Sovereign Financial Group Inc. Buys 188 Shares of Honeywell International Inc. (NASDAQ:HON)

Sovereign Financial Group Inc. lifted its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 11.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,838 shares of the conglomerate’s stock after buying an additional 188 shares during the period. Sovereign Financial Group Inc.’s holdings in Honeywell International were worth $377,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Future Financial Wealth Managment LLC purchased a new position in Honeywell International during the 1st quarter worth $101,000. Brookstone Capital Management lifted its position in shares of Honeywell International by 2.8% during the first quarter. Brookstone Capital Management now owns 45,998 shares of the conglomerate’s stock valued at $9,441,000 after purchasing an additional 1,246 shares in the last quarter. RMR Wealth Builders boosted its holdings in Honeywell International by 21.6% during the first quarter. RMR Wealth Builders now owns 8,204 shares of the conglomerate’s stock worth $1,684,000 after purchasing an additional 1,459 shares during the last quarter. IAM Advisory LLC grew its position in Honeywell International by 2.8% in the 1st quarter. IAM Advisory LLC now owns 9,549 shares of the conglomerate’s stock worth $1,960,000 after purchasing an additional 256 shares in the last quarter. Finally, Mcdonald Partners LLC increased its stake in Honeywell International by 3.3% in the 1st quarter. Mcdonald Partners LLC now owns 20,576 shares of the conglomerate’s stock valued at $4,223,000 after buying an additional 662 shares during the last quarter. Institutional investors own 75.91% of the company’s stock.

Analyst Upgrades and Downgrades

HON has been the subject of a number of recent analyst reports. Citigroup upped their price objective on Honeywell International from $243.00 to $244.00 and gave the company a “buy” rating in a research note on Tuesday, June 4th. UBS Group upgraded shares of Honeywell International from a “sell” rating to a “neutral” rating and increased their price target for the company from $175.00 to $215.00 in a research report on Monday, June 10th. Royal Bank of Canada lowered their price objective 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. Barclays increased their target price on shares of Honeywell International from $230.00 to $232.00 and gave the company an “overweight” rating in a research report on Tuesday, April 2nd. Finally, StockNews.com upgraded shares of Honeywell International from a “hold” rating to a “buy” rating in a research note on Wednesday, May 15th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $224.75.

Insider Activity

In other news, Director Darius Adamczyk sold 28,500 shares of the firm’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 transaction, the director now directly owns 203,510 shares in the company, valued at $41,507,899.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Honeywell International news, CFO Gregory P. Lewis sold 25,209 shares of the firm’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $193.06, for a total value 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Darius Adamczyk sold 28,500 shares of the business’s stock in a transaction dated Wednesday, May 15th. The stock was 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 of the company’s stock, valued at approximately $41,507,899.60. The disclosure for this sale can be found here. Company insiders own 0.41% of the company’s stock.

Honeywell International Stock Performance

NASDAQ HON opened at $214.38 on Friday. The company’s 50 day moving average is $202.99 and its 200-day moving average is $201.25. The firm has a market cap of $139.60 billion, a P/E ratio of 24.84, a price-to-earnings-growth ratio of 2.22 and a beta of 1.03. Honeywell International Inc. has a 12-month low of $174.88 and a 12-month high of $218.36. The company has a quick ratio of 1.28, a current ratio of 1.66 and a debt-to-equity ratio of 1.30.

Honeywell International (NASDAQ:HON) last issued 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. 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 analysts’ expectations of $9.03 billion. During the same quarter in the previous year, the firm posted $2.07 EPS. The business’s revenue for the quarter was up 2.7% compared to the same quarter last year. Sell-side analysts predict that Honeywell International Inc. will post 10.23 earnings per share for the current year.

Honeywell International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 7th. Shareholders of record on Friday, May 17th were issued a dividend of $1.08 per share. This represents a $4.32 dividend on an annualized basis and a yield of 2.02%. The ex-dividend date of this dividend was Thursday, May 16th. Honeywell International’s payout ratio is presently 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.