City Holding Co. Reduces Position in Honeywell International Inc. (NASDAQ:HON)

City Holding Co. trimmed its stake in Honeywell International Inc. (NASDAQ:HON) by 6.5% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,663 shares of the conglomerate’s stock after selling 810 shares during the quarter. City Holding Co.’s holdings in Honeywell International were worth $2,411,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Price T Rowe Associates Inc. MD lifted its holdings in 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 valued at $1,967,880,000 after purchasing an additional 1,746,759 shares in the last quarter. Ameriprise Financial Inc. raised its position in shares of Honeywell International by 3.9% in the second quarter. Ameriprise Financial Inc. now owns 8,365,840 shares of the conglomerate’s stock valued at $1,786,449,000 after buying an additional 310,807 shares during the last quarter. Legal & General Group Plc lifted its stake in shares of Honeywell International by 0.9% during the second quarter. Legal & General Group Plc now owns 4,910,551 shares of the conglomerate’s stock valued at $1,048,600,000 after buying an additional 42,305 shares during the period. Capital Research Global Investors lifted its stake in shares of Honeywell International by 6.7% during the first quarter. Capital Research Global Investors now owns 3,402,252 shares of the conglomerate’s stock valued at $698,312,000 after buying an additional 212,327 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in Honeywell International by 12.4% during 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 during the last quarter. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

HON has been the topic of a number of 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 price target on the stock. Wells Fargo & Company decreased their price target on Honeywell International from $215.00 to $207.00 and set an “equal weight” rating on the stock in a research note on Monday. Royal Bank of Canada restated a “sector perform” rating and issued a $214.00 price target on shares of Honeywell International in a report on Thursday, September 26th. Finally, StockNews.com lowered shares of Honeywell International from a “buy” rating to a “hold” rating in a report on Friday, August 30th. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, Honeywell International has an average rating of “Hold” and a consensus target price of $222.13.

Honeywell International Stock Performance

NASDAQ HON opened at $207.00 on Wednesday. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.21 and a quick ratio of 0.91. Honeywell International Inc. has a 1-year low of $174.88 and a 1-year high of $220.79. The firm has a market capitalization of $134.80 billion, a P/E ratio of 23.99, a P/E/G ratio of 2.32 and a beta of 1.03. The business’s 50-day simple moving average is $202.82 and its 200-day simple moving average is $203.92.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings results on Thursday, July 25th. The conglomerate reported $2.49 earnings per share for the quarter, beating analysts’ consensus estimates of $2.42 by $0.07. Honeywell International had a net margin of 15.49% and a return on equity of 36.87%. The firm had revenue of $9.58 billion for the quarter, compared to analysts’ expectations of $9.41 billion. During the same period in the previous year, the company posted $2.23 earnings per share. Honeywell International’s revenue was up 4.7% compared to the same quarter last year. Equities analysts predict that Honeywell International Inc. will post 10.11 EPS for the current year.

Honeywell International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 15th will be paid a dividend of $1.13 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.18%. This is a positive change from Honeywell International’s previous quarterly dividend of $1.08. Honeywell International’s dividend payout ratio (DPR) is currently 52.38%.

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.