Honeywell International Inc. (NASDAQ:HON) Shares Sold by Alpha Omega Wealth Management LLC

Alpha Omega Wealth Management LLC decreased its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 1.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,866 shares of the conglomerate’s stock after selling 83 shares during the quarter. Alpha Omega Wealth Management LLC’s holdings in Honeywell International were worth $1,204,000 as of its most recent filing with the Securities and Exchange Commission.

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

Honeywell International Price Performance

Shares of NASDAQ HON traded down $0.84 during midday trading on Friday, reaching $213.54. The company’s stock had a trading volume of 4,804,816 shares, compared to its average volume of 2,832,742. Honeywell International Inc. has a one year low of $174.88 and a one year high of $218.36. The company has a 50 day moving average price of $203.84 and a 200 day moving average price of $201.43. 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 company has a market cap of $139.05 billion, a price-to-earnings ratio of 24.74, a price-to-earnings-growth ratio of 2.23 and a beta of 1.03.

Honeywell International (NASDAQ:HON) last released its quarterly earnings results on Thursday, April 25th. The conglomerate reported $2.25 earnings per share (EPS) 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 for the quarter, compared to analyst estimates of $9.03 billion. During the same quarter in the previous year, the business earned $2.07 earnings per share. The firm’s revenue was up 2.7% compared to the same quarter last year. On average, equities research analysts expect that Honeywell International Inc. will post 10.19 EPS for the current year.

Honeywell International Announces Dividend

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 of this dividend 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%.

Analyst Ratings Changes

Several research firms have recently commented on HON. Barclays lifted their price target on shares of Honeywell International from $230.00 to $232.00 and gave the company an “overweight” rating in a report on Tuesday, April 2nd. Berenberg Bank raised shares of Honeywell International from a “hold” rating to a “buy” rating and upped their price target for the stock from $195.00 to $240.00 in a research note on Wednesday, March 6th. Daiwa America raised shares of Honeywell International to a “moderate buy” rating in a research note on Wednesday, June 5th. UBS Group raised shares of Honeywell International from a “sell” rating to a “neutral” rating and upped their price target for the stock from $175.00 to $215.00 in a research note on Monday, June 10th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $215.00 price target (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 assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $224.75.

Insider Activity

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. In other Honeywell International news, 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 value of $5,812,860.00. Following the transaction, the director now owns 203,510 shares in the company, valued at approximately $41,507,899.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, 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 transaction of $4,866,849.54. Following the completion of the transaction, the chief financial officer now owns 55,471 shares in the company, valued at approximately $10,709,231.26. The disclosure for this sale can be found here. 0.41% of the stock is owned by company insiders.

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.