Riverview Trust Co Buys 54 Shares of Honeywell International Inc. (NASDAQ:HON)

Riverview Trust Co increased its position in Honeywell International Inc. (NASDAQ:HON) by 7.9% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 741 shares of the conglomerate’s stock after purchasing an additional 54 shares during the quarter. Riverview Trust Co’s holdings in Honeywell International were worth $153,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in HON. MJP Associates Inc. ADV purchased a new stake in Honeywell International in the first quarter worth about $214,000. &PARTNERS grew its stake in shares of Honeywell International by 151.0% in the first quarter. &PARTNERS now owns 4,104 shares of the conglomerate’s stock worth $842,000 after acquiring an additional 2,469 shares during the last quarter. City State Bank increased its holdings in shares of Honeywell International by 3.1% during the first quarter. City State Bank now owns 3,312 shares of the conglomerate’s stock valued at $680,000 after acquiring an additional 100 shares in the last quarter. Cooper Financial Group increased its holdings in shares of Honeywell International by 6.0% during the first quarter. Cooper Financial Group now owns 3,326 shares of the conglomerate’s stock valued at $683,000 after acquiring an additional 189 shares in the last quarter. Finally, Bridge Creek Capital Management LLC boosted its stake in Honeywell International by 34.7% in the 1st quarter. Bridge Creek Capital Management LLC now owns 4,995 shares of the conglomerate’s stock worth $1,025,000 after purchasing an additional 1,288 shares in the last quarter. 75.91% of the stock is currently owned by institutional investors.

Honeywell International Price Performance

Shares of Honeywell International stock opened at $222.02 on Friday. The stock has a market cap of $144.58 billion, a P/E ratio of 25.73, a P/E/G ratio of 2.45 and a beta of 1.03. 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 stock’s fifty day moving average is $205.53 and its 200 day moving average is $204.75. Honeywell International Inc. has a one year low of $174.88 and a one year high of $222.07.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings data on Thursday, July 25th. The conglomerate reported $2.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.42 by $0.07. Honeywell International had a return on equity of 36.87% and a net margin of 15.49%. The company had revenue of $9.58 billion during the quarter, compared to the consensus estimate of $9.41 billion. During the same period in the previous year, the company posted $2.23 EPS. The firm’s revenue was up 4.7% on a year-over-year basis. Sell-side analysts anticipate that Honeywell International Inc. will post 10.1 earnings per share for the current year.

Honeywell International Increases Dividend

The firm also recently disclosed 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 annualized dividend and a dividend yield of 2.04%. This is an increase from Honeywell International’s previous quarterly dividend of $1.08. The ex-dividend date is Friday, November 15th. Honeywell International’s payout ratio is presently 52.38%.

Analysts Set New Price Targets

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

About Honeywell International

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.