Carret Asset Management LLC Reduces Stock Holdings in Honeywell International Inc. (NASDAQ:HON)

Carret Asset Management LLC decreased its position in Honeywell International Inc. (NASDAQ:HON) by 1.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,594 shares of the conglomerate’s stock after selling 100 shares during the period. Carret Asset Management LLC’s holdings in Honeywell International were worth $1,559,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of HON. Silverlake Wealth Management LLC increased its holdings in shares of Honeywell International by 11.4% in the first quarter. Silverlake Wealth Management LLC now owns 2,250 shares of the conglomerate’s stock worth $462,000 after purchasing an additional 230 shares during the period. Naviter Wealth LLC increased its holdings in shares of Honeywell International by 11.5% in the first quarter. Naviter Wealth LLC now owns 11,007 shares of the conglomerate’s stock worth $2,259,000 after purchasing an additional 1,133 shares during the period. Capital Advisors Ltd. LLC increased its holdings in shares of Honeywell International by 3.9% in the first 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 shares of Honeywell International by 10.3% in the first quarter. Woodmont Investment Counsel LLC now owns 6,311 shares of the conglomerate’s stock worth $1,295,000 after purchasing an additional 590 shares during the period. Finally, Exchange Capital Management Inc. increased its holdings in shares of Honeywell International by 19.1% in the first quarter. Exchange Capital Management Inc. now owns 20,649 shares of the conglomerate’s stock worth $4,238,000 after purchasing an additional 3,313 shares during the period. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Insiders Place Their Bets

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 shares were sold at an average price of $193.06, for a total value of $4,866,849.54. Following the completion of the sale, the chief financial officer now directly owns 55,471 shares in the company, valued at $10,709,231.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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 shares were sold at an average price of $193.06, for a total value of $4,866,849.54. Following the completion of the sale, the chief financial officer now directly owns 55,471 shares in the company, valued at $10,709,231.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, 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 shares were sold at an average price of $203.96, for a total transaction 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. 0.41% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Royal Bank of Canada reduced their target price 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. Berenberg Bank raised Honeywell International from a “hold” rating to a “buy” rating and increased their target price for the company from $195.00 to $240.00 in a research note on Wednesday, March 6th. Daiwa America raised Honeywell International to a “moderate buy” rating in a research note on Wednesday, June 5th. StockNews.com raised Honeywell International from a “hold” rating to a “buy” rating in a research note on Wednesday, May 15th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed 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. Four 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 presently has a consensus rating of “Moderate Buy” and an average target price of $224.75.

Honeywell International Stock Performance

Honeywell International stock opened at $212.46 on Thursday. The company has a current ratio of 1.66, a quick ratio of 1.28 and a debt-to-equity ratio of 1.30. The firm has a 50-day moving average of $204.49 and a 200-day moving average of $201.54. The firm has a market cap of $138.35 billion, a P/E ratio of 24.62, a P/E/G ratio of 2.23 and a beta of 1.04. Honeywell International Inc. has a 1-year low of $174.88 and a 1-year high of $218.36.

Honeywell International (NASDAQ:HON) last posted 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. The company had revenue of $9.11 billion during the quarter, compared to analyst estimates of $9.03 billion. Honeywell International had a net margin of 15.52% and a return on equity of 35.88%. Honeywell International’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same period in the prior year, the business posted $2.07 earnings per share. Sell-side analysts expect that Honeywell International Inc. will post 10.11 EPS for the current year.

Honeywell International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 7th. Stockholders of record on Friday, May 17th were issued a dividend of $1.08 per share. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $4.32 dividend on an annualized basis and a dividend yield of 2.03%. 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.