Honeywell International Inc. (NASDAQ:HON) Shares Sold by International Assets Investment Management LLC

International Assets Investment Management LLC cut its holdings in Honeywell International Inc. (NASDAQ:HON) by 18.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,680 shares of the conglomerate’s stock after selling 806 shares during the quarter. International Assets Investment Management LLC’s holdings in Honeywell International were worth $743,000 as of its most recent SEC filing.

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

Insider Buying and Selling

In related news, CFO Gregory P. Lewis sold 25,209 shares of the business’s stock in a transaction dated 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 approximately $10,709,231.26. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, Director Darius Adamczyk sold 28,500 shares of Honeywell International 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 sale, the director now directly owns 203,510 shares in the company, valued at approximately $41,507,899.60. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Gregory P. Lewis sold 25,209 shares of the company’s stock in a transaction dated 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 completion of the transaction, 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. 0.41% of the stock is currently owned by company insiders.

Honeywell International Stock Performance

NASDAQ:HON opened at $215.09 on Monday. Honeywell International Inc. has a 1-year low of $174.88 and a 1-year high of $216.08. The stock has a market cap of $140.06 billion, a P/E ratio of 24.92, a PEG ratio of 2.28 and a beta of 1.03. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.66 and a quick ratio of 1.28. The firm has a 50-day moving average of $201.62 and a two-hundred day moving average of $200.90.

Honeywell International (NASDAQ:HON) last announced its earnings results on Thursday, April 25th. The conglomerate reported $2.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.17 by $0.08. The company had revenue of $9.11 billion for the quarter, compared to analyst estimates of $9.03 billion. Honeywell International had a return on equity of 35.88% and a net margin of 15.52%. Honeywell International’s quarterly revenue was up 2.7% on a year-over-year basis. During the same period in the prior year, the company posted $2.07 EPS. On average, research analysts expect that Honeywell International Inc. will post 10.23 earnings per share for the current fiscal year.

Honeywell International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 7th. Investors of record on Friday, May 17th were given a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a dividend yield of 2.01%. The ex-dividend date was Thursday, May 16th. Honeywell International’s dividend payout ratio is currently 50.06%.

Analysts Set New Price Targets

Several research analysts recently issued reports on HON shares. 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. Royal Bank of Canada reduced their price objective on 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 raised shares of Honeywell International to a “moderate buy” rating in a research note on Wednesday, June 5th. UBS Group raised shares of Honeywell International from a “sell” rating to a “neutral” rating and raised their price target for the stock from $175.00 to $215.00 in a research note on Monday, June 10th. Finally, Citigroup boosted their price objective 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. Four 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, Honeywell International has a consensus rating of “Moderate Buy” and a consensus target price of $224.75.

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.