VeraBank N.A. Trims Stake in Honeywell International Inc. (NASDAQ:HON)

VeraBank N.A. trimmed its position in shares of Honeywell International Inc. (NASDAQ:HON) by 3.1% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,812 shares of the conglomerate’s stock after selling 120 shares during the quarter. VeraBank N.A.’s holdings in Honeywell International were worth $788,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in HON. LGT Group Foundation purchased a new stake in shares of Honeywell International in the 1st quarter worth about $26,000. Reston Wealth Management LLC bought a new stake in Honeywell International during the third quarter worth about $29,000. Financial Connections Group Inc. purchased a new stake in Honeywell International in the second quarter worth about $38,000. Pathway Financial Advisers LLC purchased a new position in shares of Honeywell International during the first quarter valued at approximately $39,000. Finally, Western Pacific Wealth Management LP bought a new stake in shares of Honeywell International in the 3rd quarter worth approximately $41,000. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on HON. JPMorgan Chase & Co. reduced their price target on Honeywell International from $235.00 to $233.00 and set a “neutral” rating for the company in a report on Friday, October 25th. Barclays reduced their price objective on shares of Honeywell International from $232.00 to $229.00 and set an “overweight” rating for the company in a research note on Friday, October 25th. StockNews.com upgraded shares of Honeywell International from a “hold” rating to a “buy” rating in a report on Sunday, November 3rd. Bank of America restated 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. Finally, Robert W. Baird lowered Honeywell International from an “outperform” rating to a “neutral” rating and reduced their target price for the stock from $223.00 to $217.00 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. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $223.73.

Honeywell International Stock Performance

NASDAQ:HON traded up $1.99 on Friday, hitting $219.49. The stock had a trading volume of 5,694,771 shares, compared to its average volume of 4,861,205. Honeywell International Inc. has a 52-week low of $183.20 and a 52-week high of $222.98. The stock has a market cap of $142.72 billion, a price-to-earnings ratio of 25.35, a price-to-earnings-growth ratio of 2.57 and a beta of 1.03. The company has a quick ratio of 1.12, a current ratio of 1.44 and a debt-to-equity ratio of 1.44. The business’s 50-day simple moving average is $208.74 and its two-hundred day simple moving average is $206.56.

Honeywell International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Stockholders 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 dividend yield of 2.06%. 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. Honeywell International’s dividend payout ratio (DPR) is currently 49.88%.

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.