Honeywell International Inc. (NASDAQ:HON) Position Reduced by American Trust

American Trust decreased its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 14.9% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 26,407 shares of the conglomerate’s stock after selling 4,614 shares during the period. American Trust’s holdings in Honeywell International were worth $5,459,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Teachers Insurance & Annuity Association of America bought a new position in Honeywell International in the third quarter worth about $25,000. Reston Wealth Management LLC acquired a new stake in shares of Honeywell International during the 3rd quarter worth approximately $29,000. Financial Avengers Inc. boosted its position in Honeywell International by 48.1% during the 3rd quarter. Financial Avengers Inc. now owns 154 shares of the conglomerate’s stock valued at $32,000 after purchasing an additional 50 shares during the period. Planning Capital Management Corp increased its position in Honeywell International by 96.4% in the third quarter. Planning Capital Management Corp now owns 165 shares of the conglomerate’s stock worth $34,000 after buying an additional 81 shares during the period. Finally, Financial Connections Group Inc. bought a new stake in Honeywell International in the second quarter valued at $38,000. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Honeywell International Trading Down 0.6 %

Shares of HON opened at $227.69 on Friday. The company has a current ratio of 1.44, a quick ratio of 1.12 and a debt-to-equity ratio of 1.44. Honeywell International Inc. has a 1-year low of $189.66 and a 1-year high of $242.77. The stock has a market capitalization of $148.06 billion, a P/E ratio of 26.29, a P/E/G ratio of 2.85 and a beta of 1.05. The business’s 50-day moving average price is $220.58 and its 200 day moving average price is $211.47.

Honeywell International Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Friday, November 15th were paid a dividend of $1.13 per share. This is an increase from Honeywell International’s previous quarterly dividend of $1.08. This represents a $4.52 annualized dividend and a yield of 1.99%. The ex-dividend date was Friday, November 15th. Honeywell International’s payout ratio is 52.19%.

Wall Street Analyst Weigh In

Several analysts recently commented on HON shares. Baird R W cut Honeywell International from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 25th. StockNews.com lowered Honeywell International from a “buy” rating to a “hold” rating in a report on Monday. Royal Bank of Canada reiterated a “sector perform” rating and issued a $253.00 target price on shares of Honeywell International in a research report on Tuesday, December 3rd. Wells Fargo & Company raised their target price on shares of Honeywell International from $215.00 to $254.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 13th. Finally, Morgan Stanley assumed coverage on shares of Honeywell International in a research note on Friday, September 6th. They issued an “equal weight” rating and a $210.00 price target for the company. Ten research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $248.77.

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.