Stock Yards Bank & Trust Co. Lowers Position in Honeywell International Inc. (NASDAQ:HON)

Stock Yards Bank & Trust Co. lessened its holdings in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 9.4% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 22,596 shares of the conglomerate's stock after selling 2,348 shares during the quarter. Stock Yards Bank & Trust Co.'s holdings in Honeywell International were worth $4,671,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in HON. Fiduciary Financial Group LLC purchased a new stake in Honeywell International during the 2nd quarter worth about $248,000. Silver Lake Advisory LLC acquired a new stake in Honeywell International in the second quarter valued at approximately $198,000. Triad Wealth Partners LLC lifted its stake in Honeywell International by 12.2% in the second quarter. Triad Wealth Partners LLC now owns 1,818 shares of the conglomerate's stock worth $388,000 after acquiring an additional 197 shares during the last quarter. Ellsworth Advisors LLC grew its holdings in Honeywell International by 3.1% during the 2nd quarter. Ellsworth Advisors LLC now owns 9,543 shares of the conglomerate's stock worth $2,038,000 after acquiring an additional 284 shares in the last quarter. Finally, Cordatus Wealth Management LLC purchased a new stake in shares of Honeywell International in the 2nd quarter valued at approximately $1,374,000. Hedge funds and other institutional investors own 75.91% of the company's stock.

Honeywell International Stock Performance

NASDAQ HON traded down $1.37 during trading on Thursday, reaching $227.69. The company's stock had a trading volume of 2,715,031 shares, compared to its average volume of 3,143,331. The business's fifty day moving average price is $220.08 and its 200-day moving average price is $211.36. Honeywell International Inc. has a twelve month low of $189.66 and a twelve month high of $242.77. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.12 and a current ratio of 1.44. The firm has a market cap of $148.05 billion, a price-to-earnings ratio of 26.49, a P/E/G ratio of 2.82 and a beta of 1.05.

Honeywell International Increases Dividend

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

Wall Street Analyst Weigh In

A number of equities analysts recently commented on HON shares. Citigroup boosted their target price on shares of Honeywell International from $244.00 to $268.00 and gave the stock a "buy" rating in a research note on Monday. Bank of America upped their price objective on Honeywell International from $220.00 to $240.00 and gave the stock a "neutral" rating in a research report on Thursday, November 14th. Morgan Stanley began coverage on Honeywell International in a research report on Friday, September 6th. They set an "equal weight" rating and a $210.00 target price on the stock. HSBC raised Honeywell International from a "hold" rating to a "buy" rating and set a $290.00 price target for the company in a report on Wednesday. Finally, The Goldman Sachs Group raised their price objective on shares of Honeywell International from $227.00 to $256.00 and gave the stock a "buy" rating in a report on Thursday. Ten equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $248.77.

About Honeywell International

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.