Emprise Bank Acquires Shares of 3,011 Honeywell International Inc. (NASDAQ:HON)

Emprise Bank acquired a new stake in shares of Honeywell International Inc. (NASDAQ:HONFree Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 3,011 shares of the conglomerate’s stock, valued at approximately $618,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in HON. Altshuler Shaham Ltd acquired a new position in Honeywell International during the 4th quarter worth approximately $27,000. Scarborough Advisors LLC acquired a new position in Honeywell International during the 4th quarter worth approximately $27,000. Cordant Inc. acquired a new position in Honeywell International during the 4th quarter worth approximately $31,000. Rakuten Securities Inc. acquired a new position in Honeywell International during the 4th quarter worth approximately $31,000. Finally, Financial Connections Group Inc. acquired a new position in Honeywell International during the 4th quarter worth approximately $37,000. 75.91% of the stock is owned by hedge funds and other institutional investors.

Honeywell International Trading Up 0.4 %

Shares of Honeywell International stock traded up $0.92 during trading hours on Wednesday, reaching $212.87. 2,443,359 shares of the company’s stock were exchanged, compared to its average volume of 2,428,011. Honeywell International Inc. has a 52-week low of $174.88 and a 52-week high of $213.23. The firm has a market capitalization of $138.62 billion, a price-to-earnings ratio of 24.67, a price-to-earnings-growth ratio of 2.25 and a beta of 1.03. The company has a fifty day moving average of $200.89 and a 200-day moving average of $200.64. The company has a current ratio of 1.66, a quick ratio of 1.28 and a debt-to-equity ratio of 1.30.

Honeywell International (NASDAQ:HONGet Free Report) 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. Honeywell International had a return on equity of 35.88% and a net margin of 15.52%. The company had revenue of $9.11 billion for the quarter, compared to analyst estimates of $9.03 billion. During the same quarter in the prior year, the company posted $2.07 EPS. The business’s revenue for the quarter was up 2.7% compared to the same quarter last year. Sell-side analysts forecast that Honeywell International Inc. will post 10.24 EPS for the current fiscal year.

Honeywell International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 7th. Investors of record on Friday, May 17th were given a $1.08 dividend. This represents a $4.32 annualized dividend and a dividend yield of 2.03%. The ex-dividend date was Thursday, May 16th. Honeywell International’s dividend payout ratio (DPR) is currently 50.06%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. Royal Bank of Canada dropped their target price on Honeywell International from $222.00 to $218.00 and set a “sector perform” rating on the stock in a research report on Tuesday, June 4th. Barclays upped their price target on Honeywell International from $230.00 to $232.00 and gave the stock an “overweight” rating in a report on Tuesday, April 2nd. StockNews.com upgraded Honeywell International from a “hold” rating to a “buy” rating in a report on Wednesday, May 15th. Daiwa America upgraded Honeywell International to a “moderate buy” rating in a report on Wednesday, June 5th. Finally, Citigroup upped their price target on Honeywell International from $243.00 to $244.00 and gave the stock a “buy” rating in a report on Tuesday, June 4th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $224.75.

Get Our Latest Analysis on HON

Insider Buying and Selling

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 completion of the sale, the chief financial officer now directly owns 55,471 shares in the company, valued at approximately $10,709,231.26. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, 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 completion of the sale, the director now directly owns 203,510 shares in the company, valued at approximately $41,507,899.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Gregory P. Lewis sold 25,209 shares of the firm’s stock in a transaction dated Monday, April 29th. The shares were 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 $10,709,231.26. The disclosure for this sale can be found here. Corporate insiders own 0.41% of the company’s stock.

Honeywell International Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Honeywell International (NASDAQ:HON)

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