Arvest Trust Co. N A Trims Stock Position in Honeywell International Inc. (NASDAQ:HON)

Arvest Trust Co. N A decreased its stake in Honeywell International Inc. (NASDAQ:HON) by 6.9% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 65,368 shares of the conglomerate’s stock after selling 4,879 shares during the quarter. Arvest Trust Co. N A’s holdings in Honeywell International were worth $13,959,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Connectus Wealth LLC grew its stake in shares of Honeywell International by 2.2% during the 4th quarter. Connectus Wealth LLC now owns 224,661 shares of the conglomerate’s stock worth $47,128,000 after purchasing an additional 4,789 shares during the period. Sanibel Captiva Trust Company Inc. purchased a new position in Honeywell International in the fourth quarter valued at $27,230,000. Trilogy Capital Inc. raised its position in shares of Honeywell International by 125.7% in the first quarter. Trilogy Capital Inc. now owns 2,422 shares of the conglomerate’s stock worth $497,000 after acquiring an additional 1,349 shares during the period. Jupiter Asset Management Ltd. purchased a new stake in shares of Honeywell International during the 1st quarter worth about $1,398,000. Finally, Lloyd Advisory Services LLC. acquired a new stake in shares of Honeywell International during the 1st quarter valued at about $1,110,000. 75.91% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. Morgan Stanley began coverage on Honeywell International in a report on Friday, September 6th. They issued an “equal weight” rating and a $210.00 price target for the company. Citigroup increased their target price on Honeywell International from $243.00 to $244.00 and gave the company a “buy” rating in a research report on Tuesday, June 4th. StockNews.com lowered shares of Honeywell International from a “buy” rating to a “hold” rating in a report on Friday, August 30th. Wells Fargo & Company decreased their price objective on shares of Honeywell International from $220.00 to $215.00 and set an “equal weight” rating on the stock in a report on Friday, July 26th. Finally, UBS Group raised shares of Honeywell International from a “sell” rating to a “neutral” rating and boosted their target price for the stock from $175.00 to $215.00 in a research note on Monday, June 10th. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $223.13.

Honeywell International Price Performance

Honeywell International stock opened at $204.68 on Tuesday. The company has a fifty day simple moving average of $205.34 and a 200-day simple moving average of $203.36. The firm has a market capitalization of $133.28 billion, a price-to-earnings ratio of 23.72, a PEG ratio of 2.32 and a beta of 1.03. The company has a quick ratio of 0.91, a current ratio of 1.21 and a debt-to-equity ratio of 1.19. Honeywell International Inc. has a 52-week low of $174.88 and a 52-week high of $220.79.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings data on Thursday, July 25th. The conglomerate reported $2.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.42 by $0.07. Honeywell International had a net margin of 15.49% and a return on equity of 36.87%. The company had revenue of $9.58 billion during the quarter, compared to analysts’ expectations of $9.41 billion. During the same quarter in the prior year, the company earned $2.23 EPS. Honeywell International’s revenue was up 4.7% compared to the same quarter last year. On average, equities analysts anticipate that Honeywell International Inc. will post 10.11 EPS for the current fiscal year.

Honeywell International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Friday, August 16th were given a dividend of $1.08 per share. The ex-dividend date of this dividend was Friday, August 16th. This represents a $4.32 dividend on an annualized basis and a yield of 2.11%. Honeywell International’s payout ratio is 50.06%.

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.