Commerce Bank Sells 2,351 Shares of Honeywell International Inc. (NASDAQ:HON)

Commerce Bank trimmed its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 1.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 190,884 shares of the conglomerate’s stock after selling 2,351 shares during the quarter. Commerce Bank’s holdings in Honeywell International were worth $39,458,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in HON. LGT Group Foundation purchased a new position in shares of Honeywell International in the 1st quarter worth about $26,000. Reston Wealth Management LLC purchased a new position in shares of Honeywell International in the 3rd quarter worth about $29,000. Planning Capital Management Corp boosted its holdings in shares of Honeywell International by 96.4% in 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 in the last quarter. Financial Connections Group Inc. purchased a new position in shares of Honeywell International in the 2nd quarter worth about $38,000. Finally, Pathway Financial Advisers LLC purchased a new position in shares of Honeywell International in the 1st quarter worth about $39,000. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

Honeywell International Stock Down 0.3 %

Shares of NASDAQ:HON opened at $228.20 on Wednesday. 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 firm has a market capitalization of $148.39 billion, a P/E ratio of 26.35, a P/E/G ratio of 2.72 and a beta of 1.03. The stock has a 50 day moving average price of $212.49 and a 200-day moving average price of $208.41. Honeywell International Inc. has a 52-week low of $189.66 and a 52-week high of $242.77.

Honeywell International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be paid a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a yield of 1.98%. This is an increase 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 currently 52.19%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on HON shares. Wolfe Research cut Honeywell International from an “outperform” rating to a “peer perform” rating in a report on Monday, October 28th. Baird R W lowered Honeywell International from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 25th. JPMorgan Chase & Co. lowered their target price on Honeywell International from $235.00 to $233.00 and set a “neutral” rating for the company in a research note on Friday, October 25th. Wells Fargo & Company upped their price target on Honeywell International from $215.00 to $254.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 13th. Finally, StockNews.com raised Honeywell International from a “hold” rating to a “buy” rating in a research report on Sunday, November 3rd. Nine equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Honeywell International has a consensus rating of “Hold” and a consensus price target of $241.45.

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.