Monument Capital Management Lowers Stake in Honeywell International Inc. (NASDAQ:HON)

Monument Capital Management lessened its stake in Honeywell International Inc. (NASDAQ:HON) by 12.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,218 shares of the conglomerate’s stock after selling 171 shares during the period. Monument Capital Management’s holdings in Honeywell International were worth $250,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in HON. Altshuler Shaham Ltd purchased a new position in Honeywell International during the fourth quarter valued at approximately $27,000. Scarborough Advisors LLC purchased a new position in shares of Honeywell International during the fourth quarter worth $27,000. Cordant Inc. purchased a new position in shares of Honeywell International during the 4th quarter valued at about $31,000. Rakuten Securities Inc. purchased a new position in Honeywell International during the fourth quarter valued at approximately $31,000. Finally, Richardson Capital Management LLC acquired a new position in Honeywell International in the first quarter valued at approximately $35,000. Institutional investors own 75.91% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on HON. Daiwa America raised shares of Honeywell International to a “moderate buy” rating in a research note on Wednesday, June 5th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $215.00 price objective (down previously from $227.00) on shares of Honeywell International in a research report on Tuesday, April 16th. Berenberg Bank upgraded Honeywell International from a “hold” rating to a “buy” rating and raised their target price for the company from $195.00 to $240.00 in a research report on Wednesday, March 6th. StockNews.com upgraded Honeywell International from a “hold” rating to a “buy” rating in a research report on Wednesday, May 15th. Finally, 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 research note on Tuesday, June 4th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $224.75.

Honeywell International Trading Down 0.4 %

HON opened at $212.46 on Thursday. The firm has a market capitalization of $138.35 billion, a price-to-earnings ratio of 24.62, a price-to-earnings-growth ratio of 2.23 and a beta of 1.04. The company’s 50 day simple moving average is $204.49 and its two-hundred day simple moving average is $201.54. Honeywell International Inc. has a 1-year low of $174.88 and a 1-year high of $218.36. 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 posted its quarterly earnings results on Thursday, April 25th. The conglomerate reported $2.25 EPS for the quarter, topping the consensus estimate 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 analyst estimates of $9.03 billion. During the same quarter in the previous year, the firm earned $2.07 EPS. The company’s quarterly revenue was up 2.7% compared to the same quarter last year. Analysts expect that Honeywell International Inc. will post 10.11 EPS for the current fiscal year.

Honeywell International Announces Dividend

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

Insider Transactions at Honeywell International

In other Honeywell International news, Director Darius Adamczyk sold 28,500 shares of the business’s stock in a transaction on 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 transaction, the director now owns 203,510 shares in the company, valued at $41,507,899.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Honeywell International news, Director Darius Adamczyk sold 28,500 shares of the stock in a transaction that occurred on 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 transaction, the director now directly owns 203,510 shares in the company, valued at $41,507,899.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 disclosure for this sale can be found here. Corporate insiders own 0.41% of the company’s stock.

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.