Honeywell International Inc. (NASDAQ:HON) Stock Position Cut by Ridgecrest Wealth Partners LLC

Ridgecrest Wealth Partners LLC trimmed its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 5.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,293 shares of the conglomerate’s stock after selling 145 shares during the quarter. Ridgecrest Wealth Partners LLC’s holdings in Honeywell International were worth $471,000 as of its most recent filing with the Securities and Exchange Commission.

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

Analyst Ratings Changes

HON has been the subject of a number of recent research reports. Daiwa America upgraded Honeywell International to a “moderate buy” rating in a research report on Wednesday, June 5th. Royal Bank of Canada reduced their target price on Honeywell International from $222.00 to $218.00 and set a “sector perform” rating for the company in a report on Tuesday, June 4th. StockNews.com raised Honeywell International from a “hold” rating to a “buy” rating in a research note on Wednesday, May 15th. Barclays boosted their price objective on Honeywell International from $230.00 to $232.00 and gave the stock an “overweight” rating in a report on Tuesday, April 2nd. Finally, UBS Group upgraded shares of Honeywell International from a “sell” rating to a “neutral” rating and raised their target price for the stock from $175.00 to $215.00 in a report on Monday, June 10th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $224.75.

Insider Transactions at Honeywell International

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

Honeywell International Stock Down 0.4 %

Shares of Honeywell International stock opened at $213.54 on Friday. Honeywell International Inc. has a 1 year low of $174.88 and a 1 year high of $218.36. The company has a market cap of $139.06 billion, a P/E ratio of 24.74, a P/E/G ratio of 2.22 and a beta of 1.03. The company has a current ratio of 1.66, a quick ratio of 1.28 and a debt-to-equity ratio of 1.30. The stock has a 50-day moving average price of $203.84 and a 200 day moving average price of $201.43.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings results on Thursday, April 25th. The conglomerate reported $2.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.17 by $0.08. Honeywell International had a net margin of 15.52% and a return on equity of 35.88%. The business had revenue of $9.11 billion during the quarter, compared to analyst estimates of $9.03 billion. During the same period in the prior year, the firm earned $2.07 earnings per share. The firm’s revenue was up 2.7% compared to the same quarter last year. As a group, analysts expect that Honeywell International Inc. will post 10.11 EPS for the current fiscal year.

Honeywell International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 7th. Stockholders of record on Friday, May 17th were issued a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a dividend yield of 2.02%. The ex-dividend date of this dividend was Thursday, May 16th. Honeywell International’s dividend payout ratio is currently 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.