Honeywell International Inc. (NASDAQ:HON) Shares Sold by Park Place Capital Corp

Park Place Capital Corp lowered its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 57.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,891 shares of the conglomerate’s stock after selling 2,546 shares during the period. Park Place Capital Corp’s holdings in Honeywell International were worth $388,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of HON. Altshuler Shaham Ltd purchased a new position in Honeywell International during the 4th quarter worth $27,000. Scarborough Advisors LLC purchased a new stake in Honeywell International in the 4th quarter valued at approximately $27,000. Cordant Inc. acquired a new position in Honeywell International during the 4th quarter worth approximately $31,000. Rakuten Securities Inc. purchased a new position in shares of Honeywell International during the 4th quarter worth approximately $31,000. Finally, Richardson Capital Management LLC acquired a new stake in shares of Honeywell International in the 1st quarter valued at approximately $35,000. 75.91% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Honeywell International

In related news, 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 sale, the director now directly owns 203,510 shares in the company, valued at approximately $41,507,899.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, Director Darius Adamczyk sold 28,500 shares of the 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 completion of the transaction, the director now owns 203,510 shares in the company, valued at approximately $41,507,899.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Gregory P. Lewis sold 25,209 shares of the business’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 sale, 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. 0.41% of the stock is owned by company insiders.

Honeywell International Stock Down 1.2 %

Shares of Honeywell International stock opened at $210.95 on Tuesday. The firm has a market cap of $137.37 billion, a P/E ratio of 24.44, a P/E/G ratio of 2.23 and a beta of 1.04. The business has a 50-day moving average price of $203.84 and a 200 day moving average price of $201.42. 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 Inc. has a fifty-two week low of $174.88 and a fifty-two week high of $218.36.

Honeywell International (NASDAQ:HON) last issued its 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 net margin of 15.52% and a return on equity of 35.88%. The company had revenue of $9.11 billion for the quarter, compared to analysts’ expectations of $9.03 billion. During the same period in the prior year, the company earned $2.07 earnings per share. The firm’s revenue was up 2.7% compared to the same quarter last year. On average, sell-side analysts forecast that Honeywell International Inc. will post 10.11 earnings per share for the current fiscal year.

Honeywell International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 7th. Stockholders of record on Friday, May 17th were given a dividend of $1.08 per share. The ex-dividend date was Thursday, May 16th. This represents a $4.32 annualized dividend and a dividend yield of 2.05%. Honeywell International’s dividend payout ratio is currently 50.06%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on HON shares. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $215.00 price objective (down previously from $227.00) on shares of Honeywell International in a research report on Tuesday, April 16th. StockNews.com upgraded Honeywell International from a “hold” rating to a “buy” rating in a research report on Wednesday, May 15th. Daiwa America raised shares of Honeywell International to a “moderate buy” rating in a research note on Wednesday, June 5th. Berenberg Bank raised Honeywell International from a “hold” rating to a “buy” rating and increased their price target for the stock from $195.00 to $240.00 in a research note on Wednesday, March 6th. Finally, Barclays raised their price target on Honeywell International from $230.00 to $232.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 2nd. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to 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.