Doheny Asset Management CA Buys Shares of 1,000 Honeywell International Inc. (NASDAQ:HON)

Doheny Asset Management CA acquired a new stake in shares of Honeywell International Inc. (NASDAQ:HON) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 1,000 shares of the conglomerate’s stock, valued at approximately $210,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Natixis Advisors L.P. raised its stake in shares of Honeywell International by 6.3% during the fourth quarter. Natixis Advisors L.P. now owns 662,491 shares of the conglomerate’s stock valued at $138,930,000 after purchasing an additional 39,091 shares in the last quarter. Benjamin Edwards Inc. raised its stake in shares of Honeywell International by 61.0% during the fourth quarter. Benjamin Edwards Inc. now owns 2,257 shares of the conglomerate’s stock valued at $473,000 after purchasing an additional 855 shares in the last quarter. Commonwealth Equity Services LLC raised its stake in shares of Honeywell International by 1.7% during the fourth quarter. Commonwealth Equity Services LLC now owns 389,860 shares of the conglomerate’s stock valued at $81,758,000 after purchasing an additional 6,553 shares in the last quarter. First Horizon Advisors Inc. raised its stake in shares of Honeywell International by 6.7% during the fourth quarter. First Horizon Advisors Inc. now owns 47,116 shares of the conglomerate’s stock valued at $9,881,000 after purchasing an additional 2,945 shares in the last quarter. Finally, Mechanics Financial Corp raised its stake in shares of Honeywell International by 1.6% during the fourth quarter. Mechanics Financial Corp now owns 10,841 shares of the conglomerate’s stock valued at $2,273,000 after purchasing an additional 170 shares in the last quarter. 75.91% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have commented on HON. Deutsche Bank Aktiengesellschaft reiterated 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. Berenberg Bank upgraded shares of Honeywell International from a “hold” rating to a “buy” rating and boosted their price target for the stock from $195.00 to $240.00 in a research report on Wednesday, March 6th. Royal Bank of Canada dropped their price target on shares of Honeywell International from $210.00 to $209.00 and set a “sector perform” rating on the stock in a research report on Friday, February 2nd. Barclays boosted their price target on shares of Honeywell International from $230.00 to $232.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 2nd. Finally, StockNews.com cut shares of Honeywell International from a “buy” rating to a “hold” rating in a research report on Thursday. One analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, Honeywell International presently has a consensus rating of “Hold” and an average price target of $215.71.

Insider Buying and Selling at Honeywell International

In other Honeywell International news, Director Darius Adamczyk sold 25,500 shares of Honeywell International stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $197.19, for a total transaction of $5,028,345.00. Following the transaction, the director now owns 183,400 shares of the company’s stock, valued at approximately $36,164,646. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CFO Gregory P. Lewis sold 25,209 shares of the business’s 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 of the company’s stock, valued at approximately $10,709,231.26. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Darius Adamczyk sold 25,500 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $197.19, for a total value of $5,028,345.00. Following the completion of the sale, the director now directly owns 183,400 shares of the company’s stock, valued at approximately $36,164,646. The disclosure for this sale can be found here. Company insiders own 0.41% of the company’s stock.

Honeywell International Trading Down 0.9 %

HON traded down $1.79 during trading on Thursday, reaching $193.51. The company had a trading volume of 1,651,222 shares, compared to its average volume of 3,022,175. The firm’s 50-day simple moving average is $197.90 and its 200 day simple moving average is $196.53. The company has a market cap of $126.01 billion, a price-to-earnings ratio of 22.63, a PEG ratio of 2.22 and a beta of 1.02. Honeywell International Inc. has a 12-month low of $174.88 and a 12-month high of $210.87. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.28 and a current ratio of 1.66.

Honeywell International (NASDAQ:HON) last issued its quarterly earnings results on Thursday, April 25th. The conglomerate reported $2.25 earnings per share for the quarter, topping analysts’ consensus estimates of $2.17 by $0.08. The firm 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 was up 2.7% on a year-over-year basis. During the same quarter last year, the business posted $2.07 EPS. Equities research analysts anticipate that Honeywell International Inc. will post 9.94 earnings per share for the current year.

Honeywell International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 7th. Shareholders of record on Friday, May 17th will be paid a dividend of $1.08 per share. The ex-dividend date is Thursday, May 16th. This represents a $4.32 annualized dividend and a yield of 2.23%. Honeywell International’s dividend payout ratio (DPR) is presently 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.