Associated Banc Corp Sells 4,024 Shares of Honeywell International Inc. (NASDAQ:HON)

Associated Banc Corp decreased its stake in Honeywell International Inc. (NASDAQ:HON - Free Report) by 7.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 47,777 shares of the conglomerate's stock after selling 4,024 shares during the period. Associated Banc Corp's holdings in Honeywell International were worth $9,876,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of HON. Reston Wealth Management LLC bought a new position in shares of Honeywell International during the 3rd quarter worth approximately $29,000. Planning Capital Management Corp increased its holdings in shares of Honeywell International by 96.4% in the third quarter. Planning Capital Management Corp now owns 165 shares of the conglomerate's stock valued at $34,000 after purchasing an additional 81 shares during the last quarter. Financial Connections Group Inc. bought a new position in shares of Honeywell International in the second quarter valued at about $38,000. Pathway Financial Advisers LLC acquired a new stake in shares of Honeywell International during the 1st quarter worth about $39,000. Finally, Western Pacific Wealth Management LP bought a new stake in shares of Honeywell International during the 3rd quarter worth about $41,000. Institutional investors and hedge funds own 75.91% of the company's stock.

Honeywell International Price Performance

HON traded up $1.49 during trading on Monday, hitting $230.60. 3,833,959 shares of the stock traded hands, compared to its average volume of 3,131,359. The business has a 50 day moving average price of $214.38 and a 200 day moving average price of $209.27. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.44 and a quick ratio of 1.12. Honeywell International Inc. has a twelve month low of $189.66 and a twelve month high of $242.77. The company has a market cap of $149.95 billion, a price-to-earnings ratio of 26.63, a PEG ratio of 2.72 and a beta of 1.03.

Honeywell International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 15th will be issued a dividend of $1.13 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $4.52 dividend on an annualized basis and a dividend yield of 1.96%. This is a boost from Honeywell International's previous quarterly dividend of $1.08. Honeywell International's payout ratio is 52.19%.

Analyst Upgrades and Downgrades

HON has been the topic of several research analyst reports. Citigroup lowered their price target on shares of Honeywell International from $248.00 to $244.00 and set a "buy" rating on the stock in a report on Friday, October 25th. Barclays lifted their price target on Honeywell International from $229.00 to $252.00 and gave the stock an "overweight" rating in a report on Wednesday, November 13th. JPMorgan Chase & Co. decreased their price objective on Honeywell International from $235.00 to $233.00 and set a "neutral" rating on the stock in a report on Friday, October 25th. Baird R W downgraded Honeywell International from a "strong-buy" rating to a "hold" rating in a report on Friday, October 25th. Finally, Wells Fargo & Company upped their price target 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. Nine analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, Honeywell International presently has a consensus rating of "Hold" and an average price target of $241.45.

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.