Miracle Mile Advisors LLC Acquires 60,231 Shares of Honeywell International Inc. (NASDAQ:HON)

Miracle Mile Advisors LLC grew its holdings in Honeywell International Inc. (NASDAQ:HON) by 681.4% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 69,070 shares of the conglomerate’s stock after buying an additional 60,231 shares during the period. Miracle Mile Advisors LLC’s holdings in Honeywell International were worth $14,177,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in HON. Morton Capital Management LLC CA lifted its stake in shares of Honeywell International by 0.9% in the 3rd quarter. Morton Capital Management LLC CA now owns 5,828 shares of the conglomerate’s stock worth $1,077,000 after acquiring an additional 50 shares during the period. Wayfinding Financial LLC grew its position in shares of Honeywell International by 3.4% in the fourth quarter. Wayfinding Financial LLC now owns 1,515 shares of the conglomerate’s stock valued at $317,000 after purchasing an additional 50 shares during the last quarter. Indiana Trust & Investment Management CO increased its position in Honeywell International by 0.9% during the fourth quarter. Indiana Trust & Investment Management CO now owns 5,563 shares of the conglomerate’s stock worth $1,167,000 after buying an additional 50 shares in the last quarter. River Street Advisors LLC lifted its holdings in Honeywell International by 2.0% in the 4th quarter. River Street Advisors LLC now owns 2,599 shares of the conglomerate’s stock valued at $545,000 after purchasing an additional 50 shares in the last quarter. Finally, Triton Wealth Management PLLC grew its stake in Honeywell International by 4.7% in the 4th quarter. Triton Wealth Management PLLC now owns 1,132 shares of the conglomerate’s stock worth $233,000 after acquiring an additional 51 shares during the period. 75.91% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently commented on HON shares. Daiwa America upgraded Honeywell International to a “moderate buy” rating in a research note on Wednesday, June 5th. UBS Group upgraded shares of Honeywell International from a “sell” rating to a “neutral” rating and increased their price objective for the stock from $175.00 to $215.00 in a report on Monday, June 10th. StockNews.com upgraded shares of Honeywell International from a “hold” rating to a “buy” rating in a report on Wednesday, May 15th. Royal Bank of Canada cut their price target on shares of 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. Finally, Citigroup boosted their price objective on shares of Honeywell International from $243.00 to $244.00 and gave the company a “buy” rating in a research note on Tuesday, June 4th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $224.75.

Insider Buying and Selling

In other news, Director Darius Adamczyk sold 28,500 shares of the 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 completion of 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 SEC, which is accessible 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 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 in the company, valued at $41,507,899.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 value of $4,866,849.54. Following the sale, the chief financial officer now directly owns 55,471 shares in the company, valued at $10,709,231.26. The disclosure for this sale can be found here. Insiders own 0.41% of the company’s stock.

Honeywell International Stock Down 1.2 %

Shares of HON traded down $2.59 during midday trading on Monday, reaching $210.95. 2,147,232 shares of the company were exchanged, compared to its average volume of 2,939,487. 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 1-year low of $174.88 and a 1-year high of $218.36. The company has a market cap of $137.37 billion, a price-to-earnings ratio of 24.46, a P/E/G ratio of 2.23 and a beta of 1.04. The stock has a 50-day moving average price of $203.84 and a 200-day moving average price of $201.42.

Honeywell International (NASDAQ:HON) last posted its earnings results on Thursday, April 25th. The conglomerate reported $2.25 EPS for the quarter, topping analysts’ consensus estimates of $2.17 by $0.08. The business 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 for the quarter was up 2.7% compared to the same quarter last year. During the same period in the previous year, the company posted $2.07 earnings per share. Research analysts expect that Honeywell International Inc. will post 10.11 earnings per share for the current year.

Honeywell International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 7th. Stockholders of record on Friday, May 17th were given a dividend of $1.08 per share. This represents a $4.32 dividend on an annualized basis and a dividend yield of 2.05%. The ex-dividend date was Thursday, May 16th. Honeywell International’s payout ratio is 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.