Community Bank N.A. Reduces Stake in Honeywell International Inc. (NASDAQ:HON)

Community Bank N.A. lowered its stake in Honeywell International Inc. (NASDAQ:HON) by 4.7% in the 4th quarter, HoldingsChannel reports. The fund owned 11,041 shares of the conglomerate’s stock after selling 540 shares during the period. Community Bank N.A.’s holdings in Honeywell International were worth $2,315,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Tokio Marine Asset Management Co. Ltd. lifted its stake in Honeywell International by 4.5% in the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 14,230 shares of the conglomerate’s stock worth $2,984,000 after purchasing an additional 611 shares during the last quarter. Atria Wealth Solutions Inc. lifted its stake in Honeywell International by 4.3% in the fourth quarter. Atria Wealth Solutions Inc. now owns 37,576 shares of the conglomerate’s stock worth $7,880,000 after purchasing an additional 1,564 shares during the last quarter. Capital Advisors Ltd. LLC lifted its stake in Honeywell International by 3.5% in the fourth quarter. Capital Advisors Ltd. LLC now owns 2,526 shares of the conglomerate’s stock worth $530,000 after purchasing an additional 86 shares during the last quarter. Wynn Capital LLC bought a new stake in Honeywell International in the fourth quarter worth about $727,000. Finally, Harvest Fund Management Co. Ltd lifted its stake in Honeywell International by 10.9% in the fourth quarter. Harvest Fund Management Co. Ltd now owns 5,793 shares of the conglomerate’s stock worth $1,211,000 after purchasing an additional 568 shares during the last quarter. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Honeywell International Stock Down 0.7 %

HON stock traded down $1.37 during trading on Wednesday, hitting $194.79. 3,576,760 shares of the company’s stock traded hands, compared to its average volume of 3,007,525. The firm has a market capitalization of $126.84 billion, a P/E ratio of 23.00, a PEG ratio of 2.24 and a beta of 1.02. The business has a fifty day simple moving average of $198.35 and a two-hundred day simple moving average of $196.25. The company has a quick ratio of 0.93, a current ratio of 1.27 and a debt-to-equity ratio of 1.01. Honeywell International Inc. has a 1 year low of $174.88 and a 1 year high of $210.87.

Honeywell International (NASDAQ:HON) last issued its quarterly earnings data on Thursday, February 1st. The conglomerate reported $2.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.59 by $0.01. The company had revenue of $9.44 billion for the quarter, compared to analyst estimates of $9.70 billion. Honeywell International had a net margin of 15.43% and a return on equity of 35.17%. Honeywell International’s revenue was up 2.8% compared to the same quarter last year. During the same period last year, the company posted $2.52 earnings per share. Sell-side analysts anticipate that Honeywell International Inc. will post 9.94 EPS for the current year.

Honeywell International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were issued a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a yield of 2.22%. The ex-dividend date of this dividend was Thursday, February 29th. Honeywell International’s payout ratio is 51.00%.

Insider Activity at Honeywell International

In related news, Director Darius Adamczyk sold 25,500 shares of Honeywell International stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $197.19, for a total transaction of $5,028,345.00. Following the transaction, the director now directly owns 183,400 shares of the company’s stock, valued at $36,164,646. The sale was disclosed in a filing with the SEC, which is accessible through this link. 0.41% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have issued reports on HON. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $215.00 price objective (down previously from $227.00) on shares of Honeywell International in a research note on Tuesday, April 16th. Royal Bank of Canada decreased their price objective on shares of Honeywell International from $210.00 to $209.00 and set a “sector perform” rating for the company in a research note on Friday, February 2nd. Berenberg Bank raised shares of Honeywell International from a “hold” rating to a “buy” rating and lifted their price target for the company from $195.00 to $240.00 in a research note on Wednesday, March 6th. Finally, Barclays lifted their price target on shares of Honeywell International from $230.00 to $232.00 and gave the company an “overweight” rating in a research note on Tuesday, April 2nd. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $219.67.

Honeywell International Company Profile

Honeywell International Inc engages in the aerospace technologies, building automation, energy and sustainable solutions, and industrial automation businesses in the United States, Europe, and internationally. The company's 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 services.