Honeywell International Inc. (NASDAQ:HON) Shares Sold by KRS Capital Management LLC

KRS Capital Management LLC trimmed its position in shares of Honeywell International Inc. (NASDAQ:HON) by 5.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,895 shares of the conglomerate’s stock after selling 432 shares during the period. Honeywell International makes up 1.3% of KRS Capital Management LLC’s portfolio, making the stock its 14th biggest position. KRS Capital Management LLC’s holdings in Honeywell International were worth $1,621,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Dark Forest Capital Management LP acquired a new position in Honeywell International during the 3rd quarter worth $352,000. Mather Group LLC. boosted its holdings in shares of Honeywell International by 36.6% in the 3rd quarter. Mather Group LLC. now owns 7,140 shares of the conglomerate’s stock valued at $1,319,000 after buying an additional 1,912 shares during the period. Bank of Nova Scotia boosted its holdings in shares of 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 buying an additional 143,683 shares during the period. Cape Cod Five Cents Savings Bank boosted its holdings in shares of Honeywell International by 85.5% in the 3rd quarter. Cape Cod Five Cents Savings Bank now owns 6,854 shares of the conglomerate’s stock valued at $1,266,000 after buying an additional 3,160 shares during the period. Finally, CWA Asset Management Group LLC boosted its holdings in shares of Honeywell International by 5.9% in the 3rd 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 period. 75.91% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CFO Gregory P. Lewis sold 25,209 shares of the business’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 sale, the chief financial officer now owns 55,471 shares in the company, valued at $10,709,231.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Honeywell International news, CFO Gregory P. Lewis sold 25,209 shares of the company’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 value of $4,866,849.54. Following the transaction, the chief financial officer now owns 55,471 shares in the company, valued at approximately $10,709,231.26. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Darius Adamczyk sold 28,500 shares of the company’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 transaction of $5,812,860.00. Following the completion of the transaction, the director now owns 203,510 shares in the company, valued at approximately $41,507,899.60. The disclosure for this sale can be found here. 0.41% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have recently commented on HON. StockNews.com raised shares of Honeywell International from a “hold” rating to a “buy” rating in a report on Wednesday, May 15th. Berenberg Bank upgraded shares of Honeywell International from a “hold” rating to a “buy” rating and lifted their price objective for the company from $195.00 to $240.00 in a research report on Wednesday, March 6th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $215.00 price objective (down from $227.00) on shares of Honeywell International in a research report on Tuesday, April 16th. Citigroup lifted their price objective 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. Finally, UBS Group upgraded shares of Honeywell International from a “sell” rating to a “neutral” rating and lifted their price objective for the company from $175.00 to $215.00 in a research report on Monday, June 10th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $224.75.

Honeywell International Stock Performance

Shares of HON opened at $213.54 on Friday. The firm’s 50 day moving average is $203.84 and its 200-day moving average is $201.43. The stock has a market capitalization of $139.06 billion, a P/E ratio of 24.74, a P/E/G ratio of 2.23 and a beta of 1.03. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.66 and a quick ratio of 1.28. Honeywell International Inc. has a 12-month low of $174.88 and a 12-month 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 company had revenue of $9.11 billion for the quarter, compared to analysts’ expectations of $9.03 billion. Honeywell International had a net margin of 15.52% and a return on equity of 35.88%. The business’s revenue was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.07 EPS. Equities research analysts anticipate that Honeywell International Inc. will post 10.19 EPS for the current fiscal year.

Honeywell International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 7th. Stockholders of record on Friday, May 17th were issued a dividend of $1.08 per share. The ex-dividend date was Thursday, May 16th. This represents a $4.32 dividend on an annualized basis and a dividend yield of 2.02%. Honeywell International’s dividend payout ratio is currently 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.