Citizens Financial Group Inc. RI Grows Position in Honeywell International Inc. (NASDAQ:HON)

Citizens Financial Group Inc. RI raised its position in Honeywell International Inc. (NASDAQ:HON) by 5.9% in the third quarter, Holdings Channel reports. The fund owned 92,355 shares of the conglomerate’s stock after buying an additional 5,144 shares during the period. Citizens Financial Group Inc. RI’s holdings in Honeywell International were worth $19,091,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. LGT Group Foundation acquired a new stake in Honeywell International during the first quarter worth approximately $26,000. Reston Wealth Management LLC purchased a new stake in Honeywell International in the third quarter valued at $29,000. Planning Capital Management Corp boosted its stake 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 acquiring an additional 81 shares in the last quarter. Financial Connections Group Inc. acquired a new stake in shares of Honeywell International during the second quarter worth about $38,000. Finally, Pathway Financial Advisers LLC purchased a new stake in shares of Honeywell International in the 1st quarter valued at about $39,000. Institutional investors and hedge funds own 75.91% of the company’s stock.

Wall Street Analyst Weigh In

HON has been the subject of a number of research reports. Wolfe Research cut Honeywell International from an “outperform” rating to a “peer perform” rating in a research note on Monday, October 28th. Royal Bank of Canada increased their price target on shares of Honeywell International from $213.00 to $253.00 and gave the stock a “sector perform” 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 objective for the company from $223.00 to $217.00 in a research note on Friday, October 25th. Wells Fargo & Company raised their price target on Honeywell International from $215.00 to $254.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 13th. Finally, Citigroup reduced their price objective on Honeywell International from $248.00 to $244.00 and set a “buy” rating for the company in a research note on Friday, October 25th. Nine analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $241.45.

Honeywell International Price Performance

Honeywell International stock opened at $226.67 on Thursday. 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 Inc. has a one year low of $189.66 and a one year high of $242.77. The company has a market cap of $147.39 billion, a P/E ratio of 26.17, a price-to-earnings-growth ratio of 2.72 and a beta of 1.03. The business has a fifty day moving average of $212.94 and a two-hundred day moving average of $208.54.

Honeywell International Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Shareholders 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. This represents a $4.52 annualized dividend and a yield of 1.99%. The ex-dividend date of this dividend is Friday, November 15th. Honeywell International’s dividend payout ratio is presently 52.19%.

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.