Honeywell International Inc. (NASDAQ:HON) Shares Sold by Broderick Brian C

Broderick Brian C lessened its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 14.5% during the first quarter, HoldingsChannel reports. The firm owned 13,197 shares of the conglomerate’s stock after selling 2,240 shares during the quarter. Broderick Brian C’s holdings in Honeywell International were worth $2,709,000 at the end of the most recent quarter.

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

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on HON shares. Daiwa America raised shares of Honeywell International to a “moderate buy” rating in a report on Wednesday, June 5th. UBS Group raised shares of Honeywell International from a “sell” rating to a “neutral” rating and raised their price objective for the stock from $175.00 to $215.00 in a report on Monday, June 10th. Deutsche Bank Aktiengesellschaft restated 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. Royal Bank of Canada reduced 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 report on Tuesday, June 4th. Finally, Citigroup raised their price target on shares of Honeywell International from $243.00 to $244.00 and gave the stock a “buy” rating in a research report on Tuesday, June 4th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $225.63.

Honeywell International Stock Performance

NASDAQ:HON traded up $0.36 during mid-day trading on Thursday, hitting $214.85. The stock had a trading volume of 2,700,122 shares, compared to its average volume of 2,874,954. Honeywell International Inc. has a 52 week low of $174.88 and a 52 week high of $218.36. The stock has a market capitalization of $139.91 billion, a price-to-earnings ratio of 24.90, a P/E/G ratio of 2.19 and a beta of 1.04. The company has a 50 day simple moving average of $207.13 and a 200-day simple moving average of $201.98. 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 (NASDAQ:HON) last released its quarterly 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. 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 for the quarter, compared to the consensus estimate of $9.03 billion. During the same period in the previous year, the firm earned $2.07 EPS. Honeywell International’s revenue was up 2.7% on a year-over-year basis. On average, research analysts expect that Honeywell International Inc. will post 10.2 earnings per share for the current fiscal year.

Honeywell International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 7th. Stockholders of record on Friday, May 17th were given a $1.08 dividend. This represents a $4.32 annualized dividend and a dividend yield of 2.01%. The ex-dividend date of this dividend was Thursday, May 16th. Honeywell International’s dividend payout ratio (DPR) is currently 50.06%.

Insider Transactions at Honeywell International

In related news, Director Darius Adamczyk sold 28,500 shares of the business’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 transaction, the director now directly 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 accessible through the SEC website. In related news, CFO Gregory P. Lewis sold 25,209 shares of the business’s stock in a transaction 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 transaction, the chief financial officer now owns 55,471 shares of the company’s stock, valued at $10,709,231.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Darius Adamczyk sold 28,500 shares of the business’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 directly 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 currently owned by insiders.

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.