Home Federal Bank of Tennessee Acquires 110 Shares of Honeywell International Inc. (NASDAQ:HON)

Home Federal Bank of Tennessee raised its holdings in Honeywell International Inc. (NASDAQ:HONGet Rating) by 0.7% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 16,950 shares of the conglomerate’s stock after purchasing an additional 110 shares during the period. Honeywell International makes up about 1.1% of Home Federal Bank of Tennessee’s portfolio, making the stock its 13th largest holding. Home Federal Bank of Tennessee’s holdings in Honeywell International were worth $2,946,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Sigma Investment Counselors Inc. increased its holdings in Honeywell International by 42.8% during the second quarter. Sigma Investment Counselors Inc. now owns 1,831 shares of the conglomerate’s stock worth $318,000 after buying an additional 549 shares during the last quarter. HB Wealth Management LLC increased its position in Honeywell International by 14.2% during the 2nd quarter. HB Wealth Management LLC now owns 63,839 shares of the conglomerate’s stock valued at $11,096,000 after purchasing an additional 7,923 shares during the period. Gilman Hill Asset Management LLC boosted its stake in Honeywell International by 14.1% in the 2nd quarter. Gilman Hill Asset Management LLC now owns 1,216 shares of the conglomerate’s stock worth $211,000 after purchasing an additional 150 shares in the last quarter. Ritholtz Wealth Management lifted its stake in Honeywell International by 29.8% during the 2nd quarter. Ritholtz Wealth Management now owns 6,433 shares of the conglomerate’s stock valued at $1,118,000 after acquiring an additional 1,477 shares during the period. Finally, Capital City Trust Co. FL increased its position in shares of Honeywell International by 8.8% during the 2nd quarter. Capital City Trust Co. FL now owns 2,044 shares of the conglomerate’s stock valued at $356,000 after purchasing an additional 165 shares during the last quarter. Institutional investors own 74.74% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Mizuho lowered their price target on Honeywell International from $235.00 to $225.00 and set a “buy” rating for the company in a research report on Monday, July 18th. Barclays lifted their price target on Honeywell International from $204.00 to $210.00 in a research report on Friday, July 29th. Wells Fargo & Company boosted their price target on Honeywell International from $180.00 to $183.00 and gave the stock an “equal weight” rating in a research report on Monday, August 1st. Deutsche Bank Aktiengesellschaft decreased their price target on Honeywell International from $230.00 to $211.00 and set a “buy” rating on the stock in a research note on Wednesday, July 13th. Finally, Bank of America upgraded Honeywell International from a “neutral” rating to a “buy” rating and set a $210.00 price target on the stock in a report on Monday, July 11th. Five analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $210.08.

Insider Buying and Selling at Honeywell International

In other news, CFO Gregory P. Lewis sold 5,011 shares of Honeywell International stock in a transaction dated Thursday, July 28th. The shares were sold at an average price of $190.00, for a total value of $952,090.00. Following the completion of the transaction, the chief financial officer now owns 43,625 shares of the company’s stock, valued at approximately $8,288,750. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.45% of the company’s stock.

Honeywell International Price Performance

Shares of HON traded down $2.36 during mid-day trading on Friday, hitting $170.89. 98,251 shares of the company traded hands, compared to its average volume of 2,878,215. Honeywell International Inc. has a one year low of $167.35 and a one year high of $228.26. The stock has a market capitalization of $115.13 billion, a price-to-earnings ratio of 23.64, a PEG ratio of 2.10 and a beta of 1.06. The company has a current ratio of 1.20, a quick ratio of 0.92 and a debt-to-equity ratio of 0.69. The business has a 50-day moving average of $191.18 and a 200 day moving average of $188.65.

Honeywell International (NASDAQ:HONGet Rating) last posted its earnings results on Thursday, July 28th. The conglomerate reported $2.10 earnings per share for the quarter, topping the consensus estimate of $2.03 by $0.07. The company had revenue of $8.95 billion for the quarter, compared to analyst estimates of $8.67 billion. Honeywell International had a net margin of 14.74% and a return on equity of 30.17%. The business’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same period last year, the business posted $2.02 earnings per share. As a group, equities analysts expect that Honeywell International Inc. will post 8.68 earnings per share for the current fiscal year.

Honeywell International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 2nd. Shareholders of record on Friday, August 12th were paid a $0.98 dividend. The ex-dividend date was Thursday, August 11th. This represents a $3.92 annualized dividend and a yield of 2.29%. Honeywell International’s payout ratio is currently 53.48%.

About Honeywell International

(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.

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

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