Honeywell International Inc. (NASDAQ:HON) Stake Trimmed by Somerset Trust Co

Somerset Trust Co lowered its stake in Honeywell International Inc. (NASDAQ:HON) by 9.9% during the second quarter, HoldingsChannel reports. The firm owned 1,241 shares of the conglomerate’s stock after selling 137 shares during the period. Somerset Trust Co’s holdings in Honeywell International were worth $258,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. True Wealth Design LLC acquired a new stake in Honeywell International during the 4th quarter worth about $31,000. Silicon Valley Capital Partners acquired a new stake in Honeywell International during the 4th quarter worth about $33,000. Knuff & Co LLC acquired a new stake in Honeywell International during the 1st quarter worth about $31,000. Manitou Investment Management Ltd. acquired a new stake in Honeywell International during the 1st quarter worth about $32,000. Finally, Magellan Asset Management Ltd acquired a new stake in Honeywell International during the 1st quarter worth about $32,000. Hedge funds and other institutional investors own 74.61% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Morgan Stanley lifted their price target on Honeywell International from $219.00 to $221.00 in a report on Friday, July 28th. StockNews.com assumed coverage on Honeywell International in a report on Monday, August 21st. They set a “hold” rating for the company. Finally, UBS Group reduced their price target on Honeywell International from $185.00 to $180.00 and set a “sell” rating for the company in a report on Friday, July 28th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Honeywell International presently has a consensus rating of “Hold” and an average target price of $215.07.

Honeywell International Stock Performance

NASDAQ HON traded up $0.38 during trading on Friday, hitting $193.94. The company’s stock had a trading volume of 1,558,811 shares, compared to its average volume of 2,771,626. The company has a quick ratio of 1.07, a current ratio of 1.41 and a debt-to-equity ratio of 0.98. The firm has a 50 day moving average price of $192.51 and a 200 day moving average price of $195.33. The firm has a market cap of $128.77 billion, a P/E ratio of 23.96, a price-to-earnings-growth ratio of 2.33 and a beta of 1.07. Honeywell International Inc. has a 52 week low of $166.63 and a 52 week high of $220.96.

Honeywell International (NASDAQ:HON) last issued its quarterly earnings results on Thursday, July 27th. The conglomerate reported $2.23 EPS for the quarter, topping the consensus estimate of $2.20 by $0.03. The company had revenue of $9.10 billion for the quarter, compared to the consensus estimate of $9.17 billion. Honeywell International had a return on equity of 34.46% and a net margin of 15.08%. The company’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same period in the previous year, the business posted $2.10 EPS. 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. Stockholders of record on Friday, August 11th were given a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.12%. The ex-dividend date of this dividend was Thursday, August 10th. Honeywell International’s dividend payout ratio is presently 50.99%.

About Honeywell International

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.