Honeywell International Inc. (NASDAQ:HON) Shares Sold by First Community Trust NA

First Community Trust NA decreased its position in Honeywell International Inc. (NASDAQ:HON) by 20.5% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 1,638 shares of the conglomerate’s stock after selling 423 shares during the period. First Community Trust NA’s holdings in Honeywell International were worth $340,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Knuff & Co LLC acquired a new position in Honeywell International in the 1st quarter valued at about $31,000. True Wealth Design LLC purchased a new position in shares of Honeywell International during the fourth quarter valued at approximately $31,000. Magellan Asset Management Ltd purchased a new stake in Honeywell International in the 1st quarter worth approximately $32,000. Manitou Investment Management Ltd. purchased a new position in shares of Honeywell International during the 1st quarter worth $32,000. Finally, Raleigh Capital Management Inc. grew its position in shares of Honeywell International by 47.4% in the first quarter. Raleigh Capital Management Inc. now owns 168 shares of the conglomerate’s stock valued at $32,000 after purchasing an additional 54 shares during the period. 74.61% of the stock is currently owned by hedge funds and other institutional investors.

Honeywell International Stock Down 0.3 %

Shares of NASDAQ HON traded down $0.49 on Friday, hitting $193.07. The company had a trading volume of 2,219,253 shares, compared to its average volume of 2,774,809. The firm has a market capitalization of $128.19 billion, a P/E ratio of 23.96, a PEG ratio of 2.33 and a beta of 1.07. The company has a quick ratio of 1.07, a current ratio of 1.41 and a debt-to-equity ratio of 0.98. Honeywell International Inc. has a 12-month low of $166.63 and a 12-month high of $220.96. The business has a 50 day moving average of $192.51 and a two-hundred day moving average of $195.33.

Honeywell International (NASDAQ:HON) last released its quarterly earnings results on Thursday, July 27th. The conglomerate reported $2.23 earnings per share for the quarter, topping analysts’ consensus estimates of $2.20 by $0.03. The firm had revenue of $9.10 billion during the quarter, compared to analysts’ expectations of $9.17 billion. Honeywell International had a return on equity of 34.46% and a net margin of 15.08%. Honeywell International’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.10 EPS. As a group, equities research analysts forecast that Honeywell International Inc. will post 9.16 earnings per share for the current fiscal year.

Honeywell International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Friday, August 11th were issued a $1.03 dividend. The ex-dividend date of this dividend was Thursday, August 10th. This represents a $4.12 dividend on an annualized basis and a yield of 2.13%. Honeywell International’s dividend payout ratio is currently 50.99%.

Analysts Set New Price Targets

Several analysts have commented on HON shares. StockNews.com began coverage on Honeywell International in a report on Monday, August 21st. They issued a “hold” rating for the company. UBS Group lowered their target price on shares of Honeywell International from $185.00 to $180.00 and set a “sell” rating for the company in a report on Friday, July 28th. Finally, Morgan Stanley boosted their price objective on shares of Honeywell International from $219.00 to $221.00 in a research note on Friday, July 28th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $215.07.

Honeywell International Company Profile

Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. Its Aerospace segment offers auxiliary power units, propulsion engines, integrated avionics, environmental control and electric power systems, engine controls, flight safety, communications, navigation hardware, data and software applications, radar and surveillance systems, aircraft lighting, advanced systems and instruments, satellite and space components, and aircraft wheels and brakes; spare parts; repair, overhaul, and maintenance services; and thermal systems, as well as wireless connectivity and management services.