Citizens Financial Group Inc. RI Sells 5,097 Shares of Honeywell International Inc. (NASDAQ:HON)

Key Points

• Citizens Financial Group Inc. RI reduced its stake in Honeywell International Inc. by 5.5%, selling 5,097 shares and holding 88,086 shares valued at approximately $18.65 million.
• Honeywell reported a quarterly earnings per share (EPS) of $2.75, exceeding analysts' expectations of $2.66, with a year-over-year revenue increase of 8.1% to $10.35 billion.
• The company announced a quarterly dividend of $1.13 per share, set to be paid on September 5th, representing an annualized yield of 2.0%.

Citizens Financial Group Inc. RI lessened its stake in Honeywell International Inc. (NASDAQ:HON - Free Report) by 5.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 88,086 shares of the conglomerate's stock after selling 5,097 shares during the period. Citizens Financial Group Inc. RI's holdings in Honeywell International were worth $18,652,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of HON. Red Door Wealth Management LLC raised its position in shares of Honeywell International by 2.6% during the 1st quarter. Red Door Wealth Management LLC now owns 29,090 shares of the conglomerate's stock valued at $6,160,000 after acquiring an additional 736 shares during the last quarter. Petros Family Wealth LLC bought a new stake in shares of Honeywell International during the 4th quarter valued at $383,000. Spinnaker Trust raised its position in shares of Honeywell International by 2.4% during the 1st quarter. Spinnaker Trust now owns 11,598 shares of the conglomerate's stock valued at $2,456,000 after acquiring an additional 276 shares during the last quarter. Menora Mivtachim Holdings LTD. bought a new stake in shares of Honeywell International during the 4th quarter valued at $316,000. Finally, Tandem Investment Partners LLC acquired a new position in shares of Honeywell International in the 4th quarter valued at $618,000. Institutional investors own 75.91% of the company's stock.

Honeywell International Price Performance

Shares of NASDAQ HON opened at $221.06 on Wednesday. The firm has a market cap of $140.35 billion, a PE ratio of 25.15, a PEG ratio of 2.49 and a beta of 1.08. The company has a current ratio of 1.29, a quick ratio of 0.97 and a debt-to-equity ratio of 1.81. Honeywell International Inc. has a 1-year low of $179.36 and a 1-year high of $242.77. The company has a fifty day moving average price of $229.11 and a 200 day moving average price of $217.04.

Honeywell International (NASDAQ:HON - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The conglomerate reported $2.75 EPS for the quarter, topping analysts' consensus estimates of $2.66 by $0.09. Honeywell International had a net margin of 14.30% and a return on equity of 37.37%. The company had revenue of $10.35 billion during the quarter, compared to the consensus estimate of $10.01 billion. During the same period in the prior year, the business posted $2.49 EPS. The company's quarterly revenue was up 8.1% on a year-over-year basis. Research analysts predict that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 5th. Stockholders of record on Friday, August 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 2.0%. The ex-dividend date is Friday, August 15th. Honeywell International's dividend payout ratio is currently 51.42%.

Analysts Set New Price Targets

A number of analysts recently commented on HON shares. Bank of America upgraded shares of Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 price objective for the company in a research report on Wednesday, May 7th. Barclays upped their price objective on shares of Honeywell International from $258.00 to $265.00 and gave the company an "overweight" rating in a research report on Wednesday, July 9th. Mizuho upped their price objective on shares of Honeywell International from $235.00 to $250.00 and gave the company an "outperform" rating in a research report on Friday, May 16th. JPMorgan Chase & Co. upped their price objective on shares of Honeywell International from $182.00 to $217.00 and gave the company a "neutral" rating in a research report on Friday, May 16th. Finally, Wall Street Zen upgraded shares of Honeywell International from a "hold" rating to a "buy" rating in a research report on Thursday, May 15th. Eight research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $254.00.

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.

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