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American Trust Trims Stake in Honeywell International Inc. (NASDAQ:HON)

Honeywell International logo with Multi-Sector Conglomerates background

American Trust trimmed its holdings in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 14.9% in the 3rd quarter, according to its most recent disclosure 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 SEC filing.

Other large investors have also recently made changes to their positions in the company. Tidal Investments LLC grew its position in Honeywell International by 46.3% in the 3rd quarter. Tidal Investments LLC now owns 48,572 shares of the conglomerate's stock worth $10,040,000 after purchasing an additional 15,370 shares during the period. Blankinship & Foster LLC bought a new stake in Honeywell International in the 3rd quarter worth approximately $3,464,000. Destination Wealth Management grew its position in Honeywell International by 21.8% in the 3rd quarter. Destination Wealth Management now owns 1,234 shares of the conglomerate's stock worth $255,000 after purchasing an additional 221 shares during the period. Wilmington Savings Fund Society FSB grew its position in shares of Honeywell International by 17.5% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 119,378 shares of the conglomerate's stock valued at $24,677,000 after acquiring an additional 17,785 shares during the period. Finally, Arvest Bank Trust Division bought a new stake in shares of Honeywell International during the 3rd quarter valued at $12,815,000. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on HON shares. Wells Fargo & Company boosted their price objective on shares of Honeywell International from $215.00 to $254.00 and gave the company an "equal weight" rating in a research report on Wednesday, November 13th. Robert W. Baird cut shares of Honeywell International from an "outperform" rating to a "neutral" rating and lowered their target price for the company from $223.00 to $217.00 in a research note on Friday, October 25th. Wolfe Research cut shares of Honeywell International from an "outperform" rating to a "peer perform" rating in a research note on Monday, October 28th. Barclays lifted their target price on shares of Honeywell International from $252.00 to $260.00 and gave the company an "overweight" rating in a research note on Thursday, December 5th. Finally, Hsbc Global Res upgraded shares of Honeywell International to a "strong-buy" rating in a research note on Wednesday. Ten analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $248.77.

Read Our Latest Stock Analysis on HON

Honeywell International Price Performance

Shares of NASDAQ HON traded down $0.07 during mid-day trading on Friday, hitting $227.62. 2,431,693 shares of the company's stock traded hands, compared to its average volume of 3,140,381. The company's 50-day moving average is $220.58 and its two-hundred day moving average is $211.47. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.44 and a quick ratio of 1.12. The company has a market capitalization of $148.01 billion, a P/E ratio of 26.29, a PEG ratio of 2.85 and a beta of 1.05. Honeywell International Inc. has a 1 year low of $189.66 and a 1 year high of $242.77.

Honeywell International Increases Dividend

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

About Honeywell International

(Free Report)

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.

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Institutional Ownership by Quarter for Honeywell International (NASDAQ:HON)

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