Missouri Trust & Investment Co Buys 1,017 Shares of Honeywell International Inc. (NASDAQ:HON)

Missouri Trust & Investment Co raised its stake in Honeywell International Inc. (NASDAQ:HON) by 8.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,884 shares of the conglomerate’s stock after acquiring an additional 1,017 shares during the quarter. Honeywell International comprises 0.9% of Missouri Trust & Investment Co’s holdings, making the stock its 14th largest position. Missouri Trust & Investment Co’s holdings in Honeywell International were worth $2,663,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the company. LGT Group Foundation acquired a new stake in shares of Honeywell International in the first quarter valued at approximately $26,000. Reston Wealth Management LLC acquired a new position in Honeywell International in the 3rd quarter valued at $29,000. Financial Connections Group Inc. bought a new stake in shares of Honeywell International during the 2nd quarter valued at $38,000. Pathway Financial Advisers LLC acquired a new position in Honeywell International in the first quarter valued at about $39,000. Finally, Western Pacific Wealth Management LP acquired a new position in Honeywell International in the third quarter valued at about $41,000. Institutional investors own 75.91% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on HON shares. Baird R W downgraded Honeywell International from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 25th. StockNews.com raised Honeywell International from a “hold” rating to a “buy” rating in a research note on Sunday, November 3rd. Morgan Stanley started coverage on shares of Honeywell International in a research report on Friday, September 6th. They set an “equal weight” rating and a $210.00 target price on the stock. JPMorgan Chase & Co. decreased their price target on shares of Honeywell International from $235.00 to $233.00 and set a “neutral” rating for the company in a research report on Friday, October 25th. Finally, Wolfe Research lowered shares of Honeywell International from an “outperform” rating to a “peer perform” rating in a report on Monday, October 28th. Ten analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $223.73.

Honeywell International Stock Up 4.6 %

Shares of HON traded up $10.25 during trading hours on Tuesday, reaching $235.49. The stock had a trading volume of 4,375,394 shares, compared to its average volume of 3,055,185. The company has a market capitalization of $153.13 billion, a price-to-earnings ratio of 26.01, a P/E/G ratio of 2.61 and a beta of 1.03. The firm has a 50-day simple moving average of $209.09 and a 200 day simple moving average of $206.87. 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 12 month low of $185.71 and a 12 month high of $241.20.

Honeywell International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be issued a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a yield of 1.92%. This is an increase from Honeywell International’s previous quarterly dividend of $1.08. The ex-dividend date of this dividend is Friday, November 15th. Honeywell International’s payout ratio is currently 52.19%.

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.