Transcend Capital Advisors LLC Purchases 576 Shares of Honeywell International Inc. (NASDAQ:HON)

Transcend Capital Advisors LLC grew its position in shares of Honeywell International Inc. (NASDAQ:HON) by 3.8% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 15,931 shares of the conglomerate’s stock after purchasing an additional 576 shares during the quarter. Transcend Capital Advisors LLC’s holdings in Honeywell International were worth $3,402,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in HON. River Street Advisors LLC increased its position in Honeywell International by 2.0% in the fourth quarter. River Street Advisors LLC now owns 2,599 shares of the conglomerate’s stock worth $545,000 after buying an additional 50 shares in the last quarter. Triton Wealth Management PLLC increased its position in Honeywell International by 4.7% in the fourth quarter. Triton Wealth Management PLLC now owns 1,132 shares of the conglomerate’s stock worth $233,000 after buying an additional 51 shares in the last quarter. Legacy Trust increased its position in Honeywell International by 2.1% in the first quarter. Legacy Trust now owns 2,527 shares of the conglomerate’s stock worth $519,000 after buying an additional 52 shares in the last quarter. Spectrum Asset Management Inc. NB CA increased its position in Honeywell International by 0.3% in the fourth quarter. Spectrum Asset Management Inc. NB CA now owns 21,065 shares of the conglomerate’s stock worth $4,418,000 after buying an additional 55 shares in the last quarter. Finally, NTV Asset Management LLC increased its position in Honeywell International by 1.5% in the fourth quarter. NTV Asset Management LLC now owns 3,722 shares of the conglomerate’s stock worth $781,000 after buying an additional 55 shares in the last quarter. Institutional investors own 75.91% of the company’s stock.

Insider Buying and Selling at Honeywell International

In other news, Director Darius Adamczyk sold 28,500 shares of the firm’s 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 completion of the sale, the director now owns 203,510 shares of the company’s stock, valued at approximately $41,507,899.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.41% of the company’s stock.

Honeywell International Trading Down 0.4 %

HON traded down $0.89 during trading on Friday, hitting $203.69. 3,377,778 shares of the stock were exchanged, compared to its average volume of 2,908,121. The firm has a 50 day simple moving average of $210.09 and a 200 day simple moving average of $202.62. The firm has a market cap of $132.33 billion, a price-to-earnings ratio of 23.60, a P/E/G ratio of 2.32 and a beta of 1.04. Honeywell International Inc. has a 1 year low of $174.88 and a 1 year high of $220.79. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.91 and a current ratio of 1.21.

Honeywell International (NASDAQ:HON) last released its quarterly earnings data on Thursday, July 25th. The conglomerate reported $2.49 EPS for the quarter, topping the consensus estimate of $2.42 by $0.07. The company had revenue of $9.58 billion for the quarter, compared to the consensus estimate of $9.41 billion. Honeywell International had a return on equity of 36.87% and a net margin of 15.49%. Honeywell International’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period last year, the business posted $2.23 EPS. As a group, equities analysts expect that Honeywell International Inc. will post 10.14 EPS for the current year.

Honeywell International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 6th. Shareholders of record on Friday, August 16th will be given a dividend of $1.08 per share. The ex-dividend date is Friday, August 16th. This represents a $4.32 annualized dividend and a yield of 2.12%. Honeywell International’s dividend payout ratio (DPR) is presently 50.06%.

Analyst Ratings Changes

HON has been the subject of a number of recent analyst reports. UBS Group raised Honeywell International from a “sell” rating to a “neutral” rating and upped their price objective for the stock from $175.00 to $215.00 in a research note on Monday, June 10th. Citigroup upped 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. Royal Bank of Canada dropped their price target on Honeywell International from $218.00 to $214.00 and set a “sector perform” rating for the company in a research note on Friday, July 26th. Wells Fargo & Company dropped their price target on Honeywell International from $220.00 to $215.00 and set an “equal weight” rating for the company in a research note on Friday, July 26th. Finally, StockNews.com lowered Honeywell International from a “buy” rating to a “hold” rating in a research note on Saturday. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Honeywell International currently has an average rating of “Hold” and an average price target of $225.00.

Honeywell International 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.