Cigna Investments Inc. New Lowers Stock Position in Honeywell International Inc. (NASDAQ:HON)

Cigna Investments Inc. New cut its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 1.7% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 6,697 shares of the conglomerate’s stock after selling 115 shares during the period. Cigna Investments Inc. New’s holdings in Honeywell International were worth $1,384,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in HON. LGT Group Foundation purchased a new stake in shares of Honeywell International during the 1st quarter valued at $26,000. Reston Wealth Management LLC purchased a new stake in Honeywell International during the 3rd quarter worth $29,000. Financial Connections Group Inc. purchased a new stake in Honeywell International during the 2nd quarter worth $38,000. Pathway Financial Advisers LLC purchased a new stake in Honeywell International during the 1st quarter worth $39,000. Finally, New Covenant Trust Company N.A. purchased a new stake in Honeywell International during the 1st quarter worth $42,000. 75.91% of the stock is owned by hedge funds and other institutional investors.

Honeywell International Price Performance

NASDAQ HON opened at $205.68 on Friday. Honeywell International Inc. has a 52 week low of $179.18 and a 52 week high of $222.98. The company has a current ratio of 1.21, a quick ratio of 0.91 and a debt-to-equity ratio of 1.19. The stock has a market cap of $133.74 billion, a price-to-earnings ratio of 23.75, a price-to-earnings-growth ratio of 2.45 and a beta of 1.03. The company has a 50-day moving average price of $207.82 and a two-hundred day moving average price of $205.64.

Honeywell International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 15th will be issued a $1.13 dividend. The ex-dividend date is Friday, November 15th. This is a boost from Honeywell International’s previous quarterly dividend of $1.08. This represents a $4.52 annualized dividend and a dividend yield of 2.20%. Honeywell International’s dividend payout ratio (DPR) is 52.19%.

Wall Street Analyst Weigh In

HON has been the subject of a number of analyst reports. Robert W. Baird cut shares of Honeywell International from an “outperform” rating to a “neutral” rating and decreased their price objective for the company from $223.00 to $217.00 in a research report on Friday, October 25th. StockNews.com raised shares of Honeywell International from a “hold” rating to a “buy” rating in a research report on Monday. Baird R W cut shares of Honeywell International from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 25th. Wells Fargo & Company upped their target price on shares of Honeywell International from $207.00 to $215.00 and gave the company an “equal weight” rating in a research note on Friday, October 25th. Finally, Barclays cut their target price on shares of Honeywell International from $232.00 to $229.00 and set an “overweight” rating on the stock in a research note on Friday, October 25th. Ten analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, Honeywell International currently has an average rating of “Hold” and an average target price of $223.73.

About Honeywell International

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.