Washington Trust Bank Boosts Stock Holdings in Honeywell International Inc. (NASDAQ:HON)

Washington Trust Bank lifted its holdings in Honeywell International Inc. (NASDAQ:HON) by 10.2% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 2,165 shares of the conglomerate’s stock after purchasing an additional 200 shares during the period. Washington Trust Bank’s holdings in Honeywell International were worth $448,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. LGT Group Foundation purchased a new position in shares of Honeywell International in the 1st quarter valued at $26,000. Reston Wealth Management LLC acquired a new stake in Honeywell International in the third quarter worth about $29,000. Financial Connections Group Inc. purchased a new stake in shares of Honeywell International during the second quarter worth about $38,000. Pathway Financial Advisers LLC acquired a new position in shares of Honeywell International during the first quarter valued at about $39,000. Finally, New Covenant Trust Company N.A. purchased a new position in shares of Honeywell International in the 1st quarter valued at approximately $42,000. 75.91% of the stock is currently owned by institutional investors.

Honeywell International Stock Performance

HON traded down $0.72 on Thursday, reaching $215.68. The stock had a trading volume of 46,448 shares, compared to its average volume of 2,992,547. The business’s 50-day moving average price is $208.31 and its two-hundred day moving average price is $206.25. The company has a current ratio of 1.44, a quick ratio of 1.12 and a debt-to-equity ratio of 1.44. Honeywell International Inc. has a 12-month low of $183.20 and a 12-month high of $222.98. The company has a market cap of $140.25 billion, a P/E ratio of 24.99, a price-to-earnings-growth ratio of 2.49 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 $1.13 dividend. 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. This represents a $4.52 dividend on an annualized basis and a yield of 2.10%. Honeywell International’s dividend payout ratio is presently 49.88%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on HON. Robert W. Baird lowered shares of Honeywell International from an “outperform” rating to a “neutral” rating and cut their price target for the company from $223.00 to $217.00 in a research note on Friday, October 25th. Royal Bank of Canada lowered their price target on Honeywell International from $214.00 to $213.00 and set a “sector perform” rating for the company in a research report on Friday, October 25th. Bank of America reissued a “neutral” rating and issued a $230.00 price objective (down from $250.00) on shares of Honeywell International in a report on Thursday, October 24th. Wolfe Research downgraded Honeywell International from an “outperform” rating to a “peer perform” rating in a report on Monday, October 28th. Finally, Citigroup cut their price target on shares of Honeywell International from $248.00 to $244.00 and set a “buy” rating on the stock in a report on Friday, October 25th. Ten research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price 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.