WoodTrust Financial Corp Boosts Stock Position in Honeywell International Inc. (NASDAQ:HON)

WoodTrust Financial Corp increased its position in shares of Honeywell International Inc. (NASDAQ:HON) by 6.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 27,205 shares of the conglomerate’s stock after purchasing an additional 1,595 shares during the period. WoodTrust Financial Corp’s holdings in Honeywell International were worth $5,624,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in HON. LGT Group Foundation purchased a new stake in Honeywell International during the first quarter worth about $26,000. Reston Wealth Management LLC acquired a new stake in shares of Honeywell International in the 3rd quarter valued at $29,000. Financial Connections Group Inc. purchased a new stake in Honeywell International during the 2nd quarter worth about $38,000. Pathway Financial Advisers LLC purchased a new stake in Honeywell International during the first quarter worth approximately $39,000. Finally, New Covenant Trust Company N.A. purchased a new stake in shares of Honeywell International during the 1st quarter worth approximately $42,000. Institutional investors and hedge funds own 75.91% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on HON. Wells Fargo & Company upped their target price on Honeywell International from $207.00 to $215.00 and gave the company an “equal weight” rating in a research report on Friday, October 25th. Bank of America reaffirmed a “neutral” rating and issued a $230.00 target price (down previously from $250.00) on shares of Honeywell International in a report on Thursday, October 24th. Robert W. Baird cut Honeywell International from an “outperform” rating to a “neutral” rating and cut their price objective for the stock from $223.00 to $217.00 in a research report on Friday, October 25th. Citigroup dropped their target price on shares of Honeywell International from $248.00 to $244.00 and set a “buy” rating for the company in a report on Friday, October 25th. Finally, Royal Bank of Canada cut their price target on Honeywell International from $214.00 to $213.00 and set a “sector perform” rating for the company in a research note on Friday, October 25th. Ten equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $223.73.

Honeywell International Stock Up 3.6 %

HON stock opened at $216.40 on Thursday. Honeywell International Inc. has a one year low of $183.20 and a one year high of $222.98. The stock has a market capitalization of $140.71 billion, a P/E ratio of 24.99, a PEG ratio of 2.49 and a beta of 1.03. The company has a 50 day moving average price of $208.31 and a two-hundred day moving average price of $206.25. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.12 and a current ratio of 1.44.

Honeywell International Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be given a $1.13 dividend. The ex-dividend date of this dividend is Friday, November 15th. This is a boost from Honeywell International’s previous quarterly dividend of $1.08. This represents a $4.52 annualized dividend and a dividend yield of 2.09%. Honeywell International’s dividend payout ratio (DPR) is currently 49.88%.

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.