First Bancorp Inc ME Sells 70 Shares of Honeywell International Inc. (NASDAQ:HON)

First Bancorp Inc ME trimmed its position in shares of Honeywell International Inc. (NASDAQ:HON) by 3.0% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,275 shares of the conglomerate’s stock after selling 70 shares during the period. First Bancorp Inc ME’s holdings in Honeywell International were worth $467,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of HON. Security National Bank raised its stake in shares of Honeywell International by 1.1% during the first quarter. Security National Bank now owns 35,010 shares of the conglomerate’s stock valued at $7,186,000 after acquiring an additional 367 shares during the last quarter. Prentice Wealth Management LLC lifted its holdings in Honeywell International by 4.2% during the 1st quarter. Prentice Wealth Management LLC now owns 2,533 shares of the conglomerate’s stock worth $520,000 after buying an additional 102 shares during the period. Shorepath Capital Management LLC increased its stake in shares of Honeywell International by 6.4% in the first quarter. Shorepath Capital Management LLC now owns 29,041 shares of the conglomerate’s stock valued at $5,961,000 after buying an additional 1,738 shares during the period. DLK Investment Management LLC raised its position in shares of Honeywell International by 5.4% during the first quarter. DLK Investment Management LLC now owns 28,217 shares of the conglomerate’s stock worth $5,792,000 after acquiring an additional 1,433 shares during the last quarter. Finally, Community Bank of Raymore lifted its stake in shares of Honeywell International by 32.9% in the first quarter. Community Bank of Raymore now owns 3,917 shares of the conglomerate’s stock worth $804,000 after acquiring an additional 970 shares during the period. Institutional investors own 75.91% of the company’s stock.

Honeywell International Price Performance

Shares of NASDAQ:HON traded down $1.08 during trading on Wednesday, reaching $213.37. The company had a trading volume of 1,124,510 shares, compared to its average volume of 2,930,521. The company has a fifty day moving average of $202.53 and a two-hundred day moving average of $201.17. Honeywell International Inc. has a 12 month low of $174.88 and a 12 month high of $218.36. The company has a current ratio of 1.66, a quick ratio of 1.28 and a debt-to-equity ratio of 1.30. The stock has a market capitalization of $138.94 billion, a P/E ratio of 24.79, a price-to-earnings-growth ratio of 2.22 and a beta of 1.03.

Honeywell International (NASDAQ:HON) last released its quarterly earnings data on Thursday, April 25th. The conglomerate reported $2.25 earnings per share for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $9.03 billion. During the same period last year, the business earned $2.07 EPS. Honeywell International’s revenue was up 2.7% compared to the same quarter last year. Equities research analysts forecast that Honeywell International Inc. will post 10.23 earnings per share for the current year.

Honeywell International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 7th. Stockholders of record on Friday, May 17th were paid a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a dividend yield of 2.02%. The ex-dividend date of this dividend was Thursday, May 16th. Honeywell International’s dividend payout ratio (DPR) is 50.06%.

Insider Activity at Honeywell International

In related news, CFO Gregory P. Lewis sold 25,209 shares of the firm’s stock in a transaction 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 directly owns 55,471 shares of the company’s stock, valued at $10,709,231.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Honeywell International news, CFO Gregory P. Lewis sold 25,209 shares of Honeywell International 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 of the company’s stock, valued at approximately $10,709,231.26. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Darius Adamczyk sold 28,500 shares of the company’s stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $203.96, for a total transaction of $5,812,860.00. Following the completion of the transaction, the director now owns 203,510 shares in the company, valued at $41,507,899.60. The disclosure for this sale can be found here. 0.41% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

HON has been the subject of several analyst reports. Berenberg Bank upgraded shares of Honeywell International from a “hold” rating to a “buy” rating and raised their price target for the stock from $195.00 to $240.00 in a report on Wednesday, March 6th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $215.00 price target (down from $227.00) on shares of Honeywell International in a report on Tuesday, April 16th. Royal Bank of Canada cut their target price on Honeywell International from $222.00 to $218.00 and set a “sector perform” rating on the stock in a research report on Tuesday, June 4th. UBS Group upgraded Honeywell International from a “sell” rating to a “neutral” rating and increased their price target for the stock from $175.00 to $215.00 in a report on Monday, June 10th. Finally, Citigroup boosted their target price on shares of Honeywell International from $243.00 to $244.00 and gave the company a “buy” rating in a research report on Tuesday, June 4th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $224.75.

Honeywell International 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.