Prentice Wealth Management LLC Has $520,000 Holdings in Honeywell International Inc. (NASDAQ:HON)

Prentice Wealth Management LLC increased its holdings in Honeywell International Inc. (NASDAQ:HON) by 4.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,533 shares of the conglomerate’s stock after purchasing an additional 102 shares during the period. Prentice Wealth Management LLC’s holdings in Honeywell International were worth $520,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Altshuler Shaham Ltd bought a new position in shares of Honeywell International during the 4th quarter worth about $27,000. Scarborough Advisors LLC bought a new position in shares of Honeywell International during the 4th quarter worth about $27,000. Cordant Inc. acquired a new stake in shares of Honeywell International during the 4th quarter worth about $31,000. Rakuten Securities Inc. acquired a new stake in shares of Honeywell International during the 4th quarter worth about $31,000. Finally, Financial Connections Group Inc. acquired a new stake in shares of Honeywell International during the 4th quarter worth about $37,000. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Darius Adamczyk sold 28,500 shares of the firm’s stock in a transaction that occurred on Wednesday, May 15th. The shares were 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 directly owns 203,510 shares in the company, valued at $41,507,899.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 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 shares were sold at an average price of $203.96, for a total transaction of $5,812,860.00. Following the transaction, the director now directly owns 203,510 shares of the company’s stock, valued at $41,507,899.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Gregory P. Lewis sold 25,209 shares of Honeywell International stock in a transaction on 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 completion of the transaction, the chief financial officer now directly 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 owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on HON shares. Barclays lifted 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. UBS Group raised shares of Honeywell International from a “sell” rating to a “neutral” rating and increased their price objective for the company from $175.00 to $215.00 in a research report on Monday, June 10th. StockNews.com raised shares of Honeywell International from a “hold” rating to a “buy” rating in a research note on Wednesday, May 15th. Citigroup increased their target price on shares of Honeywell International from $243.00 to $244.00 and gave the stock a “buy” rating in a research note on Tuesday, June 4th. Finally, Berenberg Bank raised shares of Honeywell International from a “hold” rating to a “buy” rating and increased their target price for the stock from $195.00 to $240.00 in a research note on Wednesday, March 6th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $224.75.

Honeywell International Stock Performance

NASDAQ:HON traded down $0.63 on Wednesday, reaching $213.82. 841,555 shares of the company’s stock were exchanged, compared to its average volume of 2,928,202. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.66 and a quick ratio of 1.28. The firm has a market cap of $139.24 billion, a price-to-earnings ratio of 24.78, a P/E/G ratio of 2.22 and a beta of 1.03. Honeywell International Inc. has a 52 week low of $174.88 and a 52 week high of $218.36. The stock has a fifty day simple moving average of $202.53 and a 200-day simple moving average of $201.17.

Honeywell International (NASDAQ:HON) last issued its 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 net margin of 15.52% and a return on equity of 35.88%. The firm had revenue of $9.11 billion during the quarter, compared to analyst estimates of $9.03 billion. During the same quarter last year, the business earned $2.07 earnings per share. The company’s quarterly revenue was up 2.7% on a year-over-year basis. As a group, sell-side analysts predict that Honeywell International Inc. will post 10.23 earnings per share for the current year.

Honeywell International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 7th. Stockholders of record on Friday, May 17th were given a $1.08 dividend. The ex-dividend date was Thursday, May 16th. This represents a $4.32 dividend on an annualized basis and a dividend yield of 2.02%. 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.