First American Bank Lowers Holdings in Honeywell International Inc. (NASDAQ:HON)

First American Bank trimmed its holdings in Honeywell International Inc. (NASDAQ:HON) by 0.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 44,526 shares of the conglomerate’s stock after selling 128 shares during the period. First American Bank’s holdings in Honeywell International were worth $9,204,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also made changes to their positions in the company. LVW Advisors LLC lifted its position in shares of Honeywell International by 5.7% in the first quarter. LVW Advisors LLC now owns 1,572 shares of the conglomerate’s stock worth $323,000 after buying an additional 85 shares in the last quarter. BKM Wealth Management LLC lifted its position in shares of Honeywell International by 33.6% in the first quarter. BKM Wealth Management LLC now owns 2,495 shares of the conglomerate’s stock worth $512,000 after buying an additional 628 shares in the last quarter. Hexagon Capital Partners LLC lifted its position in shares of Honeywell International by 11.5% in the first quarter. Hexagon Capital Partners LLC now owns 1,518 shares of the conglomerate’s stock worth $312,000 after buying an additional 156 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of Honeywell International by 12.7% in the first quarter. Allspring Global Investments Holdings LLC now owns 162,774 shares of the conglomerate’s stock worth $33,409,000 after buying an additional 18,300 shares in the last quarter. Finally, Iams Wealth Management LLC lifted its position in shares of Honeywell International by 5.5% in the first quarter. Iams Wealth Management LLC now owns 8,983 shares of the conglomerate’s stock worth $1,775,000 after buying an additional 466 shares in the last quarter. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on HON shares. Morgan Stanley began coverage on Honeywell International in a research report on Friday, September 6th. They issued an “equal weight” rating and a $210.00 target price on the stock. Royal Bank of Canada decreased their price objective on Honeywell International from $214.00 to $213.00 and set a “sector perform” rating on the stock in a research report on Friday. StockNews.com downgraded Honeywell International from a “buy” rating to a “hold” rating in a research report on Friday, August 30th. Wells Fargo & Company upped their price objective on Honeywell International from $207.00 to $215.00 and gave the company an “equal weight” rating in a research report on Friday. Finally, Wolfe Research downgraded Honeywell International from an “outperform” rating to a “peer perform” rating in a research report on Monday. Eleven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Honeywell International has an average rating of “Hold” and a consensus price target of $223.73.

Honeywell International Trading Down 0.5 %

HON opened at $208.00 on Monday. The stock has a market cap of $135.45 billion, a price-to-earnings ratio of 24.10, a P/E/G ratio of 2.45 and a beta of 1.03. The stock’s 50 day moving average price is $207.39 and its 200-day moving average price is $205.51. Honeywell International Inc. has a one year low of $174.88 and a one year high of $222.98. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.91 and a current ratio of 1.21.

Honeywell International (NASDAQ:HON) last released its earnings results on Thursday, October 24th. The conglomerate reported $2.58 EPS for the quarter, beating analysts’ consensus estimates of $2.50 by $0.08. Honeywell International had a return on equity of 36.87% and a net margin of 15.49%. The firm had revenue of $9.73 billion for the quarter, compared to analysts’ expectations of $9.90 billion. On average, equities analysts forecast that Honeywell International Inc. will post 10.1 EPS for the current year.

Honeywell International Increases Dividend

The company also recently disclosed 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 represents a $4.52 annualized dividend and a yield of 2.17%. This is a boost from Honeywell International’s previous quarterly dividend of $1.08. Honeywell International’s dividend payout ratio is 52.38%.

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.