Honeywell International Inc. (NASDAQ:HON) Shares Sold by Tlwm

Tlwm lowered its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 1.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,604 shares of the conglomerate’s stock after selling 89 shares during the period. Tlwm’s holdings in Honeywell International were worth $1,150,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in HON. Altshuler Shaham Ltd acquired a new stake in shares of Honeywell International in the fourth quarter worth approximately $27,000. Scarborough Advisors LLC purchased a new position in shares of Honeywell International in the 4th quarter worth $27,000. Cordant Inc. purchased a new stake in Honeywell International during the fourth quarter valued at about $31,000. Rakuten Securities Inc. purchased a new stake in Honeywell International during the fourth quarter valued at about $31,000. Finally, Financial Connections Group Inc. acquired a new stake in Honeywell International during the fourth quarter worth about $37,000. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on HON shares. Barclays upped their price target on shares of Honeywell International from $230.00 to $232.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 2nd. 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. Citigroup lifted their price target on shares of Honeywell International from $243.00 to $244.00 and gave the company a “buy” rating in a report on Tuesday, June 4th. Berenberg Bank upgraded Honeywell International from a “hold” rating to a “buy” rating and upped their price objective for the stock from $195.00 to $240.00 in a research note on Wednesday, March 6th. Finally, UBS Group upgraded Honeywell International from a “sell” rating to a “neutral” rating and raised their target price for the company from $175.00 to $215.00 in a research note on Monday, June 10th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $224.75.

Insider Transactions at Honeywell International

In related news, 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 transaction, the chief financial officer now 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 available through this hyperlink. In related news, Director Darius Adamczyk sold 28,500 shares of the firm’s stock in a transaction 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 directly owns 203,510 shares in the company, valued at approximately $41,507,899.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Gregory P. Lewis sold 25,209 shares of the business’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 approximately $10,709,231.26. The disclosure for this sale can be found here. Company insiders own 0.41% of the company’s stock.

Honeywell International Trading Up 0.4 %

Shares of HON traded up $0.95 during midday trading on Thursday, hitting $214.38. The stock had a trading volume of 1,912,875 shares, compared to its average volume of 2,930,779. The business has a 50-day simple moving average of $202.99 and a two-hundred day simple moving average of $201.25. The firm has a market cap of $139.60 billion, a P/E ratio of 24.89, a price-to-earnings-growth ratio of 2.22 and a beta of 1.03. The company has a current ratio of 1.66, a quick ratio of 1.28 and a debt-to-equity ratio of 1.30. Honeywell International Inc. has a fifty-two week low of $174.88 and a fifty-two week high of $218.36.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings data 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. The firm had revenue of $9.11 billion during the quarter, compared to the consensus estimate of $9.03 billion. Honeywell International had a return on equity of 35.88% and a net margin of 15.52%. The business’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same period in the prior year, the business earned $2.07 EPS. As a group, equities analysts forecast that Honeywell International Inc. will post 10.23 EPS for the current year.

Honeywell International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 7th. Shareholders of record on Friday, May 17th were given a $1.08 dividend. This represents a $4.32 annualized dividend and a yield of 2.02%. The ex-dividend date of this dividend was Thursday, May 16th. Honeywell International’s payout ratio is currently 50.06%.

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.