Trust Co. of Toledo NA OH increased its position in shares of Honeywell International Inc. (NYSE:HON) by 2.8% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 17,291 shares of the conglomerate’s stock after acquiring an additional 474 shares during the quarter. Trust Co. of Toledo NA OH’s holdings in Honeywell International were worth $3,753,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in HON. United Bank boosted its position in Honeywell International by 7.0% during the third quarter. United Bank now owns 7,230 shares of the conglomerate’s stock worth $1,190,000 after acquiring an additional 473 shares during the last quarter. Lombard Odier Asset Management Switzerland SA acquired a new position in shares of Honeywell International in the 3rd quarter valued at $605,000. Financial Advisory Service Inc. acquired a new position in shares of Honeywell International in the 3rd quarter valued at $219,000. Cribstone Capital Management LLC boosted its holdings in shares of Honeywell International by 589.3% in the 3rd quarter. Cribstone Capital Management LLC now owns 2,757 shares of the conglomerate’s stock valued at $454,000 after purchasing an additional 2,357 shares during the last quarter. Finally, Global Trust Asset Management LLC boosted its holdings in shares of Honeywell International by 85.0% in the 3rd quarter. Global Trust Asset Management LLC now owns 2,503 shares of the conglomerate’s stock valued at $410,000 after purchasing an additional 1,150 shares during the last quarter. Hedge funds and other institutional investors own 75.97% of the company’s stock.
HON has been the subject of a number of research reports. Credit Suisse Group boosted their target price on Honeywell International from $222.00 to $224.00 and gave the stock an “outperform” rating in a report on Thursday, April 1st. Barclays upped their price target on Honeywell International from $225.00 to $230.00 and gave the stock an “overweight” rating in a report on Tuesday. Deutsche Bank Aktiengesellschaft upped their price target on Honeywell International from $212.00 to $222.00 and gave the stock a “hold” rating in a report on Monday, February 1st. Royal Bank of Canada upped their target price on Honeywell International from $194.00 to $199.00 and gave the company a “sector perform” rating in a research report on Monday, February 1st. Finally, Morgan Stanley upped their target price on Honeywell International from $220.00 to $230.00 and gave the company an “equal weight” rating in a research report on Monday, March 29th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $203.87.
Honeywell International (NYSE:HON) last released its quarterly earnings results on Thursday, January 28th. The conglomerate reported $2.07 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.00 by $0.07. Honeywell International had a return on equity of 27.69% and a net margin of 14.99%. The company had revenue of $8.90 billion during the quarter, compared to analysts’ expectations of $8.39 billion. During the same quarter in the prior year, the business posted $2.06 earnings per share. The company’s revenue for the quarter was down 6.3% compared to the same quarter last year. As a group, equities research analysts expect that Honeywell International Inc. will post 7.03 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, March 12th. Stockholders of record on Friday, February 26th were paid a $0.93 dividend. The ex-dividend date was Thursday, February 25th. This represents a $3.72 annualized dividend and a dividend yield of 1.70%. Honeywell International’s payout ratio is 45.59%.
Honeywell International Company Profile
Honeywell International, Inc is a software industrial company, which offers industry specific solutions to aerospace and automotive products and services. It specializes in turbochargers control, sensing and security technologies for buildings and homes; specialty chemicals; electronic and advanced materials; process technology for refining and petrochemicals; and energy efficient products and solutions for homes, business and transportation.
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