Honeywell International Inc. (NASDAQ:HON) Shares Acquired by Argent Trust Co

Argent Trust Co increased its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 0.3% in the second quarter, Holdings Channel reports. The firm owned 98,487 shares of the conglomerate’s stock after buying an additional 335 shares during the quarter. Honeywell International accounts for 0.9% of Argent Trust Co’s investment portfolio, making the stock its 25th biggest holding. Argent Trust Co’s holdings in Honeywell International were worth $21,031,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. LGT Group Foundation purchased a new stake in shares of Honeywell International during the first quarter worth approximately $26,000. Scarborough Advisors LLC acquired a new position in Honeywell International in the 4th quarter valued at $27,000. Richardson Capital Management LLC purchased a new position in Honeywell International during the 1st quarter worth $35,000. Financial Connections Group Inc. acquired a new stake in shares of Honeywell International in the 2nd quarter worth $38,000. Finally, Pathway Financial Advisers LLC purchased a new stake in shares of Honeywell International in the first quarter valued at about $39,000. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Honeywell International Trading Down 0.2 %

NASDAQ:HON opened at $204.24 on Wednesday. The company has a market capitalization of $133.00 billion, a PE ratio of 23.67, a price-to-earnings-growth ratio of 2.32 and a beta of 1.03. Honeywell International Inc. has a 52-week low of $174.88 and a 52-week high of $220.79. The stock has a fifty day simple moving average of $205.22 and a 200-day simple moving average of $203.40. The company has a quick ratio of 0.91, a current ratio of 1.21 and a debt-to-equity ratio of 1.19.

Honeywell International (NASDAQ:HON) last announced its earnings results on Thursday, July 25th. The conglomerate reported $2.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.42 by $0.07. The company had revenue of $9.58 billion during the quarter, compared to analysts’ expectations of $9.41 billion. Honeywell International had a net margin of 15.49% and a return on equity of 36.87%. The firm’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.23 earnings per share. On average, equities research analysts expect that Honeywell International Inc. will post 10.11 earnings per share for the current fiscal year.

Honeywell International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Friday, August 16th were issued a dividend of $1.08 per share. This represents a $4.32 dividend on an annualized basis and a yield of 2.12%. The ex-dividend date of this dividend was Friday, August 16th. Honeywell International’s dividend payout ratio (DPR) is presently 50.06%.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Daiwa America raised shares of Honeywell International to a “moderate buy” rating in a report on Wednesday, June 5th. StockNews.com cut Honeywell International from a “buy” rating to a “hold” rating in a report on Friday, August 30th. Morgan Stanley started coverage on Honeywell International in a report on Friday, September 6th. They set an “equal weight” rating and a $210.00 price objective on the stock. UBS Group raised Honeywell International from a “sell” rating to a “neutral” rating and raised their target price for the company from $175.00 to $215.00 in a report on Monday, June 10th. Finally, Wells Fargo & Company lowered their price target on shares of Honeywell International from $220.00 to $215.00 and set an “equal weight” rating on the stock in a research note on Friday, July 26th. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, Honeywell International currently has an average rating of “Hold” and an average target price of $223.13.

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.