RFG Advisory LLC Sells 1,744 Shares of Honeywell International Inc. (NASDAQ:HON)

RFG Advisory LLC cut its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 33.7% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,425 shares of the conglomerate’s stock after selling 1,744 shares during the quarter. RFG Advisory LLC’s holdings in Honeywell International were worth $703,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of HON. Dakota Community Bank & Trust NA increased its stake in shares of Honeywell International by 6.3% during the first quarter. Dakota Community Bank & Trust NA now owns 1,408 shares of the conglomerate’s stock valued at $289,000 after buying an additional 84 shares during the period. BTC Capital Management Inc. purchased a new position in Honeywell International during the 1st quarter valued at about $3,829,000. Daymark Wealth Partners LLC raised its holdings in shares of Honeywell International by 1.8% in the 1st quarter. Daymark Wealth Partners LLC now owns 126,800 shares of the conglomerate’s stock valued at $26,026,000 after purchasing an additional 2,283 shares in the last quarter. CVA Family Office LLC lifted its position in shares of Honeywell International by 7.1% in the 1st quarter. CVA Family Office LLC now owns 1,325 shares of the conglomerate’s stock worth $272,000 after purchasing an additional 88 shares during the period. Finally, Buckingham Capital Management Inc. increased its holdings in Honeywell International by 2.6% during the first quarter. Buckingham Capital Management Inc. now owns 63,720 shares of the conglomerate’s stock valued at $13,079,000 after buying an additional 1,591 shares during the period. Institutional investors own 75.91% of the company’s stock.

Insider Buying and Selling at Honeywell International

In other news, CFO Gregory P. Lewis sold 25,209 shares of the company’s stock in a transaction 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 completion of the sale, the chief financial officer now 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 Securities & Exchange Commission, which is available through this link. In other Honeywell International news, CFO Gregory P. Lewis sold 25,209 shares of the firm’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 value of $4,866,849.54. Following the transaction, the chief financial officer now directly owns 55,471 shares of the company’s stock, valued at approximately $10,709,231.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 value of $5,812,860.00. Following the completion of the sale, 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. 0.41% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

HON has been the topic of a number of analyst reports. UBS Group upgraded Honeywell International from a “sell” rating to a “neutral” rating and lifted their price target for the company from $175.00 to $215.00 in a report on Monday, June 10th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $215.00 target price (down from $227.00) on shares of Honeywell International in a research note on Tuesday, April 16th. Berenberg Bank upgraded Honeywell International from a “hold” rating to a “buy” rating and increased their price target for the company from $195.00 to $240.00 in a research note on Wednesday, March 6th. Daiwa America upgraded Honeywell International to a “moderate buy” rating in a research note on Wednesday, June 5th. Finally, Citigroup increased 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 company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $224.75.

Honeywell International Stock Performance

HON opened at $215.09 on Monday. The firm has a fifty day moving average price of $201.62 and a 200 day moving average price of $200.90. 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 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 P/E/G ratio of 2.28 and a beta of 1.03.

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

Honeywell International Announces Dividend

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

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.