Farmers National Bank Has $7.56 Million Holdings in Honeywell International Inc. $HON

Farmers National Bank boosted its stake in Honeywell International Inc. (NASDAQ:HON) by 0.9% in the second quarter, HoldingsChannel.com reports. The firm owned 32,465 shares of the conglomerate’s stock after buying an additional 280 shares during the period. Honeywell International accounts for about 2.0% of Farmers National Bank’s investment portfolio, making the stock its 11th largest holding. Farmers National Bank’s holdings in Honeywell International were worth $7,560,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Brighton Jones LLC increased its position in Honeywell International by 9.1% during the 4th quarter. Brighton Jones LLC now owns 19,047 shares of the conglomerate’s stock valued at $4,302,000 after purchasing an additional 1,582 shares during the period. Assetmark Inc. boosted its stake in shares of Honeywell International by 60.2% in the 1st quarter. Assetmark Inc. now owns 22,492 shares of the conglomerate’s stock valued at $4,763,000 after purchasing an additional 8,455 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Honeywell International by 5.2% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 149,220 shares of the conglomerate’s stock worth $31,597,000 after buying an additional 7,314 shares during the period. Texas Yale Capital Corp. raised its stake in Honeywell International by 2.2% during the first quarter. Texas Yale Capital Corp. now owns 2,297 shares of the conglomerate’s stock worth $486,000 after buying an additional 50 shares during the last quarter. Finally, LPL Financial LLC boosted its position in Honeywell International by 12.6% during the first quarter. LPL Financial LLC now owns 817,104 shares of the conglomerate’s stock valued at $173,022,000 after acquiring an additional 91,241 shares during the last quarter. 75.91% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CEO Lucian Boldea sold 42,149 shares of the company’s stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $221.58, for a total value of $9,339,375.42. Following the completion of the transaction, the chief executive officer directly owned 10,334 shares of the company’s stock, valued at $2,289,807.72. This represents a 80.31% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 0.20% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Weiss Ratings reissued a “hold (c+)” rating on shares of Honeywell International in a research note on Wednesday, November 19th. JPMorgan Chase & Co. boosted their price target on Honeywell International from $212.00 to $218.00 and gave the company a “neutral” rating in a research note on Friday, October 24th. Morgan Stanley reduced their price objective on shares of Honeywell International from $245.00 to $235.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 28th. Barclays boosted their target price on shares of Honeywell International from $265.00 to $270.00 and gave the company an “overweight” rating in a research report on Friday, October 24th. Finally, Citigroup raised their price target on shares of Honeywell International from $251.56 to $267.00 and gave the stock a “buy” rating in a report on Tuesday, November 4th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $239.38.

Honeywell International Trading Down 0.7%

HON opened at $188.66 on Tuesday. Honeywell International Inc. has a fifty-two week low of $169.21 and a fifty-two week high of $228.04. The company has a debt-to-equity ratio of 1.70, a current ratio of 1.36 and a quick ratio of 1.04. The company’s 50-day moving average is $204.27 and its 200 day moving average is $217.21. The firm has a market capitalization of $119.78 billion, a PE ratio of 19.88, a P/E/G ratio of 2.73 and a beta of 1.07.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings results on Monday, December 11th. The conglomerate reported $2.25 earnings per share (EPS) for the quarter. Honeywell International had a return on equity of 38.11% and a net margin of 15.07%.The business had revenue of $8.95 billion during the quarter. Honeywell International has set its Q4 2023 guidance at 2.530-2.630 EPS. FY 2023 guidance at 9.100-9.200 EPS. As a group, research analysts predict that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 5th. Shareholders of record on Friday, November 14th will be given a $1.19 dividend. This represents a $4.76 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend is Friday, November 14th. This is a positive change from Honeywell International’s previous quarterly dividend of $1.13. Honeywell International’s payout ratio is currently 50.16%.

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.