Honeywell International Inc. (NASDAQ:HON) Shares Sold by Summit Financial Group Inc.

Summit Financial Group Inc. lowered its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 3.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,792 shares of the conglomerate’s stock after selling 185 shares during the period. Summit Financial Group Inc.’s holdings in Honeywell International were worth $984,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD raised its position in Honeywell International by 32.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 7,840,959 shares of the conglomerate’s stock worth $1,644,328,000 after buying an additional 1,899,373 shares during the last quarter. International Assets Investment Management LLC increased its holdings in shares of Honeywell International by 6,557.2% in the 4th quarter. International Assets Investment Management LLC now owns 940,661 shares of the conglomerate’s stock valued at $197,266,000 after purchasing an additional 926,531 shares in the last quarter. Adage Capital Partners GP L.L.C. increased its holdings in shares of Honeywell International by 51.3% in the 3rd quarter. Adage Capital Partners GP L.L.C. now owns 1,874,877 shares of the conglomerate’s stock valued at $346,365,000 after purchasing an additional 636,104 shares in the last quarter. Capital Research Global Investors increased its holdings in shares of Honeywell International by 20.4% in the 4th quarter. Capital Research Global Investors now owns 3,189,925 shares of the conglomerate’s stock valued at $668,959,000 after purchasing an additional 539,644 shares in the last quarter. Finally, California Public Employees Retirement System increased its holdings in shares of Honeywell International by 27.5% in the 4th quarter. California Public Employees Retirement System now owns 1,739,695 shares of the conglomerate’s stock valued at $364,831,000 after purchasing an additional 375,158 shares in the last quarter. Institutional investors and hedge funds own 75.91% of the company’s stock.

Analyst Upgrades and Downgrades

HON has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $215.00 price target (down previously from $227.00) on shares of Honeywell International in a report on Tuesday, April 16th. Berenberg Bank raised shares of Honeywell International from a “hold” rating to a “buy” rating and increased their price objective for the company from $195.00 to $240.00 in a research note on Wednesday, March 6th. StockNews.com raised shares of Honeywell International from a “hold” rating to a “buy” rating in a research note on Wednesday, May 15th. Royal Bank of Canada lowered their price objective on shares of Honeywell International from $222.00 to $218.00 and set a “sector perform” rating on the stock in a research note on Tuesday, June 4th. Finally, UBS Group raised shares of Honeywell International from a “sell” rating to a “neutral” rating and raised their price target for the stock from $175.00 to $215.00 in a research note on Monday, June 10th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $224.75.

Insider Activity at Honeywell International

In related news, Director Darius Adamczyk sold 28,500 shares of the firm’s stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $203.96, for a total value of $5,812,860.00. Following the transaction, the director now owns 203,510 shares in the company, valued at $41,507,899.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, Director Darius Adamczyk sold 28,500 shares of the firm’s stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $203.96, for a total value of $5,812,860.00. Following the transaction, the director now owns 203,510 shares in the company, valued at $41,507,899.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Gregory P. Lewis sold 25,209 shares of the firm’s stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $193.06, for a total transaction of $4,866,849.54. Following the completion of the transaction, the chief financial officer now owns 55,471 shares in the company, valued at approximately $10,709,231.26. The disclosure for this sale can be found here. 0.41% of the stock is currently owned by insiders.

Honeywell International Trading Up 0.4 %

Shares of HON traded up $0.92 during mid-day trading on Wednesday, hitting $212.87. The company had a trading volume of 2,443,359 shares, compared to its average volume of 2,428,011. The business’s 50-day simple moving average is $200.55 and its 200-day simple moving average is $200.55. The company has a quick ratio of 1.28, a current ratio of 1.66 and a debt-to-equity ratio of 1.30. Honeywell International Inc. has a 1-year low of $174.88 and a 1-year high of $213.23. The stock has a market cap of $138.62 billion, a PE ratio of 24.67, a P/E/G ratio of 2.25 and a beta of 1.03.

Honeywell International (NASDAQ:HON) last released its earnings results on Thursday, April 25th. The conglomerate reported $2.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.17 by $0.08. Honeywell International had a net margin of 15.52% and a return on equity of 35.88%. The business had revenue of $9.11 billion for the quarter, compared to analysts’ expectations of $9.03 billion. During the same period last year, the company earned $2.07 earnings per share. The company’s quarterly revenue was up 2.7% on a year-over-year basis. Sell-side analysts forecast that Honeywell International Inc. will post 10.24 earnings per share for the current year.

Honeywell International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 7th. Investors of record on Friday, May 17th were issued a $1.08 dividend. The ex-dividend date was Thursday, May 16th. This represents a $4.32 annualized dividend and a yield of 2.03%. Honeywell International’s payout ratio is 50.06%.

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.