Albion Financial Group UT Sells 192 Shares of Honeywell International Inc. (NASDAQ:HON)

Albion Financial Group UT decreased its position in shares of Honeywell International Inc. (NASDAQ:HON) by 0.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 61,224 shares of the conglomerate’s stock after selling 192 shares during the quarter. Honeywell International accounts for approximately 1.0% of Albion Financial Group UT’s investment portfolio, making the stock its 29th largest position. Albion Financial Group UT’s holdings in Honeywell International were worth $12,566,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of HON. Altshuler Shaham Ltd bought a new stake in Honeywell International during the fourth quarter worth about $27,000. Scarborough Advisors LLC bought a new stake in Honeywell International during the fourth quarter worth about $27,000. Cordant Inc. bought a new stake in Honeywell International during the fourth quarter worth about $31,000. Rakuten Securities Inc. acquired a new position in Honeywell International during the fourth quarter worth about $31,000. Finally, Richardson Capital Management LLC acquired a new position in Honeywell International during the first quarter worth about $35,000. Institutional investors own 75.91% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on HON shares. Citigroup boosted their target price on Honeywell International from $243.00 to $244.00 and gave the stock a “buy” rating in a research note on Tuesday, June 4th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $215.00 target price (down previously from $227.00) on shares of Honeywell International in a research note on Tuesday, April 16th. Barclays boosted their target price on Honeywell International from $230.00 to $232.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 2nd. Daiwa America raised Honeywell International to a “moderate buy” rating in a research note on Wednesday, June 5th. Finally, UBS Group raised Honeywell International from a “sell” rating to a “neutral” rating and boosted their target price for the stock from $175.00 to $215.00 in a research note on Monday, June 10th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $224.75.

Insiders Place Their Bets

In other Honeywell International news, Director Darius Adamczyk sold 28,500 shares of the stock in a transaction that occurred on Wednesday, May 15th. The stock was 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 in the company, valued at approximately $41,507,899.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, CFO Gregory P. Lewis sold 25,209 shares of the stock in a transaction on 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 transaction, the chief financial officer now directly owns 55,471 shares in the company, valued at approximately $10,709,231.26. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Darius Adamczyk sold 28,500 shares of the stock in a transaction 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 sale, the director now directly owns 203,510 shares of the company’s stock, valued at $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 Trading Down 0.4 %

NASDAQ:HON traded down $0.77 on Wednesday, reaching $212.46. 1,086,719 shares of the stock traded hands, compared to its average volume of 2,916,807. The firm has a market capitalization of $138.35 billion, a price-to-earnings ratio of 24.67, a price-to-earnings-growth ratio of 2.23 and a beta of 1.04. The company’s 50 day moving average is $204.49 and its 200-day moving average is $201.54. 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 Inc. has a 1-year low of $174.88 and a 1-year high of $218.36.

Honeywell International (NASDAQ:HON) last released its earnings results on Thursday, April 25th. The conglomerate reported $2.25 earnings per share for the quarter, beating analysts’ consensus estimates of $2.17 by $0.08. The business had revenue of $9.11 billion during the quarter, compared to the consensus estimate of $9.03 billion. Honeywell International had a net margin of 15.52% and a return on equity of 35.88%. The company’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.07 EPS. Equities research analysts anticipate that Honeywell International Inc. will post 10.11 EPS for the current fiscal year.

Honeywell International Announces Dividend

The firm also recently declared 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 dividend yield of 2.03%. The ex-dividend date of this dividend was Thursday, May 16th. Honeywell International’s payout ratio 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.