Thrive Wealth Management LLC Increases Stock Position in Honeywell International Inc. (NASDAQ:HON)

Thrive Wealth Management LLC grew its position in Honeywell International Inc. (NASDAQ:HON) by 12.4% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,101 shares of the conglomerate’s stock after acquiring an additional 231 shares during the period. Thrive Wealth Management LLC’s holdings in Honeywell International were worth $431,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of HON. Dark Forest Capital Management LP purchased a new position in Honeywell International in the 3rd quarter valued at about $352,000. Mather Group LLC. increased its position in shares of Honeywell International by 36.6% during the third quarter. Mather Group LLC. now owns 7,140 shares of the conglomerate’s stock worth $1,319,000 after purchasing an additional 1,912 shares in the last quarter. Bank of Nova Scotia lifted its holdings in Honeywell International by 162.3% in the 3rd quarter. Bank of Nova Scotia now owns 232,209 shares of the conglomerate’s stock valued at $42,898,000 after purchasing an additional 143,683 shares in the last quarter. Cape Cod Five Cents Savings Bank boosted its stake in Honeywell International by 85.5% during the 3rd quarter. Cape Cod Five Cents Savings Bank now owns 6,854 shares of the conglomerate’s stock worth $1,266,000 after purchasing an additional 3,160 shares during the last quarter. Finally, CWA Asset Management Group LLC raised its position in shares of Honeywell International by 5.9% in the third quarter. CWA Asset Management Group LLC now owns 5,526 shares of the conglomerate’s stock valued at $1,021,000 after buying an additional 307 shares during the last quarter. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

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 sale, the director now owns 203,510 shares of the company’s stock, valued at $41,507,899.60. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Honeywell International news, CFO Gregory P. Lewis sold 25,209 shares of the stock in a transaction that occurred 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 transaction, the chief financial officer now directly owns 55,471 shares in the company, valued at $10,709,231.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Darius Adamczyk sold 28,500 shares of the business’s stock in a transaction that occurred on 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 sale, the director now owns 203,510 shares of the company’s stock, valued at approximately $41,507,899.60. 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 %

NASDAQ HON traded up $0.95 on Thursday, reaching $214.38. The stock had a trading volume of 1,912,875 shares, compared to its average volume of 2,930,779. Honeywell International Inc. has a 12-month low of $174.88 and a 12-month high of $218.36. The company has a quick ratio of 1.28, a current ratio of 1.66 and a debt-to-equity ratio of 1.30. The stock has a fifty day moving average price of $202.99 and a two-hundred day moving average price of $201.25. The firm has a market capitalization of $139.60 billion, a price-to-earnings ratio of 24.89, a P/E/G ratio of 2.22 and a beta of 1.03.

Honeywell International (NASDAQ:HON) last announced its earnings results on Thursday, April 25th. The conglomerate reported $2.25 EPS for the quarter, beating analysts’ consensus estimates of $2.17 by $0.08. The company had revenue of $9.11 billion during the quarter, compared to analysts’ expectations of $9.03 billion. Honeywell International had a return on equity of 35.88% and a net margin of 15.52%. Honeywell International’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same period last year, the business posted $2.07 EPS. As a group, sell-side analysts forecast that Honeywell International Inc. will post 10.23 EPS for the current fiscal year.

Honeywell International Dividend Announcement

The business also recently announced 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 dividend on an annualized basis and a yield of 2.02%. Honeywell International’s dividend payout ratio (DPR) is presently 50.06%.

Analysts Set New Price Targets

A number of research firms have commented on HON. Royal Bank of Canada cut their price objective on shares of Honeywell International from $222.00 to $218.00 and set a “sector perform” rating for the company in a report on Tuesday, June 4th. StockNews.com raised Honeywell International from a “hold” rating to a “buy” rating in a research note on Wednesday, May 15th. UBS Group raised Honeywell International from a “sell” rating to a “neutral” rating and raised their target price for the stock from $175.00 to $215.00 in a research note on Monday, June 10th. Daiwa America raised shares of Honeywell International to a “moderate buy” rating in a report on Wednesday, June 5th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $215.00 target price (down from $227.00) on shares of Honeywell International in a research note on Tuesday, April 16th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $224.75.

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.