Honeywell International Inc. (NASDAQ:HON) Shares Sold by Intech Investment Management LLC

Intech Investment Management LLC decreased its position in Honeywell International Inc. (NASDAQ:HON) by 59.2% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 49,595 shares of the conglomerate’s stock after selling 71,885 shares during the period. Intech Investment Management LLC’s holdings in Honeywell International were worth $10,179,000 at the end of the most recent reporting period.

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

Wall Street Analyst Weigh In

Several analysts have recently issued reports on HON shares. Citigroup upped their price target 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. Royal Bank of Canada decreased their price target on Honeywell International from $222.00 to $218.00 and set a “sector perform” rating for the company in a research note on Tuesday, June 4th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $215.00 target price (down previously from $227.00) on shares of Honeywell International in a research note on Tuesday, April 16th. Finally, Wells Fargo & Company increased their target price on Honeywell International from $205.00 to $220.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 10th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $225.63.

Honeywell International Stock Down 1.4 %

Shares of HON traded down $3.06 on Friday, hitting $214.61. The company’s stock had a trading volume of 2,660,590 shares, compared to its average volume of 2,429,214. The company has a quick ratio of 1.28, a current ratio of 1.66 and a debt-to-equity ratio of 1.30. The firm’s fifty day moving average price is $209.38 and its 200-day moving average price is $202.28. Honeywell International Inc. has a fifty-two week low of $174.88 and a fifty-two week high of $220.79. The firm has a market capitalization of $139.75 billion, a price-to-earnings ratio of 24.87, a P/E/G ratio of 2.23 and a beta of 1.04.

Honeywell International (NASDAQ:HON) last issued its quarterly earnings data on Thursday, April 25th. The conglomerate reported $2.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.17 by $0.08. Honeywell International had a return on equity of 35.88% and a net margin of 15.52%. The business had revenue of $9.11 billion during the quarter, compared to analyst estimates of $9.03 billion. During the same period in the previous year, the firm earned $2.07 EPS. Honeywell International’s quarterly 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 business also recently disclosed a quarterly dividend, which was paid on Friday, June 7th. Stockholders of record on Friday, May 17th were paid a dividend of $1.08 per share. This represents a $4.32 dividend on an annualized basis and a dividend yield of 2.01%. The ex-dividend date was Thursday, May 16th. Honeywell International’s dividend payout ratio is currently 50.06%.

Insider Activity at Honeywell International

In related news, CFO Gregory P. Lewis sold 25,209 shares of the stock in a transaction on 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 sale, 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 hyperlink. In other news, CFO Gregory P. Lewis sold 25,209 shares of the 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 sale, the chief financial officer now directly owns 55,471 shares of the company’s stock, valued at approximately $10,709,231.26. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Darius Adamczyk sold 28,500 shares of the stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $203.96, for a total value of $5,812,860.00. Following the sale, the director now directly owns 203,510 shares in the company, valued at $41,507,899.60. The disclosure for this sale can be found here. 0.41% of the stock is owned by company 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.