RIA Advisory Group LLC Purchases Shares of 29,625 Honeywell International Inc. (NASDAQ:HON)

RIA Advisory Group LLC purchased a new stake in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 29,625 shares of the conglomerate's stock, valued at approximately $6,124,000. Honeywell International accounts for 2.2% of RIA Advisory Group LLC's holdings, making the stock its 6th largest position.

A number of other institutional investors and hedge funds have also recently modified their holdings of HON. Quent Capital LLC increased its holdings in Honeywell International by 4.7% during the 1st quarter. Quent Capital LLC now owns 1,722 shares of the conglomerate's stock valued at $353,000 after purchasing an additional 77 shares during the period. Banco Santander S.A. boosted its holdings in Honeywell International by 1.9% in the first quarter. Banco Santander S.A. now owns 7,002 shares of the conglomerate's stock valued at $1,437,000 after acquiring an additional 131 shares in the last quarter. M&G Plc purchased a new position in Honeywell International during the 1st quarter valued at $1,993,000. Jupiter Asset Management Ltd. purchased a new stake in shares of Honeywell International in the 1st quarter worth about $1,398,000. Finally, TIAA Trust National Association boosted its stake in shares of Honeywell International by 10.4% during the 1st quarter. TIAA Trust National Association now owns 60,240 shares of the conglomerate's stock valued at $12,364,000 after purchasing an additional 5,653 shares in the last quarter. 75.91% of the stock is owned by institutional investors.

Honeywell International Stock Performance

HON stock traded down $0.55 during midday trading on Friday, reaching $228.99. 3,707,893 shares of the company's stock traded hands, compared to its average volume of 3,103,041. The stock's 50-day moving average is $211.39 and its 200 day moving average is $207.74. The stock has a market cap of $148.90 billion, a P/E ratio of 26.44, a PEG ratio of 2.77 and a beta of 1.03. Honeywell International Inc. has a 52-week low of $189.66 and a 52-week high of $242.77. 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 Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be paid a dividend of $1.13 per share. The ex-dividend date is Friday, November 15th. This is an increase from Honeywell International's previous quarterly dividend of $1.08. This represents a $4.52 dividend on an annualized basis and a dividend yield of 1.97%. Honeywell International's payout ratio is 52.19%.

Wall Street Analyst Weigh In

HON has been the topic of a number of research analyst reports. StockNews.com upgraded Honeywell International from a "hold" rating to a "buy" rating in a report on Sunday, November 3rd. Baird R W cut shares of Honeywell International from a "strong-buy" rating to a "hold" rating in a report on Friday, October 25th. JPMorgan Chase & Co. decreased their price target on shares of Honeywell International from $235.00 to $233.00 and set a "neutral" rating for the company 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 report on Monday, October 28th. Finally, Bank of America lifted their target price on shares of Honeywell International from $220.00 to $240.00 and gave the company a "neutral" rating in a report on Thursday. Nine investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, Honeywell International has an average 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.