Brookmont Capital Management Has $4.67 Million Stock Position in Honeywell International Inc. (NASDAQ:HON)

Brookmont Capital Management lifted its stake in Honeywell International Inc. (NASDAQ:HON) by 1.3% during the first quarter, HoldingsChannel.com reports. The firm owned 22,766 shares of the conglomerate’s stock after purchasing an additional 300 shares during the quarter. Honeywell International makes up about 2.5% of Brookmont Capital Management’s portfolio, making the stock its 8th largest holding. Brookmont Capital Management’s holdings in Honeywell International were worth $4,673,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in HON. Capital Asset Advisory Services LLC raised its holdings in Honeywell International by 16.8% in the 1st quarter. Capital Asset Advisory Services LLC now owns 12,754 shares of the conglomerate’s stock worth $2,514,000 after acquiring an additional 1,835 shares during the last quarter. Indiana Trust & Investment Management CO raised its stake in shares of Honeywell International by 2.1% in the first quarter. Indiana Trust & Investment Management CO now owns 5,678 shares of the conglomerate’s stock worth $1,165,000 after purchasing an additional 115 shares during the last quarter. Fifth Third Wealth Advisors LLC lifted its holdings in shares of Honeywell International by 0.6% during the first quarter. Fifth Third Wealth Advisors LLC now owns 11,176 shares of the conglomerate’s stock valued at $2,294,000 after purchasing an additional 65 shares in the last quarter. Cypress Wealth Services LLC boosted its position in shares of Honeywell International by 64.9% during the first quarter. Cypress Wealth Services LLC now owns 1,905 shares of the conglomerate’s stock valued at $391,000 after buying an additional 750 shares during the last quarter. Finally, Stokes Capital Advisors LLC increased its holdings in Honeywell International by 9.0% in the 1st quarter. Stokes Capital Advisors LLC now owns 36,249 shares of the conglomerate’s stock worth $7,440,000 after buying an additional 3,000 shares in the last quarter. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on HON. Citigroup upped their target price on shares of Honeywell International from $243.00 to $244.00 and gave the company a “buy” rating in a research note on Tuesday, June 4th. UBS Group raised shares of Honeywell International from a “sell” rating to a “neutral” rating and increased their target price for the stock from $175.00 to $215.00 in a report on Monday, June 10th. Royal Bank of Canada cut their price objective on shares of Honeywell International from $222.00 to $218.00 and set a “sector perform” rating for the company in a report on Tuesday, June 4th. StockNews.com upgraded shares of Honeywell International from a “hold” rating to a “buy” rating in a research report on Wednesday, May 15th. Finally, Daiwa America upgraded shares of Honeywell International to a “moderate buy” rating in a report on Wednesday, June 5th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $224.75.

Honeywell International Trading Down 0.4 %

HON stock traded down $0.84 during midday trading on Friday, reaching $213.54. The company’s stock had a trading volume of 4,804,785 shares, compared to its average volume of 2,945,894. Honeywell International Inc. has a 1 year low of $174.88 and a 1 year high of $218.36. The firm has a market capitalization of $139.06 billion, a price-to-earnings ratio of 24.74, a PEG ratio of 2.22 and a beta of 1.03. The stock has a fifty day simple moving average of $203.84 and a two-hundred day simple moving average of $201.43. 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 posted its quarterly earnings results on Thursday, April 25th. The conglomerate reported $2.25 EPS for the quarter, topping the consensus estimate of $2.17 by $0.08. The company had revenue of $9.11 billion for the quarter, compared to the consensus estimate of $9.03 billion. Honeywell International had a net margin of 15.52% and a return on equity of 35.88%. The firm’s revenue was up 2.7% compared to the same quarter last year. During the same quarter last year, the firm posted $2.07 EPS. On average, equities research analysts predict that Honeywell International Inc. will post 10.19 EPS for the current year.

Honeywell International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 7th. Shareholders of record on Friday, May 17th were given a dividend of $1.08 per share. This represents a $4.32 dividend on an annualized basis and a yield of 2.02%. The ex-dividend date of this dividend was Thursday, May 16th. Honeywell International’s dividend payout ratio (DPR) is presently 50.06%.

Insider Activity

In other news, CFO Gregory P. Lewis sold 25,209 shares of the business’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 completion of the sale, 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 document filed with the SEC, which is available at the SEC website. In other Honeywell International news, Director Darius Adamczyk sold 28,500 shares of Honeywell International stock in a transaction dated 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 in the company, valued at $41,507,899.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Gregory P. Lewis sold 25,209 shares of the stock in a transaction dated Monday, April 29th. The shares were 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 directly owns 55,471 shares of the company’s stock, valued at $10,709,231.26. The disclosure for this sale can be found here. Insiders own 0.41% of the company’s stock.

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.