Red Door Wealth Management LLC Buys 1,580 Shares of Honeywell International Inc. (NASDAQ:HON)

Red Door Wealth Management LLC lifted its stake in Honeywell International Inc. (NASDAQ:HON) by 7.5% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,752 shares of the conglomerate’s stock after purchasing an additional 1,580 shares during the quarter. Red Door Wealth Management LLC’s holdings in Honeywell International were worth $4,670,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Dark Forest Capital Management LP bought a new position in Honeywell International in the 3rd quarter valued at approximately $352,000. Ironwood Investment Counsel LLC lifted its position in Honeywell International by 144.9% in the 3rd quarter. Ironwood Investment Counsel LLC now owns 6,263 shares of the conglomerate’s stock valued at $1,157,000 after acquiring an additional 3,706 shares in the last quarter. Richard Bernstein Advisors LLC lifted its holdings in shares of Honeywell International by 13.8% during the 3rd quarter. Richard Bernstein Advisors LLC now owns 18,508 shares of the conglomerate’s stock valued at $3,419,000 after buying an additional 2,248 shares during the period. Waverly Advisors LLC lifted its holdings in shares of Honeywell International by 2.7% during the 3rd quarter. Waverly Advisors LLC now owns 8,817 shares of the conglomerate’s stock valued at $1,629,000 after buying an additional 230 shares during the period. Finally, United Services Automobile Association lifted its holdings in shares of Honeywell International by 11.2% during the 3rd quarter. United Services Automobile Association now owns 19,228 shares of the conglomerate’s stock valued at $3,552,000 after buying an additional 1,930 shares during the period. 75.91% of the stock is owned by institutional investors.

Honeywell International Price Performance

HON stock traded down $0.84 during trading on Friday, reaching $213.54. The company’s stock had a trading volume of 4,804,816 shares, compared to its average volume of 2,832,742. Honeywell International Inc. has a 1 year low of $174.88 and a 1 year high of $218.36. The company has a quick ratio of 1.28, a current ratio of 1.66 and a debt-to-equity ratio of 1.30. The company has a market capitalization of $139.06 billion, a P/E ratio of 24.74, a price-to-earnings-growth ratio of 2.22 and a beta of 1.03. The company’s fifty day moving average is $203.84 and its 200-day moving average is $201.43.

Honeywell International (NASDAQ:HON) last released its quarterly earnings data on Thursday, April 25th. The conglomerate reported $2.25 EPS for the quarter, beating the consensus estimate of $2.17 by $0.08. Honeywell International had a net margin of 15.52% and a return on equity of 35.88%. The business had revenue of $9.11 billion during the quarter, compared to the consensus estimate of $9.03 billion. During the same quarter in the prior year, the firm earned $2.07 EPS. The business’s revenue was up 2.7% on a year-over-year basis. On average, research analysts expect that Honeywell International Inc. will post 10.11 earnings per share for the current fiscal year.

Honeywell International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 7th. Investors of record on Friday, May 17th were issued a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a dividend yield of 2.02%. The ex-dividend date was Thursday, May 16th. Honeywell International’s payout ratio is 50.06%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on HON shares. Barclays increased their price target on Honeywell International from $230.00 to $232.00 and gave the company an “overweight” rating in a report on Tuesday, April 2nd. Citigroup increased their price target on Honeywell International from $243.00 to $244.00 and gave the company a “buy” rating in a report on Tuesday, June 4th. StockNews.com raised Honeywell International from a “hold” rating to a “buy” rating in a report on Wednesday, May 15th. Royal Bank of Canada lowered their price target on Honeywell International from $222.00 to $218.00 and set a “sector perform” rating on the stock in a report on Tuesday, June 4th. Finally, UBS Group upgraded Honeywell International from a “sell” rating to a “neutral” rating and upped their price objective for the stock from $175.00 to $215.00 in a research note on Monday, June 10th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $224.75.

Insider Activity at Honeywell International

In related news, 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 value of $4,866,849.54. Following the completion of the transaction, 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 SEC, which can be accessed through this hyperlink. In other Honeywell International news, Director Darius Adamczyk sold 28,500 shares of the firm’s stock in a transaction dated 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 sale, the director now owns 203,510 shares of the company’s stock, valued at $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 stock was sold at an average price of $193.06, for a total transaction of $4,866,849.54. Following the completion of the sale, the chief financial officer now directly owns 55,471 shares of the company’s stock, valued at approximately $10,709,231.26. The disclosure for this sale can be found here. 0.41% of the stock is owned by insiders.

Honeywell International Company 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.