Honeywell International Inc. (NASDAQ:HON) Position Trimmed by First National Trust Co

First National Trust Co lessened its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 2.5% in the third quarter, according to its most recent filing with the SEC. The fund owned 70,028 shares of the conglomerate’s stock after selling 1,762 shares during the period. First National Trust Co’s holdings in Honeywell International were worth $14,475,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of HON. GSA Capital Partners LLP purchased a new position in Honeywell International during the 3rd quarter worth approximately $414,000. Harbour Investments Inc. lifted its stake in Honeywell International by 5.3% in the 3rd quarter. Harbour Investments Inc. now owns 11,018 shares of the conglomerate’s stock worth $2,278,000 after acquiring an additional 553 shares in the last quarter. Kennebec Savings Bank acquired a new stake in Honeywell International during the 3rd quarter worth about $998,000. Ashton Thomas Securities LLC purchased a new position in Honeywell International during the 3rd quarter valued at about $233,000. Finally, Los Angeles Capital Management LLC increased its holdings in shares of Honeywell International by 24.5% in the 3rd quarter. Los Angeles Capital Management LLC now owns 29,213 shares of the conglomerate’s stock valued at $6,039,000 after purchasing an additional 5,750 shares during the period. 75.91% of the stock is owned by hedge funds and other institutional investors.

Honeywell International Stock Performance

NASDAQ HON opened at $225.24 on Tuesday. Honeywell International Inc. has a 1-year low of $185.71 and a 1-year high of $225.32. The company has a 50 day moving average of $208.74 and a 200-day moving average of $206.64. The company has a current ratio of 1.44, a quick ratio of 1.12 and a debt-to-equity ratio of 1.44. The firm has a market cap of $146.46 billion, a price-to-earnings ratio of 26.01, a PEG ratio of 2.61 and a beta of 1.03.

Honeywell International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be issued a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a yield of 2.01%. This is a boost from Honeywell International’s previous quarterly dividend of $1.08. The ex-dividend date of this dividend is Friday, November 15th. Honeywell International’s dividend payout ratio (DPR) is currently 52.19%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. JPMorgan Chase & Co. decreased their price target on shares of Honeywell International from $235.00 to $233.00 and set a “neutral” rating for the company in a report on Friday, October 25th. Bank of America restated a “neutral” rating and set a $230.00 price target (down from $250.00) on shares of Honeywell International in a report on Thursday, October 24th. Morgan Stanley started coverage on Honeywell International in a report on Friday, September 6th. They set an “equal weight” rating and a $210.00 price objective for the company. Barclays lowered their target price on Honeywell International from $232.00 to $229.00 and set an “overweight” rating on the stock in a research note on Friday, October 25th. Finally, StockNews.com upgraded Honeywell International from a “hold” rating to a “buy” rating in a report on Sunday, November 3rd. Ten analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $223.73.

Honeywell International 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.