Private Trust Co. NA Decreases Stock Holdings in Honeywell International Inc. (NASDAQ:HON)

Private Trust Co. NA reduced its holdings in Honeywell International Inc. (NASDAQ:HON) by 10.2% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,936 shares of the conglomerate’s stock after selling 1,354 shares during the period. Private Trust Co. NA’s holdings in Honeywell International were worth $2,467,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Reston Wealth Management LLC bought a new position in shares of Honeywell International during the third quarter valued at approximately $29,000. Planning Capital Management Corp increased its holdings in Honeywell International by 96.4% during the 3rd quarter. Planning Capital Management Corp now owns 165 shares of the conglomerate’s stock worth $34,000 after purchasing an additional 81 shares during the period. Financial Connections Group Inc. purchased a new stake in shares of Honeywell International in the 2nd quarter worth $38,000. Pathway Financial Advisers LLC bought a new position in shares of Honeywell International during the 1st quarter worth $39,000. Finally, Western Pacific Wealth Management LP purchased a new position in shares of Honeywell International during the third quarter valued at $41,000. 75.91% of the stock is currently owned by institutional investors.

Honeywell International Trading Up 1.1 %

HON opened at $231.70 on Monday. The business’s 50 day moving average price is $213.86 and its 200 day moving average price is $209.06. 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 stock has a market capitalization of $150.66 billion, a PE ratio of 26.51, a P/E/G ratio of 2.72 and a beta of 1.03. Honeywell International Inc. has a one year low of $189.66 and a one year high of $242.77.

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 dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a yield of 1.95%. 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 52.19%.

Analyst Ratings Changes

A number of research analysts have commented on the stock. StockNews.com raised shares of Honeywell International from a “hold” rating to a “buy” rating in a research report on Sunday, November 3rd. Robert W. Baird lowered shares of Honeywell International from an “outperform” rating to a “neutral” rating and cut their price objective for the company from $223.00 to $217.00 in a report on Friday, October 25th. UBS Group restated a “buy” rating and set a $298.00 target price (up previously from $215.00) on shares of Honeywell International 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 report on Friday, October 25th. Finally, Citigroup decreased their price objective on Honeywell International from $248.00 to $244.00 and set a “buy” rating for the company in a research note on Friday, October 25th. Nine research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, Honeywell International currently has an average rating of “Hold” and a consensus target price of $241.45.

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.