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

Citizens Financial Group Inc. RI boosted its stake in Honeywell International Inc. (NASDAQ:HON) by 20.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 14,184 shares of the conglomerate’s stock after purchasing an additional 2,405 shares during the quarter. Citizens Financial Group Inc. RI’s holdings in Honeywell International were worth $2,975,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of HON. Patriot Financial Group Insurance Agency LLC lifted its stake in Honeywell International by 5.3% in the 3rd quarter. Patriot Financial Group Insurance Agency LLC now owns 1,780 shares of the conglomerate’s stock worth $329,000 after purchasing an additional 89 shares in the last quarter. Connecticut Wealth Management LLC raised its position in shares of Honeywell International by 176.6% during the 3rd quarter. Connecticut Wealth Management LLC now owns 5,093 shares of the conglomerate’s stock valued at $941,000 after buying an additional 3,252 shares in the last quarter. KRS Capital Management LLC raised its position in shares of Honeywell International by 9.9% during the 3rd quarter. KRS Capital Management LLC now owns 8,054 shares of the conglomerate’s stock valued at $1,488,000 after buying an additional 727 shares in the last quarter. First Personal Financial Services raised its position in shares of Honeywell International by 75.5% during the 3rd quarter. First Personal Financial Services now owns 1,820 shares of the conglomerate’s stock valued at $336,000 after buying an additional 783 shares in the last quarter. Finally, Town & Country Bank & Trust CO dba First Bankers Trust CO raised its position in shares of Honeywell International by 4.4% during the 3rd quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 19,336 shares of the conglomerate’s stock valued at $3,572,000 after buying an additional 809 shares in the last quarter. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Insiders Place Their Bets

In other Honeywell International news, Director Darius Adamczyk sold 25,500 shares of the company’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $197.19, for a total value of $5,028,345.00. Following the transaction, the director now directly owns 183,400 shares in the company, valued at approximately $36,164,646. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.41% of the company’s stock.

Analysts Set New Price Targets

HON has been the topic of several recent research reports. StockNews.com cut shares of Honeywell International from a “buy” rating to a “hold” rating in a research report on Friday. Royal Bank of Canada decreased their target price on shares of Honeywell International from $210.00 to $209.00 and set a “sector perform” rating on the stock in a research report on Friday, February 2nd. Barclays upped their price target on shares of Honeywell International from $230.00 to $232.00 and gave the company an “overweight” rating in a report on Tuesday, April 2nd. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $215.00 price target (down from $227.00) on shares of Honeywell International in a report on Tuesday, April 16th. Finally, Berenberg Bank upgraded shares of Honeywell International from a “hold” rating to a “buy” rating and upped their price target for the company from $195.00 to $240.00 in a report on Wednesday, March 6th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $219.67.

Honeywell International Trading Up 0.2 %

NASDAQ:HON traded up $0.43 during mid-day trading on Friday, hitting $193.45. 3,041,537 shares of the stock traded hands, compared to its average volume of 2,666,853. The company has a quick ratio of 0.93, a current ratio of 1.66 and a debt-to-equity ratio of 1.30. The stock has a market capitalization of $125.97 billion, a price-to-earnings ratio of 22.42, a PEG ratio of 2.21 and a beta of 1.02. The firm’s 50 day moving average is $198.18 and its two-hundred day moving average is $196.27. Honeywell International Inc. has a 52 week low of $174.88 and a 52 week high of $210.87.

Honeywell International (NASDAQ:HON) last issued its earnings results on Thursday, April 25th. The conglomerate reported $2.25 EPS for the quarter, topping analysts’ consensus estimates of $2.17 by $0.08. The business had revenue of $9.11 billion for the quarter, compared to the consensus estimate of $9.03 billion. Honeywell International had a net margin of 15.52% and a return on equity of 35.88%. The company’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.07 EPS. On average, equities research analysts predict that Honeywell International Inc. will post 9.96 earnings per share for the current year.

Honeywell International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were paid a $1.08 dividend. The ex-dividend date was Thursday, February 29th. This represents a $4.32 dividend on an annualized basis and a yield of 2.23%. Honeywell International’s dividend payout ratio is currently 50.06%.

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.