CNB Bank Boosts Holdings in Honeywell International Inc. (NASDAQ:HON)

CNB Bank lifted its stake in Honeywell International Inc. (NASDAQ:HONGet Rating) by 7.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,681 shares of the conglomerate’s stock after purchasing an additional 245 shares during the period. CNB Bank’s holdings in Honeywell International were worth $716,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the company. CMH Wealth Management LLC lifted its position in Honeywell International by 6.8% during the 1st quarter. CMH Wealth Management LLC now owns 24,760 shares of the conglomerate’s stock valued at $4,818,000 after acquiring an additional 1,573 shares during the period. Baldwin Brothers LLC MA lifted its position in Honeywell International by 4.7% during the 1st quarter. Baldwin Brothers LLC MA now owns 54,521 shares of the conglomerate’s stock valued at $10,609,000 after acquiring an additional 2,465 shares during the period. Coastal Investment Advisors Inc. lifted its position in Honeywell International by 9.5% during the 1st quarter. Coastal Investment Advisors Inc. now owns 1,868 shares of the conglomerate’s stock valued at $363,000 after acquiring an additional 162 shares during the period. Flagship Harbor Advisors LLC lifted its position in Honeywell International by 4.2% during the 1st quarter. Flagship Harbor Advisors LLC now owns 8,948 shares of the conglomerate’s stock valued at $1,741,000 after acquiring an additional 357 shares during the period. Finally, Webster Bank N. A. lifted its position in Honeywell International by 161.4% during the 1st quarter. Webster Bank N. A. now owns 13,628 shares of the conglomerate’s stock valued at $2,652,000 after acquiring an additional 8,414 shares during the period. 74.27% of the stock is owned by hedge funds and other institutional investors.

Shares of HON stock opened at $177.73 on Thursday. The company has a 50 day moving average price of $191.34 and a 200-day moving average price of $193.98. Honeywell International Inc. has a 52 week low of $174.42 and a 52 week high of $236.86. The firm has a market capitalization of $120.99 billion, a PE ratio of 23.60, a P/E/G ratio of 2.16 and a beta of 1.05. The company has a quick ratio of 0.94, a current ratio of 1.21 and a debt-to-equity ratio of 0.66.

Honeywell International (NASDAQ:HONGet Rating) last announced its earnings results on Friday, April 29th. The conglomerate reported $1.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.86 by $0.05. The company had revenue of $8.38 billion during the quarter, compared to analyst estimates of $8.29 billion. Honeywell International had a net margin of 15.30% and a return on equity of 30.04%. The firm’s quarterly revenue was down .9% compared to the same quarter last year. During the same period in the previous year, the business posted $1.92 earnings per share. Analysts anticipate that Honeywell International Inc. will post 8.68 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, June 3rd. Investors of record on Friday, May 13th were given a dividend of $0.98 per share. The ex-dividend date was Thursday, May 12th. This represents a $3.92 annualized dividend and a yield of 2.21%. Honeywell International’s dividend payout ratio (DPR) is 52.06%.

In related news, CEO Darius Adamczyk sold 40,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 10th. The shares were sold at an average price of $194.52, for a total transaction of $7,780,800.00. Following the completion of the sale, the chief executive officer now directly owns 165,015 shares in the company, valued at $32,098,717.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.45% of the company’s stock.

HON has been the subject of a number of recent research reports. StockNews.com assumed coverage on shares of Honeywell International in a research report on Thursday, March 31st. They set a “hold” rating for the company. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Honeywell International from $243.00 to $230.00 and set a “buy” rating for the company in a report on Thursday, April 14th. TheStreet cut shares of Honeywell International from a “b” rating to a “c+” rating in a report on Friday, April 29th. Wells Fargo & Company lifted their target price on shares of Honeywell International from $196.00 to $203.00 in a report on Monday, May 2nd. Finally, Morgan Stanley decreased their target price on shares of Honeywell International from $216.00 to $194.00 and set an “equal weight” rating for the company in a report on Tuesday, May 31st. Seven analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, Honeywell International has a consensus rating of “Hold” and an average target price of $227.69.

Honeywell International Profile (Get Rating)

Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. Its 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; thermal systems, as well as wireless connectivity and management services.

Further Reading

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Institutional Ownership by Quarter for Honeywell International (NASDAQ:HON)

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