Pitcairn Co. Has $1.08 Million Stock Holdings in Honeywell International Inc. (NASDAQ:HON)

Pitcairn Co. cut its stake in Honeywell International Inc. (NASDAQ:HON) by 7.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,262 shares of the conglomerate’s stock after selling 416 shares during the quarter. Pitcairn Co.’s holdings in Honeywell International were worth $1,080,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Indiana Trust & Investment Management CO raised its position in shares of 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 purchasing an additional 50 shares during the period. River Street Advisors LLC raised its position 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 buying an additional 50 shares during the last quarter. Triton Wealth Management PLLC raised its position in Honeywell International by 4.7% in the 4th quarter. Triton Wealth Management PLLC now owns 1,132 shares of the conglomerate’s stock valued at $233,000 after buying an additional 51 shares during the last quarter. Legacy Trust raised its position in Honeywell International by 2.1% in the 1st quarter. Legacy Trust now owns 2,527 shares of the conglomerate’s stock valued at $519,000 after buying an additional 52 shares during the last quarter. Finally, Morton Capital Management LLC CA raised its position in Honeywell International by 0.9% in the 4th quarter. Morton Capital Management LLC CA now owns 5,883 shares of the conglomerate’s stock valued at $1,234,000 after buying an additional 55 shares during the last quarter. Institutional investors and hedge funds own 75.91% of the company’s stock.

Analyst Ratings Changes

HON has been the subject of several research analyst reports. StockNews.com raised Honeywell International from a “hold” rating to a “buy” rating in a research report on Wednesday, May 15th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $215.00 price target (down previously from $227.00) on shares of Honeywell International in a research note on Tuesday, April 16th. 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 research note on Tuesday, June 4th. UBS Group upgraded Honeywell International from a “sell” rating to a “neutral” rating and increased their price target for the stock from $175.00 to $215.00 in a research note on Monday, June 10th. Finally, Daiwa America upgraded Honeywell International to a “moderate buy” rating in a research note on Wednesday, June 5th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Honeywell International presently has an average rating of “Moderate Buy” and an average price target of $225.63.

Insider Activity at Honeywell International

In related news, CFO Gregory P. Lewis sold 25,209 shares of the firm’s stock in a transaction dated 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 transaction, the chief financial officer now directly 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 Honeywell International stock in a transaction that occurred 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 transaction, the director now directly owns 203,510 shares of the company’s stock, valued at approximately $41,507,899.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Gregory P. Lewis sold 25,209 shares of Honeywell International stock in a transaction that occurred 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 completion of the sale, the chief financial officer now owns 55,471 shares in the company, 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.

Honeywell International Price Performance

Shares of NASDAQ HON traded down $11.20 during trading hours on Thursday, reaching $202.45. 6,034,154 shares of the stock traded hands, compared to its average volume of 2,872,850. The company has a market capitalization of $131.83 billion, a P/E ratio of 23.64, a price-to-earnings-growth ratio of 2.24 and a beta of 1.04. The company has a quick ratio of 1.28, a current ratio of 1.66 and a debt-to-equity ratio of 1.30. Honeywell International Inc. has a 52-week low of $174.88 and a 52-week high of $220.79. The company’s 50-day simple moving average is $210.10 and its two-hundred day simple moving average is $202.53.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings data on Thursday, April 25th. The conglomerate reported $2.25 earnings per share for the quarter, beating analysts’ consensus estimates of $2.17 by $0.08. The company had revenue of $9.11 billion for the quarter, compared to analysts’ expectations of $9.03 billion. Honeywell International had a return on equity of 35.88% and a net margin of 15.52%. Honeywell International’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same period last year, the firm posted $2.07 EPS. Equities research analysts forecast that Honeywell International Inc. will post 10.27 EPS for the current year.

Honeywell International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 7th. Investors of record on Friday, May 17th were issued a dividend of $1.08 per share. The ex-dividend date was Thursday, May 16th. This represents a $4.32 dividend on an annualized basis and a dividend yield of 2.13%. Honeywell International’s dividend payout ratio is 50.06%.

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.