Blue Square Asset Management LLC Grows Position in Honeywell International Inc. (NASDAQ:HON)

Blue Square Asset Management LLC increased its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 7.7% in the first quarter, according to its most recent filing with the SEC. The fund owned 7,167 shares of the conglomerate’s stock after acquiring an additional 511 shares during the period. Blue Square Asset Management LLC’s holdings in Honeywell International were worth $1,471,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Scarborough Advisors LLC bought a new stake in shares of Honeywell International during the 4th quarter worth approximately $27,000. Altshuler Shaham Ltd bought a new stake in Honeywell International during the 4th quarter valued at $27,000. Rakuten Securities Inc. bought a new stake in Honeywell International during the 4th quarter valued at $31,000. Cordant Inc. bought a new stake in Honeywell International during the 4th quarter valued at $31,000. Finally, Richardson Capital Management LLC bought a new stake in Honeywell International during the 1st quarter valued at $35,000. 75.91% of the stock is owned by institutional investors.

Insider Buying and Selling at Honeywell International

In other news, CFO Gregory P. Lewis sold 25,209 shares of the business’s 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 transaction, the chief financial officer now owns 55,471 shares of the company’s stock, valued at approximately $10,709,231.26. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other Honeywell International 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 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 through this hyperlink. Also, 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 of the company’s stock, valued at approximately $10,709,231.26. The disclosure for this sale can be found here. Company insiders own 0.41% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on HON. Wells Fargo & Company boosted their price target on Honeywell International from $205.00 to $220.00 and gave the stock an “equal weight” rating in a research report on Wednesday. Daiwa America raised Honeywell International to a “moderate buy” rating in a research report on Wednesday, June 5th. UBS Group raised Honeywell International from a “sell” rating to a “neutral” rating and boosted their price target for the stock from $175.00 to $215.00 in a research report on Monday, June 10th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $215.00 price target (down from $227.00) on shares of Honeywell International in a research report on Tuesday, April 16th. Finally, Royal Bank of Canada reduced their price target on Honeywell International from $222.00 to $218.00 and set a “sector perform” rating for the company in a research report on Tuesday, June 4th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $225.63.

Honeywell International Stock Performance

Honeywell International stock traded up $0.36 during trading hours on Thursday, hitting $214.85. 2,700,122 shares of the stock traded hands, compared to its average volume of 2,874,954. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.66 and a quick ratio of 1.28. The firm’s 50 day moving average price is $206.71 and its 200-day moving average price is $201.89. The stock has a market capitalization of $139.91 billion, a price-to-earnings ratio of 24.97, a P/E/G ratio of 2.19 and a beta of 1.04. Honeywell International Inc. has a 1 year low of $174.88 and a 1 year high of $218.36.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings results on Thursday, April 25th. The conglomerate reported $2.25 earnings per share for the quarter, beating the consensus estimate of $2.17 by $0.08. The business had revenue of $9.11 billion for the quarter, compared to the consensus estimate of $9.03 billion. Honeywell International had a return on equity of 35.88% and a net margin of 15.52%. The company’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.07 EPS. As a group, equities analysts expect that Honeywell International Inc. will post 10.2 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. Shareholders of record on Friday, May 17th were paid a dividend of $1.08 per share. The ex-dividend date was Thursday, May 16th. This represents a $4.32 annualized dividend and a yield of 2.01%. Honeywell International’s payout ratio is presently 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.