Foster Group Inc. Acquires 188 Shares of Honeywell International Inc. (NASDAQ:HON)

Foster Group Inc. grew its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 14.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,485 shares of the conglomerate’s stock after purchasing an additional 188 shares during the quarter. Foster Group Inc.’s holdings in Honeywell International were worth $305,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Altshuler Shaham Ltd bought a new position in Honeywell International in the 4th quarter worth $27,000. Scarborough Advisors LLC bought a new position in Honeywell International in the 4th quarter worth $27,000. Cordant Inc. bought a new position in Honeywell International in the 4th quarter worth $31,000. Rakuten Securities Inc. bought a new position in Honeywell International in the 4th quarter worth $31,000. Finally, Financial Connections Group Inc. bought a new position in Honeywell International in the 4th quarter worth $37,000. Institutional investors own 75.91% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Gregory P. Lewis sold 25,209 shares of the company’s 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 transaction, 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Darius Adamczyk sold 28,500 shares of the company’s stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $203.96, for a total transaction 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Gregory P. Lewis sold 25,209 shares of the company’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 transaction, the chief financial officer now owns 55,471 shares in the company, valued at $10,709,231.26. The disclosure for this sale can be found here. Insiders own 0.41% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on HON. Berenberg Bank upgraded shares of Honeywell International from a “hold” rating to a “buy” rating and raised their price target for the stock from $195.00 to $240.00 in a research report on Wednesday, March 6th. Royal Bank of Canada decreased their price target on shares of Honeywell International from $222.00 to $218.00 and set a “sector perform” rating on the stock in a research report on Tuesday, June 4th. Daiwa America upgraded shares of Honeywell International to a “moderate buy” rating in a research report on Wednesday, June 5th. StockNews.com upgraded shares of Honeywell International from a “hold” rating to a “buy” rating in a research report on Wednesday, May 15th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $215.00 price target (down from $227.00) on shares of Honeywell International in a research report on Tuesday, April 16th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $224.75.

Honeywell International Price Performance

Shares of Honeywell International stock opened at $214.14 on Friday. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.28 and a current ratio of 1.66. The firm’s 50-day simple moving average is $201.24 and its 200-day simple moving average is $200.73. Honeywell International Inc. has a twelve month low of $174.88 and a twelve month high of $215.19. The firm has a market cap of $139.45 billion, a P/E ratio of 24.81, a price-to-earnings-growth ratio of 2.26 and a beta of 1.03.

Honeywell International (NASDAQ:HON) last issued its earnings results on Thursday, April 25th. The conglomerate reported $2.25 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $9.03 billion. During the same period in the previous year, the business earned $2.07 EPS. The firm’s revenue was up 2.7% on a year-over-year basis. As a group, research analysts expect that Honeywell International Inc. will post 10.24 EPS for the current fiscal year.

Honeywell International Announces Dividend

The company also recently disclosed 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 of this dividend was Thursday, May 16th. This represents a $4.32 annualized dividend and a yield of 2.02%. Honeywell International’s dividend payout ratio is 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.