TIAA Trust National Association Grows Stock Position in Honeywell International Inc. (NASDAQ:HON)

TIAA Trust National Association boosted its position in Honeywell International Inc. (NASDAQ:HON) by 10.4% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 60,240 shares of the conglomerate’s stock after purchasing an additional 5,653 shares during the quarter. TIAA Trust National Association’s holdings in Honeywell International were worth $12,364,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in HON. Torray Investment Partners LLC grew its position in shares of Honeywell International by 0.3% in the fourth quarter. Torray Investment Partners LLC now owns 58,708 shares of the conglomerate’s stock valued at $12,312,000 after purchasing an additional 190 shares in the last quarter. Boyd Watterson Asset Management LLC OH raised its holdings in shares of Honeywell International by 0.3% during the 4th quarter. Boyd Watterson Asset Management LLC OH now owns 26,817 shares of the conglomerate’s stock worth $5,624,000 after acquiring an additional 89 shares during the period. Adell Harriman & Carpenter Inc. boosted its position in shares of Honeywell International by 2.1% during the 4th quarter. Adell Harriman & Carpenter Inc. now owns 57,231 shares of the conglomerate’s stock valued at $12,002,000 after acquiring an additional 1,189 shares during the last quarter. Nisa Investment Advisors LLC grew its holdings in shares of Honeywell International by 2.9% in the fourth quarter. Nisa Investment Advisors LLC now owns 225,185 shares of the conglomerate’s stock valued at $47,224,000 after purchasing an additional 6,253 shares during the period. Finally, Connectus Wealth LLC increased its position in Honeywell International by 2.2% during the fourth quarter. Connectus Wealth LLC now owns 224,661 shares of the conglomerate’s stock worth $47,128,000 after purchasing an additional 4,789 shares during the last quarter. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Insider Activity at Honeywell International

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 transaction 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 approximately $41,507,899.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related 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 directly owns 55,471 shares in the company, valued at approximately $10,709,231.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Darius Adamczyk sold 28,500 shares of the company’s stock in a transaction on 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 completion of 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 currently owned by corporate insiders.

Honeywell International Trading Down 1.4 %

NASDAQ:HON traded down $3.06 on Friday, reaching $214.61. 2,660,590 shares of the company’s stock were exchanged, compared to its average volume of 2,429,214. 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 firm has a market capitalization of $139.75 billion, a price-to-earnings ratio of 24.87, a price-to-earnings-growth ratio of 2.23 and a beta of 1.04. The business has a fifty day moving average of $209.38 and a 200-day moving average of $202.28. Honeywell International Inc. has a 52-week low of $174.88 and a 52-week high of $220.79.

Honeywell International (NASDAQ:HON) last released its 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. Honeywell International had a return on equity of 35.88% and a net margin of 15.52%. The firm had revenue of $9.11 billion during the quarter, compared to analysts’ expectations of $9.03 billion. During the same period in the previous year, the firm posted $2.07 EPS. Honeywell International’s revenue for the quarter was up 2.7% on a year-over-year basis. As a group, analysts expect that Honeywell International Inc. will post 10.19 earnings per share for the current year.

Honeywell International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 7th. Investors of record on Friday, May 17th were paid a dividend of $1.08 per share. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $4.32 dividend on an annualized basis and a dividend yield of 2.01%. Honeywell International’s payout ratio is currently 50.06%.

Wall Street Analyst Weigh In

HON has been the topic of several recent analyst reports. UBS Group raised shares of Honeywell International from a “sell” rating to a “neutral” rating and increased their price target for the company from $175.00 to $215.00 in a research note on Monday, June 10th. Wells Fargo & Company raised their target price on Honeywell International from $205.00 to $220.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 10th. Royal Bank of Canada decreased their price target 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. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $215.00 price objective (down from $227.00) on shares of Honeywell International in a report on Tuesday, April 16th. Finally, Barclays increased their target price on shares of Honeywell International from $230.00 to $232.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 2nd. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Honeywell International currently has a consensus rating of “Moderate Buy” and an average 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.