Honeywell International Inc. (NASDAQ:HON) Shares Sold by Bank of Jackson Hole Trust
Bank of Jackson Hole Trust reduced its stake in Honeywell International Inc. (NASDAQ:HON) by 34.4% in Q1, now holding 4,290 shares valued at $913,000. Other institutional investors have also adjusted their positions. Honeywell's stock opened at $222.35, with a market cap of $141.17 billion. The company reported Q2 earnings of $2.75 EPS, exceeding estimates, and announced a quarterly dividend of $1.13 per share. Analysts have varied ratings and price targets for Honeywell shares, reflecting mixed market sentiment.
Bank of Jackson Hole Trust reduced its position in Honeywell International Inc. (NASDAQ:HON - Free Report) by 34.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,290 shares of the conglomerate's stock after selling 2,245 shares during the period. Bank of Jackson Hole Trust's holdings in Honeywell International were worth $913,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
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Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Capital World Investors purchased a new stake in shares of Honeywell International during the fourth quarter worth $1,594,216,000. Capital Research Global Investors grew its holdings in shares of Honeywell International by 5.5% during the fourth quarter. Capital Research Global Investors now owns 6,641,017 shares of the conglomerate's stock worth $1,500,141,000 after buying an additional 346,190 shares in the last quarter. Northern Trust Corp grew its holdings in shares of Honeywell International by 5.7% during the fourth quarter. Northern Trust Corp now owns 6,253,570 shares of the conglomerate's stock worth $1,412,619,000 after buying an additional 337,199 shares in the last quarter. Invesco Ltd. grew its holdings in shares of Honeywell International by 5.2% during the fourth quarter. Invesco Ltd. now owns 5,285,417 shares of the conglomerate's stock worth $1,193,923,000 after buying an additional 263,188 shares in the last quarter. Finally, Capital International Investors grew its holdings in shares of Honeywell International by 8.3% during the fourth quarter. Capital International Investors now owns 2,230,845 shares of the conglomerate's stock worth $503,966,000 after buying an additional 170,270 shares in the last quarter. Hedge funds and other institutional investors own 75.91% of the company's stock.
Honeywell International Stock Up 0.1%
Shares of HON opened at $222.35 on Friday. The stock has a market capitalization of $141.17 billion, a PE ratio of 25.30, a P/E/G ratio of 2.51 and a beta of 1.07. Honeywell International Inc. has a 1 year low of $179.36 and a 1 year high of $242.77. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.97 and a current ratio of 1.29. The company's 50-day simple moving average is $229.33 and its 200-day simple moving average is $217.08.
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Honeywell International (NASDAQ:HON - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The conglomerate reported $2.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.66 by $0.09. The business had revenue of $10.35 billion for the quarter, compared to analysts' expectations of $10.01 billion. Honeywell International had a net margin of 14.30% and a return on equity of 37.37%. The business's quarterly revenue was up 8.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.49 earnings per share. Analysts forecast that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.
Honeywell International Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, September 5th. Investors of record on Friday, August 15th will be paid a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date is Friday, August 15th. Honeywell International's dividend payout ratio is presently 51.42%.
Analyst Upgrades and Downgrades
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A number of equities research analysts have recently issued reports on HON shares. Royal Bank Of Canada dropped their target price on shares of Honeywell International from $254.00 to $253.00 and set a "sector perform" rating for the company in a report on Friday, July 25th. Wall Street Zen raised shares of Honeywell International from a "hold" rating to a "buy" rating in a research report on Thursday, May 15th. Morgan Stanley boosted their price target on shares of Honeywell International from $225.00 to $245.00 and gave the company an "equal weight" rating in a research report on Monday. Bank of America raised shares of Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 price target on the stock in a research report on Wednesday, May 7th. Finally, Mizuho boosted their price target on shares of Honeywell International from $235.00 to $250.00 and gave the company an "outperform" rating in a research report on Friday, May 16th. Eight equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Honeywell International presently has an average rating of "Moderate Buy" and a consensus price target of $254.00.
Read Our Latest Stock Analysis on HON
Honeywell International Profile
(Free Report)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.
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