Whittier Trust Co. Cuts Stock Holdings in Honeywell International Inc. (NASDAQ:HON)

Whittier Trust Co. lowered its stake in Honeywell International Inc. (NASDAQ:HON) by 0.5% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 266,056 shares of the conglomerate’s stock after selling 1,307 shares during the period. Honeywell International makes up approximately 0.7% of Whittier Trust Co.’s portfolio, making the stock its 25th biggest holding. Whittier Trust Co.’s holdings in Honeywell International were worth $54,996,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of HON. LGT Group Foundation bought a new position in shares of Honeywell International during the first quarter valued at about $26,000. Richardson Capital Management LLC bought a new position in Honeywell International during the 1st quarter valued at approximately $35,000. Financial Connections Group Inc. purchased a new position in Honeywell International in the 2nd quarter worth about $38,000. Pathway Financial Advisers LLC bought a new stake in shares of Honeywell International during the 1st quarter valued at about $39,000. Finally, New Covenant Trust Company N.A. purchased a new stake in Honeywell International in the 1st quarter worth approximately $42,000. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

Honeywell International Trading Down 0.2 %

HON traded down $0.54 during trading on Monday, reaching $221.48. The company had a trading volume of 2,156,001 shares, compared to its average volume of 2,835,504. The company has a quick ratio of 0.91, a current ratio of 1.21 and a debt-to-equity ratio of 1.19. The business has a 50 day simple moving average of $205.53 and a 200-day simple moving average of $204.83. The stock has a market cap of $144.22 billion, a P/E ratio of 25.61, a PEG ratio of 2.45 and a beta of 1.03. Honeywell International Inc. has a 52 week low of $174.88 and a 52 week high of $222.98.

Honeywell International (NASDAQ:HON) last released its quarterly earnings results on Thursday, July 25th. The conglomerate reported $2.49 EPS for the quarter, topping analysts’ consensus estimates of $2.42 by $0.07. Honeywell International had a net margin of 15.49% and a return on equity of 36.87%. The firm had revenue of $9.58 billion during the quarter, compared to analysts’ expectations of $9.41 billion. During the same period in the previous year, the company earned $2.23 EPS. The firm’s revenue for the quarter was up 4.7% compared to the same quarter last year. On average, equities analysts anticipate 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. This represents a $4.52 annualized dividend and a yield of 2.04%. This is a positive change from Honeywell International’s previous quarterly dividend of $1.08. The ex-dividend date of this dividend is Friday, November 15th. Honeywell International’s dividend payout ratio is presently 52.38%.

Analyst Ratings Changes

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

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.