First National Bank of Mount Dora Trust Investment Services grew its holdings in shares of Honeywell International Inc. (NYSE:HON) by 51.2% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 32,229 shares of the conglomerate’s stock after buying an additional 10,916 shares during the period. Honeywell International accounts for approximately 2.4% of First National Bank of Mount Dora Trust Investment Services’ holdings, making the stock its 7th biggest position. First National Bank of Mount Dora Trust Investment Services’ holdings in Honeywell International were worth $6,996,000 at the end of the most recent quarter.
Several other large investors have also added to or reduced their stakes in the company. Canton Hathaway LLC purchased a new position in Honeywell International in the 4th quarter worth approximately $26,000. Catalyst Private Wealth LLC bought a new stake in shares of Honeywell International in the 3rd quarter worth $29,000. Curi Capital purchased a new position in shares of Honeywell International in the fourth quarter worth $29,000. Chiron Capital Management LLC bought a new position in shares of Honeywell International during the third quarter valued at $33,000. Finally, Hoover Financial Advisors Inc. purchased a new stake in shares of Honeywell International during the fourth quarter valued at $33,000. 75.97% of the stock is currently owned by hedge funds and other institutional investors.
Shares of HON stock traded down $1.80 during trading hours on Thursday, reaching $216.70. 6,182 shares of the company traded hands, compared to its average volume of 2,807,698. The firm has a 50-day moving average price of $210.69 and a 200 day moving average price of $198.48. The company has a market cap of $150.72 billion, a P/E ratio of 31.35, a P/E/G ratio of 3.41 and a beta of 1.13. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.64 and a quick ratio of 1.37. Honeywell International Inc. has a 12-month low of $117.11 and a 12-month high of $221.05.
The company also recently announced a quarterly dividend, which was paid on Friday, March 12th. Investors of record on Friday, February 26th were issued a $0.93 dividend. This represents a $3.72 annualized dividend and a yield of 1.72%. The ex-dividend date was Thursday, February 25th. Honeywell International’s dividend payout ratio is currently 45.59%.
Several equities analysts have issued reports on the stock. Credit Suisse Group upped their target price on shares of Honeywell International from $222.00 to $224.00 and gave the company an “outperform” rating in a research note on Thursday, April 1st. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Honeywell International from $212.00 to $222.00 and gave the company a “hold” rating in a report on Monday, February 1st. Royal Bank of Canada raised their target price on shares of Honeywell International from $194.00 to $199.00 and gave the stock a “sector perform” rating in a report on Monday, February 1st. Barclays boosted their target price on shares of Honeywell International from $225.00 to $230.00 and gave the company an “overweight” rating in a research note on Tuesday. Finally, UBS Group raised their price target on Honeywell International from $180.00 to $216.00 and gave the stock a “neutral” rating in a research note on Friday, January 15th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $203.87.
Honeywell International 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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