M&T Bank Corp Grows Stake in Honeywell International Inc. (NASDAQ:HON)

M&T Bank Corp boosted its stake in Honeywell International Inc. (NASDAQ:HON) by 1.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 298,210 shares of the conglomerate’s stock after buying an additional 3,143 shares during the quarter. M&T Bank Corp’s holdings in Honeywell International were worth $61,643,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. State Street Corp lifted its position in shares of Honeywell International by 0.3% in the third quarter. State Street Corp now owns 31,026,897 shares of the conglomerate’s stock valued at $6,413,570,000 after acquiring an additional 92,112 shares in the last quarter. Wellington Management Group LLP raised its stake in Honeywell International by 8.4% in the 3rd quarter. Wellington Management Group LLP now owns 17,826,700 shares of the conglomerate’s stock valued at $3,684,957,000 after purchasing an additional 1,376,479 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in Honeywell International by 3.9% in the 2nd 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 in the last quarter. Legal & General Group Plc boosted its stake in Honeywell International by 0.9% during the 2nd quarter. Legal & General Group Plc now owns 4,910,551 shares of the conglomerate’s stock worth $1,048,600,000 after purchasing an additional 42,305 shares during the last quarter. Finally, Janus Henderson Group PLC grew its holdings in shares of Honeywell International by 7.2% during the third quarter. Janus Henderson Group PLC now owns 3,978,872 shares of the conglomerate’s stock worth $822,458,000 after buying an additional 265,789 shares in the last quarter. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

HON has been the topic of several research reports. Citigroup raised their price target on shares of Honeywell International from $244.00 to $268.00 and gave the stock a “buy” rating in a research note on Monday. Baird R W lowered shares of Honeywell International from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 25th. Wells Fargo & Company upped their price target on Honeywell International from $215.00 to $254.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 13th. Robert W. Baird cut Honeywell International from an “outperform” rating to a “neutral” rating and cut their price target for the company from $223.00 to $217.00 in a report on Friday, October 25th. Finally, Bank of America boosted their price objective on Honeywell International from $220.00 to $240.00 and gave the stock a “neutral” rating in a research note on Thursday, November 14th. Ten equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Honeywell International presently has an average rating of “Hold” and an average target price of $244.36.

Honeywell International Price Performance

NASDAQ:HON opened at $225.09 on Tuesday. Honeywell International Inc. has a 52 week low of $189.66 and a 52 week high of $242.77. The stock’s fifty day moving average is $219.12 and its two-hundred day moving average is $211.03. The company has a market capitalization of $146.36 billion, a P/E ratio of 25.99, a P/E/G ratio of 2.82 and a beta of 1.05. The company has a quick ratio of 1.12, a current ratio of 1.44 and a debt-to-equity ratio of 1.44.

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 given a $1.13 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $4.52 dividend on an annualized basis and a yield of 2.01%. This is a boost from Honeywell International’s previous quarterly dividend of $1.08. Honeywell International’s dividend payout ratio is presently 52.19%.

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.