First Western Trust Bank Cuts Stake in Honeywell International Inc. (NASDAQ:HON)

First Western Trust Bank lowered its position in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 10.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 23,812 shares of the conglomerate's stock after selling 2,851 shares during the quarter. First Western Trust Bank's holdings in Honeywell International were worth $4,922,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. LGT Group Foundation bought a new position in shares of Honeywell International during the first quarter valued at approximately $26,000. Reston Wealth Management LLC acquired a new stake in shares of Honeywell International during the 3rd quarter valued at $29,000. Planning Capital Management Corp lifted 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 valued at $34,000 after acquiring an additional 81 shares during the last quarter. Financial Connections Group Inc. acquired a new stake in Honeywell International during the 2nd quarter valued at $38,000. Finally, Pathway Financial Advisers LLC acquired a new position in shares of Honeywell International in the first quarter worth $39,000. Hedge funds and other institutional investors own 75.91% of the company's stock.

Honeywell International Trading Down 0.1 %

NASDAQ HON traded down $0.29 on Monday, hitting $228.70. The company's stock had a trading volume of 1,370,274 shares, compared to its average volume of 3,095,270. 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 Inc. has a 1-year low of $189.66 and a 1-year high of $242.77. The company's 50-day moving average is $211.39 and its 200 day moving average is $207.94. The firm has a market cap of $148.71 billion, a PE ratio of 26.50, a PEG ratio of 2.72 and a beta of 1.03.

Honeywell International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 15th will be paid a $1.13 dividend. This is a positive change from Honeywell International's previous quarterly dividend of $1.08. This represents a $4.52 dividend on an annualized basis and a dividend yield of 1.98%. The ex-dividend date of this dividend is Friday, November 15th. Honeywell International's dividend payout ratio is currently 49.88%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on HON shares. Bank of America upped their price target on shares of Honeywell International from $220.00 to $240.00 and gave the stock a "neutral" rating in a research note on Thursday. Citigroup decreased their price objective on shares of Honeywell International from $248.00 to $244.00 and set a "buy" rating for the company in a report on Friday, October 25th. Royal Bank of Canada upped their price objective on shares of Honeywell International from $213.00 to $253.00 and gave the stock a "sector perform" rating in a report on Wednesday, November 13th. Robert W. Baird cut shares of Honeywell International from an "outperform" rating to a "neutral" rating and decreased their price objective for the stock from $223.00 to $217.00 in a report on Friday, October 25th. Finally, Baird R W cut shares of Honeywell International from a "strong-buy" rating to a "hold" rating in a report on Friday, October 25th. Nine analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, Honeywell International presently has a consensus rating of "Hold" and a consensus price target of $241.45.

Honeywell International Company 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.