Honeywell International Inc. $HON Shares Bought by First National Trust Co

First National Trust Co increased its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 1.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 72,283 shares of the conglomerate’s stock after purchasing an additional 768 shares during the quarter. First National Trust Co’s holdings in Honeywell International were worth $16,833,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of HON. Purkiss Capital Advisors LLC lifted its stake in shares of Honeywell International by 108.3% in the 2nd quarter. Purkiss Capital Advisors LLC now owns 4,257 shares of the conglomerate’s stock worth $991,000 after acquiring an additional 2,213 shares during the period. Tevis Investment Management lifted its position in Honeywell International by 333.7% in the second quarter. Tevis Investment Management now owns 7,304 shares of the conglomerate’s stock valued at $1,701,000 after purchasing an additional 5,620 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd lifted its position in Honeywell International by 14.4% in the second quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 38,421 shares of the conglomerate’s stock valued at $8,947,000 after purchasing an additional 4,830 shares during the period. Rossby Financial LCC lifted its position in Honeywell International by 19.2% in the second quarter. Rossby Financial LCC now owns 1,169 shares of the conglomerate’s stock valued at $272,000 after purchasing an additional 188 shares during the period. Finally, Facet Wealth Inc. lifted its position in Honeywell International by 20.8% in the second quarter. Facet Wealth Inc. now owns 1,270 shares of the conglomerate’s stock valued at $282,000 after purchasing an additional 219 shares during the period. 75.91% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO Lucian Boldea sold 42,149 shares of Honeywell International stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $221.58, for a total transaction of $9,339,375.42. Following the completion of the transaction, the chief executive officer directly owned 10,334 shares in the company, valued at $2,289,807.72. The trade was a 80.31% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.41% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have recently commented on HON shares. TD Cowen reduced their price target on Honeywell International from $260.00 to $250.00 in a report on Tuesday, October 7th. Robert W. Baird reduced their target price on Honeywell International from $250.00 to $220.00 and set a “neutral” rating for the company in a report on Monday, October 13th. Morgan Stanley raised their target price on Honeywell International from $225.00 to $245.00 and gave the company an “equal weight” rating in a report on Monday, July 28th. Wells Fargo & Company raised their target price on Honeywell International from $220.00 to $230.00 and gave the company an “equal weight” rating in a report on Friday. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Honeywell International in a research note on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $250.88.

Honeywell International Trading Down 0.5%

NASDAQ:HON opened at $215.07 on Tuesday. The company has a market capitalization of $136.55 billion, a PE ratio of 22.66, a price-to-earnings-growth ratio of 2.64 and a beta of 1.06. The company has a quick ratio of 1.04, a current ratio of 1.36 and a debt-to-equity ratio of 1.70. Honeywell International Inc. has a 52-week low of $179.36 and a 52-week high of $242.77. The stock has a fifty day simple moving average of $212.01 and a 200-day simple moving average of $217.90.

Honeywell International (NASDAQ:HON) last released its quarterly earnings results on Monday, December 11th. The conglomerate reported $2.25 earnings per share (EPS) for the quarter. The business had revenue of $8.95 billion during the quarter. Honeywell International had a return on equity of 38.11% and a net margin of 15.07%. Honeywell International has set its Q4 2023 guidance at 2.530-2.630 EPS. FY 2023 guidance at 9.100-9.200 EPS. On average, equities research analysts expect that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Increases Dividend

The business also recently disclosed 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 2.2%. This is an increase from Honeywell International’s previous quarterly dividend of $1.13. Honeywell International’s payout ratio is presently 47.63%.

Honeywell International 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.