First Hawaiian Bank Sells 1,852 Shares of Honeywell International Inc. (NASDAQ:HON)

First Hawaiian Bank lessened its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 28.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,711 shares of the conglomerate’s stock after selling 1,852 shares during the quarter. First Hawaiian Bank’s holdings in Honeywell International were worth $1,006,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. River Street Advisors LLC boosted its position in Honeywell International by 2.0% during the 4th quarter. River Street Advisors LLC now owns 2,599 shares of the conglomerate’s stock worth $545,000 after acquiring an additional 50 shares during the period. Triton Wealth Management PLLC boosted its position in Honeywell International by 4.7% during the 4th quarter. Triton Wealth Management PLLC now owns 1,132 shares of the conglomerate’s stock worth $233,000 after acquiring an additional 51 shares during the period. Legacy Trust lifted its holdings in shares of Honeywell International by 2.1% in the first quarter. Legacy Trust now owns 2,527 shares of the conglomerate’s stock valued at $519,000 after buying an additional 52 shares during the period. Spectrum Asset Management Inc. NB CA lifted its holdings in shares of Honeywell International by 0.3% in the fourth quarter. Spectrum Asset Management Inc. NB CA now owns 21,065 shares of the conglomerate’s stock valued at $4,418,000 after buying an additional 55 shares during the period. Finally, NTV Asset Management LLC lifted its holdings in shares of Honeywell International by 1.5% in the fourth quarter. NTV Asset Management LLC now owns 3,722 shares of the conglomerate’s stock valued at $781,000 after buying an additional 55 shares during the period. Institutional investors own 75.91% of the company’s stock.

Honeywell International Price Performance

Shares of HON traded up $0.65 during mid-day trading on Tuesday, reaching $200.36. The company had a trading volume of 2,119,204 shares, compared to its average volume of 2,918,744. The company’s 50-day moving average is $210.09 and its 200-day moving average is $202.65. Honeywell International Inc. has a twelve month low of $174.88 and a twelve month high of $220.79. The company has a market capitalization of $130.47 billion, a P/E ratio of 23.14, a P/E/G ratio of 2.32 and a beta of 1.04. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.21 and a quick ratio of 0.91.

Honeywell International (NASDAQ:HON) last released its quarterly earnings results on Thursday, July 25th. The conglomerate reported $2.49 earnings per share for the quarter, beating analysts’ consensus estimates of $2.42 by $0.07. Honeywell International had a return on equity of 36.87% and a net margin of 15.49%. The firm had revenue of $9.58 billion during the quarter, compared to analysts’ expectations of $9.41 billion. During the same period last year, the firm posted $2.23 EPS. The business’s revenue was up 4.7% on a year-over-year basis. On average, equities analysts anticipate that Honeywell International Inc. will post 10.14 EPS for the current year.

Honeywell International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 6th. Shareholders of record on Friday, August 16th will be given a $1.08 dividend. The ex-dividend date of this dividend is Friday, August 16th. This represents a $4.32 dividend on an annualized basis and a yield of 2.16%. Honeywell International’s payout ratio is 50.06%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on HON. Citigroup upped their price target on Honeywell International from $243.00 to $244.00 and gave the stock a “buy” rating in a research note on Tuesday, June 4th. Wells Fargo & Company decreased their target price on Honeywell International from $220.00 to $215.00 and set an “equal weight” rating for the company in a research note on Friday, July 26th. Daiwa America upgraded Honeywell International to a “moderate buy” rating in a research note on Wednesday, June 5th. StockNews.com downgraded Honeywell International from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, Royal Bank of Canada decreased their target price on Honeywell International from $218.00 to $214.00 and set a “sector perform” rating for the company in a research note on Friday, July 26th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $225.00.

Insider Buying and Selling at Honeywell International

In other news, Director Darius Adamczyk sold 28,500 shares of the firm’s stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $203.96, for a total value of $5,812,860.00. Following the transaction, the director now directly owns 203,510 shares in the company, valued at approximately $41,507,899.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.41% of the company’s stock.

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.