First Interstate Bank Sells 826 Shares of Honeywell International Inc. (NASDAQ:HON)

First Interstate Bank trimmed its position in Honeywell International Inc. (NASDAQ:HON) by 4.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 17,960 shares of the conglomerate’s stock after selling 826 shares during the quarter. First Interstate Bank’s holdings in Honeywell International were worth $3,766,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Tyche Wealth Partners LLC bought a new stake in shares of Honeywell International during the fourth quarter worth $1,111,000. Arbor Trust Wealth Advisors LLC lifted its holdings in Honeywell International by 18.4% in the fourth quarter. Arbor Trust Wealth Advisors LLC now owns 3,900 shares of the conglomerate’s stock valued at $818,000 after buying an additional 607 shares during the period. Allen Capital Group LLC lifted its holdings in Honeywell International by 17.7% in the fourth quarter. Allen Capital Group LLC now owns 1,371 shares of the conglomerate’s stock valued at $288,000 after buying an additional 206 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Honeywell International by 1.8% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 121,815 shares of the conglomerate’s stock valued at $25,546,000 after buying an additional 2,117 shares during the period. Finally, Octavia Wealth Advisors LLC acquired a new position in Honeywell International in the fourth quarter valued at $322,000. Institutional investors own 75.91% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on HON shares. Barclays boosted their target price on shares of Honeywell International from $230.00 to $232.00 and gave the company an “overweight” rating in a report on Tuesday, April 2nd. Berenberg Bank raised shares of Honeywell International from a “hold” rating to a “buy” rating and lifted their price target for the company from $195.00 to $240.00 in a research note on Wednesday, March 6th. Royal Bank of Canada decreased their price target on shares of Honeywell International from $210.00 to $209.00 and set a “sector perform” rating for the company in a research note on Friday, February 2nd. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $215.00 price target (down from $227.00) on shares of Honeywell International in a research note on Tuesday. Finally, Wells Fargo & Company lifted their price target on shares of Honeywell International from $190.00 to $213.00 and gave the company an “equal weight” rating in a research note on Tuesday, December 19th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, Honeywell International currently has an average rating of “Hold” and a consensus target price of $219.67.

Honeywell International Stock Down 1.7 %

Shares of NASDAQ:HON traded down $3.32 during midday trading on Tuesday, hitting $190.72. 2,801,349 shares of the company’s stock were exchanged, compared to its average volume of 3,026,815. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.27 and a quick ratio of 0.93. The stock has a 50 day moving average price of $198.54 and a 200-day moving average price of $195.82. The company has a market cap of $124.19 billion, a PE ratio of 22.91, a price-to-earnings-growth ratio of 2.24 and a beta of 1.02. Honeywell International Inc. has a 12 month low of $174.88 and a 12 month high of $210.87.

Honeywell International (NASDAQ:HON) last issued its quarterly earnings data on Thursday, February 1st. The conglomerate reported $2.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.59 by $0.01. Honeywell International had a net margin of 15.43% and a return on equity of 35.17%. The business had revenue of $9.44 billion during the quarter, compared to the consensus estimate of $9.70 billion. During the same period in the prior year, the firm posted $2.52 EPS. The firm’s quarterly revenue was up 2.8% compared to the same quarter last year. On average, sell-side analysts anticipate that Honeywell International Inc. will post 9.94 EPS for the current fiscal year.

Honeywell International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were given a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a yield of 2.27%. The ex-dividend date of this dividend was Thursday, February 29th. Honeywell International’s payout ratio is 51.00%.

Insiders Place Their Bets

In other Honeywell International news, Director Darius Adamczyk sold 25,500 shares of the business’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $197.19, for a total value of $5,028,345.00. Following the transaction, the director now directly owns 183,400 shares in the company, valued at $36,164,646. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.41% of the stock is currently owned by insiders.

Honeywell International Profile

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.