STAR Financial Bank Sells 1,117 Shares of Honeywell International Inc. (NASDAQ:HON)

STAR Financial Bank reduced its position in shares of Honeywell International Inc. (NASDAQ:HON) by 19.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,719 shares of the conglomerate’s stock after selling 1,117 shares during the period. STAR Financial Bank’s holdings in Honeywell International were worth $975,000 at the end of the most recent reporting period.

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

Honeywell International Trading Down 0.7 %

Shares of HON opened at $226.67 on Thursday. The firm has a market cap of $147.39 billion, a price-to-earnings ratio of 26.17, a PEG ratio of 2.72 and a beta of 1.03. 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 Inc. has a fifty-two week low of $189.66 and a fifty-two week high of $242.77. The firm has a 50 day moving average price of $212.94 and a 200-day moving average price of $208.54.

Honeywell International Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 15th will be issued a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a dividend yield of 1.99%. 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. Honeywell International’s payout ratio is presently 52.19%.

Wall Street Analyst Weigh In

HON has been the topic of a number of recent research reports. Royal Bank of Canada raised 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, November 13th. Wells Fargo & Company lifted their price target on shares of Honeywell International from $215.00 to $254.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 13th. Wolfe Research lowered shares of Honeywell International from an “outperform” rating to a “peer perform” rating in a research note on Monday, October 28th. UBS Group reissued a “buy” rating and issued a $298.00 price objective (up previously from $215.00) on shares of Honeywell International in a report on Wednesday, November 13th. Finally, StockNews.com raised shares of Honeywell International from a “hold” rating to a “buy” rating in a report on Sunday, November 3rd. Nine research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $241.45.

About Honeywell International

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.