First United Bank & Trust Has $2.46 Million Holdings in Honeywell International Inc. (NASDAQ:HON)

First United Bank & Trust cut its holdings in Honeywell International Inc. (NASDAQ:HON) by 2.2% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 11,914 shares of the conglomerate’s stock after selling 273 shares during the quarter. First United Bank & Trust’s holdings in Honeywell International were worth $2,463,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. LGT Group Foundation acquired a new position in shares of Honeywell International during the first quarter worth approximately $26,000. Scarborough Advisors LLC bought a new stake in Honeywell International during the fourth quarter worth $27,000. Richardson Capital Management LLC bought a new stake in Honeywell International during the first quarter worth $35,000. Financial Connections Group Inc. bought a new stake in Honeywell International during the second quarter worth $38,000. Finally, Pathway Financial Advisers LLC bought a new stake in Honeywell International during the first quarter worth $39,000. 75.91% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

HON has been the subject of several recent research reports. JPMorgan Chase & Co. downgraded Honeywell International from an “overweight” rating to a “neutral” rating and upped their price target for the stock from $225.00 to $235.00 in a report on Thursday, October 10th. Wells Fargo & Company reduced their price objective on Honeywell International from $215.00 to $207.00 and set an “equal weight” rating for the company in a research note on Monday, October 7th. Morgan Stanley assumed coverage on Honeywell International in a research note on Friday, September 6th. They issued an “equal weight” rating and a $210.00 price objective for the company. Royal Bank of Canada restated a “sector perform” rating and issued a $214.00 price objective on shares of Honeywell International in a research note on Thursday, September 26th. Finally, StockNews.com downgraded Honeywell International from a “buy” rating to a “hold” rating in a research note on Friday, August 30th. Seven analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Honeywell International has a consensus rating of “Hold” and a consensus target price of $223.56.

Honeywell International Stock Performance

Shares of HON opened at $217.27 on Wednesday. The stock’s 50-day simple moving average is $204.24 and its 200 day simple moving average is $204.41. The stock has a market capitalization of $141.48 billion, a price-to-earnings ratio of 25.18, a price-to-earnings-growth ratio of 2.45 and a beta of 1.03. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.91 and a current ratio of 1.21. Honeywell International Inc. has a 52-week low of $174.88 and a 52-week high of $220.79.

Honeywell International (NASDAQ:HON) last issued its quarterly earnings data 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 for the quarter, compared to analysts’ expectations of $9.41 billion. Honeywell International had a return on equity of 36.87% and a net margin of 15.49%. The firm’s quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.23 EPS. Research analysts forecast that Honeywell International Inc. will post 10.1 EPS for the current fiscal year.

Honeywell International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be issued a $1.13 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $4.52 annualized dividend and a dividend yield of 2.08%. This is a boost from Honeywell International’s previous quarterly dividend of $1.08. Honeywell International’s dividend payout ratio (DPR) is presently 52.38%.

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.