Advisors Asset Management Inc. Purchases 78 Shares of Honeywell International Inc. (NASDAQ:HON)

Advisors Asset Management Inc. raised its position in Honeywell International Inc. (NASDAQ:HON) by 0.5% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,535 shares of the conglomerate’s stock after buying an additional 78 shares during the quarter. Advisors Asset Management Inc.’s holdings in Honeywell International were worth $3,189,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. LGT Group Foundation acquired a new stake in shares of Honeywell International in the 1st quarter valued at $26,000. Altshuler Shaham Ltd bought a new position in Honeywell International in the 4th quarter valued at approximately $27,000. Scarborough Advisors LLC acquired a new position in shares of Honeywell International during the fourth quarter worth $27,000. Cordant Inc. acquired a new position in Honeywell International in the 4th quarter worth about $31,000. Finally, Rakuten Securities Inc. bought a new position in Honeywell International in the 4th quarter valued at approximately $31,000. Institutional investors own 75.91% of the company’s stock.

Honeywell International Price Performance

NASDAQ HON traded up $0.29 on Friday, hitting $202.74. The stock had a trading volume of 7,452,368 shares, compared to its average volume of 2,906,843. The firm has a 50-day moving average of $210.02 and a 200-day moving average of $202.53. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.28 and a current ratio of 1.66. Honeywell International Inc. has a 52-week low of $174.88 and a 52-week high of $220.79. The company has a market capitalization of $132.02 billion, a price-to-earnings ratio of 23.35, a price-to-earnings-growth ratio of 2.21 and a beta of 1.04.

Honeywell International (NASDAQ:HON) last issued its quarterly earnings results on Thursday, July 25th. The conglomerate reported $2.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.42 by $0.07. Honeywell International had a return on equity of 35.88% and a net margin of 15.52%. The firm had revenue of $9.58 billion during the quarter, compared to the consensus estimate of $9.41 billion. During the same quarter last year, the company posted $2.23 EPS. The company’s revenue for the quarter was up 4.7% on a year-over-year basis. Equities analysts expect that Honeywell International Inc. will post 10.27 EPS for the current year.

Honeywell International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 6th. Shareholders of record on Friday, August 16th will be given a dividend of $1.08 per share. This represents a $4.32 dividend on an annualized basis and a yield of 2.13%. Honeywell International’s payout ratio is currently 50.06%.

Wall Street Analyst Weigh In

Several research firms have weighed in on HON. UBS Group raised shares of Honeywell International from a “sell” rating to a “neutral” rating and lifted their price target for the company from $175.00 to $215.00 in a research note on Monday, June 10th. Wells Fargo & Company decreased their price objective on Honeywell International from $220.00 to $215.00 and set an “equal weight” rating for the company in a report on Friday. Barclays increased their target price on Honeywell International from $230.00 to $232.00 and gave the stock an “overweight” rating in a report on Tuesday, April 2nd. Royal Bank of Canada lowered their price objective on shares of Honeywell International from $218.00 to $214.00 and set a “sector perform” rating on the stock in a report on Friday. Finally, Daiwa America raised shares of Honeywell International to a “moderate buy” rating in a research report on Wednesday, June 5th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Honeywell International presently has a consensus rating of “Moderate Buy” and an average price target of $224.50.

Insider Transactions at Honeywell International

In other Honeywell International news, CFO Gregory P. Lewis sold 25,209 shares of the company’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $193.06, for a total transaction 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 transaction was disclosed in a document filed with the SEC, 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 on 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 sale, the chief financial officer now 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 available through this hyperlink. 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 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. Company insiders own 0.41% of the company’s stock.

About Honeywell International

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.