Argent Trust Co lifted its stake in shares of Honeywell International Inc. (NYSE:HON) by 2.5% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 84,121 shares of the conglomerate’s stock after purchasing an additional 2,059 shares during the quarter. Honeywell International comprises about 1.3% of Argent Trust Co’s investment portfolio, making the stock its 13th largest position. Argent Trust Co’s holdings in Honeywell International were worth $18,261,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors also recently bought and sold shares of the company. BlackRock Inc. boosted its position in shares of Honeywell International by 4.8% in the 4th quarter. BlackRock Inc. now owns 42,835,736 shares of the conglomerate’s stock worth $9,111,162,000 after buying an additional 1,948,217 shares in the last quarter. Alliancebernstein L.P. boosted its position in shares of Honeywell International by 28.2% in the 1st quarter. Alliancebernstein L.P. now owns 3,771,775 shares of the conglomerate’s stock worth $818,739,000 after buying an additional 829,207 shares in the last quarter. Bessemer Group Inc. boosted its position in shares of Honeywell International by 7,187.3% in the 4th quarter. Bessemer Group Inc. now owns 782,223 shares of the conglomerate’s stock worth $166,378,000 after buying an additional 771,489 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of Honeywell International by 4.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 10,204,199 shares of the conglomerate’s stock worth $2,167,460,000 after buying an additional 477,569 shares in the last quarter. Finally, Morgan Stanley boosted its position in shares of Honeywell International by 3.3% in the 4th quarter. Morgan Stanley now owns 11,728,323 shares of the conglomerate’s stock worth $2,494,613,000 after buying an additional 379,995 shares in the last quarter. 76.02% of the stock is currently owned by institutional investors and hedge funds.
Shares of HON stock traded down $1.70 during trading hours on Friday, hitting $224.55. 46,517 shares of the company were exchanged, compared to its average volume of 2,703,420. The stock has a market cap of $155.96 billion, a price-to-earnings ratio of 34.59, a PEG ratio of 2.69 and a beta of 1.15. Honeywell International Inc. has a 1 year low of $137.53 and a 1 year high of $234.02. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.17 and a current ratio of 1.43. The business’s fifty day moving average price is $226.13.
The firm also recently announced a quarterly dividend, which was paid on Friday, June 4th. Investors of record on Friday, May 14th were given a dividend of $0.93 per share. This represents a $3.72 dividend on an annualized basis and a yield of 1.66%. The ex-dividend date of this dividend was Thursday, May 13th. Honeywell International’s dividend payout ratio (DPR) is presently 52.39%.
In related news, VP Anne T. Madden sold 8,885 shares of the stock in a transaction that occurred on Thursday, April 29th. The shares were sold at an average price of $223.22, for a total transaction of $1,983,309.70. Following the completion of the sale, the vice president now owns 50,658 shares of the company’s stock, valued at approximately $11,307,878.76. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.44% of the stock is currently owned by corporate insiders.
Several equities research analysts recently commented on the stock. Zacks Investment Research upgraded shares of Honeywell International from a “hold” rating to a “buy” rating and set a $233.00 price objective on the stock in a research report on Tuesday, April 27th. Credit Suisse Group upped their target price on shares of Honeywell International from $224.00 to $235.00 and gave the company an “outperform” rating in a report on Monday, April 26th. Deutsche Bank Aktiengesellschaft upgraded shares of Honeywell International from a “hold” rating to a “buy” rating and upped their target price for the company from $222.00 to $244.00 in a report on Thursday, April 8th. Morgan Stanley upped their target price on shares of Honeywell International from $230.00 to $246.00 and gave the company an “equal weight” rating in a report on Monday, April 26th. Finally, JPMorgan Chase & Co. upped their target price on shares of Honeywell International from $200.00 to $250.00 and gave the company an “overweight” rating in a report on Friday, April 9th. Five analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $221.00.
Honeywell International Company Profile
Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. Its 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; thermal systems; and connected solutions and data services for aftermarket, as well as wireless connectivity and management services.
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