First National Bank & Trust Co. of Newtown Trims Stock Position in Honeywell International Inc. (NASDAQ:HON)

First National Bank & Trust Co. of Newtown decreased its stake in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 9.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,820 shares of the conglomerate's stock after selling 2,314 shares during the quarter. Honeywell International makes up 1.0% of First National Bank & Trust Co. of Newtown's portfolio, making the stock its 17th largest position. First National Bank & Trust Co. of Newtown's holdings in Honeywell International were worth $4,929,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in HON. Baldwin Wealth Partners LLC MA grew its holdings in Honeywell International by 4.0% during the 4th quarter. Baldwin Wealth Partners LLC MA now owns 67,303 shares of the conglomerate's stock worth $15,203,000 after acquiring an additional 2,611 shares in the last quarter. Costello Asset Management INC purchased a new stake in Honeywell International during the fourth quarter worth $3,092,000. RIA Advisory Group LLC purchased a new position in shares of Honeywell International in the 3rd quarter valued at $6,124,000. Copley Financial Group Inc. purchased a new stake in shares of Honeywell International during the 3rd quarter worth $454,000. Finally, Sargent Investment Group LLC grew its stake in Honeywell International by 268.6% in the fourth quarter. Sargent Investment Group LLC now owns 5,602 shares of the conglomerate's stock valued at $1,227,000 after purchasing an additional 4,082 shares during the last quarter. 75.91% of the stock is currently owned by institutional investors.

Honeywell International Price Performance

Shares of HON stock traded up $0.59 during mid-day trading on Friday, hitting $211.94. 5,561,913 shares of the stock were exchanged, compared to its average volume of 4,068,463. Honeywell International Inc. has a 52-week low of $189.75 and a 52-week high of $242.77. The company has a quick ratio of 1.01, a current ratio of 1.31 and a debt-to-equity ratio of 1.33. The company has a market cap of $137.74 billion, a PE ratio of 24.33, a price-to-earnings-growth ratio of 2.50 and a beta of 1.05. The firm has a fifty day moving average of $220.74 and a 200 day moving average of $215.17.

Honeywell International (NASDAQ:HON - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The conglomerate reported $2.47 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.37 by $0.10. Honeywell International had a return on equity of 35.78% and a net margin of 14.82%. Research analysts anticipate that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be given a dividend of $1.13 per share. The ex-dividend date is Friday, February 28th. This represents a $4.52 annualized dividend and a dividend yield of 2.13%. Honeywell International's dividend payout ratio (DPR) is presently 51.89%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on HON. Deutsche Bank Aktiengesellschaft upgraded Honeywell International from a "hold" rating to a "buy" rating and increased their price objective for the company from $236.00 to $260.00 in a report on Friday, February 7th. The Goldman Sachs Group raised their price target on Honeywell International from $227.00 to $256.00 and gave the stock a "buy" rating in a report on Thursday, December 12th. Wells Fargo & Company decreased their price objective on shares of Honeywell International from $240.00 to $220.00 and set an "equal weight" rating for the company in a research report on Friday, February 7th. JPMorgan Chase & Co. cut their price target on shares of Honeywell International from $233.00 to $231.00 and set a "neutral" rating on the stock in a research note on Wednesday, January 15th. Finally, Baird R W downgraded shares of Honeywell International from a "strong-buy" rating to a "hold" rating in a research note on Friday, October 25th. Ten investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Honeywell International presently has an average rating of "Moderate Buy" and a consensus price target of $248.71.

Insider Activity at Honeywell International

In other Honeywell International news, VP Anne T. Madden sold 28,885 shares of the firm's stock in a transaction on Monday, February 10th. The stock was sold at an average price of $207.89, for a total value of $6,004,902.65. Following the transaction, the vice president now owns 41,580 shares in the company, valued at approximately $8,644,066.20. This trade represents a 40.99 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.41% of the stock is currently owned by corporate insiders.

Honeywell International 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.