Honeywell International Inc. (NASDAQ:HON) Shares Purchased by Stonegate Investment Group LLC

Stonegate Investment Group LLC raised its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 1.7% in the first quarter, Holdings Channel.com reports. The fund owned 254,686 shares of the conglomerate’s stock after purchasing an additional 4,318 shares during the period. Honeywell International makes up approximately 1.6% of Stonegate Investment Group LLC’s investment portfolio, making the stock its 21st biggest position. Stonegate Investment Group LLC’s holdings in Honeywell International were worth $52,274,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Scarborough Advisors LLC acquired a new stake in shares of Honeywell International during the fourth quarter valued at about $27,000. Altshuler Shaham Ltd acquired a new stake in shares of Honeywell International during the fourth quarter valued at about $27,000. Rakuten Securities Inc. acquired a new stake in shares of Honeywell International during the fourth quarter valued at about $31,000. Cordant Inc. acquired a new stake in shares of Honeywell International during the fourth quarter valued at about $31,000. Finally, Richardson Capital Management LLC acquired a new stake in shares of Honeywell International during the first quarter valued at about $35,000. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

HON has been the subject of a number of recent analyst reports. Barclays lifted their price target on shares of Honeywell International from $230.00 to $232.00 and gave the company an “overweight” rating in a research report on Tuesday, April 2nd. StockNews.com lowered shares of Honeywell International from a “buy” rating to a “hold” rating in a research note on Friday. Royal Bank of Canada lowered their price objective on shares of Honeywell International from $210.00 to $209.00 and set a “sector perform” rating for the company in a research note on Friday, February 2nd. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $215.00 price objective (down previously from $227.00) on shares of Honeywell International in a research note on Tuesday, April 16th. Finally, Berenberg Bank raised shares of Honeywell International from a “hold” rating to a “buy” rating and raised their price objective for the company from $195.00 to $240.00 in a research note on Wednesday, March 6th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, Honeywell International has an average rating of “Hold” and a consensus target price of $215.71.

Honeywell International Stock Down 0.5 %

Honeywell International stock traded down $1.04 during trading on Tuesday, reaching $192.73. The stock had a trading volume of 3,127,683 shares, compared to its average volume of 3,012,040. Honeywell International Inc. has a 52-week low of $174.88 and a 52-week high of $210.87. The business has a 50 day moving average price of $197.99 and a 200 day moving average price of $196.54. 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 stock has a market cap of $125.50 billion, a PE ratio of 22.33, a P/E/G ratio of 2.21 and a beta of 1.02.

Honeywell International (NASDAQ:HON) last issued its quarterly earnings results on Thursday, April 25th. The conglomerate reported $2.25 earnings per share (EPS) 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 company had revenue of $9.11 billion during the quarter, compared to the consensus estimate of $9.03 billion. During the same quarter in the previous year, the firm earned $2.07 earnings per share. The firm’s quarterly revenue was up 2.7% on a year-over-year basis. On average, analysts predict that Honeywell International Inc. will post 9.96 EPS for the current year.

Honeywell International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 7th. Investors of record on Friday, May 17th will be paid a $1.08 dividend. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $4.32 dividend on an annualized basis and a yield of 2.24%. Honeywell International’s dividend payout ratio is currently 50.06%.

Insider Buying and Selling

In other news, Director Darius Adamczyk sold 25,500 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $197.19, for a total transaction of $5,028,345.00. Following the completion of the sale, the director now owns 183,400 shares in the company, valued at approximately $36,164,646. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.41% of the stock is owned by insiders.

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.