Mechanics Bank Trust Department Cuts Stake in Honeywell International Inc. (NASDAQ:HON)

Mechanics Bank Trust Department lessened its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 1.9% during the 2nd quarter, Holdings Channel reports. The firm owned 19,467 shares of the conglomerate’s stock after selling 377 shares during the period. Mechanics Bank Trust Department’s holdings in Honeywell International were worth $4,157,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in HON. Turtle Creek Wealth Advisors LLC purchased a new position in Honeywell International during the 4th quarter valued at approximately $126,000. Aaron Wealth Advisors LLC bought a new stake in Honeywell International in the fourth quarter worth $233,000. Cerity Partners LLC raised its stake in Honeywell International by 62.6% during the fourth quarter. Cerity Partners LLC now owns 346,873 shares of the conglomerate’s stock valued at $72,742,000 after purchasing an additional 133,592 shares in the last quarter. PFS Partners LLC lifted its position in Honeywell International by 1,285.4% during the fourth quarter. PFS Partners LLC now owns 7,883 shares of the conglomerate’s stock valued at $1,653,000 after purchasing an additional 7,314 shares during the last quarter. Finally, Round Rock Advisors LLC purchased a new position in shares of Honeywell International in the 4th quarter worth $3,384,000. 75.91% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Honeywell International

In other Honeywell International news, Director Darius Adamczyk sold 28,500 shares of the firm’s stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $203.96, for a total transaction of $5,812,860.00. Following the transaction, the director now directly owns 203,510 shares in the company, valued at approximately $41,507,899.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.41% of the company’s stock.

Honeywell International Trading Down 0.8 %

Shares of HON stock traded down $1.59 on Friday, reaching $198.23. 1,888,151 shares of the company’s stock were exchanged, compared to its average volume of 2,922,609. The company’s fifty day simple moving average is $210.00 and its 200 day simple moving average is $202.58. Honeywell International Inc. has a 52 week low of $174.88 and a 52 week high of $220.79. The company has a current ratio of 1.21, a quick ratio of 0.91 and a debt-to-equity ratio of 1.19. The stock has a market capitalization of $129.08 billion, a PE ratio of 22.97, a P/E/G ratio of 2.32 and a beta of 1.04.

Honeywell International (NASDAQ:HON) last released its earnings results on Thursday, July 25th. The conglomerate reported $2.49 earnings per share for the quarter, topping the consensus estimate of $2.42 by $0.07. The business had revenue of $9.58 billion during the quarter, compared to the consensus estimate of $9.41 billion. Honeywell International had a return on equity of 36.87% and a net margin of 15.49%. The business’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period last year, the company earned $2.23 earnings per share. As a group, analysts forecast that Honeywell International Inc. will post 10.14 EPS for the current year.

Honeywell International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 6th. Shareholders of record on Friday, August 16th will be paid a $1.08 dividend. The ex-dividend date is Friday, August 16th. This represents a $4.32 dividend on an annualized basis and a yield of 2.18%. Honeywell International’s dividend payout ratio is currently 50.06%.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. Daiwa America raised shares of Honeywell International to a “moderate buy” rating in a report on Wednesday, June 5th. Royal Bank of Canada lowered their price objective on Honeywell International from $218.00 to $214.00 and set a “sector perform” rating for the company in a research note on Friday, July 26th. UBS Group upgraded Honeywell International from a “sell” rating to a “neutral” rating and lifted their target price for the stock from $175.00 to $215.00 in a report on Monday, June 10th. Citigroup increased their price target on Honeywell International from $243.00 to $244.00 and gave the company a “buy” rating in a report on Tuesday, June 4th. Finally, StockNews.com lowered shares of Honeywell International from a “buy” rating to a “hold” rating in a research note on Friday. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $225.00.

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.