Farmers National Bank Has $6.07 Million Stock Holdings in Honeywell International Inc. (NASDAQ:HON)

Farmers National Bank lifted its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 0.7% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 28,414 shares of the conglomerate’s stock after acquiring an additional 205 shares during the quarter. Honeywell International comprises approximately 1.8% of Farmers National Bank’s holdings, making the stock its 13th largest position. Farmers National Bank’s holdings in Honeywell International were worth $6,068,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in HON. LGT Group Foundation bought a new stake in shares of Honeywell International in the 1st quarter worth approximately $26,000. Scarborough Advisors LLC bought a new position in Honeywell International in the fourth quarter worth $27,000. Richardson Capital Management LLC acquired a new stake in Honeywell International during the first quarter worth $35,000. Financial Connections Group Inc. bought a new stake in Honeywell International in the 2nd quarter valued at $38,000. Finally, Pathway Financial Advisers LLC acquired a new position in shares of Honeywell International in the 1st quarter valued at $39,000. Institutional investors and hedge funds own 75.91% of the company’s stock.

Wall Street Analyst Weigh In

HON has been the subject of several recent research reports. StockNews.com lowered shares of Honeywell International from a “buy” rating to a “hold” rating in a research report on Friday, August 30th. UBS Group raised Honeywell International from a “sell” rating to a “neutral” rating and increased their target price for the stock from $175.00 to $215.00 in a report on Monday, June 10th. Morgan Stanley began coverage on Honeywell International in a research note on Friday, September 6th. They issued an “equal weight” rating and a $210.00 price target on the stock. Royal Bank of Canada reiterated a “sector perform” rating and issued a $214.00 price target on shares of Honeywell International in a research report on Thursday, September 26th. Finally, Citigroup lifted their price objective on Honeywell International from $243.00 to $244.00 and gave the company a “buy” rating in a report on Tuesday, June 4th. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Honeywell International presently has an average rating of “Hold” and a consensus price target of $223.13.

Honeywell International Trading Down 0.3 %

NASDAQ:HON opened at $206.07 on Wednesday. The company has a market cap of $134.19 billion, a P/E ratio of 23.88, a price-to-earnings-growth ratio of 2.32 and a beta of 1.03. Honeywell International Inc. has a twelve month low of $174.88 and a twelve month high of $220.79. The business has a 50 day moving average price of $202.94 and a two-hundred day moving average price of $203.81. The company has a quick ratio of 0.91, a current ratio of 1.21 and a debt-to-equity ratio of 1.19.

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

Honeywell International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 15th will be issued a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.19%. This is a boost from Honeywell International’s previous quarterly dividend of $1.08. The ex-dividend date of this dividend is Friday, November 15th. Honeywell International’s dividend payout ratio is presently 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.