OLD Point Trust & Financial Services N A Sells 160 Shares of Honeywell International Inc. (NASDAQ:HON)

OLD Point Trust & Financial Services N A lessened its position in Honeywell International Inc. (NASDAQ:HON) by 2.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 5,330 shares of the conglomerate’s stock after selling 160 shares during the period. OLD Point Trust & Financial Services N A’s holdings in Honeywell International were worth $1,204,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of HON. Viawealth LLC boosted its holdings in shares of Honeywell International by 3.9% during the fourth quarter. Viawealth LLC now owns 7,329 shares of the conglomerate’s stock worth $1,656,000 after purchasing an additional 277 shares during the period. iA Global Asset Management Inc. lifted its holdings in Honeywell International by 0.8% in the 4th quarter. iA Global Asset Management Inc. now owns 72,551 shares of the conglomerate’s stock worth $16,389,000 after buying an additional 610 shares during the period. Wilkins Investment Counsel Inc. grew its position in shares of Honeywell International by 18.2% in the 4th quarter. Wilkins Investment Counsel Inc. now owns 2,430 shares of the conglomerate’s stock worth $549,000 after buying an additional 375 shares during the last quarter. Royal London Asset Management Ltd. increased its stake in shares of Honeywell International by 1.3% during the fourth quarter. Royal London Asset Management Ltd. now owns 274,796 shares of the conglomerate’s stock valued at $62,074,000 after buying an additional 3,595 shares during the period. Finally, First Financial Bankshares Inc raised its holdings in shares of Honeywell International by 0.3% during the fourth quarter. First Financial Bankshares Inc now owns 348,630 shares of the conglomerate’s stock valued at $78,752,000 after acquiring an additional 1,022 shares in the last quarter. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on HON shares. Deutsche Bank Aktiengesellschaft upgraded shares of Honeywell International from a “hold” rating to a “buy” rating and lifted their price target for the company from $236.00 to $260.00 in a report on Friday, February 7th. JPMorgan Chase & Co. reduced their price target on shares of Honeywell International from $233.00 to $231.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 15th. Morgan Stanley raised their price objective on shares of Honeywell International from $210.00 to $217.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 11th. Royal Bank of Canada reduced their target price on Honeywell International from $253.00 to $236.00 and set a “sector perform” rating on the stock in a report on Friday, February 7th. Finally, Wells Fargo & Company lowered their target price on Honeywell International from $240.00 to $220.00 and set an “equal weight” rating for the company in a research note on Friday, February 7th. Ten investment analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $249.38.

Honeywell International Price Performance

HON opened at $208.65 on Thursday. The firm has a market cap of $135.61 billion, a PE ratio of 23.96, a P/E/G ratio of 2.51 and a beta of 1.08. The stock has a 50-day moving average price of $214.37 and a 200-day moving average price of $216.56. Honeywell International Inc. has a 1 year low of $189.75 and a 1 year high of $242.77. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.31 and a quick ratio of 1.01.

Honeywell International (NASDAQ:HON) last issued its earnings results on Thursday, February 6th. The conglomerate reported $2.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.37 by $0.10. Honeywell International had a net margin of 14.82% and a return on equity of 35.78%. Sell-side analysts predict that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were paid a dividend of $1.13 per share. The ex-dividend date was Friday, February 28th. This represents a $4.52 annualized dividend and a yield of 2.17%. Honeywell International’s dividend payout ratio is 51.89%.

Insiders Place Their Bets

In related news, VP Anne T. Madden sold 28,885 shares of the stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $207.89, for a total transaction of $6,004,902.65. Following the transaction, the vice president now owns 41,580 shares in the company, valued at $8,644,066.20. This represents a 40.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.41% of the company’s stock.

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.