Hemenway Trust Co LLC Trims Stock Holdings in Honeywell International Inc. (NASDAQ:HON)

Hemenway Trust Co LLC reduced its position in Honeywell International Inc. (NASDAQ:HON) by 2.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 17,774 shares of the conglomerate’s stock after selling 487 shares during the quarter. Hemenway Trust Co LLC’s holdings in Honeywell International were worth $3,764,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of HON. Vanguard Group Inc. raised its stake in Honeywell International by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 61,761,711 shares of the conglomerate’s stock valued at $13,951,353,000 after acquiring an additional 380,299 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Honeywell International by 4.4% during the fourth quarter. Geode Capital Management LLC now owns 14,988,152 shares of the conglomerate’s stock worth $3,379,568,000 after purchasing an additional 627,422 shares during the last quarter. Capital World Investors purchased a new stake in shares of Honeywell International during the fourth quarter worth approximately $1,594,216,000. Bank of New York Mellon Corp lifted its holdings in shares of Honeywell International by 10.3% during the fourth quarter. Bank of New York Mellon Corp now owns 6,763,764 shares of the conglomerate’s stock worth $1,527,867,000 after purchasing an additional 631,761 shares during the period. Finally, Capital Research Global Investors grew its position in Honeywell International by 5.5% in the 4th 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 last quarter. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently commented on HON shares. Wells Fargo & Company raised their target price on shares of Honeywell International from $205.00 to $225.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 30th. JPMorgan Chase & Co. increased their price target on shares of Honeywell International from $182.00 to $217.00 and gave the stock a “neutral” rating in a report on Friday, May 16th. Mizuho lifted their price objective on Honeywell International from $235.00 to $250.00 and gave the company an “outperform” rating in a report on Friday, May 16th. 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. Finally, Royal Bank Of Canada raised their price target on Honeywell International from $211.00 to $226.00 and gave the company a “sector perform” rating in a report on Wednesday, April 30th. Eight analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $248.14.

Honeywell International Stock Performance

Shares of HON stock opened at $221.79 on Wednesday. The stock has a fifty day moving average price of $214.63 and a 200 day moving average price of $215.92. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.95 and a current ratio of 1.25. The stock has a market cap of $142.54 billion, a PE ratio of 25.49, a P/E/G ratio of 2.61 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 released its quarterly earnings results on Tuesday, April 29th. The conglomerate reported $2.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.21 by $0.30. The business had revenue of $9.82 billion during the quarter, compared to the consensus estimate of $9.59 billion. Honeywell International had a return on equity of 36.19% and a net margin of 14.51%. The business’s revenue was up 7.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.25 EPS. Sell-side analysts forecast that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Friday, May 16th were paid a dividend of $1.13 per share. The ex-dividend date was Friday, May 16th. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.04%. 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.