New Covenant Trust Company N.A. Acquires Shares of 204 Honeywell International Inc. (NASDAQ:HON)

New Covenant Trust Company N.A. purchased a new stake in Honeywell International Inc. (NASDAQ:HON) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 204 shares of the conglomerate’s stock, valued at approximately $42,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. LGT Group Foundation bought a new position in Honeywell International in the 1st quarter valued at about $26,000. Altshuler Shaham Ltd acquired a new stake in Honeywell International in the fourth quarter worth approximately $27,000. Scarborough Advisors LLC bought a new position in Honeywell International during the 4th quarter valued at $27,000. Cordant Inc. acquired a new position in shares of Honeywell International during the 4th quarter valued at $31,000. Finally, Rakuten Securities Inc. bought a new stake in shares of Honeywell International in the 4th quarter worth $31,000. Institutional investors own 75.91% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on HON shares. Citigroup raised their price objective on shares of Honeywell International from $243.00 to $244.00 and gave the company a “buy” rating in a research report on Tuesday, June 4th. UBS Group upgraded shares of Honeywell International from a “sell” rating to a “neutral” rating and lifted their price target for the stock from $175.00 to $215.00 in a research report on Monday, June 10th. Daiwa America upgraded Honeywell International to a “moderate buy” rating in a research report on Wednesday, June 5th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $215.00 price objective (down from $227.00) on shares of Honeywell International in a research note on Tuesday, April 16th. Finally, Wells Fargo & Company reduced their target price on Honeywell International from $220.00 to $215.00 and set an “equal weight” rating for the company in a report on Friday, July 26th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $225.00.

Honeywell International Stock Performance

HON traded down $0.89 on Friday, hitting $203.69. The company had a trading volume of 3,341,839 shares, compared to its average volume of 2,918,498. The stock has a market cap of $132.33 billion, a price-to-earnings ratio of 23.53, a price-to-earnings-growth ratio of 2.33 and a beta of 1.04. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.21 and a quick ratio of 0.91. The company’s fifty day moving average price is $210.01 and its 200 day moving average price is $202.57. Honeywell International Inc. has a 1-year low of $174.88 and a 1-year 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 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%. Honeywell International’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same period in the previous year, the company earned $2.23 earnings per share. Equities analysts predict that Honeywell International Inc. will post 10.14 earnings per share for the current fiscal year.

Honeywell International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 6th. Investors of record on Friday, August 16th will be paid a dividend of $1.08 per share. The ex-dividend date is Friday, August 16th. This represents a $4.32 annualized dividend and a yield of 2.12%. Honeywell International’s payout ratio is 50.06%.

Insider Buying and Selling at Honeywell International

In related news, Director Darius Adamczyk sold 28,500 shares of the company’s stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $203.96, for a total transaction of $5,812,860.00. Following the completion of the transaction, the director now directly owns 203,510 shares in the company, valued at approximately $41,507,899.60. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.41% of the company’s stock.

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.