WASHINGTON TRUST Co Sells 716 Shares of Honeywell International Inc. (NASDAQ:HON)

WASHINGTON TRUST Co decreased its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 0.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 80,841 shares of the conglomerate’s stock after selling 716 shares during the period. WASHINGTON TRUST Co’s holdings in Honeywell International were worth $16,711,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Capital Wealth Planning LLC bought a new position in shares of Honeywell International during the second quarter valued at approximately $392,478,000. Price T Rowe Associates Inc. MD grew its stake in shares of Honeywell International by 22.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,587,718 shares of the conglomerate’s stock worth $1,967,880,000 after buying an additional 1,746,759 shares during the last quarter. International Assets Investment Management LLC increased its position in Honeywell International by 24,683.3% during the 3rd quarter. International Assets Investment Management LLC now owns 948,704 shares of the conglomerate’s stock valued at $1,961,070,000 after buying an additional 944,876 shares in the last quarter. Natixis raised its stake in Honeywell International by 184.8% during the first quarter. Natixis now owns 838,716 shares of the conglomerate’s stock valued at $172,146,000 after buying an additional 544,175 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in Honeywell International by 12.4% in the second quarter. Dimensional Fund Advisors LP now owns 2,950,562 shares of the conglomerate’s stock worth $630,086,000 after acquiring an additional 325,272 shares in the last quarter. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Honeywell International Stock Performance

Shares of Honeywell International stock traded up $0.03 during trading hours on Wednesday, reaching $206.01. 884,030 shares of the stock traded hands, compared to its average volume of 2,929,403. The company has a 50 day moving average price of $207.65 and a 200 day moving average price of $205.65. Honeywell International Inc. has a one year low of $179.18 and a one year high of $222.98. The company has a quick ratio of 0.91, a current ratio of 1.21 and a debt-to-equity ratio of 1.19. The firm has a market capitalization of $134.15 billion, a price-to-earnings ratio of 23.87, a P/E/G ratio of 2.45 and a beta of 1.03.

Honeywell International Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be 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 2.19%. The ex-dividend date of this dividend is Friday, November 15th. Honeywell International’s dividend payout ratio (DPR) is currently 52.38%.

Wall Street Analyst Weigh In

HON has been the subject of several analyst reports. Barclays reduced their price target on Honeywell International from $232.00 to $229.00 and set an “overweight” rating for the company in a report on Friday, October 25th. Wolfe Research downgraded shares of Honeywell International from an “outperform” rating to a “peer perform” rating in a research note on Monday. Wells Fargo & Company raised their price target on shares of Honeywell International from $207.00 to $215.00 and gave the company an “equal weight” rating in a research report on Friday, October 25th. Bank of America reaffirmed a “neutral” rating and issued a $230.00 price objective (down from $250.00) on shares of Honeywell International in a research report on Thursday, October 24th. Finally, StockNews.com raised Honeywell International from a “hold” rating to a “buy” rating in a report on Monday. Ten equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $223.73.

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.