Equitable Trust Co. lowered its position in shares of Honeywell International Inc. (NASDAQ:HON – Free Report) by 4.3% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 13,581 shares of the conglomerate’s stock after selling 604 shares during the period. Equitable Trust Co.’s holdings in Honeywell International were worth $3,163,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in HON. Chung Wu Investment Group LLC purchased a new stake in shares of Honeywell International in the second quarter worth approximately $26,000. Pandora Wealth Inc. bought a new position in Honeywell International during the first quarter valued at $33,000. RMG Wealth Management LLC bought a new position in Honeywell International during the second quarter valued at $33,000. 1248 Management LLC bought a new position in Honeywell International during the first quarter valued at $38,000. Finally, Dogwood Wealth Management LLC boosted its holdings in shares of Honeywell International by 143.9% in the second quarter. Dogwood Wealth Management LLC now owns 161 shares of the conglomerate’s stock worth $39,000 after acquiring an additional 95 shares during the period. Institutional investors own 75.91% of the company’s stock.
Honeywell International Stock Up 1.0%
Shares of NASDAQ:HON opened at $202.91 on Tuesday. The stock has a market capitalization of $128.83 billion, a price-to-earnings ratio of 23.08, a price-to-earnings-growth ratio of 2.25 and a beta of 1.06. The company’s fifty day moving average is $213.75 and its two-hundred day moving average is $217.20. Honeywell International Inc. has a 1-year low of $179.36 and a 1-year high of $242.77. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.97 and a current ratio of 1.29.
Honeywell International Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, December 5th. Stockholders of record on Friday, November 14th will be paid a $1.19 dividend. The ex-dividend date is Friday, November 14th. This represents a $4.76 annualized dividend and a dividend yield of 2.3%. This is a boost from Honeywell International’s previous quarterly dividend of $1.13. Honeywell International’s dividend payout ratio is presently 51.42%.
Insider Activity
In related news, CEO Lucian Boldea sold 42,149 shares of Honeywell International stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $221.58, for a total value of $9,339,375.42. Following the completion of the transaction, the chief executive officer directly owned 10,334 shares of the company’s stock, valued at $2,289,807.72. The trade was a 80.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.41% of the stock is owned by corporate insiders.
Analysts Set New Price Targets
A number of brokerages recently issued reports on HON. Morgan Stanley increased their price objective on Honeywell International from $225.00 to $245.00 and gave the stock an “equal weight” rating in a research report on Monday, July 28th. Royal Bank Of Canada decreased their price objective on Honeywell International from $254.00 to $253.00 and set a “sector perform” rating on the stock in a report on Friday, July 25th. Deutsche Bank Aktiengesellschaft raised their target price on Honeywell International from $268.00 to $271.00 and gave the stock a “buy” rating in a research note on Thursday, October 2nd. Wells Fargo & Company reduced their target price on Honeywell International from $230.00 to $220.00 and set an “equal weight” rating on the stock in a report on Monday, October 6th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Honeywell International in a report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $251.80.
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.
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