International Assets Investment Management LLC Trims Stock Holdings in Honeywell International Inc. (NASDAQ:HON)

International Assets Investment Management LLC lessened its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 18.0% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,680 shares of the conglomerate’s stock after selling 806 shares during the quarter. International Assets Investment Management LLC’s holdings in Honeywell International were worth $743,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Altshuler Shaham Ltd bought a new stake in Honeywell International during the fourth quarter valued at approximately $27,000. Scarborough Advisors LLC purchased a new stake in Honeywell International during the 4th quarter valued at $27,000. Cordant Inc. purchased a new position in Honeywell International during the 4th quarter valued at about $31,000. Rakuten Securities Inc. purchased a new stake in Honeywell International in the fourth quarter worth $31,000. Finally, Financial Connections Group Inc. purchased a new position in shares of Honeywell International during the fourth quarter valued at about $37,000. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Royal Bank of Canada decreased their price target on shares of Honeywell International from $222.00 to $218.00 and set a “sector perform” rating for the company in a research note on Tuesday, June 4th. Berenberg Bank raised shares of Honeywell International from a “hold” rating to a “buy” rating and upped their price target for the company from $195.00 to $240.00 in a research report on Wednesday, March 6th. StockNews.com raised Honeywell International from a “hold” rating to a “buy” rating in a research note on Wednesday, May 15th. Daiwa America upgraded Honeywell International to a “moderate buy” rating in a research note on Wednesday, June 5th. Finally, UBS Group upgraded shares of Honeywell International from a “sell” rating to a “neutral” rating and boosted their price target for the stock from $175.00 to $215.00 in a research note on Monday, June 10th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Honeywell International presently has a consensus rating of “Moderate Buy” and an average price target of $224.75.

Insider Transactions at Honeywell International

In other 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 value of $5,812,860.00. Following the completion of the sale, the director now owns 203,510 shares in the company, valued at approximately $41,507,899.60. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, Director Darius Adamczyk sold 28,500 shares of the business’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 completion of the transaction, the director now directly owns 203,510 shares of the company’s stock, valued at approximately $41,507,899.60. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Gregory P. Lewis sold 25,209 shares of the firm’s 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 sale, the chief financial officer now directly owns 55,471 shares in the company, valued at approximately $10,709,231.26. The disclosure for this sale can be found here. Corporate insiders own 0.41% of the company’s stock.

Honeywell International Stock Performance

HON stock opened at $215.09 on Monday. The firm has a market cap of $140.06 billion, a price-to-earnings ratio of 24.92, a PEG ratio of 2.28 and a beta of 1.03. Honeywell International Inc. has a twelve month low of $174.88 and a twelve month high of $216.08. 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 business’s fifty day simple moving average is $201.62 and its two-hundred day simple moving average is $200.90.

Honeywell International (NASDAQ:HON) last released its quarterly earnings data on Thursday, April 25th. The conglomerate reported $2.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.17 by $0.08. The company had revenue of $9.11 billion during 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 firm’s quarterly revenue was up 2.7% on a year-over-year basis. During the same period in the previous year, the company earned $2.07 EPS. Analysts predict that Honeywell International Inc. will post 10.23 earnings per share for the current year.

Honeywell International Announces Dividend

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

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.