Newbridge Financial Services Group Inc. Acquires 94 Shares of Honeywell International Inc. (NASDAQ:HON)

Newbridge Financial Services Group Inc. lifted its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 48.5% in the first quarter, according to its most recent filing with the SEC. The firm owned 288 shares of the conglomerate’s stock after acquiring an additional 94 shares during the period. Newbridge Financial Services Group Inc.’s holdings in Honeywell International were worth $59,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in HON. Morton Capital Management LLC CA raised its stake in Honeywell International by 0.9% in the 3rd quarter. Morton Capital Management LLC CA now owns 5,828 shares of the conglomerate’s stock valued at $1,077,000 after acquiring an additional 50 shares during the period. Wayfinding Financial LLC raised its stake in Honeywell International by 3.4% in the 4th quarter. Wayfinding Financial LLC now owns 1,515 shares of the conglomerate’s stock valued at $317,000 after acquiring an additional 50 shares during the period. Indiana Trust & Investment Management CO increased 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 valued at $1,167,000 after buying an additional 50 shares during the period. River Street Advisors LLC increased its position in shares of Honeywell International by 2.0% during the fourth 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 period. Finally, Triton Wealth Management PLLC increased its position in shares of Honeywell International by 4.7% during the fourth 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 period. 75.91% of the stock is owned by institutional investors.

Insider Activity at Honeywell International

In other Honeywell International news, 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 sale, the chief financial officer now owns 55,471 shares of the company’s stock, valued at approximately $10,709,231.26. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, 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 transaction, the chief financial officer now owns 55,471 shares in the company, valued at approximately $10,709,231.26. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, 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 completion of the transaction, the director now owns 203,510 shares of the company’s stock, valued at approximately $41,507,899.60. The disclosure for this sale can be found here. 0.41% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

HON has been the subject of several research reports. Barclays upped their target price on Honeywell International from $230.00 to $232.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 2nd. StockNews.com raised Honeywell International from a “hold” rating to a “buy” rating in a research note on Wednesday, May 15th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $215.00 target price (down previously from $227.00) on shares of Honeywell International in a research note on Tuesday, April 16th. Berenberg Bank raised Honeywell International from a “hold” rating to a “buy” rating and increased their price objective for the company from $195.00 to $240.00 in a research note on Wednesday, March 6th. Finally, Royal Bank of Canada dropped their price objective on Honeywell International from $210.00 to $209.00 and set a “sector perform” rating for the company in a research note on Friday, February 2nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, Honeywell International presently has an average rating of “Hold” and an average price target of $215.71.

Honeywell International Stock Performance

Shares of Honeywell International stock traded down $0.71 during trading on Wednesday, hitting $202.80. 2,013,266 shares of the company’s stock traded hands, compared to its average volume of 2,942,186. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.66 and a quick ratio of 1.28. Honeywell International Inc. has a 1 year low of $174.88 and a 1 year high of $210.87. The stock has a market capitalization of $132.06 billion, a P/E ratio of 23.50, a PEG ratio of 2.36 and a beta of 1.02. The business has a 50-day simple moving average of $198.40 and a 200-day simple moving average of $198.51.

Honeywell International (NASDAQ:HON) last announced its earnings results on Thursday, April 25th. The conglomerate reported $2.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.17 by $0.08. The business 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%. The business’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same period last year, the firm posted $2.07 earnings per share. As a group, analysts forecast that Honeywell International Inc. will post 9.93 EPS for the current year.

Honeywell International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 7th. Stockholders of record on Friday, May 17th will be paid a $1.08 dividend. This represents a $4.32 annualized dividend and a dividend yield of 2.13%. The ex-dividend date of this dividend is Thursday, May 16th. Honeywell International’s dividend payout ratio (DPR) is currently 50.06%.

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.