CENTRAL TRUST Co Sells 892 Shares of Honeywell International Inc. (NASDAQ:HON)

CENTRAL TRUST Co decreased its holdings in Honeywell International Inc. (NASDAQ:HON) by 0.7% in the third quarter, HoldingsChannel reports. The institutional investor owned 119,641 shares of the conglomerate’s stock after selling 892 shares during the period. CENTRAL TRUST Co’s holdings in Honeywell International were worth $24,731,000 at the end of the most recent reporting period.

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

Honeywell International Price Performance

Shares of NASDAQ HON opened at $220.34 on Thursday. The firm has a market cap of $143.48 billion, a PE ratio of 25.53, a PEG ratio of 2.45 and a beta of 1.03. Honeywell International Inc. has a 1-year low of $174.88 and a 1-year high of $222.98. The company has a fifty day moving average price of $206.99 and a 200 day moving average price of $205.30. The company has a current ratio of 1.21, a quick ratio of 0.91 and a debt-to-equity ratio of 1.19.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings results on Thursday, July 25th. The conglomerate reported $2.49 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $9.41 billion. During the same quarter last year, the company posted $2.23 earnings per share. The company’s revenue for the quarter was up 4.7% compared to the same quarter last year. Research analysts predict that Honeywell International Inc. will post 10.1 earnings per share 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. Stockholders of record on Friday, November 15th will be given a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.05%. 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. Honeywell International’s payout ratio is presently 52.38%.

Wall Street Analysts Forecast Growth

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

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.