Fulton Bank N.A. Boosts Stock Holdings in Honeywell International Inc. (NASDAQ:HON)

Fulton Bank N.A. boosted its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 5.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 17,374 shares of the conglomerate’s stock after buying an additional 908 shares during the quarter. Fulton Bank N.A.’s holdings in Honeywell International were worth $3,591,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. EP Wealth Advisors LLC boosted its position in Honeywell International by 4.4% during the second quarter. EP Wealth Advisors LLC now owns 337,380 shares of the conglomerate’s stock worth $72,044,000 after acquiring an additional 14,271 shares during the last quarter. Sanibel Captiva Trust Company Inc. acquired a new stake in Honeywell International during the 4th quarter valued at $27,230,000. Trilogy Capital Inc. grew its holdings in Honeywell International by 125.7% during the 1st quarter. Trilogy Capital Inc. now owns 2,422 shares of the conglomerate’s stock valued at $497,000 after purchasing an additional 1,349 shares in the last quarter. Jupiter Asset Management Ltd. acquired a new stake in Honeywell International during the 1st quarter valued at $1,398,000. Finally, Lloyd Advisory Services LLC. acquired a new stake in Honeywell International during the 1st quarter valued at $1,110,000. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on HON. StockNews.com lowered shares of Honeywell International from a “buy” rating to a “hold” rating in a report on Friday, August 30th. Wells Fargo & Company decreased their price objective on shares of Honeywell International from $215.00 to $207.00 and set an “equal weight” rating for the company in a report on Monday. UBS Group raised shares of Honeywell International from a “sell” rating to a “neutral” rating and raised their price objective for the stock from $175.00 to $215.00 in a report on Monday, June 10th. Morgan Stanley started coverage on shares of Honeywell International in a report on Friday, September 6th. They issued an “equal weight” rating and a $210.00 price target for the company. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $214.00 price target on shares of Honeywell International in a report on Thursday, September 26th. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $222.13.

Honeywell International Stock Performance

NASDAQ:HON traded down $0.45 during mid-day trading on Monday, hitting $203.33. The stock had a trading volume of 1,799,621 shares, compared to its average volume of 2,797,430. Honeywell International Inc. has a 52 week low of $174.88 and a 52 week high of $220.79. The stock has a market capitalization of $132.41 billion, a price-to-earnings ratio of 23.52, a P/E/G ratio of 2.32 and a beta of 1.03. The company has a 50 day simple moving average of $202.78 and a 200-day simple moving average of $203.91. The company has a current ratio of 1.21, a quick ratio of 0.91 and a debt-to-equity ratio of 1.19.

Honeywell International (NASDAQ:HON) last released its quarterly earnings results on Thursday, July 25th. The conglomerate reported $2.49 EPS for the quarter, topping analysts’ consensus estimates of $2.42 by $0.07. Honeywell International had a net margin of 15.49% and a return on equity of 36.87%. The company had revenue of $9.58 billion for the quarter, compared to the consensus estimate of $9.41 billion. During the same period in the previous year, the firm earned $2.23 EPS. Honeywell International’s revenue was up 4.7% on a year-over-year basis. On average, research analysts expect that Honeywell International Inc. will post 10.11 earnings per share for the current fiscal year.

Honeywell International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be given a $1.13 dividend. The ex-dividend date of this dividend is Friday, November 15th. This is a boost from Honeywell International’s previous quarterly dividend of $1.08. This represents a $4.52 annualized dividend and a yield of 2.22%. Honeywell International’s payout ratio is 52.38%.

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.