Honeywell International Inc. (NASDAQ:HON) Shares Sold by MV Capital Management Inc.

MV Capital Management Inc. lowered its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 22.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 443 shares of the conglomerate’s stock after selling 130 shares during the period. MV Capital Management Inc.’s holdings in Honeywell International were worth $91,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Capital Advisors Ltd. LLC grew its stake in shares of Honeywell International by 3.9% during the 1st quarter. Capital Advisors Ltd. LLC now owns 2,625 shares of the conglomerate’s stock worth $539,000 after purchasing an additional 99 shares during the period. Woodmont Investment Counsel LLC increased its holdings in Honeywell International by 10.3% in the first quarter. Woodmont Investment Counsel LLC now owns 6,311 shares of the conglomerate’s stock valued at $1,295,000 after buying an additional 590 shares in the last quarter. Exchange Capital Management Inc. increased its holdings in Honeywell International by 19.1% in the first quarter. Exchange Capital Management Inc. now owns 20,649 shares of the conglomerate’s stock valued at $4,238,000 after buying an additional 3,313 shares in the last quarter. Farmers & Merchants Investments Inc. lifted its position in shares of Honeywell International by 0.7% during the 1st quarter. Farmers & Merchants Investments Inc. now owns 70,207 shares of the conglomerate’s stock valued at $14,410,000 after acquiring an additional 478 shares during the period. Finally, Iams Wealth Management LLC boosted its stake in shares of Honeywell International by 5.5% during the 1st quarter. Iams Wealth Management LLC now owns 8,983 shares of the conglomerate’s stock worth $1,775,000 after acquiring an additional 466 shares in the last quarter. 75.91% of the stock is owned by hedge funds and other institutional investors.

Honeywell International Trading Up 1.1 %

HON stock opened at $213.23 on Wednesday. The company has a market cap of $138.85 billion, a price-to-earnings ratio of 24.71, a PEG ratio of 2.23 and a beta of 1.04. The company has a quick ratio of 1.28, a current ratio of 1.66 and a debt-to-equity ratio of 1.30. The business has a fifty day simple moving average of $204.15 and a 200-day simple moving average of $201.47. Honeywell International Inc. has a 52 week low of $174.88 and a 52 week high of $218.36.

Honeywell International (NASDAQ:HON) last announced 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 net margin of 15.52% and a return on equity of 35.88%. The firm had revenue of $9.11 billion during the quarter, compared to analysts’ expectations of $9.03 billion. During the same period in the prior year, the company earned $2.07 EPS. The firm’s revenue was up 2.7% on a year-over-year basis. On average, equities research analysts expect that Honeywell International Inc. will post 10.11 EPS for the current year.

Honeywell International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 7th. Investors of record on Friday, May 17th were paid a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a yield of 2.03%. The ex-dividend date of this dividend was Thursday, May 16th. Honeywell International’s dividend payout ratio (DPR) is 50.06%.

Insider Buying and Selling at Honeywell International

In related news, Director Darius Adamczyk sold 28,500 shares of the 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 completion of the transaction, the director now owns 203,510 shares of the company’s stock, valued at $41,507,899.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, CFO Gregory P. Lewis sold 25,209 shares of Honeywell International 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 completion of the transaction, the chief financial officer now directly owns 55,471 shares in the company, valued at $10,709,231.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through 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 sale, the director now owns 203,510 shares in the company, valued at approximately $41,507,899.60. The disclosure for this sale can be found here. 0.41% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on HON shares. Citigroup raised their price target on Honeywell International from $243.00 to $244.00 and gave the company a “buy” rating in a research report on Tuesday, June 4th. Barclays raised their target price on shares of Honeywell International from $230.00 to $232.00 and gave the company an “overweight” rating in a report on Tuesday, April 2nd. Royal Bank of Canada lowered their price target 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. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $215.00 price objective (down from $227.00) on shares of Honeywell International in a research note on Tuesday, April 16th. Finally, Daiwa America raised Honeywell International to a “moderate buy” rating in a research note on Wednesday, June 5th. Four research 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 currently has a consensus rating of “Moderate Buy” and an average price target of $224.75.

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.