RIA Advisory Group LLC Makes New $6.12 Million Investment in Honeywell International Inc. (NASDAQ:HON)

RIA Advisory Group LLC purchased a new stake in Honeywell International Inc. (NASDAQ:HON) in the 3rd quarter, Holdings Channel reports. The fund purchased 29,625 shares of the conglomerate’s stock, valued at approximately $6,124,000. Honeywell International makes up 2.2% of RIA Advisory Group LLC’s holdings, making the stock its 6th biggest position.

A number of other institutional investors have also recently modified their holdings of HON. LGT Group Foundation acquired a new position in shares of Honeywell International during the 1st quarter worth $26,000. Reston Wealth Management LLC purchased a new stake in Honeywell International during the third quarter worth about $29,000. Planning Capital Management Corp grew its position in Honeywell International by 96.4% during the third quarter. Planning Capital Management Corp now owns 165 shares of the conglomerate’s stock worth $34,000 after buying an additional 81 shares during the period. Financial Connections Group Inc. acquired a new stake in shares of Honeywell International during the 2nd quarter valued at approximately $38,000. Finally, Pathway Financial Advisers LLC acquired a new stake in shares of Honeywell International during the 1st quarter valued at approximately $39,000. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on HON shares. Bank of America raised their price objective on Honeywell International from $220.00 to $240.00 and gave the company a “neutral” rating in a research note on Thursday. Citigroup dropped their price target on Honeywell International from $248.00 to $244.00 and set a “buy” rating for the company in a research report on Friday, October 25th. Wells Fargo & Company lifted their price target on Honeywell International from $215.00 to $254.00 and gave the stock an “equal weight” rating in a research note on Wednesday. StockNews.com raised shares of Honeywell International from a “hold” rating to a “buy” rating in a research note on Sunday, November 3rd. Finally, UBS Group restated a “buy” rating and set a $298.00 target price (up previously from $215.00) on shares of Honeywell International in a research report on Wednesday. Nine analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $241.45.

Honeywell International Stock Performance

Shares of HON opened at $228.99 on Friday. Honeywell International Inc. has a 1 year low of $189.66 and a 1 year high of $242.77. The company’s 50 day simple moving average is $211.39 and its 200 day simple moving average is $207.74. The company has a market capitalization of $148.90 billion, a price-to-earnings ratio of 26.44, a PEG ratio of 2.77 and a beta of 1.03. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.12 and a current ratio of 1.44.

Honeywell International Increases Dividend

The firm also recently declared 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. This represents a $4.52 dividend on an annualized basis and a dividend yield of 1.97%. The ex-dividend date of this dividend is Friday, November 15th. This is a positive change from Honeywell International’s previous quarterly dividend of $1.08. Honeywell International’s dividend payout ratio is currently 49.88%.

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.