Janney Capital Management LLC Sells 1,902 Shares of Honeywell International Inc. (NASDAQ:HON)

Janney Capital Management LLC trimmed its stake in Honeywell International Inc. (NASDAQ:HON) by 3.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 60,307 shares of the conglomerate’s stock after selling 1,902 shares during the period. Janney Capital Management LLC’s holdings in Honeywell International were worth $12,378,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Altshuler Shaham Ltd acquired a new stake in Honeywell International in the fourth quarter valued at approximately $27,000. Scarborough Advisors LLC acquired a new stake in shares of Honeywell International in the 4th quarter worth $27,000. Cordant Inc. purchased a new position in Honeywell International during the 4th quarter worth $31,000. Rakuten Securities Inc. acquired a new position in Honeywell International during the 4th quarter valued at about $31,000. Finally, Richardson Capital Management LLC purchased a new stake in Honeywell International in the first quarter valued at about $35,000. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on HON. Barclays upped their price objective on shares of Honeywell International from $230.00 to $232.00 and gave the company an “overweight” rating in a report on Tuesday, April 2nd. Citigroup raised their price target on shares of Honeywell International from $243.00 to $244.00 and gave the stock a “buy” rating in a report on Tuesday, June 4th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $215.00 price objective (down from $227.00) on shares of Honeywell International in a report on Tuesday, April 16th. Daiwa America raised Honeywell International to a “moderate buy” rating in a research report on Wednesday, June 5th. Finally, StockNews.com raised Honeywell International from a “hold” rating to a “buy” rating in a research report on Wednesday, May 15th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Honeywell International currently has a consensus rating of “Moderate Buy” and a consensus price target of $224.75.

Insiders Place Their Bets

In related 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 transaction, the director now directly owns 203,510 shares of the company’s stock, valued at approximately $41,507,899.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Honeywell International news, CFO Gregory P. Lewis sold 25,209 shares of Honeywell International stock in a transaction on 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 owns 55,471 shares of the company’s stock, valued at approximately $10,709,231.26. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Darius Adamczyk sold 28,500 shares of the company’s stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $203.96, for a total transaction of $5,812,860.00. Following the sale, the director now directly 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 currently owned by company insiders.

Honeywell International Stock Performance

Shares of Honeywell International stock traded down $0.22 during trading on Friday, hitting $212.24. 1,355,280 shares of the company’s stock were exchanged, compared to its average volume of 2,582,087. The stock has a market capitalization of $138.21 billion, a price-to-earnings ratio of 24.59, a PEG ratio of 2.21 and a beta of 1.04. The business has a 50-day simple moving average of $205.61 and a 200-day simple moving average of $201.74. Honeywell International Inc. has a 52-week low of $174.88 and a 52-week high of $218.36. 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 issued its quarterly earnings data on Thursday, April 25th. The conglomerate reported $2.25 EPS for the quarter, topping analysts’ consensus estimates of $2.17 by $0.08. The business had revenue of $9.11 billion for the quarter, compared to analysts’ expectations of $9.03 billion. Honeywell International had a net margin of 15.52% and a return on equity of 35.88%. The business’s revenue was up 2.7% on a year-over-year basis. During the same quarter last year, the company earned $2.07 EPS. On average, research analysts forecast that Honeywell International Inc. will post 10.16 EPS for the current year.

Honeywell International Announces Dividend

The firm 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. This represents a $4.32 dividend on an annualized basis and a dividend yield of 2.04%. The ex-dividend date was Thursday, May 16th. Honeywell International’s dividend payout ratio (DPR) is presently 50.06%.

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.