FARMERS & MERCHANTS TRUST Co OF LONG BEACH Has $2.60 Million Holdings in Honeywell International Inc. (NYSE:HON)

FARMERS & MERCHANTS TRUST Co OF LONG BEACH lifted its holdings in Honeywell International Inc. (NYSE:HON) by 2.4% during the 3rd quarter, Holdings Channel reports. The fund owned 12,227 shares of the conglomerate’s stock after acquiring an additional 284 shares during the quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH’s holdings in Honeywell International were worth $2,596,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Congress Asset Management Co. MA boosted its holdings in shares of Honeywell International by 2.5% in the 2nd quarter. Congress Asset Management Co. MA now owns 58,476 shares of the conglomerate’s stock worth $12,827,000 after acquiring an additional 1,424 shares in the last quarter. Simmons Bank lifted its holdings in Honeywell International by 10.9% during the 2nd quarter. Simmons Bank now owns 16,076 shares of the conglomerate’s stock worth $3,527,000 after buying an additional 1,582 shares in the last quarter. Bank of The West lifted its holdings in Honeywell International by 39.0% during the 2nd quarter. Bank of The West now owns 17,124 shares of the conglomerate’s stock worth $3,756,000 after buying an additional 4,809 shares in the last quarter. Capital Investment Advisors LLC lifted its holdings in Honeywell International by 4.7% during the 3rd quarter. Capital Investment Advisors LLC now owns 13,858 shares of the conglomerate’s stock worth $2,942,000 after buying an additional 624 shares in the last quarter. Finally, WASHINGTON TRUST Co lifted its holdings in Honeywell International by 0.8% during the 2nd quarter. WASHINGTON TRUST Co now owns 84,179 shares of the conglomerate’s stock worth $18,466,000 after buying an additional 693 shares in the last quarter. 75.80% of the stock is currently owned by institutional investors and hedge funds.

Several research analysts have issued reports on the company. Royal Bank of Canada reduced their price objective on Honeywell International from $229.00 to $224.00 and set a “sector perform” rating on the stock in a report on Monday, October 25th. Wells Fargo & Company assumed coverage on shares of Honeywell International in a research report on Thursday, October 7th. They issued an “equal weight” rating and a $229.00 price objective for the company. Barclays lowered their target price on Honeywell International from $253.00 to $250.00 and set an “overweight” rating for the company in a report on Monday, October 25th. Finally, Morgan Stanley lowered their target price on Honeywell International from $246.00 to $229.00 and set an “equal weight” rating for the company in a report on Thursday, October 7th. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $235.73.

In related news, CEO Darius Adamczyk sold 28,571 shares of Honeywell International stock in a transaction that occurred on Monday, August 30th. The shares were sold at an average price of $231.97, for a total value of $6,627,614.87. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 0.44% of the company’s stock.

HON stock traded down $3.79 during mid-day trading on Thursday, hitting $212.21. 3,265,442 shares of the company were exchanged, compared to its average volume of 2,625,229. The business has a 50 day simple moving average of $218.98 and a 200-day simple moving average of $223.71. The company has a current ratio of 1.29, a quick ratio of 1.04 and a debt-to-equity ratio of 0.79. The stock has a market capitalization of $146.09 billion, a PE ratio of 27.28, a price-to-earnings-growth ratio of 2.53 and a beta of 1.14. Honeywell International Inc. has a 1-year low of $194.55 and a 1-year high of $236.86.

Honeywell International (NYSE:HON) last announced its earnings results on Thursday, October 21st. The conglomerate reported $2.02 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.00 by $0.02. Honeywell International had a net margin of 15.80% and a return on equity of 31.21%. The company had revenue of $8.47 billion for the quarter, compared to analysts’ expectations of $8.68 billion. During the same period last year, the firm earned $1.56 earnings per share. The business’s revenue for the quarter was up 8.7% on a year-over-year basis. Equities research analysts expect that Honeywell International Inc. will post 8.07 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 3rd. Investors of record on Friday, November 12th will be paid a $0.98 dividend. This represents a $3.92 dividend on an annualized basis and a yield of 1.85%. This is a boost from Honeywell International’s previous quarterly dividend of $0.93. The ex-dividend date is Wednesday, November 10th. Honeywell International’s dividend payout ratio (DPR) is 50.39%.

Honeywell International Company Profile

Honeywell International, Inc is a software industrial company, which offers industry specific solutions to aerospace and automotive products and services. It specializes in turbochargers control, sensing and security technologies for buildings and homes; specialty chemicals; electronic and advanced materials; process technology for refining and petrochemicals; and energy efficient products and solutions for homes, business and transportation.

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Institutional Ownership by Quarter for Honeywell International (NYSE:HON)

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