OLD Second National Bank of Aurora lessened its holdings in Honeywell International Inc. (NASDAQ:HON – Free Report) by 3.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,989 shares of the conglomerate’s stock after selling 376 shares during the quarter. OLD Second National Bank of Aurora’s holdings in Honeywell International were worth $2,326,000 as of its most recent SEC filing.
Several other large investors also recently modified their holdings of HON. Pandora Wealth Inc. bought a new position in shares of Honeywell International in the first quarter valued at approximately $33,000. 1248 Management LLC bought a new position in shares of Honeywell International in the 1st quarter valued at about $38,000. Dogwood Wealth Management LLC grew its holdings in Honeywell International by 143.9% during the 2nd quarter. Dogwood Wealth Management LLC now owns 161 shares of the conglomerate’s stock worth $39,000 after acquiring an additional 95 shares during the period. Stone House Investment Management LLC acquired a new position in Honeywell International in the first quarter valued at about $41,000. Finally, Quarry LP bought a new position in Honeywell International during the 1st quarter worth approximately $41,000. 75.91% of the stock is currently owned by institutional investors.
Honeywell International Trading Up 0.4%
Shares of HON stock opened at $211.01 on Friday. The stock’s fifty day moving average price is $215.93 and its two-hundred day moving average price is $217.35. The company has a market cap of $133.97 billion, a PE ratio of 24.01, a P/E/G ratio of 2.37 and a beta of 1.06. Honeywell International Inc. has a fifty-two week low of $179.36 and a fifty-two week high of $242.77. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.97 and a current ratio of 1.29.
Honeywell International Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 5th. Shareholders of record on Friday, November 14th will be issued a dividend of $1.19 per share. The ex-dividend date of this dividend is Friday, November 14th. This represents a $4.76 dividend on an annualized basis and a yield of 2.3%. This is a positive change from Honeywell International’s previous quarterly dividend of $1.13. Honeywell International’s payout ratio is presently 54.15%.
Insider Activity
In other Honeywell International news, CEO Lucian Boldea sold 42,149 shares of Honeywell International stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $221.58, for a total value of $9,339,375.42. Following the sale, the chief executive officer owned 10,334 shares of the company’s stock, valued at approximately $2,289,807.72. The trade was a 80.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.20% of the stock is currently owned by corporate insiders.
Analyst Ratings Changes
Several brokerages have issued reports on HON. Wells Fargo & Company lowered their price target on Honeywell International from $240.00 to $230.00 and set an “equal weight” rating for the company in a report on Friday, July 25th. Deutsche Bank Aktiengesellschaft lifted their target price on Honeywell International from $268.00 to $271.00 and gave the company a “buy” rating in a research report on Thursday. Barclays increased their price target on shares of Honeywell International from $258.00 to $265.00 and gave the company an “overweight” rating in a research note on Wednesday, July 9th. Royal Bank Of Canada decreased their target price on Honeywell International from $254.00 to $253.00 and set a “sector perform” rating on the stock in a report on Friday, July 25th. Finally, Morgan Stanley increased their price target on shares of Honeywell International from $225.00 to $245.00 and gave the company an “equal weight” rating in a report on Monday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat.com, Honeywell International currently has a consensus rating of “Moderate Buy” and a consensus price target of $254.79.
View Our Latest Analysis on HON
About Honeywell International
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.
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