MV Capital Management Inc. Sells 130 Shares of Honeywell International Inc. (NASDAQ:HON)

MV Capital Management Inc. lessened its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 22.7% during the 1st quarter, Holdings Channel.com reports. The firm owned 443 shares of the conglomerate’s stock after selling 130 shares during the period. MV Capital Management Inc.’s holdings in Honeywell International were worth $91,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Capital Advisors Ltd. LLC grew its holdings in Honeywell International by 3.9% during the 1st quarter. Capital Advisors Ltd. LLC now owns 2,625 shares of the conglomerate’s stock worth $539,000 after acquiring an additional 99 shares during the last quarter. Woodmont Investment Counsel LLC raised its stake in shares of Honeywell International by 10.3% in the first quarter. Woodmont Investment Counsel LLC now owns 6,311 shares of the conglomerate’s stock worth $1,295,000 after acquiring an additional 590 shares during the last quarter. Exchange Capital Management Inc. lifted its position in shares of Honeywell International by 19.1% during the first quarter. Exchange Capital Management Inc. now owns 20,649 shares of the conglomerate’s stock worth $4,238,000 after purchasing an additional 3,313 shares in the last quarter. Farmers & Merchants Investments Inc. grew its stake in shares of Honeywell International by 0.7% during the first quarter. Farmers & Merchants Investments Inc. now owns 70,207 shares of the conglomerate’s stock valued at $14,410,000 after purchasing an additional 478 shares during the last quarter. Finally, Iams Wealth Management LLC increased its holdings in shares of Honeywell International by 5.5% in the first quarter. Iams Wealth Management LLC now owns 8,983 shares of the conglomerate’s stock valued at $1,775,000 after purchasing an additional 466 shares in the last quarter. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Honeywell International

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 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 transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, CFO Gregory P. Lewis sold 25,209 shares of the business’s stock in a transaction dated Monday, April 29th. The stock was 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 $10,709,231.26. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Darius Adamczyk sold 28,500 shares of the stock in a transaction dated 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 of the company’s stock, valued at $41,507,899.60. The disclosure for this sale can be found here. Insiders own 0.41% of the company’s stock.

Honeywell International Stock Performance

Shares of NASDAQ:HON opened at $213.23 on Wednesday. The firm’s 50 day simple moving average is $204.15 and its 200 day simple moving average is $201.47. Honeywell International Inc. has a fifty-two week low of $174.88 and a fifty-two week high of $218.36. The company has a market capitalization of $138.85 billion, a price-to-earnings ratio of 24.71, a P/E/G ratio of 2.23 and a beta of 1.04. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.66 and a quick ratio of 1.28.

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

Honeywell International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 7th. Shareholders of record on Friday, May 17th were issued a dividend of $1.08 per share. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $4.32 annualized dividend and a yield of 2.03%. Honeywell International’s dividend payout ratio is presently 50.06%.

Wall Street Analyst Weigh In

HON has been the topic of a number of recent research reports. StockNews.com upgraded Honeywell International from a “hold” rating to a “buy” rating in a research report on Wednesday, May 15th. UBS Group upgraded Honeywell International from a “sell” rating to a “neutral” rating and raised their price target for the company from $175.00 to $215.00 in a report on Monday, June 10th. Barclays lifted 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. Citigroup upped their target price on shares of Honeywell International from $243.00 to $244.00 and gave the company a “buy” rating in a research report on Tuesday, June 4th. Finally, Royal Bank of Canada lowered 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 report on Tuesday, June 4th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Honeywell International currently has a consensus rating of “Moderate Buy” and an average target price of $224.75.

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.