Bath Savings Trust Co Trims Position in Honeywell International Inc. (NASDAQ:HON)

Bath Savings Trust Co cut its position in Honeywell International Inc. (NASDAQ:HON) by 1.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 21,337 shares of the conglomerate’s stock after selling 375 shares during the period. Bath Savings Trust Co’s holdings in Honeywell International were worth $4,427,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of HON. True Wealth Design LLC bought a new position in shares of Honeywell International during the fourth quarter worth $31,000. Silicon Valley Capital Partners bought a new position in Honeywell International during the fourth quarter valued at $33,000. Knuff & Co LLC bought a new position in Honeywell International during the first quarter valued at $31,000. Manitou Investment Management Ltd. bought a new position in Honeywell International during the first quarter valued at $32,000. Finally, Magellan Asset Management Ltd bought a new position in Honeywell International during the first quarter valued at $32,000. 74.61% of the stock is owned by hedge funds and other institutional investors.

Honeywell International Stock Performance

Shares of NASDAQ:HON traded up $2.19 during trading on Monday, hitting $195.23. 928,013 shares of the stock traded hands, compared to its average volume of 2,785,862. 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 company has a market cap of $129.62 billion, a price-to-earnings ratio of 24.12, a P/E/G ratio of 2.36 and a beta of 1.07. The company has a fifty day moving average price of $191.94 and a two-hundred day moving average price of $195.48. 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 during the quarter, compared to analyst estimates of $9.17 billion. Honeywell International had a net margin of 15.08% and a return on equity of 34.46%. The firm’s revenue was up 1.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.10 EPS. As a group, equities analysts predict that Honeywell International Inc. will post 9.16 EPS for the current year.

Honeywell International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Friday, August 11th were paid a dividend of $1.03 per share. The ex-dividend date was Thursday, August 10th. This represents a $4.12 annualized dividend and a yield of 2.11%. Honeywell International’s dividend payout ratio (DPR) is presently 50.99%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on HON. UBS Group reduced their target price on shares of Honeywell International from $185.00 to $180.00 and set a “sell” rating on the stock in a research note on Friday, July 28th. StockNews.com began coverage on shares of Honeywell International in a research note on Monday, August 21st. They issued a “hold” rating on the stock. Finally, Morgan Stanley raised their price target 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 assigned a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Honeywell International has a consensus rating of “Hold” and a consensus target price of $215.07.

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.