New Century Financial Group LLC Has $817,000 Stock Holdings in Honeywell International Inc. (NASDAQ:HON)

New Century Financial Group LLC boosted its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 5.0% during the 1st quarter, Holdings Channel reports. The institutional investor owned 3,980 shares of the conglomerate’s stock after buying an additional 191 shares during the period. New Century Financial Group LLC’s holdings in Honeywell International were worth $817,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Altshuler Shaham Ltd bought a new stake in Honeywell International in the fourth quarter worth approximately $27,000. Scarborough Advisors LLC bought a new stake in Honeywell International in the fourth quarter worth $27,000. Cordant Inc. acquired a new position in Honeywell International during the fourth quarter worth $31,000. Rakuten Securities Inc. bought a new position in Honeywell International during the fourth quarter valued at about $31,000. Finally, Richardson Capital Management LLC acquired a new stake in shares of Honeywell International in the first quarter worth about $35,000. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Honeywell International Stock Performance

Shares of NASDAQ HON traded down $0.77 during trading hours on Thursday, reaching $212.46. The stock had a trading volume of 1,086,724 shares, compared to its average volume of 2,827,435. The company has a market cap of $138.35 billion, a price-to-earnings ratio of 24.62, a PEG ratio of 2.23 and a beta of 1.04. Honeywell International Inc. has a twelve month low of $174.88 and a twelve month high of $218.36. The business’s fifty day moving average is $204.84 and its two-hundred day moving average is $201.62. 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 (NASDAQ:HON) last announced its quarterly earnings data 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 company had revenue of $9.11 billion during the quarter, compared to analysts’ expectations of $9.03 billion. During the same quarter in the prior year, the company posted $2.07 EPS. The business’s revenue was up 2.7% on a year-over-year basis. As a group, research analysts expect that Honeywell International Inc. will post 10.11 EPS for the current year.

Honeywell International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 7th. Stockholders of record on Friday, May 17th were paid a $1.08 dividend. The ex-dividend date was Thursday, May 16th. This represents a $4.32 annualized dividend and a dividend yield of 2.03%. Honeywell International’s dividend payout ratio is currently 50.06%.

Analyst Upgrades and Downgrades

HON has been the topic of a number of analyst reports. Barclays increased their price objective on Honeywell International from $230.00 to $232.00 and gave the company an “overweight” rating in a report on Tuesday, April 2nd. Citigroup lifted their price objective on Honeywell International from $243.00 to $244.00 and gave the stock a “buy” rating in a research note on Tuesday, June 4th. Daiwa America upgraded Honeywell International to a “moderate buy” rating in a research note on Wednesday, June 5th. Berenberg Bank raised Honeywell International from a “hold” rating to a “buy” rating and lifted their price target for the stock from $195.00 to $240.00 in a research report on Wednesday, March 6th. Finally, Royal Bank of Canada cut their price target on Honeywell International from $222.00 to $218.00 and set a “sector perform” rating for the company in a report on Tuesday, June 4th. Four 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 has an average rating of “Moderate Buy” and a consensus price target of $224.75.

Insider Transactions at Honeywell International

In other Honeywell International news, CFO Gregory P. Lewis sold 25,209 shares of Honeywell International 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 completion of the transaction, the chief financial officer now directly owns 55,471 shares of the company’s stock, valued at $10,709,231.26. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, Director Darius Adamczyk sold 28,500 shares of the company’s stock in a transaction 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 transaction, the director now owns 203,510 shares of the company’s stock, valued at $41,507,899.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Gregory P. Lewis sold 25,209 shares of Honeywell International stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $193.06, for a total value of $4,866,849.54. Following the completion of the sale, the chief financial officer now owns 55,471 shares of the company’s stock, valued at $10,709,231.26. The disclosure for this sale can be found here. 0.41% of the stock is currently owned by 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.