First Western Trust Bank Sells 4,634 Shares of Honeywell International Inc. (NASDAQ:HON)

First Western Trust Bank lessened its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 14.8% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 26,663 shares of the conglomerate’s stock after selling 4,634 shares during the period. First Western Trust Bank’s holdings in Honeywell International were worth $5,694,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. LGT Group Foundation purchased a new position in shares of Honeywell International during the 1st quarter worth about $26,000. Scarborough Advisors LLC bought a new position in Honeywell International in the fourth quarter worth approximately $27,000. Richardson Capital Management LLC bought a new position in Honeywell International during the 1st quarter worth about $35,000. Financial Connections Group Inc. bought a new position in Honeywell International in the second quarter worth approximately $38,000. Finally, Pathway Financial Advisers LLC purchased a new position in shares of Honeywell International in the 1st quarter valued at $39,000. 75.91% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Royal Bank of Canada reduced their target price on shares of Honeywell International from $218.00 to $214.00 and set a “sector perform” rating for the company in a report on Friday, July 26th. Wells Fargo & Company reduced their target price on Honeywell International from $220.00 to $215.00 and set an “equal weight” rating for the company in a research note on Friday, July 26th. Daiwa America upgraded shares of Honeywell International to a “moderate buy” rating in a research note on Wednesday, June 5th. UBS Group upgraded Honeywell International from a “sell” rating to a “neutral” rating and upped their target price for the stock from $175.00 to $215.00 in a research note on Monday, June 10th. Finally, Citigroup raised their price objective on shares of Honeywell International from $243.00 to $244.00 and gave the stock a “buy” rating in a research note on Tuesday, June 4th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $225.00.

Honeywell International Trading Down 1.2 %

HON opened at $202.98 on Friday. The stock has a market capitalization of $132.18 billion, a PE ratio of 23.52, a P/E/G ratio of 2.37 and a beta of 1.04. Honeywell International Inc. has a one year low of $174.88 and a one year high of $220.79. 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 business’s 50 day moving average price is $206.72 and its 200 day moving average price is $203.13.

Honeywell International (NASDAQ:HON) last issued its quarterly earnings data on Thursday, July 25th. The conglomerate reported $2.49 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $9.41 billion. During the same period in the previous year, the firm earned $2.23 EPS. Honeywell International’s revenue was up 4.7% on a year-over-year basis. As a group, equities research analysts expect that Honeywell International Inc. will post 10.12 EPS for the current year.

Honeywell International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 6th. Stockholders of record on Friday, August 16th will be given a dividend of $1.08 per share. The ex-dividend date is Friday, August 16th. This represents a $4.32 annualized dividend and a dividend yield of 2.13%. Honeywell International’s dividend payout ratio is currently 50.06%.

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.