Honeywell International Inc. (NASDAQ:HON) Stake Cut by Transform Wealth LLC

Transform Wealth LLC reduced its holdings in Honeywell International Inc. (NASDAQ:HON) by 3.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,507 shares of the conglomerate’s stock after selling 126 shares during the period. Transform Wealth LLC’s holdings in Honeywell International were worth $720,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Stokes Capital Advisors LLC raised its stake in shares of Honeywell International by 9.0% during the 1st quarter. Stokes Capital Advisors LLC now owns 36,249 shares of the conglomerate’s stock worth $7,440,000 after purchasing an additional 3,000 shares in the last quarter. Thrive Wealth Management LLC raised its stake in shares of Honeywell International by 12.4% during the 1st quarter. Thrive Wealth Management LLC now owns 2,101 shares of the conglomerate’s stock worth $431,000 after purchasing an additional 231 shares in the last quarter. Bouvel Investment Partners LLC raised its stake in shares of Honeywell International by 0.7% during the 1st quarter. Bouvel Investment Partners LLC now owns 18,180 shares of the conglomerate’s stock worth $3,731,000 after purchasing an additional 125 shares in the last quarter. ERn Financial LLC raised its stake in shares of Honeywell International by 1.2% during the 1st quarter. ERn Financial LLC now owns 5,379 shares of the conglomerate’s stock worth $1,104,000 after purchasing an additional 66 shares in the last quarter. Finally, Wealthcare Advisory Partners LLC raised its stake in shares of Honeywell International by 351.6% during the 1st quarter. Wealthcare Advisory Partners LLC now owns 10,952 shares of the conglomerate’s stock worth $2,248,000 after purchasing an additional 8,527 shares in the last quarter. 75.91% of the stock is owned by hedge funds and other institutional investors.

Honeywell International Stock Performance

HON traded up $0.95 during midday trading on Thursday, reaching $214.38. The company’s stock had a trading volume of 1,912,875 shares, compared to its average volume of 2,930,779. The stock has a market cap of $139.60 billion, a P/E ratio of 24.89, a PEG ratio of 2.22 and a beta of 1.03. The company has a fifty day simple moving average of $202.99 and a 200 day simple moving average of $201.25. 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 Inc. has a twelve month low of $174.88 and a twelve month high of $218.36.

Honeywell International (NASDAQ:HON) last released its earnings results on Thursday, April 25th. The conglomerate reported $2.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.17 by $0.08. The firm had revenue of $9.11 billion for the quarter, compared to analyst estimates of $9.03 billion. Honeywell International had a return on equity of 35.88% and a net margin of 15.52%. The company’s revenue was up 2.7% on a year-over-year basis. During the same quarter last year, the firm posted $2.07 EPS. Research analysts expect 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 issued a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a dividend yield of 2.02%. The ex-dividend date was Thursday, May 16th. Honeywell International’s payout ratio is presently 50.06%.

Insider Transactions at Honeywell International

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 transaction 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CFO Gregory P. Lewis sold 25,209 shares of the firm’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 transaction 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Darius Adamczyk sold 28,500 shares of the firm’s 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 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 insiders.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Barclays raised their price target on Honeywell International from $230.00 to $232.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 2nd. Royal Bank of Canada cut their price objective on Honeywell International from $222.00 to $218.00 and set a “sector perform” rating on the stock in a research note on Tuesday, June 4th. StockNews.com raised Honeywell International from a “hold” rating to a “buy” rating in a research note on Wednesday, May 15th. Berenberg Bank raised Honeywell International from a “hold” rating to a “buy” rating and raised their price objective for the company from $195.00 to $240.00 in a research note on Wednesday, March 6th. Finally, Daiwa America raised Honeywell International to a “moderate buy” rating in a research note on Wednesday, June 5th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $224.75.

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.