1ST Source Bank Sells 672 Shares of Honeywell International Inc. (NASDAQ:HON)

1ST Source Bank cut its stake in Honeywell International Inc. (NASDAQ:HON) by 0.7% in the 3rd quarter, Holdings Channel reports. The firm owned 92,082 shares of the conglomerate’s stock after selling 672 shares during the period. Honeywell International makes up about 1.1% of 1ST Source Bank’s portfolio, making the stock its 15th biggest position. 1ST Source Bank’s holdings in Honeywell International were worth $19,034,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Teachers Insurance & Annuity Association of America purchased a new stake in shares of Honeywell International in the 3rd quarter worth about $25,000. Reston Wealth Management LLC purchased a new stake in Honeywell International in the third quarter worth about $29,000. Financial Avengers Inc. grew its stake in shares of Honeywell International by 48.1% in the 3rd quarter. Financial Avengers Inc. now owns 154 shares of the conglomerate’s stock worth $32,000 after buying an additional 50 shares during the last quarter. Planning Capital Management Corp increased its position in Honeywell International by 96.4% during the 3rd quarter. Planning Capital Management Corp now owns 165 shares of the conglomerate’s stock valued at $34,000 after buying an additional 81 shares in the last quarter. Finally, Financial Connections Group Inc. purchased a new position in Honeywell International during the second quarter valued at $38,000. 75.91% of the stock is owned by hedge funds and other institutional investors.

Honeywell International Stock Performance

HON stock traded up $1.17 during midday trading on Friday, reaching $228.86. 294,935 shares of the company’s stock traded hands, compared to its average volume of 3,131,224. The company has a current ratio of 1.44, a quick ratio of 1.12 and a debt-to-equity ratio of 1.44. Honeywell International Inc. has a 52-week low of $189.66 and a 52-week high of $242.77. The stock has a market cap of $148.82 billion, a P/E ratio of 26.29, a PEG ratio of 2.85 and a beta of 1.05. The stock’s 50-day moving average is $220.58 and its 200 day moving average is $211.47.

Honeywell International Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Friday, November 15th were issued a $1.13 dividend. 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 yield of 1.98%. The ex-dividend date of this dividend was Friday, November 15th. Honeywell International’s dividend payout ratio (DPR) is currently 52.19%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on HON. Bank of America increased their target price on Honeywell International from $220.00 to $240.00 and gave the stock a “neutral” rating in a research note on Thursday, November 14th. The Goldman Sachs Group raised their price target on shares of Honeywell International from $227.00 to $256.00 and gave the company a “buy” rating in a research report on Thursday. UBS Group reaffirmed a “buy” rating and issued a $298.00 price objective (up from $215.00) on shares of Honeywell International in a research report on Wednesday, November 13th. HSBC upgraded Honeywell International from a “hold” rating to a “buy” rating and set a $290.00 target price on the stock in a research note on Wednesday. Finally, Wells Fargo & Company boosted their price target on Honeywell International from $215.00 to $254.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 13th. Ten analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $248.77.

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.