Community Trust & Investment Co. Buys 922 Shares of Honeywell International Inc. (NASDAQ:HON)

Community Trust & Investment Co. lifted its stake in Honeywell International Inc. (NASDAQ:HON) by 0.9% in the third quarter, HoldingsChannel.com reports. The fund owned 101,503 shares of the conglomerate’s stock after purchasing an additional 922 shares during the period. Honeywell International accounts for 1.3% of Community Trust & Investment Co.’s holdings, making the stock its 24th biggest position. Community Trust & Investment Co.’s holdings in Honeywell International were worth $20,982,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. EP Wealth Advisors LLC grew its position in Honeywell International by 4.4% during the second quarter. EP Wealth Advisors LLC now owns 337,380 shares of the conglomerate’s stock valued at $72,044,000 after buying an additional 14,271 shares during the period. Trilogy Capital Inc. grew its position in Honeywell International by 125.7% during the first quarter. Trilogy Capital Inc. now owns 2,422 shares of the conglomerate’s stock valued at $497,000 after buying an additional 1,349 shares during the period. Jupiter Asset Management Ltd. bought a new stake in Honeywell International during the first quarter valued at approximately $1,398,000. Koshinski Asset Management Inc. grew its position in Honeywell International by 237.3% during the first quarter. Koshinski Asset Management Inc. now owns 5,643 shares of the conglomerate’s stock valued at $1,158,000 after buying an additional 3,970 shares during the period. Finally, Burke & Herbert Bank & Trust Co. grew its position in Honeywell International by 167.2% during the second quarter. Burke & Herbert Bank & Trust Co. now owns 7,491 shares of the conglomerate’s stock valued at $1,600,000 after buying an additional 4,687 shares during the period. 75.91% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on HON shares. JPMorgan Chase & Co. lowered shares of Honeywell International from an “overweight” rating to a “neutral” rating and boosted their target price for the company from $225.00 to $235.00 in a research report on Thursday, October 10th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $214.00 price target on shares of Honeywell International in a research report on Thursday, September 26th. Morgan Stanley began coverage on shares of Honeywell International in a research report on Friday, September 6th. They issued an “equal weight” rating and a $210.00 price target for the company. Wells Fargo & Company dropped their price target on shares of Honeywell International from $215.00 to $207.00 and set an “equal weight” rating for the company in a research report on Monday, October 7th. Finally, StockNews.com lowered shares of Honeywell International from a “buy” rating to a “hold” rating in a research report on Friday, August 30th. Seven analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, Honeywell International has an average rating of “Hold” and a consensus target price of $223.56.

Honeywell International Price Performance

HON stock opened at $222.35 on Wednesday. Honeywell International Inc. has a one year low of $174.88 and a one year high of $222.98. The company’s fifty day moving average price is $206.54 and its 200-day moving average price is $205.19. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.91 and a current ratio of 1.21. The company has a market capitalization of $144.79 billion, a PE ratio of 25.76, a price-to-earnings-growth ratio of 2.45 and a beta of 1.03.

Honeywell International (NASDAQ:HON) last released its earnings results on Thursday, July 25th. The conglomerate reported $2.49 EPS for the quarter, topping the consensus estimate of $2.42 by $0.07. Honeywell International had a net margin of 15.49% and a return on equity of 36.87%. The firm had revenue of $9.58 billion for the quarter, compared to the consensus estimate of $9.41 billion. During the same quarter in the previous year, the firm earned $2.23 earnings per share. The company’s quarterly revenue was up 4.7% compared to the same quarter last year. On average, equities analysts anticipate that Honeywell International Inc. will post 10.1 EPS for the current fiscal year.

Honeywell International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be paid a dividend of $1.13 per share. This is an increase from Honeywell International’s previous quarterly dividend of $1.08. The ex-dividend date of this dividend is Friday, November 15th. This represents a $4.52 dividend on an annualized basis and a yield of 2.03%. Honeywell International’s dividend payout ratio is presently 52.38%.

Honeywell International 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.