Associated Banc Corp Sells 4,024 Shares of Honeywell International Inc. (NASDAQ:HON)

Associated Banc Corp lowered its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 7.8% during the third quarter, Holdings Channel reports. The fund owned 47,777 shares of the conglomerate’s stock after selling 4,024 shares during the period. Associated Banc Corp’s holdings in Honeywell International were worth $9,876,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. RIA Advisory Group LLC acquired a new stake in shares of Honeywell International in the third quarter valued at approximately $6,124,000. EP Wealth Advisors LLC increased its stake in shares of Honeywell International by 4.4% in the 2nd quarter. EP Wealth Advisors LLC now owns 337,380 shares of the conglomerate’s stock valued at $72,044,000 after buying an additional 14,271 shares during the period. SteelPeak Wealth LLC raised its position in shares of Honeywell International by 255.2% during the third quarter. SteelPeak Wealth LLC now owns 73,529 shares of the conglomerate’s stock worth $15,199,000 after acquiring an additional 52,830 shares during the last quarter. Los Angeles Capital Management LLC lifted its stake in shares of Honeywell International by 24.5% during the third quarter. Los Angeles Capital Management LLC now owns 29,213 shares of the conglomerate’s stock valued at $6,039,000 after acquiring an additional 5,750 shares during the period. Finally, Asset Management One Co. Ltd. boosted its holdings in Honeywell International by 2.6% in the third quarter. Asset Management One Co. Ltd. now owns 346,469 shares of the conglomerate’s stock valued at $71,619,000 after acquiring an additional 8,687 shares during the last quarter. Institutional investors and hedge funds own 75.91% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Wolfe Research downgraded shares of Honeywell International from an “outperform” rating to a “peer perform” rating in a research report on Monday, October 28th. Barclays lifted their target price on shares of Honeywell International from $229.00 to $252.00 and gave the stock an “overweight” rating in a report on Wednesday, November 13th. JPMorgan Chase & Co. cut their price target on Honeywell International from $235.00 to $233.00 and set a “neutral” rating on the stock in a research note on Friday, October 25th. Royal Bank of Canada lifted their price objective on Honeywell International from $213.00 to $253.00 and gave the stock a “sector perform” rating in a research note on Wednesday, November 13th. Finally, Bank of America increased their target price on Honeywell International from $220.00 to $240.00 and gave the company a “neutral” rating in a research note on Thursday, November 14th. Nine equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $241.45.

Honeywell International Stock Up 1.0 %

Shares of NASDAQ HON traded up $2.24 during mid-day trading on Monday, reaching $231.35. 192,732 shares of the company’s stock were exchanged, compared to its average volume of 3,115,389. Honeywell International Inc. has a twelve month low of $189.66 and a twelve month high of $242.77. 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 capitalization of $150.43 billion, a price-to-earnings ratio of 26.51, a PEG ratio of 2.72 and a beta of 1.03. The business has a fifty day simple moving average of $213.86 and a 200 day simple moving average of $209.06.

Honeywell International Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be issued a dividend of $1.13 per share. 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 1.95%. The ex-dividend date of this dividend is Friday, November 15th. Honeywell International’s dividend payout ratio (DPR) is 52.19%.

Honeywell International Company 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.