Arvest Bank Trust Division Trims Position in Honeywell International Inc. $HON

Arvest Bank Trust Division lowered its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 6.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 54,841 shares of the conglomerate’s stock after selling 3,513 shares during the quarter. Arvest Bank Trust Division’s holdings in Honeywell International were worth $11,544,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Howard Hughes Medical Institute acquired a new stake in shares of Honeywell International during the second quarter worth $33,000. Barnes Dennig Private Wealth Management LLC raised its position in Honeywell International by 491.7% during the 3rd quarter. Barnes Dennig Private Wealth Management LLC now owns 142 shares of the conglomerate’s stock worth $30,000 after buying an additional 118 shares during the last quarter. Cedar Mountain Advisors LLC lifted its stake in shares of Honeywell International by 116.7% in the 3rd quarter. Cedar Mountain Advisors LLC now owns 156 shares of the conglomerate’s stock worth $33,000 after acquiring an additional 84 shares during the period. SJS Investment Consulting Inc. boosted its holdings in shares of Honeywell International by 833.3% in the third quarter. SJS Investment Consulting Inc. now owns 168 shares of the conglomerate’s stock valued at $35,000 after acquiring an additional 150 shares in the last quarter. Finally, Cloud Capital Management LLC acquired a new position in shares of Honeywell International during the third quarter worth about $35,000. 75.91% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Honeywell International news, VP Robert D. Mailloux sold 10,549 shares of the company’s stock in a transaction dated Friday, January 30th. The shares were sold at an average price of $229.00, for a total value of $2,415,721.00. Following the transaction, the vice president directly owned 4,803 shares in the company, valued at approximately $1,099,887. This represents a 68.71% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.41% of the company’s stock.

Analyst Upgrades and Downgrades

HON has been the topic of a number of analyst reports. BNP Paribas Exane lifted their price objective on Honeywell International from $195.00 to $215.00 and gave the company a “neutral” rating in a report on Monday, February 2nd. Citigroup upped their price objective on Honeywell International from $262.00 to $265.00 and gave the stock a “buy” rating in a report on Friday, January 30th. TD Cowen cut their price objective on Honeywell International from $250.00 to $240.00 and set a “buy” rating for the company in a research report on Monday, November 10th. DZ Bank decreased their target price on shares of Honeywell International from $248.00 to $237.00 in a research report on Tuesday, December 23rd. Finally, Bank of America reiterated an “underperform” rating and issued a $205.00 price target (down previously from $265.00) on shares of Honeywell International in a report on Tuesday, November 18th. Eleven analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $244.50.

Honeywell International Stock Performance

NASDAQ:HON opened at $241.38 on Tuesday. The company has a current ratio of 1.32, a quick ratio of 1.05 and a debt-to-equity ratio of 1.76. The company has a market capitalization of $153.25 billion, a P/E ratio of 30.21, a price-to-earnings-growth ratio of 3.50 and a beta of 0.94. The firm has a 50-day moving average price of $212.69 and a two-hundred day moving average price of $209.29. Honeywell International Inc. has a twelve month low of $169.21 and a twelve month high of $245.63.

Honeywell International (NASDAQ:HON) last released its quarterly earnings results on Thursday, January 29th. The conglomerate reported $2.59 EPS for the quarter, beating the consensus estimate of $2.54 by $0.05. Honeywell International had a net margin of 12.74% and a return on equity of 40.40%. The business had revenue of $10.07 billion for the quarter, compared to analyst estimates of $9.60 billion. During the same period in the prior year, the business earned $2.47 earnings per share. The company’s quarterly revenue was up 6.4% on a year-over-year basis. As a group, research analysts expect that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, February 27th will be given a dividend of $1.19 per share. This represents a $4.76 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date is Friday, February 27th. Honeywell International’s dividend payout ratio (DPR) is currently 59.57%.

Honeywell International Company Profile

Honeywell International Inc is a diversified, publicly traded multinational conglomerate (NASDAQ: HON) that designs and manufactures a wide range of commercial and consumer products, engineering services and aerospace systems. The company operates through major business platforms that historically include Aerospace; Building Technologies; Performance Materials and Technologies; and Safety and Productivity Solutions. Its portfolio spans avionics and propulsion systems, building controls and HVAC equipment, process technologies and advanced materials, industrial automation software, and personal protective equipment and scanning solutions.

Honeywell’s aerospace business supplies aircraft manufacturers and operators with engines and auxiliary power units, avionics, flight safety systems and aftermarket services.