Perkins Coie Trust Co Sells 99 Shares of Honeywell International Inc. (NASDAQ:HON)

Perkins Coie Trust Co lowered its position in Honeywell International Inc. (NASDAQ:HON) by 0.5% in the 1st quarter, HoldingsChannel.com reports. The fund owned 18,125 shares of the conglomerate’s stock after selling 99 shares during the quarter. Perkins Coie Trust Co’s holdings in Honeywell International were worth $3,838,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Persium Advisors LLC grew its holdings in Honeywell International by 3.7% during the first quarter. Persium Advisors LLC now owns 3,007 shares of the conglomerate’s stock valued at $637,000 after purchasing an additional 106 shares during the period. Successful Portfolios LLC grew its holdings in Honeywell International by 1.3% during the first quarter. Successful Portfolios LLC now owns 7,970 shares of the conglomerate’s stock valued at $1,688,000 after purchasing an additional 100 shares during the period. Stokes Capital Advisors LLC grew its holdings in Honeywell International by 1.0% during the first quarter. Stokes Capital Advisors LLC now owns 37,163 shares of the conglomerate’s stock valued at $7,869,000 after purchasing an additional 383 shares during the period. Blue Zone Wealth Advisors LLC grew its holdings in Honeywell International by 7.9% during the first quarter. Blue Zone Wealth Advisors LLC now owns 23,089 shares of the conglomerate’s stock valued at $4,889,000 after purchasing an additional 1,686 shares during the period. Finally, Impact Capital Partners LLC grew its holdings in Honeywell International by 5.3% during the first quarter. Impact Capital Partners LLC now owns 8,815 shares of the conglomerate’s stock valued at $1,867,000 after purchasing an additional 443 shares during the period. Institutional investors own 75.91% of the company’s stock.

Honeywell International Price Performance

NASDAQ:HON opened at $228.78 on Friday. The company has a current ratio of 1.31, a quick ratio of 1.01 and a debt-to-equity ratio of 1.33. The company has a market capitalization of $147.03 billion, a P/E ratio of 26.27, a P/E/G ratio of 2.51 and a beta of 1.08. Honeywell International Inc. has a 12 month low of $179.36 and a 12 month high of $242.77. The business’s 50-day moving average is $210.44 and its 200 day moving average is $216.22.

Honeywell International (NASDAQ:HON) last posted its earnings results on Tuesday, April 29th. The conglomerate reported $2.51 EPS for the quarter, topping analysts’ consensus estimates of $2.21 by $0.30. The company had revenue of $9.82 billion for the quarter, compared to the consensus estimate of $9.59 billion. Honeywell International had a return on equity of 35.78% and a net margin of 14.82%. The firm’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same period in the previous year, the business earned $2.25 earnings per share. On average, equities research analysts forecast that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 16th were given a dividend of $1.13 per share. The ex-dividend date of this dividend was Friday, May 16th. This represents a $4.52 dividend on an annualized basis and a yield of 1.98%. Honeywell International’s dividend payout ratio (DPR) is presently 51.95%.

Analysts Set New Price Targets

Several analysts have issued reports on HON shares. Citigroup boosted their price target on Honeywell International from $242.00 to $265.00 and gave the company a “buy” rating in a report on Wednesday. Royal Bank of Canada boosted their price target on Honeywell International from $211.00 to $226.00 and gave the company a “sector perform” rating in a report on Wednesday, April 30th. JPMorgan Chase & Co. boosted their price objective on Honeywell International from $182.00 to $217.00 and gave the company a “neutral” rating in a research report on Friday, May 16th. Mizuho boosted their price objective on Honeywell International from $235.00 to $250.00 and gave the company an “outperform” rating in a research report on Friday, May 16th. Finally, Barclays lowered their price objective on Honeywell International from $247.00 to $243.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 30th. Eight research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Honeywell International currently has an average rating of “Moderate Buy” and a consensus price target of $248.14.

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.