Grove Bank & Trust Has $961,000 Stock Position in Honeywell International Inc. (NASDAQ:HON)

Grove Bank & Trust lifted its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 16.1% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,537 shares of the conglomerate’s stock after buying an additional 628 shares during the period. Grove Bank & Trust’s holdings in Honeywell International were worth $961,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of HON. Vanguard Group Inc. increased its holdings in Honeywell International by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 61,761,711 shares of the conglomerate’s stock valued at $13,951,353,000 after purchasing an additional 380,299 shares during the period. Geode Capital Management LLC increased its stake in shares of Honeywell International by 4.4% in the fourth quarter. Geode Capital Management LLC now owns 14,988,152 shares of the conglomerate’s stock valued at $3,379,568,000 after buying an additional 627,422 shares during the period. Capital World Investors acquired a new stake in shares of Honeywell International in the fourth quarter valued at about $1,594,216,000. Bank of New York Mellon Corp increased its stake in shares of Honeywell International by 10.3% in the fourth quarter. Bank of New York Mellon Corp now owns 6,763,764 shares of the conglomerate’s stock valued at $1,527,867,000 after buying an additional 631,761 shares during the period. Finally, Capital Research Global Investors increased its stake in shares of Honeywell International by 5.5% in the fourth quarter. Capital Research Global Investors now owns 6,641,017 shares of the conglomerate’s stock valued at $1,500,141,000 after buying an additional 346,190 shares during the period. Institutional investors and hedge funds own 75.91% of the company’s stock.

Honeywell International Trading Down 0.1%

NASDAQ:HON opened at $224.09 on Tuesday. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.31 and a quick ratio of 1.01. The firm has a 50-day moving average of $214.18 and a 200-day moving average of $215.88. The company has a market cap of $144.02 billion, a PE ratio of 25.73, a PEG ratio of 2.51 and a beta of 1.08. Honeywell International Inc. has a one year low of $179.36 and a one year high of $242.77.

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

Honeywell International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 16th were given a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a yield of 2.02%. The ex-dividend date was Friday, May 16th. Honeywell International’s payout ratio is 51.95%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on HON. Royal Bank of Canada increased their price target 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 increased their price target on Honeywell International from $235.00 to $250.00 and gave the company an “outperform” rating in a research note on Friday, May 16th. JPMorgan Chase & Co. raised their target price on Honeywell International from $182.00 to $217.00 and gave the stock a “neutral” rating in a research note on Friday, May 16th. Bank of America raised Honeywell International from a “neutral” rating to a “buy” rating and set a $250.00 price target on the stock in a research note on Wednesday, May 7th. Finally, Barclays cut their price target on Honeywell International from $247.00 to $243.00 and set an “overweight” rating on the stock in a report on Wednesday, April 30th. Eight analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $248.14.

Honeywell International Company 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.