Cullen Investment Group LTD. Has $536,000 Position in Honeywell International Inc. (NASDAQ:HON)

Cullen Investment Group LTD. reduced its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 4.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,678 shares of the conglomerate’s stock after selling 137 shares during the period. Cullen Investment Group LTD.’s holdings in Honeywell International were worth $536,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of HON. Morton Capital Management LLC CA grew its position in Honeywell International by 0.9% in the third quarter. Morton Capital Management LLC CA now owns 5,828 shares of the conglomerate’s stock worth $1,077,000 after acquiring an additional 50 shares in the last quarter. Wayfinding Financial LLC grew its position in Honeywell International by 3.4% in the fourth quarter. Wayfinding Financial LLC now owns 1,515 shares of the conglomerate’s stock worth $317,000 after acquiring an additional 50 shares in the last quarter. Indiana Trust & Investment Management CO grew its position in Honeywell International by 0.9% in the fourth quarter. Indiana Trust & Investment Management CO now owns 5,563 shares of the conglomerate’s stock worth $1,167,000 after acquiring an additional 50 shares in the last quarter. River Street Advisors LLC grew its position in Honeywell International by 2.0% in the fourth quarter. River Street Advisors LLC now owns 2,599 shares of the conglomerate’s stock worth $545,000 after acquiring an additional 50 shares in the last quarter. Finally, Triton Wealth Management PLLC grew its position in Honeywell International by 4.7% in the fourth quarter. Triton Wealth Management PLLC now owns 1,132 shares of the conglomerate’s stock worth $233,000 after acquiring an additional 51 shares in the last quarter. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on HON shares. Citigroup upped their target price on shares of Honeywell International from $243.00 to $244.00 and gave the stock a “buy” rating in a research report on Tuesday, June 4th. Barclays upped their target price on shares of Honeywell International from $230.00 to $232.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 2nd. UBS Group raised 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. Berenberg Bank raised shares of Honeywell International from a “hold” rating to a “buy” rating and boosted their price target for the stock from $195.00 to $240.00 in a research note on Wednesday, March 6th. Finally, Daiwa America raised shares of Honeywell International to a “moderate buy” rating in a research note on Wednesday, June 5th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $224.75.

Honeywell International Stock Performance

Shares of NASDAQ:HON opened at $212.87 on Thursday. The company has a market cap of $138.62 billion, a price-to-earnings ratio of 24.67, a price-to-earnings-growth ratio of 2.25 and a beta of 1.03. The company has a 50-day moving average price of $200.89 and a 200-day moving average price of $200.64. The company has a current ratio of 1.66, a quick ratio of 1.28 and a debt-to-equity ratio of 1.30. Honeywell International Inc. has a 12 month low of $174.88 and a 12 month high of $213.23.

Honeywell International (NASDAQ:HON) last issued its quarterly earnings data 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 company’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.07 earnings per share. As a group, equities analysts anticipate that Honeywell International Inc. will post 10.24 EPS for the current year.

Honeywell International Announces Dividend

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

Insider Buying and Selling

In related news, Director Darius Adamczyk sold 28,500 shares of the 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 transaction, the director now directly 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 this link. In related news, CFO Gregory P. Lewis sold 25,209 shares of the 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 completion of the transaction, the chief financial officer now directly owns 55,471 shares of the company’s stock, valued at $10,709,231.26. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Darius Adamczyk sold 28,500 shares of the company’s stock in a transaction dated 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 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 insiders.

About Honeywell International

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.