Honeywell International Inc. (NASDAQ:HON) Shares Sold by Commerce Bank

Commerce Bank trimmed its position in Honeywell International Inc. (NASDAQ:HON - Free Report) by 1.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 190,884 shares of the conglomerate's stock after selling 2,351 shares during the period. Commerce Bank's holdings in Honeywell International were worth $39,458,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. LGT Group Foundation bought a new stake in shares of Honeywell International during the first quarter valued at approximately $26,000. Reston Wealth Management LLC acquired a new position in Honeywell International in the 3rd quarter valued at about $29,000. Planning Capital Management Corp grew its position in shares of 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 purchasing an additional 81 shares in the last quarter. Financial Connections Group Inc. acquired a new stake in Honeywell International in the second quarter valued at approximately $38,000. Finally, Pathway Financial Advisers LLC acquired a new position in shares of Honeywell International during the first quarter worth $39,000. Institutional investors own 75.91% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. Royal Bank of Canada lifted their price target on shares of Honeywell International from $213.00 to $253.00 and gave the company a "sector perform" rating in a research note on Wednesday, November 13th. JPMorgan Chase & Co. dropped their target price on shares of Honeywell International from $235.00 to $233.00 and set a "neutral" rating for the company in a research report on Friday, October 25th. Barclays raised their price objective on shares of Honeywell International from $229.00 to $252.00 and gave the company an "overweight" rating in a research note on Wednesday, November 13th. Baird R W lowered shares of Honeywell International from a "strong-buy" rating to a "hold" rating in a research note on Friday, October 25th. Finally, Morgan Stanley assumed coverage on shares of Honeywell International in a report on Friday, September 6th. They issued an "equal weight" rating and a $210.00 target price on the stock. Nine research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, Honeywell International presently has a consensus rating of "Hold" and a consensus target price of $241.45.

Honeywell International Price Performance

HON stock traded down $2.61 during midday trading on Wednesday, hitting $225.59. The company's stock had a trading volume of 1,306,738 shares, compared to its average volume of 3,099,221. The company has a 50 day moving average of $212.49 and a two-hundred day moving average of $208.41. Honeywell International Inc. has a 12 month low of $189.66 and a 12 month high of $242.77. The firm has a market capitalization of $146.69 billion, a price-to-earnings ratio of 26.14, a price-to-earnings-growth ratio of 2.72 and a beta of 1.03. The company has a quick ratio of 1.12, a current ratio of 1.44 and a debt-to-equity ratio of 1.44.

Honeywell International Increases Dividend

The business also recently disclosed 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 annualized dividend and a dividend yield of 2.00%. The ex-dividend date is Friday, November 15th. This is a boost from Honeywell International's previous quarterly dividend of $1.08. 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.