Camden National Bank Sells 146 Shares of Honeywell International Inc. (NASDAQ:HON)

Camden National Bank lowered its stake in Honeywell International Inc. (NASDAQ:HON) by 2.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 6,883 shares of the conglomerate’s stock after selling 146 shares during the quarter. Camden National Bank’s holdings in Honeywell International were worth $1,423,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Reston Wealth Management LLC acquired a new position in Honeywell International during the 3rd quarter worth approximately $29,000. Planning Capital Management Corp grew its position 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 in the last quarter. Financial Connections Group Inc. acquired a new stake in Honeywell International in the 2nd quarter valued at $38,000. Pathway Financial Advisers LLC bought a new stake in Honeywell International during the 1st quarter worth about $39,000. Finally, Western Pacific Wealth Management LP acquired a new position in shares of Honeywell International during the 3rd quarter worth about $41,000. Institutional investors and hedge funds own 75.91% of the company’s stock.

Honeywell International Stock Up 1.3 %

Shares of NASDAQ HON opened at $229.11 on Friday. The stock has a market capitalization of $148.98 billion, a P/E ratio of 26.46, a PEG ratio of 2.71 and a beta of 1.03. The stock’s fifty day moving average is $213.86 and its 200 day moving average is $208.90. Honeywell International Inc. has a 52 week low of $189.66 and a 52 week high of $242.77. 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 Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be given a dividend of $1.13 per share. This is a positive change from Honeywell International’s previous quarterly dividend of $1.08. The ex-dividend date is Friday, November 15th. This represents a $4.52 annualized dividend and a dividend yield of 1.97%. Honeywell International’s dividend payout ratio (DPR) is currently 52.19%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on HON shares. Robert W. Baird downgraded Honeywell International from an “outperform” rating to a “neutral” rating and decreased their price target for the company from $223.00 to $217.00 in a research note on Friday, October 25th. Wolfe Research cut shares of Honeywell International from an “outperform” rating to a “peer perform” rating in a research note on Monday, October 28th. Royal Bank of Canada upped their target price on shares of Honeywell International from $213.00 to $253.00 and gave the company a “sector perform” rating in a report on Wednesday, November 13th. Morgan Stanley initiated coverage on Honeywell International in a report on Friday, September 6th. They set an “equal weight” rating and a $210.00 price target for the company. Finally, StockNews.com upgraded Honeywell International from a “hold” rating to a “buy” rating in a research note on Sunday, November 3rd. Nine analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, Honeywell International currently has a consensus rating of “Hold” and a consensus price target of $241.45.

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.