PNC Financial Services Group Inc. lifted its position in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 0.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,571,846 shares of the conglomerate's stock after buying an additional 11,914 shares during the quarter. PNC Financial Services Group Inc. owned approximately 0.24% of Honeywell International worth $324,916,000 at the end of the most recent quarter.
Several other institutional investors have also recently made changes to their positions in HON. Cypress Wealth Services LLC grew its position in Honeywell International by 2.5% during the 2nd quarter. Cypress Wealth Services LLC now owns 1,952 shares of the conglomerate's stock worth $417,000 after purchasing an additional 47 shares during the last quarter. Absher Wealth Management LLC grew its holdings in shares of Honeywell International by 2.5% during the third quarter. Absher Wealth Management LLC now owns 1,999 shares of the conglomerate's stock worth $413,000 after buying an additional 49 shares during the last quarter. Bard Financial Services Inc. increased its position in Honeywell International by 0.3% in the 2nd quarter. Bard Financial Services Inc. now owns 17,594 shares of the conglomerate's stock valued at $3,757,000 after acquiring an additional 50 shares during the period. ZRC Wealth Management LLC raised its stake in Honeywell International by 11.6% during the 3rd quarter. ZRC Wealth Management LLC now owns 480 shares of the conglomerate's stock valued at $99,000 after acquiring an additional 50 shares during the last quarter. Finally, CFM Wealth Partners LLC lifted its position in Honeywell International by 4.0% during the 3rd quarter. CFM Wealth Partners LLC now owns 1,288 shares of the conglomerate's stock worth $264,000 after acquiring an additional 50 shares during the period. Hedge funds and other institutional investors own 75.91% of the company's stock.
Analysts Set New Price Targets
HON has been the topic of several recent research reports. Morgan Stanley initiated coverage on shares of Honeywell International in a research note on Friday, September 6th. They issued an "equal weight" rating and a $210.00 price objective on the stock. Bank of America increased their price target on shares of Honeywell International from $220.00 to $240.00 and gave the stock a "neutral" rating in a report on Thursday, November 14th. Citigroup dropped their target price on Honeywell International from $248.00 to $244.00 and set a "buy" rating on the stock in a research report on Friday, October 25th. StockNews.com raised Honeywell International from a "hold" rating to a "buy" rating in a report on Sunday, November 3rd. Finally, Royal Bank of Canada upped their price objective on Honeywell International from $213.00 to $253.00 and gave the stock a "sector perform" rating in a report on Wednesday, November 13th. Nine analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $241.45.
Get Our Latest Stock Report on Honeywell International
Honeywell International Stock Performance
HON traded down $0.65 during trading on Tuesday, reaching $228.20. 3,696,498 shares of the company were exchanged, compared to its average volume of 3,107,221. The company has a current ratio of 1.44, a quick ratio of 1.12 and a debt-to-equity ratio of 1.44. The stock has a market cap of $148.39 billion, a P/E ratio of 26.43, a PEG ratio of 2.72 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 firm has a 50 day moving average of $211.94 and a 200 day moving average of $208.19.
Honeywell International Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be paid a dividend of $1.13 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $4.52 annualized dividend and a yield of 1.98%. This is an increase from Honeywell International's previous quarterly dividend of $1.08. Honeywell International's payout ratio is presently 52.19%.
About Honeywell International
(
Free Report)
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.
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