Honeywell International Inc. (NASDAQ:HON) Shares Sold by First Western Trust Bank

First Western Trust Bank decreased its position in Honeywell International Inc. (NASDAQ:HON) by 5.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 35,619 shares of the conglomerate’s stock after selling 2,047 shares during the quarter. First Western Trust Bank’s holdings in Honeywell International were worth $7,391,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. MV Capital Management Inc. raised its holdings in Honeywell International by 19.4% during the second quarter. MV Capital Management Inc. now owns 634 shares of the conglomerate’s stock worth $132,000 after purchasing an additional 103 shares in the last quarter. HBK Investments L P acquired a new stake in Honeywell International during the first quarter worth approximately $272,000. Ironwood Investment Counsel LLC raised its holdings in Honeywell International by 27.9% during the second quarter. Ironwood Investment Counsel LLC now owns 2,557 shares of the conglomerate’s stock worth $531,000 after purchasing an additional 558 shares in the last quarter. Wedgewood Investors Inc. PA raised its holdings in Honeywell International by 6.2% during the second quarter. Wedgewood Investors Inc. PA now owns 1,278 shares of the conglomerate’s stock worth $265,000 after purchasing an additional 75 shares in the last quarter. Finally, Park Place Capital Corp raised its holdings in Honeywell International by 13.1% during the second quarter. Park Place Capital Corp now owns 4,728 shares of the conglomerate’s stock worth $981,000 after purchasing an additional 549 shares in the last quarter. Institutional investors and hedge funds own 74.61% of the company’s stock.

Honeywell International Stock Performance

NASDAQ:HON traded down $0.32 during midday trading on Monday, reaching $190.89. The stock had a trading volume of 715,275 shares, compared to its average volume of 2,782,351. The firm has a fifty day simple moving average of $186.19 and a two-hundred day simple moving average of $192.70. Honeywell International Inc. has a 12-month low of $174.88 and a 12-month high of $220.96. The company has a quick ratio of 1.01, a current ratio of 1.35 and a debt-to-equity ratio of 0.94. The stock has a market cap of $125.84 billion, a P/E ratio of 23.66, a P/E/G ratio of 2.45 and a beta of 1.05.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings data on Thursday, October 26th. The conglomerate reported $2.27 earnings per share for the quarter, beating analysts’ consensus estimates of $2.23 by $0.04. Honeywell International had a net margin of 14.87% and a return on equity of 34.63%. The firm had revenue of $9.21 billion for the quarter, compared to analyst estimates of $9.23 billion. During the same period last year, the firm posted $2.25 EPS. Honeywell International’s quarterly revenue was up 2.9% on a year-over-year basis. On average, equities analysts expect that Honeywell International Inc. will post 9.16 EPS for the current year.

Honeywell International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Friday, November 10th will be issued a $1.08 dividend. The ex-dividend date is Thursday, November 9th. This represents a $4.32 dividend on an annualized basis and a yield of 2.26%. This is an increase from Honeywell International’s previous quarterly dividend of $1.03. Honeywell International’s dividend payout ratio (DPR) is 53.53%.

Analysts Set New Price Targets

A number of analysts have weighed in on HON shares. Wells Fargo & Company cut their price objective on shares of Honeywell International from $205.00 to $190.00 in a report on Monday, October 9th. Morgan Stanley raised their target price on shares of Honeywell International from $219.00 to $221.00 in a research report on Friday, July 28th. StockNews.com upgraded shares of Honeywell International from a “hold” rating to a “buy” rating in a research report on Friday, November 3rd. Finally, UBS Group lowered 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 report on Friday, July 28th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $214.75.

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.