Forbes J M & Co. LLP Sells 887 Shares of Honeywell International Inc. (NASDAQ:HON)

Forbes J M & Co. LLP cut its holdings in shares of Honeywell International Inc. (NASDAQ:HONFree Report) by 1.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 55,099 shares of the conglomerate’s stock after selling 887 shares during the quarter. Forbes J M & Co. LLP’s holdings in Honeywell International were worth $11,309,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Scarborough Advisors LLC bought a new stake in Honeywell International during the fourth quarter worth approximately $27,000. Altshuler Shaham Ltd bought a new stake in Honeywell International during the fourth quarter worth approximately $27,000. Rakuten Securities Inc. bought a new stake in Honeywell International during the fourth quarter worth approximately $31,000. Cordant Inc. bought a new stake in Honeywell International during the fourth quarter worth approximately $31,000. Finally, Financial Connections Group Inc. bought a new stake in Honeywell International during the fourth quarter worth approximately $37,000. 75.91% of the stock is owned by institutional investors.

Insider Transactions at Honeywell International

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

Honeywell International Stock Up 0.4 %

NASDAQ:HON traded up $0.95 during trading hours on Friday, reaching $215.09. The company’s stock had a trading volume of 7,929,048 shares, compared to its average volume of 2,433,662. The company has a market capitalization of $140.06 billion, a P/E ratio of 24.92, a price-to-earnings-growth ratio of 2.28 and a beta of 1.03. Honeywell International Inc. has a 12 month low of $174.88 and a 12 month high of $216.08. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.28 and a current ratio of 1.66. The stock has a 50 day moving average price of $201.62 and a two-hundred day moving average price of $200.88.

Honeywell International (NASDAQ:HONGet Free Report) last issued its quarterly earnings data on Thursday, April 25th. The conglomerate reported $2.25 EPS for the quarter, topping analysts’ consensus estimates of $2.17 by $0.08. The company had revenue of $9.11 billion during the quarter, compared to the consensus estimate of $9.03 billion. Honeywell International had a net margin of 15.52% and a return on equity of 35.88%. Honeywell International’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.07 earnings per share. Equities analysts predict that Honeywell International Inc. will post 10.23 EPS for the current fiscal year.

Honeywell International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 7th. Stockholders of record on Friday, May 17th were given a dividend of $1.08 per share. This represents a $4.32 dividend on an annualized basis and a dividend yield of 2.01%. The ex-dividend date of this dividend was Thursday, May 16th. Honeywell International’s payout ratio is presently 50.06%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Royal Bank of Canada reduced their price objective on 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. UBS Group upgraded Honeywell International from a “sell” rating to a “neutral” rating and boosted their target price for the company from $175.00 to $215.00 in a research report on Monday, June 10th. Citigroup boosted their target price on Honeywell International from $243.00 to $244.00 and gave the company a “buy” rating in a research report on Tuesday, June 4th. Barclays boosted their target price on Honeywell International from $230.00 to $232.00 and gave the company an “overweight” rating in a research report on Tuesday, April 2nd. Finally, StockNews.com upgraded Honeywell International from a “hold” rating to a “buy” rating in a research report on Wednesday, May 15th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $224.75.

Check Out Our Latest Analysis on Honeywell International

Honeywell International Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Honeywell International (NASDAQ:HON)

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