1ST Source Bank Cuts Holdings in Honeywell International Inc. (NASDAQ:HON)

1ST Source Bank lowered its position in shares of Honeywell International Inc. (NASDAQ:HON) by 0.7% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 92,082 shares of the conglomerate’s stock after selling 672 shares during the quarter. Honeywell International accounts for approximately 1.1% of 1ST Source Bank’s investment portfolio, making the stock its 15th biggest holding. 1ST Source Bank’s holdings in Honeywell International were worth $19,034,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Fiduciary Financial Group LLC purchased a new position in shares of Honeywell International in the second quarter worth about $248,000. Silver Lake Advisory LLC bought a new position in shares of Honeywell International in the second quarter worth $198,000. Blue Trust Inc. grew its position in shares of Honeywell International by 29.8% in the second quarter. Blue Trust Inc. now owns 5,448 shares of the conglomerate’s stock valued at $1,118,000 after purchasing an additional 1,252 shares in the last quarter. Stanley Laman Group Ltd. raised its stake in shares of Honeywell International by 2.3% during the 2nd quarter. Stanley Laman Group Ltd. now owns 22,948 shares of the conglomerate’s stock valued at $4,900,000 after purchasing an additional 520 shares during the period. Finally, Rovin Capital UT ADV boosted its stake in Honeywell International by 12.7% in the 2nd quarter. Rovin Capital UT ADV now owns 1,560 shares of the conglomerate’s stock worth $333,000 after purchasing an additional 176 shares during the period. 75.91% of the stock is owned by institutional investors.

Analyst Ratings Changes

HON has been the subject of a number of analyst reports. Wells Fargo & Company raised their price objective 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. Bank of America lifted their price objective on Honeywell International from $220.00 to $240.00 and gave the company a “neutral” rating in a research note on Thursday, November 14th. Wolfe Research lowered Honeywell International from an “outperform” rating to a “peer perform” rating in a research note on Monday, October 28th. Citigroup boosted their price objective on Honeywell International from $244.00 to $268.00 and gave the stock a “buy” rating in a report on Monday. Finally, Barclays raised their target price on shares of Honeywell International from $252.00 to $260.00 and gave the company an “overweight” rating in a research note on Thursday, December 5th. Ten investment analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $248.77.

Honeywell International Trading Up 0.5 %

HON traded up $1.17 on Friday, hitting $228.86. 294,935 shares of the company were exchanged, compared to its average volume of 3,131,224. 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 fifty day simple moving average of $220.58 and a two-hundred day simple moving average of $211.47. The stock has a market capitalization of $148.82 billion, a PE ratio of 26.29, a price-to-earnings-growth ratio of 2.85 and a beta of 1.05. Honeywell International Inc. has a 12 month low of $189.66 and a 12 month high of $242.77.

Honeywell International Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Friday, November 15th were paid a $1.13 dividend. This represents a $4.52 annualized dividend and a dividend yield of 1.98%. This is an increase from Honeywell International’s previous quarterly dividend of $1.08. The ex-dividend date of this dividend was Friday, November 15th. Honeywell International’s payout ratio is presently 52.19%.

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.