Trust Co. of Toledo NA OH Has $4.84 Million Position in Honeywell International Inc. $HON

Trust Co. of Toledo NA OH grew its stake in Honeywell International Inc. (NASDAQ:HON) by 0.3% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 20,767 shares of the conglomerate’s stock after purchasing an additional 65 shares during the period. Trust Co. of Toledo NA OH’s holdings in Honeywell International were worth $4,836,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Nuveen LLC acquired a new stake in shares of Honeywell International during the 1st quarter valued at $1,150,929,000. Wellington Management Group LLP boosted its holdings in shares of Honeywell International by 8.9% during the 1st quarter. Wellington Management Group LLP now owns 15,751,951 shares of the conglomerate’s stock valued at $3,335,476,000 after acquiring an additional 1,293,137 shares in the last quarter. Alliancebernstein L.P. boosted its holdings in shares of Honeywell International by 64.6% during the 1st quarter. Alliancebernstein L.P. now owns 2,652,344 shares of the conglomerate’s stock valued at $561,634,000 after acquiring an additional 1,041,273 shares in the last quarter. Vista Cima Wealth Management LLC acquired a new stake in shares of Honeywell International during the first quarter valued at about $164,000. Finally, OVERSEA CHINESE BANKING Corp Ltd boosted its stake in shares of Honeywell International by 592.0% during the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 867,665 shares of the conglomerate’s stock valued at $183,728,000 after purchasing an additional 742,281 shares in the last quarter. Institutional investors and hedge funds own 75.91% of the company’s stock.

Honeywell International Stock Performance

Shares of HON opened at $200.91 on Friday. Honeywell International Inc. has a one year low of $179.36 and a one year high of $242.77. The company has a market cap of $127.56 billion, a PE ratio of 22.86, a P/E/G ratio of 2.28 and a beta of 1.06. The stock has a 50-day moving average of $214.11 and a 200-day moving average of $217.20. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.29 and a quick ratio of 0.97.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings results on Monday, December 11th. The conglomerate reported $2.25 earnings per share (EPS) for the quarter. The business had revenue of $8.95 billion for the quarter. Honeywell International had a return on equity of 37.37% and a net margin of 14.30%. Honeywell International has set its Q4 2023 guidance at 2.530-2.630 EPS. FY 2023 guidance at 9.100-9.200 EPS. On average, equities research analysts predict that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 5th. Shareholders of record on Friday, November 14th will be paid a dividend of $1.19 per share. This is a boost from Honeywell International’s previous quarterly dividend of $1.13. The ex-dividend date is Friday, November 14th. This represents a $4.76 dividend on an annualized basis and a yield of 2.4%. Honeywell International’s dividend payout ratio (DPR) is presently 51.42%.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Barclays lifted their price target on Honeywell International from $258.00 to $265.00 and gave the company an “overweight” rating in a research note on Wednesday, July 9th. Wells Fargo & Company cut their price target on shares of Honeywell International from $230.00 to $220.00 and set an “equal weight” rating on the stock in a report on Monday, October 6th. Morgan Stanley lifted their price target on shares of Honeywell International from $225.00 to $245.00 and gave the stock an “equal weight” rating in a report on Monday, July 28th. Jefferies Financial Group cut their price target on shares of Honeywell International from $240.00 to $230.00 and set a “hold” rating on the stock in a report on Tuesday. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Honeywell International in a report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $251.80.

Insider Buying and Selling

In other Honeywell International news, CEO Lucian Boldea sold 42,149 shares of the business’s stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $221.58, for a total transaction of $9,339,375.42. Following the completion of the sale, the chief executive officer owned 10,334 shares in the company, valued at approximately $2,289,807.72. The trade was a 80.31% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.20% of the company’s stock.

About Honeywell International

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.