Community Bank N.A. Trims Stake in Honeywell International Inc. (NASDAQ:HON)

Community Bank N.A. trimmed its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 4.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,041 shares of the conglomerate’s stock after selling 540 shares during the quarter. Community Bank N.A.’s holdings in Honeywell International were worth $2,315,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in HON. Industrial Alliance Investment Management Inc. lifted its stake in Honeywell International by 1,205.8% during the third quarter. Industrial Alliance Investment Management Inc. now owns 3,395 shares of the conglomerate’s stock worth $627,000 after purchasing an additional 3,135 shares during the last quarter. Jag Capital Management LLC lifted its stake in Honeywell International by 40.8% during the third quarter. Jag Capital Management LLC now owns 1,619 shares of the conglomerate’s stock worth $299,000 after purchasing an additional 469 shares during the last quarter. Shulman DeMeo Asset Management LLC lifted its stake in Honeywell International by 11.1% during the fourth quarter. Shulman DeMeo Asset Management LLC now owns 1,686 shares of the conglomerate’s stock worth $354,000 after purchasing an additional 169 shares during the last quarter. Ferguson Wellman Capital Management Inc. lifted its stake in Honeywell International by 1.7% during the fourth quarter. Ferguson Wellman Capital Management Inc. now owns 495,917 shares of the conglomerate’s stock worth $103,999,000 after purchasing an additional 8,493 shares during the last quarter. Finally, WINTON GROUP Ltd bought a new stake in Honeywell International during the third quarter worth about $203,000. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Honeywell International news, Director Darius Adamczyk sold 25,500 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $197.19, for a total transaction of $5,028,345.00. Following the transaction, the director now owns 183,400 shares in the company, valued at approximately $36,164,646. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.41% of the company’s stock.

Honeywell International Trading Down 0.7 %

HON traded down $1.37 during midday trading on Wednesday, reaching $194.79. 3,576,760 shares of the company’s stock traded hands, compared to its average volume of 3,007,525. The firm has a fifty day moving average of $198.35 and a two-hundred day moving average of $196.25. The stock has a market capitalization of $126.84 billion, a price-to-earnings ratio of 23.00, a P/E/G ratio of 2.24 and a beta of 1.02. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.27 and a quick ratio of 0.93. Honeywell International Inc. has a 52 week low of $174.88 and a 52 week high of $210.87.

Honeywell International (NASDAQ:HON) last released its quarterly earnings results on Thursday, February 1st. The conglomerate reported $2.60 EPS for the quarter, beating analysts’ consensus estimates of $2.59 by $0.01. The business had revenue of $9.44 billion during the quarter, compared to analyst estimates of $9.70 billion. Honeywell International had a return on equity of 35.17% and a net margin of 15.43%. Honeywell International’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.52 EPS. On average, equities analysts anticipate that Honeywell International Inc. will post 9.94 earnings per share for the current fiscal year.

Honeywell International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were issued a dividend of $1.08 per share. The ex-dividend date was Thursday, February 29th. This represents a $4.32 dividend on an annualized basis and a dividend yield of 2.22%. Honeywell International’s dividend payout ratio (DPR) is 51.00%.

Analyst Ratings Changes

HON has been the subject of several research analyst reports. Royal Bank of Canada dropped their price target on Honeywell International from $210.00 to $209.00 and set a “sector perform” rating for the company in a research note on Friday, February 2nd. Berenberg Bank raised Honeywell International from a “hold” rating to a “buy” rating and boosted their target price for the company from $195.00 to $240.00 in a research note on Wednesday, March 6th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $215.00 target price (down previously from $227.00) on shares of Honeywell International in a research note on Tuesday, April 16th. Finally, Barclays boosted their target price on Honeywell International from $230.00 to $232.00 and gave the company an “overweight” rating in a research note on Tuesday, April 2nd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $219.67.

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.