Associated Banc Corp Cuts Stake in Honeywell International Inc. (NASDAQ:HON)

Associated Banc Corp reduced its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 7.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 47,777 shares of the conglomerate’s stock after selling 4,024 shares during the quarter. Associated Banc Corp’s holdings in Honeywell International were worth $9,876,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Reston Wealth Management LLC purchased a new stake in shares of Honeywell International in the third quarter valued at $29,000. Planning Capital Management Corp boosted its holdings 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 purchasing an additional 81 shares during the last quarter. Financial Connections Group Inc. bought a new stake in shares of Honeywell International in the second quarter worth $38,000. Pathway Financial Advisers LLC bought a new position in shares of Honeywell International during the first quarter worth about $39,000. Finally, TruNorth Capital Management LLC acquired a new stake in shares of Honeywell International during the 2nd quarter valued at approximately $43,000. Institutional investors and hedge funds own 75.91% of the company’s stock.

Wall Street Analyst Weigh In

HON has been the topic of several recent analyst reports. Morgan Stanley started coverage on Honeywell International in a research note on Friday, September 6th. They set an “equal weight” rating and a $210.00 target price on the stock. Bank of America boosted their target price on shares of Honeywell International from $220.00 to $240.00 and gave the company a “neutral” rating in a research note on Thursday, November 14th. Wells Fargo & Company upped 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 note on Wednesday, November 13th. Robert W. Baird lowered shares of Honeywell International from an “outperform” rating to a “neutral” rating and dropped their price target for the stock from $223.00 to $217.00 in a research note on Friday, October 25th. Finally, Barclays upped their price objective on shares of Honeywell International from $229.00 to $252.00 and gave the stock an “overweight” rating in a report on Wednesday, November 13th. Nine analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $241.45.

Honeywell International Price Performance

Shares of HON stock traded up $2.24 during mid-day trading on Monday, reaching $231.35. The company’s stock had a trading volume of 192,732 shares, compared to its average volume of 3,115,389. 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’s 50-day moving average is $213.86 and its two-hundred day moving average is $209.06. Honeywell International Inc. has a 1-year low of $189.66 and a 1-year high of $242.77. The company has a market cap of $150.43 billion, a P/E ratio of 26.51, a PEG ratio of 2.72 and a beta of 1.03.

Honeywell International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be paid a dividend of $1.13 per share. This is a positive change from Honeywell International’s previous quarterly dividend of $1.08. This represents a $4.52 annualized dividend and a yield of 1.95%. The ex-dividend date of this dividend is Friday, November 15th. Honeywell International’s dividend payout ratio is currently 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.