AMG National Trust Bank Sells 1,650 Shares of Honeywell International Inc. (NASDAQ:HON)

AMG National Trust Bank trimmed its position in Honeywell International Inc. (NASDAQ:HON) by 10.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 13,737 shares of the conglomerate’s stock after selling 1,650 shares during the period. AMG National Trust Bank’s holdings in Honeywell International were worth $2,840,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the company. LGT Group Foundation bought a new stake in Honeywell International during the 1st quarter worth about $26,000. Reston Wealth Management LLC bought a new position in shares of Honeywell International in the 3rd quarter valued at about $29,000. Planning Capital Management Corp increased its position in shares of Honeywell International by 96.4% in the third quarter. Planning Capital Management Corp now owns 165 shares of the conglomerate’s stock valued at $34,000 after acquiring an additional 81 shares during the last quarter. Financial Connections Group Inc. bought a new stake in Honeywell International during the second quarter worth about $38,000. Finally, Pathway Financial Advisers LLC acquired a new position in Honeywell International during the first quarter valued at approximately $39,000. 75.91% of the stock is owned by institutional investors and hedge funds.

Honeywell International Stock Performance

HON opened at $228.85 on Tuesday. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.44 and a quick ratio of 1.12. The company has a market capitalization of $148.81 billion, a PE ratio of 26.43, a price-to-earnings-growth ratio of 2.72 and a beta of 1.03. The business has a fifty day simple moving average of $211.94 and a 200 day simple moving average of $208.19. Honeywell International Inc. has a 1 year low of $189.66 and a 1 year high of $242.77.

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 paid a $1.13 dividend. The ex-dividend date of this dividend is Friday, November 15th. This is an increase from Honeywell International’s previous quarterly dividend of $1.08. This represents a $4.52 annualized dividend and a dividend yield of 1.98%. Honeywell International’s dividend payout ratio is 49.88%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. UBS Group reaffirmed a “buy” rating and set a $298.00 price target (up previously from $215.00) on shares of Honeywell International in a research report on Wednesday, November 13th. JPMorgan Chase & Co. cut their price target on shares of Honeywell International from $235.00 to $233.00 and set a “neutral” rating for the company in a research note on Friday, October 25th. Robert W. Baird cut shares of Honeywell International from an “outperform” rating to a “neutral” rating and dropped their target price for the company from $223.00 to $217.00 in a report on Friday, October 25th. Barclays lifted their price target on Honeywell International from $229.00 to $252.00 and gave the stock an “overweight” rating in a report on Wednesday, November 13th. Finally, Wolfe Research lowered Honeywell International from an “outperform” rating to a “peer perform” rating in a research note on Monday, October 28th. Nine analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target 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.