Trust Co. of Toledo NA OH Has $4.84 Million Holdings in Honeywell International Inc. $HON

Trust Co. of Toledo NA OH increased its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 0.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 20,767 shares of the conglomerate’s stock after acquiring an additional 65 shares during the quarter. Trust Co. of Toledo NA OH’s holdings in Honeywell International were worth $4,836,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Drucker Wealth 3.0 LLC increased its holdings in shares of Honeywell International by 67.2% in the second quarter. Drucker Wealth 3.0 LLC now owns 3,796 shares of the conglomerate’s stock valued at $906,000 after purchasing an additional 1,525 shares during the last quarter. Williams & Novak LLC acquired a new position in shares of Honeywell International in the second quarter valued at $944,000. Aberdeen Group plc grew its stake in Honeywell International by 4.5% in the 2nd quarter. Aberdeen Group plc now owns 744,761 shares of the conglomerate’s stock valued at $173,440,000 after buying an additional 32,314 shares during the last quarter. VanderPol Investments L.L.C. acquired a new position in Honeywell International in the 2nd quarter valued at about $209,000. Finally, PDS Planning Inc grew its stake in Honeywell International by 11.2% in the 2nd quarter. PDS Planning Inc now owns 2,850 shares of the conglomerate’s stock valued at $664,000 after buying an additional 287 shares during the last quarter. 75.91% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently commented on HON. Morgan Stanley upped their target price on Honeywell International from $225.00 to $245.00 and gave the company an “equal weight” rating in a research report on Monday, July 28th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Honeywell International in a report on Wednesday. Wells Fargo & Company decreased their price objective 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. Barclays upped their price objective on Honeywell International from $258.00 to $265.00 and gave the company an “overweight” rating in a report on Wednesday, July 9th. Finally, Royal Bank Of Canada decreased their price target on shares of Honeywell International from $254.00 to $253.00 and set a “sector perform” rating on the stock in a research note on Friday, July 25th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat.com, Honeywell International has an average rating of “Moderate Buy” and a consensus price target of $251.80.

Insider Activity

In other Honeywell International news, CEO Lucian Boldea sold 42,149 shares of the firm’s stock in a transaction on 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 sale, the chief executive officer owned 10,334 shares of the company’s stock, valued at approximately $2,289,807.72. This trade represents a 80.31% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.20% of the company’s stock.

Honeywell International Stock Performance

HON opened at $200.91 on Friday. The firm has a market cap of $127.56 billion, a P/E ratio of 22.86, a price-to-earnings-growth ratio of 2.28 and a beta of 1.06. Honeywell International Inc. has a 52-week low of $179.36 and a 52-week 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. The business’s fifty day moving average is $214.11 and its 200-day moving average is $217.20.

Honeywell International (NASDAQ:HON) last released its earnings results on Monday, December 11th. The conglomerate reported $2.25 earnings per share (EPS) for the quarter. The company had revenue of $8.95 billion for the quarter. Honeywell International had a return on equity of 37.37% and a net margin of 14.30%. Honeywell International has set its Q4 2023 guidance at 2.530-2.630 EPS. FY 2023 guidance at 9.100-9.200 EPS. Sell-side analysts expect that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 5th. Investors of record on Friday, November 14th will be given a dividend of $1.19 per share. The ex-dividend date is Friday, November 14th. This represents a $4.76 annualized dividend and a dividend yield of 2.4%. This is a positive change from Honeywell International’s previous quarterly dividend of $1.13. Honeywell International’s dividend payout ratio (DPR) is 51.42%.

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.