Arvest Trust Co. N A Reduces Position in Honeywell International Inc. (NASDAQ:HON)

Arvest Trust Co. N A trimmed its holdings in Honeywell International Inc. (NASDAQ:HON) by 6.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 65,368 shares of the conglomerate’s stock after selling 4,879 shares during the quarter. Arvest Trust Co. N A’s holdings in Honeywell International were worth $13,959,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of HON. Edgestream Partners L.P. bought a new position in Honeywell International in the 2nd quarter worth about $1,864,000. Excalibur Management Corp boosted its holdings in shares of Honeywell International by 3.9% in the second quarter. Excalibur Management Corp now owns 4,829 shares of the conglomerate’s stock valued at $1,031,000 after purchasing an additional 182 shares during the period. Luts & Greenleigh Group Inc. bought a new position in Honeywell International in the second quarter worth approximately $286,000. Wulff Hansen & CO. increased its holdings in Honeywell International by 2,035.4% during the 2nd quarter. Wulff Hansen & CO. now owns 44,309 shares of the conglomerate’s stock worth $9,462,000 after purchasing an additional 42,234 shares during the period. Finally, Citizens Financial Group Inc. RI raised its position in Honeywell International by 555.3% during the 2nd quarter. Citizens Financial Group Inc. RI now owns 87,211 shares of the conglomerate’s stock valued at $18,623,000 after purchasing an additional 73,902 shares in the last quarter. 75.91% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. UBS Group raised shares of Honeywell International from a “sell” rating to a “neutral” rating and upped their price objective for the stock from $175.00 to $215.00 in a research note on Monday, June 10th. Royal Bank of Canada dropped their price objective on shares of Honeywell International from $218.00 to $214.00 and set a “sector perform” rating on the stock in a research note on Friday, July 26th. Wells Fargo & Company reduced their price objective on shares of 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. StockNews.com cut Honeywell International from a “buy” rating to a “hold” rating in a research report on Friday, August 30th. Finally, Daiwa America raised Honeywell International to a “moderate buy” rating in a research report on Wednesday, June 5th. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $223.13.

Honeywell International Stock Performance

Shares of HON opened at $204.68 on Tuesday. The stock has a fifty day moving average price of $205.34 and a 200-day moving average price of $203.36. The company has a current ratio of 1.21, a quick ratio of 0.91 and a debt-to-equity ratio of 1.19. Honeywell International Inc. has a 12 month low of $174.88 and a 12 month high of $220.79. The firm has a market cap of $133.28 billion, a PE ratio of 23.72, a P/E/G ratio of 2.32 and a beta of 1.03.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings results on Thursday, July 25th. The conglomerate reported $2.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.42 by $0.07. The business had revenue of $9.58 billion during the quarter, compared to analysts’ expectations of $9.41 billion. Honeywell International had a net margin of 15.49% and a return on equity of 36.87%. The business’s quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter last year, the company posted $2.23 earnings per share. Equities research analysts predict that Honeywell International Inc. will post 10.11 earnings per share for the current fiscal year.

Honeywell International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Friday, August 16th were paid a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a yield of 2.11%. The ex-dividend date of this dividend was Friday, August 16th. Honeywell International’s payout ratio is 50.06%.

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.