AMG National Trust Bank Has $2.84 Million Stock Holdings in Honeywell International Inc. (NASDAQ:HON)

AMG National Trust Bank reduced its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 10.7% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 13,737 shares of the conglomerate’s stock after selling 1,650 shares during the period. AMG National Trust Bank’s holdings in Honeywell International were worth $2,840,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of HON. Cypress Wealth Services LLC grew its stake in Honeywell International by 2.5% during the second quarter. Cypress Wealth Services LLC now owns 1,952 shares of the conglomerate’s stock worth $417,000 after buying an additional 47 shares in the last quarter. Absher Wealth Management LLC boosted its position in shares of Honeywell International by 2.5% during the 3rd quarter. Absher Wealth Management LLC now owns 1,999 shares of the conglomerate’s stock worth $413,000 after acquiring an additional 49 shares in the last quarter. Bard Financial Services Inc. increased its stake in Honeywell International by 0.3% in the second quarter. Bard Financial Services Inc. now owns 17,594 shares of the conglomerate’s stock valued at $3,757,000 after acquiring an additional 50 shares during the last quarter. ZRC Wealth Management LLC raised its position in Honeywell International by 11.6% during the third quarter. ZRC Wealth Management LLC now owns 480 shares of the conglomerate’s stock valued at $99,000 after purchasing an additional 50 shares in the last quarter. Finally, CFM Wealth Partners LLC lifted its stake in Honeywell International by 4.0% during the third quarter. CFM Wealth Partners LLC now owns 1,288 shares of the conglomerate’s stock worth $264,000 after purchasing an additional 50 shares during the last quarter. Institutional investors own 75.91% of the company’s stock.

Honeywell International Stock Performance

NASDAQ:HON opened at $228.85 on Tuesday. The company has a market capitalization of $148.81 billion, a PE ratio of 26.43, a P/E/G ratio of 2.72 and a beta of 1.03. Honeywell International Inc. has a fifty-two week low of $189.66 and a fifty-two week 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 company has a 50 day simple moving average of $211.94 and a two-hundred day simple moving average of $208.19.

Honeywell International Increases Dividend

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

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on HON shares. StockNews.com upgraded Honeywell International from a “hold” rating to a “buy” rating in a research note on Sunday, November 3rd. Wolfe Research downgraded Honeywell International from an “outperform” rating to a “peer perform” rating in a research note on Monday, October 28th. Morgan Stanley began 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 for the company. UBS Group reaffirmed a “buy” rating and set a $298.00 price target (up from $215.00) on shares of Honeywell International in a report on Wednesday, November 13th. Finally, Robert W. Baird downgraded shares of Honeywell International from an “outperform” rating to a “neutral” rating and dropped their price objective for the company from $223.00 to $217.00 in a research note on Friday, October 25th. Nine research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, Honeywell International presently has an average rating of “Hold” and an average target price of $241.45.

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.