Ascent Group LLC Reduces Stake in Honeywell International Inc. (NASDAQ:HON)

Ascent Group LLC lowered its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 1.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,059 shares of the conglomerate’s stock after selling 135 shares during the period. Ascent Group LLC’s holdings in Honeywell International were worth $1,859,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of HON. Indiana Trust & Investment Management CO boosted its stake in Honeywell International by 0.9% in the fourth quarter. Indiana Trust & Investment Management CO now owns 5,563 shares of the conglomerate’s stock worth $1,167,000 after purchasing an additional 50 shares in the last quarter. River Street Advisors LLC lifted its position in Honeywell International by 2.0% during the 4th quarter. River Street Advisors LLC now owns 2,599 shares of the conglomerate’s stock worth $545,000 after buying an additional 50 shares in the last quarter. Triton Wealth Management PLLC grew its holdings in Honeywell International by 4.7% during the 4th quarter. Triton Wealth Management PLLC now owns 1,132 shares of the conglomerate’s stock worth $233,000 after acquiring an additional 51 shares during the last quarter. Legacy Trust increased its position in Honeywell International by 2.1% in the 1st quarter. Legacy Trust now owns 2,527 shares of the conglomerate’s stock valued at $519,000 after acquiring an additional 52 shares in the last quarter. Finally, Spectrum Asset Management Inc. NB CA raised its stake in shares of Honeywell International by 0.3% in the fourth quarter. Spectrum Asset Management Inc. NB CA now owns 21,065 shares of the conglomerate’s stock worth $4,418,000 after acquiring an additional 55 shares during the last quarter. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on HON. Wells Fargo & Company dropped their target price on Honeywell International from $220.00 to $215.00 and set an “equal weight” rating for the company in a research report on Friday. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $215.00 target price (down from $227.00) on shares of Honeywell International in a research report on Tuesday, April 16th. UBS Group raised shares of Honeywell International from a “sell” rating to a “neutral” rating and raised their target price for the company from $175.00 to $215.00 in a research note on Monday, June 10th. Citigroup boosted their price target on shares of Honeywell International from $243.00 to $244.00 and gave the stock a “buy” rating in a research note on Tuesday, June 4th. Finally, Royal Bank of Canada reduced 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 research note on Friday. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Honeywell International presently has a consensus rating of “Moderate Buy” and a consensus target price of $225.00.

Insider Activity at Honeywell International

In other Honeywell International news, Director Darius Adamczyk sold 28,500 shares of the company’s 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 approximately $41,507,899.60. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.41% of the stock is owned by insiders.

Honeywell International Price Performance

NASDAQ:HON traded down $1.34 during trading hours on Monday, reaching $201.40. 2,873,119 shares of the company were exchanged, compared to its average volume of 2,908,973. The company has a market capitalization of $130.84 billion, a P/E ratio of 23.35, a P/E/G ratio of 2.12 and a beta of 1.04. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.21 and a quick ratio of 0.91. The business has a 50 day moving average of $209.95 and a 200 day moving average of $202.53. Honeywell International Inc. has a 1-year low of $174.88 and a 1-year high of $220.79.

Honeywell International (NASDAQ:HON) last issued its earnings results on Thursday, July 25th. The conglomerate reported $2.49 EPS for the quarter, beating the consensus estimate of $2.42 by $0.07. The company had revenue of $9.58 billion during the quarter, compared to analysts’ expectations of $9.41 billion. Honeywell International had a net margin of 15.49% and a return on equity of 36.87%. The business’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period in the previous year, the company earned $2.23 EPS. Research analysts forecast that Honeywell International Inc. will post 10.15 EPS for the current year.

Honeywell International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 6th. Investors 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 2.14%. The ex-dividend date is Friday, August 16th. Honeywell International’s dividend payout ratio is 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.