M&T Bank Corp Has $61.64 Million Stock Holdings in Honeywell International Inc. (NASDAQ:HON)

M&T Bank Corp boosted its stake in Honeywell International Inc. (NASDAQ:HON - Free Report) by 1.1% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 298,210 shares of the conglomerate's stock after buying an additional 3,143 shares during the period. M&T Bank Corp's holdings in Honeywell International were worth $61,643,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. State Street Corp raised its holdings in Honeywell International by 0.3% during the 3rd quarter. State Street Corp now owns 31,026,897 shares of the conglomerate's stock worth $6,413,570,000 after buying an additional 92,112 shares during the period. Wellington Management Group LLP grew its position in Honeywell International by 8.4% in the third quarter. Wellington Management Group LLP now owns 17,826,700 shares of the conglomerate's stock worth $3,684,957,000 after acquiring an additional 1,376,479 shares in the last quarter. Geode Capital Management LLC raised its holdings in Honeywell International by 4.0% during the third quarter. Geode Capital Management LLC now owns 14,360,730 shares of the conglomerate's stock valued at $2,959,535,000 after buying an additional 547,998 shares in the last quarter. Ameriprise Financial Inc. raised its position in shares of Honeywell International by 3.9% in the second quarter. Ameriprise Financial Inc. now owns 8,365,840 shares of the conglomerate's stock valued at $1,786,449,000 after purchasing an additional 310,807 shares during the period. Finally, Legal & General Group Plc boosted its holdings in Honeywell International by 0.9% during the second quarter. Legal & General Group Plc now owns 4,910,551 shares of the conglomerate's stock valued at $1,048,600,000 after acquiring an additional 42,305 shares during the period. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Honeywell International Stock Up 0.6 %

Shares of NASDAQ:HON opened at $228.32 on Friday. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.44 and a quick ratio of 1.12. The stock has a market cap of $148.46 billion, a price-to-earnings ratio of 26.36, a P/E/G ratio of 2.85 and a beta of 1.05. The company has a 50 day moving average of $223.01 and a 200-day moving average of $212.70. Honeywell International Inc. has a one year low of $189.66 and a one year high of $242.77.

Honeywell International Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Friday, November 15th were issued a dividend of $1.13 per share. The ex-dividend date was Friday, November 15th. This represents a $4.52 dividend on an annualized basis and a yield of 1.98%. This is a boost from Honeywell International's previous quarterly dividend of $1.08. Honeywell International's dividend payout ratio (DPR) is 52.19%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on HON. HSBC raised shares of Honeywell International from a "hold" rating to a "buy" rating and set a $290.00 target price on the stock in a research report on Wednesday, December 11th. Barclays lifted their target price on Honeywell International from $252.00 to $260.00 and gave the stock an "overweight" rating in a research report on Thursday, December 5th. Royal Bank of Canada reissued a "sector perform" rating and set a $253.00 price objective on shares of Honeywell International in a report on Tuesday, December 3rd. UBS Group restated a "buy" rating and issued a $298.00 target price (up from $215.00) on shares of Honeywell International in a research note on Wednesday, November 13th. Finally, Jefferies Financial Group lifted their price target on shares of Honeywell International from $220.00 to $260.00 and gave the stock a "hold" rating in a research note on Tuesday. Ten research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $249.57.

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.