Citizens Financial Group Inc RI Has $9.88 Million Holdings in Honeywell International Inc. (HON)

Citizens Financial Group Inc RI trimmed its position in shares of Honeywell International Inc. (NYSE:HON) by 2.1% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 59,372 shares of the conglomerate’s stock after selling 1,262 shares during the quarter. Citizens Financial Group Inc RI’s holdings in Honeywell International were worth $9,879,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Morse Asset Management Inc lifted its position in shares of Honeywell International by 4.1% during the third quarter. Morse Asset Management Inc now owns 9,475 shares of the conglomerate’s stock valued at $1,577,000 after buying an additional 375 shares during the last quarter. Nissay Asset Management Corp Japan ADV lifted its position in shares of Honeywell International by 4.7% during the second quarter. Nissay Asset Management Corp Japan ADV now owns 140,209 shares of the conglomerate’s stock valued at $20,197,000 after buying an additional 6,316 shares during the last quarter. Moneta Group Investment Advisors LLC lifted its position in shares of Honeywell International by 7,972.1% during the second quarter. Moneta Group Investment Advisors LLC now owns 22,844 shares of the conglomerate’s stock valued at $889,000 after buying an additional 22,561 shares during the last quarter. Perigon Wealth Management LLC lifted its position in shares of Honeywell International by 62.8% during the second quarter. Perigon Wealth Management LLC now owns 13,558 shares of the conglomerate’s stock valued at $1,953,000 after buying an additional 5,228 shares during the last quarter. Finally, New England Asset Management Inc. lifted its position in shares of Honeywell International by 467.0% during the second quarter. New England Asset Management Inc. now owns 3,260 shares of the conglomerate’s stock valued at $470,000 after buying an additional 2,685 shares during the last quarter. 71.42% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE:HON opened at $150.32 on Friday. Honeywell International Inc. has a twelve month low of $139.30 and a twelve month high of $167.72. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.20 and a current ratio of 1.49. The company has a market capitalization of $109.90 billion, a P/E ratio of 21.14, a price-to-earnings-growth ratio of 1.90 and a beta of 1.04.

Honeywell International (NYSE:HON) last issued its quarterly earnings results on Friday, October 19th. The conglomerate reported $2.03 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.99 by $0.04. Honeywell International had a net margin of 6.13% and a return on equity of 33.69%. The company had revenue of $10.76 billion for the quarter, compared to the consensus estimate of $10.75 billion. During the same quarter in the prior year, the company earned $1.75 EPS. Honeywell International’s quarterly revenue was up 6.3% on a year-over-year basis. On average, analysts forecast that Honeywell International Inc. will post 7.98 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 7th. Investors of record on Friday, November 16th will be issued a $0.82 dividend. This represents a $3.28 annualized dividend and a yield of 2.18%. The ex-dividend date of this dividend is Thursday, November 15th. This is an increase from Honeywell International’s previous quarterly dividend of $0.75. Honeywell International’s dividend payout ratio is 41.91%.

HON has been the subject of several research analyst reports. Citigroup set a $186.00 price objective on shares of Honeywell International and gave the company a “buy” rating in a research report on Tuesday, October 30th. Gordon Haskett initiated coverage on shares of Honeywell International in a research report on Friday, October 12th. They issued a “buy” rating for the company. Zacks Investment Research lowered shares of Honeywell International from a “buy” rating to a “hold” rating in a research report on Monday, July 30th. UBS Group increased their price objective on shares of Honeywell International from $180.00 to $190.00 and gave the company a “buy” rating in a research report on Thursday, August 30th. Finally, Deutsche Bank increased their price objective on shares of Honeywell International from $168.00 to $182.00 and gave the company a “buy” rating in a research report on Friday, September 28th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and eighteen have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $172.90.

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Honeywell International Company Profile

Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. It operates through four segments: Aerospace; Home and Building Technologies; Performance Materials and Technologies; and Safety and Productivity Solutions. The Aerospace segment supplies products, software, and services for aircraft and vehicles that it sells to original equipment manufacturers and other customers in various markets, including air transport, regional, business and general aviation aircraft, airlines, aircraft operators, defense and space contractors, and automotive and truck manufacturers.

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Institutional Ownership by Quarter for Honeywell International (NYSE:HON)

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