Honeywell International Inc. (NASDAQ:HON) Stock Position Reduced by Coastline Trust Co

Coastline Trust Co trimmed its position in Honeywell International Inc. (NASDAQ:HON) by 28.6% in the third quarter, Holdings Channel.com reports. The fund owned 9,379 shares of the conglomerate’s stock after selling 3,752 shares during the period. Coastline Trust Co’s holdings in Honeywell International were worth $1,939,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the company. LGT Group Foundation acquired a new stake in shares of Honeywell International during the 1st quarter worth approximately $26,000. Reston Wealth Management LLC acquired a new stake in Honeywell International in the third quarter worth $29,000. Planning Capital Management Corp lifted its stake in Honeywell International by 96.4% in the third quarter. Planning Capital Management Corp now owns 165 shares of the conglomerate’s stock valued at $34,000 after buying an additional 81 shares during the last quarter. Financial Connections Group Inc. acquired a new position in shares of Honeywell International during the second quarter valued at $38,000. Finally, Pathway Financial Advisers LLC bought a new position in shares of Honeywell International during the first quarter worth about $39,000. 75.91% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently weighed in on HON shares. Baird R W downgraded shares of Honeywell International from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 25th. Bank of America lifted their price target on Honeywell International from $220.00 to $240.00 and gave the company a “neutral” rating in a report on Thursday. UBS Group restated a “buy” rating and issued a $298.00 target price (up from $215.00) on shares of Honeywell International in a research report on Wednesday. Citigroup reduced their price target on Honeywell International from $248.00 to $244.00 and set a “buy” rating for the company in a research report on Friday, October 25th. Finally, Royal Bank of Canada lifted their price objective on shares of Honeywell International from $213.00 to $253.00 and gave the company a “sector perform” rating in a research note on Wednesday. Nine equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, Honeywell International currently has an average rating of “Hold” and an average price target of $241.45.

Honeywell International Stock Performance

Shares of HON opened at $228.99 on Friday. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.44 and a quick ratio of 1.12. The firm’s 50 day moving average is $211.39 and its 200-day moving average is $207.74. Honeywell International Inc. has a 12-month low of $189.66 and a 12-month high of $242.77. The stock has a market capitalization of $148.90 billion, a P/E ratio of 26.44, a P/E/G ratio of 2.77 and a beta of 1.03.

Honeywell International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be given a $1.13 dividend. This is a positive change from Honeywell International’s previous quarterly dividend of $1.08. The ex-dividend date of this dividend is Friday, November 15th. This represents a $4.52 annualized dividend and a yield of 1.97%. Honeywell International’s payout ratio is 49.88%.

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.