Huntington National Bank reduced its position in Honeywell International Inc. (NASDAQ:HON - Free Report) by 14.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 174,421 shares of the conglomerate's stock after selling 28,469 shares during the period. Huntington National Bank's holdings in Honeywell International were worth $36,055,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. LGT Group Foundation bought a new stake in Honeywell International in the first quarter valued at about $26,000. Reston Wealth Management LLC acquired a new stake in shares of Honeywell International during the 3rd quarter valued at approximately $29,000. Financial Connections Group Inc. bought a new position in Honeywell International during the second quarter worth $38,000. Pathway Financial Advisers LLC acquired a new position in Honeywell International in the first quarter worth $39,000. Finally, TruNorth Capital Management LLC bought a new stake in Honeywell International during the second quarter valued at $43,000. 75.91% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of brokerages recently weighed in on HON. Citigroup lowered their price objective on shares of Honeywell International from $248.00 to $244.00 and set a "buy" rating for the company in a research report on Friday, October 25th. JPMorgan Chase & Co. lowered their target price on Honeywell International from $235.00 to $233.00 and set a "neutral" rating on the stock in a research report on Friday, October 25th. Wolfe Research lowered shares of Honeywell International from an "outperform" rating to a "peer perform" rating in a research report on Monday, October 28th. UBS Group restated a "buy" rating and set a $298.00 price target (up from $215.00) on shares of Honeywell International in a research report on Wednesday. Finally, 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. Nine analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, Honeywell International currently has a consensus rating of "Hold" and an average target price of $241.45.
Read Our Latest Analysis on Honeywell International
Honeywell International Stock Down 0.6 %
NASDAQ:HON traded down $1.50 during trading hours on Thursday, hitting $231.57. 1,644,776 shares of the stock traded hands, compared to its average volume of 3,090,383. The firm has a market cap of $150.58 billion, a price-to-earnings ratio of 26.91, a PEG ratio of 2.78 and a beta of 1.03. The firm has a 50 day moving average price of $210.22 and a 200 day moving average price of $207.34. The company has a current ratio of 1.44, a quick ratio of 1.12 and a debt-to-equity ratio of 1.44. Honeywell International Inc. has a fifty-two week low of $188.78 and a fifty-two week high of $242.77.
Honeywell International Increases Dividend
The firm also recently announced 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 is an increase from Honeywell International's previous quarterly dividend of $1.08. The ex-dividend date is Friday, November 15th. This represents a $4.52 dividend on an annualized basis and a dividend yield of 1.95%. Honeywell International's dividend payout ratio is currently 49.88%.
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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