Atlantic Union Bankshares Corp Sells 1,811 Shares of Honeywell International Inc. (NASDAQ:HON)

Atlantic Union Bankshares Corp trimmed its position in shares of Honeywell International Inc. (NASDAQ:HON) by 4.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 39,269 shares of the conglomerate’s stock after selling 1,811 shares during the period. Atlantic Union Bankshares Corp’s holdings in Honeywell International were worth $8,117,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in HON. Quent Capital LLC raised its stake in shares of Honeywell International by 4.7% in the first quarter. Quent Capital LLC now owns 1,722 shares of the conglomerate’s stock valued at $353,000 after purchasing an additional 77 shares in the last quarter. Cetera Investment Advisers lifted its stake in Honeywell International by 357.5% during the first quarter. Cetera Investment Advisers now owns 235,402 shares of the conglomerate’s stock worth $48,316,000 after purchasing an additional 183,945 shares during the period. Pathway Financial Advisers LLC acquired a new stake in Honeywell International during the first quarter valued at approximately $39,000. EverSource Wealth Advisors LLC grew its stake in shares of Honeywell International by 17.9% in the 1st quarter. EverSource Wealth Advisors LLC now owns 2,448 shares of the conglomerate’s stock valued at $472,000 after purchasing an additional 371 shares during the period. Finally, OMC Financial Services LTD acquired a new position in Honeywell International during the first quarter worth $208,000. Institutional investors own 75.91% of the company’s stock.

Honeywell International Trading Down 0.3 %

NASDAQ HON opened at $229.64 on Friday. The company has a market capitalization of $149.32 billion, a PE ratio of 26.52, a P/E/G ratio of 2.73 and a beta of 1.03. The stock has a 50-day simple moving average of $215.98 and a 200 day simple moving average of $209.74. The company has a current ratio of 1.44, a quick ratio of 1.12 and a debt-to-equity ratio of 1.44. Honeywell International Inc. has a 12 month low of $189.66 and a 12 month high of $242.77.

Honeywell International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be issued a $1.13 dividend. The ex-dividend date is Friday, November 15th. 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 1.97%. Honeywell International’s dividend payout ratio (DPR) is 52.19%.

Analyst Upgrades and Downgrades

HON has been the topic of several recent analyst reports. Baird R W downgraded shares of Honeywell International from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 25th. Barclays increased their price target on Honeywell International from $229.00 to $252.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 13th. Morgan Stanley initiated coverage on Honeywell International in a report on Friday, September 6th. They issued an “equal weight” rating and a $210.00 price target for the company. Wells Fargo & Company increased their price objective on shares of Honeywell International from $215.00 to $254.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 13th. Finally, Royal Bank of Canada boosted their price objective on shares of Honeywell International from $213.00 to $253.00 and gave the stock a “sector perform” rating in a research report on Wednesday, November 13th. Nine equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price 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.