Intech Investment Management LLC Sells 71,885 Shares of Honeywell International Inc. (NASDAQ:HON)

Intech Investment Management LLC trimmed its stake in Honeywell International Inc. (NASDAQ:HON) by 59.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 49,595 shares of the conglomerate’s stock after selling 71,885 shares during the quarter. Intech Investment Management LLC’s holdings in Honeywell International were worth $10,179,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of HON. BKM Wealth Management LLC purchased a new stake in shares of Honeywell International in the 4th quarter valued at $392,000. Ausdal Financial Partners Inc. boosted its position in Honeywell International by 7.3% during the 4th quarter. Ausdal Financial Partners Inc. now owns 1,304 shares of the conglomerate’s stock valued at $273,000 after buying an additional 89 shares during the period. Rockland Trust Co. boosted its position in Honeywell International by 3.4% during the 4th quarter. Rockland Trust Co. now owns 2,071 shares of the conglomerate’s stock valued at $434,000 after buying an additional 68 shares during the period. OneAscent Financial Services LLC boosted its position in Honeywell International by 41.7% during the 4th quarter. OneAscent Financial Services LLC now owns 1,672 shares of the conglomerate’s stock valued at $351,000 after buying an additional 492 shares during the period. Finally, Brookstone Capital Management lifted its position in shares of Honeywell International by 3.0% in the 4th quarter. Brookstone Capital Management now owns 44,752 shares of the conglomerate’s stock worth $9,385,000 after purchasing an additional 1,311 shares during the period. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

Honeywell International Stock Performance

NASDAQ:HON traded down $3.06 during midday trading on Friday, hitting $214.61. The company’s stock had a trading volume of 2,660,590 shares, compared to its average volume of 2,429,214. 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 $139.75 billion, a P/E ratio of 24.87, a P/E/G ratio of 2.23 and a beta of 1.04. The firm’s 50 day moving average is $209.38 and its 200-day moving average is $202.28. Honeywell International Inc. has a fifty-two week low of $174.88 and a fifty-two week high of $220.79.

Honeywell International (NASDAQ:HON) last posted its earnings results on Thursday, April 25th. The conglomerate reported $2.25 earnings per share for the quarter, beating the consensus estimate of $2.17 by $0.08. The firm had revenue of $9.11 billion during the quarter, compared to analyst estimates of $9.03 billion. Honeywell International had a net margin of 15.52% and a return on equity of 35.88%. The business’s quarterly revenue was up 2.7% on a year-over-year basis. During the same period in the previous year, the firm earned $2.07 EPS. Equities analysts anticipate that Honeywell International Inc. will post 10.19 earnings per share for the current fiscal year.

Honeywell International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 7th. Shareholders of record on Friday, May 17th were paid a dividend of $1.08 per share. The ex-dividend date was Thursday, May 16th. This represents a $4.32 annualized dividend and a yield of 2.01%. Honeywell International’s dividend payout ratio (DPR) is presently 50.06%.

Insider Buying and Selling at Honeywell International

In other Honeywell International news, Director Darius Adamczyk sold 28,500 shares of the business’s stock in a transaction dated 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 sale, the director now directly owns 203,510 shares in the company, valued at $41,507,899.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CFO Gregory P. Lewis sold 25,209 shares of the stock in a transaction that occurred on Monday, April 29th. The stock was 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 directly owns 55,471 shares of the company’s stock, valued at $10,709,231.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Darius Adamczyk sold 28,500 shares of the 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 sale, the director now directly owns 203,510 shares of the company’s stock, valued at $41,507,899.60. The disclosure for this sale can be found here. 0.41% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. UBS Group upgraded shares of Honeywell International from a “sell” rating to a “neutral” rating and increased their price target for the stock from $175.00 to $215.00 in a research note on Monday, June 10th. Barclays raised their price objective on shares of Honeywell International from $230.00 to $232.00 and gave the company an “overweight” rating in a research note on Tuesday, April 2nd. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $215.00 price objective (down previously from $227.00) on shares of Honeywell International in a report on Tuesday, April 16th. Wells Fargo & Company raised their price objective on shares of Honeywell International from $205.00 to $220.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 10th. Finally, StockNews.com raised shares of Honeywell International from a “hold” rating to a “buy” rating in a report on Wednesday, May 15th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Honeywell International has an average rating of “Moderate Buy” and a consensus target price of $225.63.

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.