Aviance Capital Partners LLC Acquires 5,044 Shares of Honeywell International Inc. (NASDAQ:HON)

Aviance Capital Partners LLC raised its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 136.1% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,749 shares of the conglomerate’s stock after acquiring an additional 5,044 shares during the quarter. Aviance Capital Partners LLC’s holdings in Honeywell International were worth $1,796,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Price T Rowe Associates Inc. MD raised its stake in Honeywell International by 32.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 7,840,959 shares of the conglomerate’s stock valued at $1,644,328,000 after purchasing an additional 1,899,373 shares in the last quarter. International Assets Investment Management LLC grew its holdings in shares of Honeywell International by 6,557.2% during the fourth quarter. International Assets Investment Management LLC now owns 940,661 shares of the conglomerate’s stock worth $197,266,000 after purchasing an additional 926,531 shares during the last quarter. Adage Capital Partners GP L.L.C. grew its holdings in shares of Honeywell International by 51.3% during the third quarter. Adage Capital Partners GP L.L.C. now owns 1,874,877 shares of the conglomerate’s stock worth $346,365,000 after purchasing an additional 636,104 shares during the last quarter. Capital Research Global Investors grew its holdings in shares of Honeywell International by 20.4% during the fourth quarter. Capital Research Global Investors now owns 3,189,925 shares of the conglomerate’s stock worth $668,959,000 after purchasing an additional 539,644 shares during the last quarter. Finally, California Public Employees Retirement System grew its holdings in shares of Honeywell International by 27.5% during the fourth quarter. California Public Employees Retirement System now owns 1,739,695 shares of the conglomerate’s stock worth $364,831,000 after purchasing an additional 375,158 shares during the last quarter. 75.91% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on HON. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $215.00 target price (down from $227.00) on shares of Honeywell International in a report on Tuesday, April 16th. UBS Group raised Honeywell International from a “sell” rating to a “neutral” rating and boosted their price target for the company from $175.00 to $215.00 in a research note on Monday, June 10th. Barclays boosted their price target on Honeywell International from $230.00 to $232.00 and gave the company an “overweight” rating in a research note on Tuesday, April 2nd. Royal Bank of Canada dropped their price target on Honeywell International from $222.00 to $218.00 and set a “sector perform” rating on the stock in a research note on Tuesday, June 4th. Finally, Berenberg Bank raised Honeywell International from a “hold” rating to a “buy” rating and upped their target price for the stock from $195.00 to $240.00 in a research report on Wednesday, March 6th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, Honeywell International currently has an average rating of “Moderate Buy” and a consensus price target of $224.75.

Insider Buying and Selling

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. In related 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 transaction 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 sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Darius Adamczyk sold 28,500 shares of the firm’s stock in a transaction that occurred on 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 owns 203,510 shares in the company, 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.

Honeywell International Stock Down 0.0 %

Honeywell International stock traded down $0.07 during trading on Monday, hitting $213.47. 283,437 shares of the company were exchanged, compared to its average volume of 2,924,595. The business’s 50 day moving average is $203.84 and its 200 day moving average is $201.42. Honeywell International Inc. has a 52 week low of $174.88 and a 52 week high of $218.36. The company has a market capitalization of $139.01 billion, a P/E ratio of 24.74, a PEG ratio of 2.23 and a beta of 1.04. 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 (NASDAQ:HON) last announced its quarterly earnings data 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 firm had revenue of $9.11 billion during the quarter, compared to the consensus estimate of $9.03 billion. Honeywell International had a return on equity of 35.88% and a net margin of 15.52%. The business’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.07 EPS. Analysts predict that Honeywell International Inc. will post 10.11 earnings per share for the current year.

Honeywell International Dividend Announcement

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