First National Bank of Mount Dora Trust Investment Services Buys 988 Shares of Honeywell International Inc. (NASDAQ:HON)

First National Bank of Mount Dora Trust Investment Services increased its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 5.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,140 shares of the conglomerate’s stock after buying an additional 988 shares during the quarter. First National Bank of Mount Dora Trust Investment Services’ holdings in Honeywell International were worth $4,053,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Mainstream Capital Management LLC acquired a new stake in Honeywell International during the 4th quarter valued at $25,000. Avalon Trust Co increased its stake in shares of Honeywell International by 166.7% in the 4th quarter. Avalon Trust Co now owns 120 shares of the conglomerate’s stock valued at $27,000 after buying an additional 75 shares during the period. Mpwm Advisory Solutions LLC acquired a new stake in shares of Honeywell International in the 4th quarter valued at $29,000. Accredited Wealth Management LLC acquired a new stake in shares of Honeywell International in the 4th quarter valued at $34,000. Finally, Curio Wealth LLC acquired a new stake in shares of Honeywell International in the 4th quarter valued at $35,000. Institutional investors own 75.91% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on HON. Bank of America raised Honeywell International from a “neutral” rating to a “buy” rating and set a $250.00 target price for the company in a research note on Wednesday, May 7th. Royal Bank of Canada lifted their target price on Honeywell International from $211.00 to $226.00 and gave the company a “sector perform” rating in a research note on Wednesday, April 30th. Mizuho lifted their target price on Honeywell International from $235.00 to $250.00 and gave the company an “outperform” rating in a research note on Friday, May 16th. Barclays lowered their target price on Honeywell International from $247.00 to $243.00 and set an “overweight” rating for the company in a research note on Wednesday, April 30th. Finally, JPMorgan Chase & Co. lifted their target price on Honeywell International from $182.00 to $217.00 and gave the company a “neutral” rating in a research note on Friday, May 16th. Eight analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $248.14.

Honeywell International Stock Performance

HON stock opened at $227.13 on Tuesday. The business’s 50-day moving average price is $210.66 and its two-hundred day moving average price is $216.06. The company has a current ratio of 1.31, a quick ratio of 1.01 and a debt-to-equity ratio of 1.33. The firm has a market cap of $145.97 billion, a PE ratio of 26.08, a P/E/G ratio of 2.51 and a beta of 1.08. Honeywell International Inc. has a 1-year low of $179.36 and a 1-year high of $242.77.

Honeywell International (NASDAQ:HON) last posted its earnings results on Tuesday, April 29th. The conglomerate reported $2.51 earnings per share for the quarter, topping the consensus estimate of $2.21 by $0.30. The firm had revenue of $9.82 billion for the quarter, compared to analyst estimates of $9.59 billion. Honeywell International had a return on equity of 35.78% and a net margin of 14.82%. The company’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same period in the previous year, the company posted $2.25 earnings per share. As a group, research analysts forecast that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Friday, May 16th were issued a $1.13 dividend. The ex-dividend date of this dividend was Friday, May 16th. This represents a $4.52 dividend on an annualized basis and a dividend yield of 1.99%. Honeywell International’s dividend payout ratio (DPR) is 51.95%.

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.