RDA Financial Network Raises Stock Holdings in Honeywell International Inc. (NASDAQ:HON)

RDA Financial Network raised its position in shares of Honeywell International Inc. (NASDAQ:HON) by 3.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,003 shares of the conglomerate’s stock after acquiring an additional 59 shares during the quarter. RDA Financial Network’s holdings in Honeywell International were worth $411,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Industrial Alliance Investment Management Inc. raised its holdings in shares of Honeywell International by 1,205.8% during the third quarter. Industrial Alliance Investment Management Inc. now owns 3,395 shares of the conglomerate’s stock valued at $627,000 after acquiring an additional 3,135 shares during the last quarter. Jag Capital Management LLC increased its holdings in shares of Honeywell International by 40.8% in the third quarter. Jag Capital Management LLC now owns 1,619 shares of the conglomerate’s stock valued at $299,000 after purchasing an additional 469 shares during the last quarter. Torray Investment Partners LLC increased its holdings 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 during the last quarter. Shulman DeMeo Asset Management LLC increased its holdings in shares of Honeywell International by 11.1% in the fourth quarter. Shulman DeMeo Asset Management LLC now owns 1,686 shares of the conglomerate’s stock valued at $354,000 after purchasing an additional 169 shares during the last quarter. Finally, Boyd Watterson Asset Management LLC OH increased its holdings in shares of Honeywell International by 0.3% in the fourth quarter. Boyd Watterson Asset Management LLC OH now owns 26,817 shares of the conglomerate’s stock valued at $5,624,000 after purchasing an additional 89 shares during the last quarter. Institutional investors and hedge funds own 75.91% of the company’s stock.

Honeywell International Stock Up 0.4 %

Honeywell International stock opened at $215.09 on Monday. Honeywell International Inc. has a 1-year low of $174.88 and a 1-year high of $216.08. 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 stock has a market cap of $140.06 billion, a PE ratio of 24.92, a P/E/G ratio of 2.28 and a beta of 1.03. The stock’s fifty day moving average is $201.62 and its two-hundred day moving average is $200.90.

Honeywell International (NASDAQ:HON) last posted its earnings results on Thursday, April 25th. The conglomerate reported $2.25 EPS for the quarter, topping analysts’ consensus estimates of $2.17 by $0.08. Honeywell International had a return on equity of 35.88% and a net margin of 15.52%. The business had revenue of $9.11 billion for the quarter, compared to analysts’ expectations of $9.03 billion. During the same quarter in the previous year, the firm earned $2.07 earnings per share. The business’s revenue was up 2.7% compared to the same quarter last year. On average, sell-side analysts expect that Honeywell International Inc. will post 10.23 EPS for the current fiscal year.

Honeywell International Announces Dividend

The firm also recently disclosed 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 dividend on an annualized basis and a yield of 2.01%. The ex-dividend date of this dividend was Thursday, May 16th. Honeywell International’s dividend payout ratio is presently 50.06%.

Analysts Set New Price Targets

Several brokerages recently weighed in on HON. Citigroup increased their price objective on Honeywell International from $243.00 to $244.00 and gave the stock a “buy” rating in a research report on Tuesday, June 4th. Daiwa America upgraded Honeywell International to a “moderate buy” rating in a research report on Wednesday, June 5th. Barclays increased their price objective on Honeywell International from $230.00 to $232.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 2nd. Royal Bank of Canada lowered their price objective on Honeywell International from $222.00 to $218.00 and set a “sector perform” rating for the company in a research report on Tuesday, June 4th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $215.00 price target (down from $227.00) on shares of Honeywell International in a research report on Tuesday, April 16th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $224.75.

Insider Buying and Selling at Honeywell International

In other news, CFO Gregory P. Lewis sold 25,209 shares of the business’s stock in a transaction that occurred on Monday, April 29th. The stock was 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 Securities & Exchange Commission, which is available through this hyperlink. In other news, CFO Gregory P. Lewis sold 25,209 shares of the business’s stock in a transaction that occurred on Monday, April 29th. The stock was 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 Securities & Exchange Commission, which is available through this hyperlink. Also, Director Darius Adamczyk sold 28,500 shares of the business’s stock in a transaction that occurred 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 approximately $41,507,899.60. The disclosure for this sale can be found here. 0.41% of the stock is owned by corporate insiders.

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.