Honeywell International Inc. (NASDAQ:HON) Stock Position Raised by SRN Advisors LLC

SRN Advisors LLC raised its position in shares of Honeywell International Inc. (NASDAQ:HON) by 5.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,290 shares of the conglomerate’s stock after purchasing an additional 204 shares during the period. SRN Advisors LLC’s holdings in Honeywell International were worth $881,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in HON. Jackson Wealth Management LLC raised its stake in shares of Honeywell International by 12.6% in the 1st quarter. Jackson Wealth Management LLC now owns 4,359 shares of the conglomerate’s stock valued at $895,000 after acquiring an additional 487 shares in the last quarter. Cypress Asset Management Inc. TX raised its stake in shares of Honeywell International by 2.7% in the 1st quarter. Cypress Asset Management Inc. TX now owns 26,048 shares of the conglomerate’s stock valued at $5,490,000 after acquiring an additional 681 shares in the last quarter. OMC Financial Services LTD bought a new position in shares of Honeywell International in the 1st quarter valued at approximately $208,000. EverSource Wealth Advisors LLC raised its stake in shares of Honeywell International by 17.9% in the 1st quarter. EverSource Wealth Advisors LLC now owns 2,448 shares of the conglomerate’s stock valued at $472,000 after acquiring an additional 371 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale raised its stake in shares of Honeywell International by 37.1% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 675,758 shares of the conglomerate’s stock valued at $139,173,000 after acquiring an additional 182,834 shares in the last quarter. 75.91% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Honeywell International

In other Honeywell International news, 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 value 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 document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.41% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on HON. Wells Fargo & Company cut their price objective on Honeywell International from $220.00 to $215.00 and set an “equal weight” rating on the stock in a research note on Friday, July 26th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $215.00 price target (down from $227.00) on shares of Honeywell International in a research report on Tuesday, April 16th. Daiwa America raised Honeywell International to a “moderate buy” rating in a research report on Wednesday, June 5th. Royal Bank of Canada dropped their price target on Honeywell International from $218.00 to $214.00 and set a “sector perform” rating on the stock in a research report on Friday, July 26th. Finally, Citigroup lifted their price target on Honeywell International from $243.00 to $244.00 and gave the stock a “buy” rating in a research report on Tuesday, June 4th. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $225.00.

Honeywell International Stock Performance

Shares of NASDAQ:HON traded down $0.89 during trading on Friday, hitting $203.69. 3,377,778 shares of the stock were exchanged, compared to its average volume of 2,908,121. Honeywell International Inc. has a 1-year low of $174.88 and a 1-year high of $220.79. The company has a market capitalization of $132.33 billion, a price-to-earnings ratio of 23.60, a price-to-earnings-growth ratio of 2.32 and a beta of 1.04. The company’s fifty day simple moving average is $210.09 and its 200-day simple moving average is $202.62. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.91 and a current ratio of 1.21.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings data on Thursday, July 25th. The conglomerate reported $2.49 earnings per share for the quarter, topping the consensus estimate of $2.42 by $0.07. Honeywell International had a return on equity of 36.87% and a net margin of 15.49%. The company had revenue of $9.58 billion for the quarter, compared to analyst estimates of $9.41 billion. During the same quarter last year, the firm earned $2.23 EPS. Honeywell International’s revenue for the quarter was up 4.7% compared to the same quarter last year. Sell-side analysts expect that Honeywell International Inc. will post 10.14 EPS for the current fiscal year.

Honeywell International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 6th. Investors of record on Friday, August 16th will be paid a $1.08 dividend. This represents a $4.32 annualized dividend and a yield of 2.12%. The ex-dividend date is Friday, August 16th. Honeywell International’s dividend payout ratio is 50.06%.

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.