Coastline Trust Co Has $1.94 Million Position in Honeywell International Inc. (NASDAQ:HON)

Coastline Trust Co cut its holdings in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 28.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,379 shares of the conglomerate's stock after selling 3,752 shares during the period. Coastline Trust Co's holdings in Honeywell International were worth $1,939,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. LGT Group Foundation bought a new stake in shares of Honeywell International in the 1st quarter worth about $26,000. Reston Wealth Management LLC acquired a new stake in Honeywell International during the third quarter valued at approximately $29,000. Planning Capital Management Corp lifted its holdings in Honeywell International by 96.4% during the 3rd 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 last quarter. Financial Connections Group Inc. acquired a new position in shares of Honeywell International in the 2nd quarter worth approximately $38,000. Finally, Pathway Financial Advisers LLC bought a new stake in shares of Honeywell International in the 1st quarter valued at approximately $39,000. 75.91% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

HON has been the subject of a number of research reports. Wells Fargo & Company lifted their price objective on shares of Honeywell International from $215.00 to $254.00 and gave the stock an "equal weight" rating in a report on Wednesday. Morgan Stanley assumed coverage on shares of Honeywell International in a research report on Friday, September 6th. They set an "equal weight" rating and a $210.00 price objective for the company. Citigroup cut their target price 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. Baird R W cut Honeywell International from a "strong-buy" rating to a "hold" rating in a research report on Friday, October 25th. Finally, Bank of America boosted their price objective on Honeywell International from $220.00 to $240.00 and gave the company a "neutral" rating in a research report on Thursday. Nine analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $241.45.

Honeywell International Price Performance

NASDAQ HON traded down $0.55 on Friday, reaching $228.99. The company's stock had a trading volume of 3,707,893 shares, compared to its average volume of 3,103,041. The firm's 50 day moving average is $211.39 and its two-hundred day moving average is $207.74. The stock has a market cap of $148.90 billion, a PE ratio of 26.44, a PEG ratio of 2.77 and a beta of 1.03. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.12 and a current ratio of 1.44. Honeywell International Inc. has a twelve month low of $189.66 and a twelve month high of $242.77.

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. This is a positive change from Honeywell International's previous quarterly dividend of $1.08. The ex-dividend date is Friday, November 15th. This represents a $4.52 annualized dividend and a yield of 1.97%. Honeywell International's payout ratio is 52.19%.

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.