First Western Trust Bank Has $4.92 Million Stock Holdings in Honeywell International Inc. (NASDAQ:HON)

First Western Trust Bank lowered its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 10.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 23,812 shares of the conglomerate’s stock after selling 2,851 shares during the period. First Western Trust Bank’s holdings in Honeywell International were worth $4,922,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in HON. Quent Capital LLC increased its stake in shares of Honeywell International by 4.7% in the 1st quarter. Quent Capital LLC now owns 1,722 shares of the conglomerate’s stock valued at $353,000 after acquiring an additional 77 shares in the last quarter. Covestor Ltd grew its holdings in Honeywell International by 17.3% in the first quarter. Covestor Ltd now owns 447 shares of the conglomerate’s stock worth $92,000 after purchasing an additional 66 shares during the period. Delta Asset Management LLC TN increased its stake in Honeywell International by 0.8% in the first quarter. Delta Asset Management LLC TN now owns 214,533 shares of the conglomerate’s stock valued at $44,033,000 after purchasing an additional 1,805 shares in the last quarter. Hilltop Partners LLC raised its holdings in shares of Honeywell International by 6.4% during the first quarter. Hilltop Partners LLC now owns 4,511 shares of the conglomerate’s stock valued at $926,000 after purchasing an additional 271 shares during the period. Finally, Bessemer Group Inc. boosted its position in shares of Honeywell International by 13.8% during the 1st quarter. Bessemer Group Inc. now owns 792,137 shares of the conglomerate’s stock worth $162,586,000 after purchasing an additional 95,919 shares in the last quarter. 75.91% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on HON. JPMorgan Chase & Co. decreased their target price on Honeywell International from $235.00 to $233.00 and set a “neutral” rating for the company in a research report on Friday, October 25th. Royal Bank of Canada upped their target price on Honeywell International from $213.00 to $253.00 and gave the stock a “sector perform” rating in a research report on Wednesday, November 13th. Wells Fargo & Company lifted their price target on shares of Honeywell International from $215.00 to $254.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 13th. StockNews.com upgraded shares of Honeywell International from a “hold” rating to a “buy” rating in a research note on Sunday, November 3rd. Finally, Bank of America raised their price objective on shares of Honeywell International from $220.00 to $240.00 and gave the company a “neutral” rating in a research note on Thursday. Nine analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $241.45.

Honeywell International Price Performance

HON opened at $228.99 on Monday. Honeywell International Inc. has a fifty-two week low of $189.66 and a fifty-two week high of $242.77. The firm has a 50-day moving average of $211.39 and a 200 day moving average of $207.94. 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 cap of $148.90 billion, a P/E ratio of 26.44, a PEG ratio of 2.72 and a beta of 1.03.

Honeywell International Increases Dividend

The business 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. The ex-dividend date of this dividend is Friday, November 15th. This represents a $4.52 annualized dividend and a dividend yield of 1.97%. This is a positive change from Honeywell International’s previous quarterly dividend of $1.08. Honeywell International’s dividend payout ratio (DPR) is presently 49.88%.

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.