First Western Trust Bank Sells 2,851 Shares of Honeywell International Inc. (NASDAQ:HON)

First Western Trust Bank reduced its stake in Honeywell International Inc. (NASDAQ:HON) by 10.7% in the third quarter, according to its most recent Form 13F filing 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 reporting period.

Several other hedge funds also recently made changes to their positions in the stock. Aviso Wealth Management boosted its position in shares of Honeywell International by 50.1% in the third quarter. Aviso Wealth Management now owns 8,014 shares of the conglomerate’s stock valued at $1,657,000 after acquiring an additional 2,674 shares during the period. Taurus Asset Management LLC lifted its stake in Honeywell International by 5.6% in the 3rd quarter. Taurus Asset Management LLC now owns 1,346 shares of the conglomerate’s stock worth $278,000 after purchasing an additional 71 shares in the last quarter. Quest Partners LLC boosted its holdings in Honeywell International by 471,350.0% in the 3rd quarter. Quest Partners LLC now owns 9,429 shares of the conglomerate’s stock valued at $1,949,000 after purchasing an additional 9,427 shares during the period. Aljian Capital Management LLC purchased a new position in shares of Honeywell International during the 3rd quarter valued at $216,000. Finally, Accent Capital Management LLC increased its holdings in shares of Honeywell International by 261.3% in the third quarter. Accent Capital Management LLC now owns 8,888 shares of the conglomerate’s stock worth $1,837,000 after purchasing an additional 6,428 shares during the period. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

Honeywell International Price Performance

HON stock opened at $228.99 on Monday. The firm has a market cap of $148.90 billion, a P/E ratio of 26.44, a P/E/G ratio of 2.72 and a beta of 1.03. The firm’s fifty day moving average is $211.39 and its 200 day moving average is $207.94. Honeywell International Inc. has a 52 week low of $189.66 and a 52 week high of $242.77. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.12 and a current ratio of 1.44.

Honeywell International Increases Dividend

The business also recently disclosed 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 is a boost from Honeywell International’s previous quarterly dividend of $1.08. This represents a $4.52 dividend on an annualized basis and a dividend yield of 1.97%. The ex-dividend date of this dividend is Friday, November 15th. Honeywell International’s dividend payout ratio (DPR) is 49.88%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on HON shares. Citigroup dropped their price objective on Honeywell International from $248.00 to $244.00 and set a “buy” rating for the company in a research note on Friday, October 25th. Robert W. Baird lowered Honeywell International from an “outperform” rating to a “neutral” rating and cut their price objective for the stock from $223.00 to $217.00 in a report on Friday, October 25th. Baird R W downgraded shares of Honeywell International from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 25th. StockNews.com raised shares of Honeywell International from a “hold” rating to a “buy” rating in a research note on Sunday, November 3rd. Finally, Barclays raised their price objective on shares of Honeywell International from $229.00 to $252.00 and gave the company an “overweight” rating in a research report on Wednesday, November 13th. Nine equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, Honeywell International currently has a consensus rating of “Hold” and a consensus target price 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.