First National Trust Co. Cuts Stake in Honeywell International Inc. (HON)

First National Trust Co. lessened its position in shares of Honeywell International Inc. (NYSE:HON) by 0.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 38,528 shares of the conglomerate’s stock after selling 64 shares during the quarter. First National Trust Co.’s holdings in Honeywell International were worth $5,136,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Hanson McClain Inc. lifted its stake in shares of Honeywell International by 0.4% during the first quarter. Hanson McClain Inc. now owns 810 shares of the conglomerate’s stock valued at $101,000 after acquiring an additional 3 shares during the period. Guidant Wealth Advisors lifted its stake in shares of Honeywell International by 15.8% during the second quarter. Guidant Wealth Advisors now owns 764 shares of the conglomerate’s stock valued at $102,000 after acquiring an additional 104 shares during the period. Mosaic Family Wealth LLC lifted its stake in shares of Honeywell International by 11.4% during the second quarter. Mosaic Family Wealth LLC now owns 762 shares of the conglomerate’s stock valued at $102,000 after acquiring an additional 78 shares during the period. Jolley Asset Management LLC lifted its stake in shares of Honeywell International by 6.9% during the second quarter. Jolley Asset Management LLC now owns 775 shares of the conglomerate’s stock valued at $103,000 after acquiring an additional 50 shares during the period. Finally, CKW Financial Group acquired a new position in shares of Honeywell International during the second quarter valued at $108,000. 75.93% of the stock is currently owned by institutional investors and hedge funds.

Shares of Honeywell International Inc. (NYSE HON) opened at 146.20 on Monday. The firm has a market cap of $111.20 billion, a price-to-earnings ratio of 22.67 and a beta of 0.95. The stock’s 50 day moving average price is $141.93 and its 200-day moving average price is $135.82. Honeywell International Inc. has a 52-week low of $108.01 and a 52-week high of $147.00.

Honeywell International (NYSE:HON) last announced its quarterly earnings data on Friday, October 20th. The conglomerate reported $1.75 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.75. The company had revenue of $10.12 billion for the quarter, compared to the consensus estimate of $10.05 billion. Honeywell International had a return on equity of 26.26% and a net margin of 12.85%. The firm’s revenue was up 3.2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.60 EPS. On average, analysts forecast that Honeywell International Inc. will post $7.10 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Friday, November 17th will be paid a $0.745 dividend. This represents a $2.98 dividend on an annualized basis and a dividend yield of 2.04%. This is an increase from Honeywell International’s previous quarterly dividend of $0.67. The ex-dividend date of this dividend is Thursday, November 16th. Honeywell International’s payout ratio is currently 40.30%.

Several equities analysts have weighed in on the company. Royal Bank Of Canada increased their target price on Honeywell International from $148.00 to $156.00 and gave the company an “outperform” rating in a research note on Monday, October 23rd. Credit Suisse Group reissued a “neutral” rating and issued a $150.00 target price (up previously from $141.00) on shares of Honeywell International in a research note on Monday, October 23rd. Citigroup Inc. increased their target price on Honeywell International from $155.00 to $170.00 and gave the company a “buy” rating in a research note on Monday, October 9th. Vertical Research reissued a “buy” rating on shares of Honeywell International in a research note on Friday, October 20th. Finally, Cowen and Company reissued a “buy” rating and issued a $150.00 target price on shares of Honeywell International in a research note on Tuesday, October 10th. One equities research analyst has rated the stock with a hold rating and seventeen have given a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $150.79.

In related news, insider Timothy O. Mahoney sold 341,701 shares of the company’s stock in a transaction that occurred on Wednesday, August 2nd. The stock was sold at an average price of $138.08, for a total transaction of $47,182,074.08. Following the transaction, the insider now directly owns 294,155 shares of the company’s stock, valued at approximately $40,616,922.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Linnet F. Deily sold 4,344 shares of the company’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $138.47, for a total value of $601,513.68. Following the transaction, the director now directly owns 9,753 shares in the company, valued at $1,350,497.91. The disclosure for this sale can be found here. Insiders sold a total of 351,885 shares of company stock worth $48,581,799 over the last three months. 1.56% of the stock is owned by company insiders.

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Honeywell International Company Profile

Honeywell International Inc is a technology and manufacturing company. The Company operates through four segments: Aerospace, Home and Building Technologies, Performance Materials and Technologies, and Safety and Productivity Solutions. The Company’s Aerospace segment supplies products, software and services for aircraft and vehicles that it sells to original equipment manufacturers (OEMs) and other customers.

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Institutional Ownership by Quarter for Honeywell International (NYSE:HON)

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