Profund Advisors LLC Raises Holdings in Honeywell International Inc. (NASDAQ:HON)

Profund Advisors LLC lifted its holdings in shares of Honeywell International Inc. (NASDAQ:HONFree Report) by 20.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 65,154 shares of the conglomerate’s stock after buying an additional 11,239 shares during the period. Profund Advisors LLC’s holdings in Honeywell International were worth $13,663,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Altshuler Shaham Ltd acquired a new stake in shares of Honeywell International in the 4th quarter worth approximately $27,000. Rakuten Securities Inc. acquired a new stake in shares of Honeywell International in the 4th quarter worth approximately $31,000. Cordant Inc. acquired a new stake in shares of Honeywell International in the 4th quarter worth approximately $31,000. Financial Connections Group Inc. acquired a new stake in Honeywell International during the 4th quarter valued at $37,000. Finally, True Wealth Design LLC grew its holdings in Honeywell International by 44.1% during the 4th quarter. True Wealth Design LLC now owns 206 shares of the conglomerate’s stock valued at $43,000 after buying an additional 63 shares during the last quarter. 75.91% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have commented on HON shares. Berenberg Bank upgraded 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 report on Wednesday, March 6th. UBS Group upgraded Honeywell International from a “sell” rating to a “neutral” rating and raised their price objective for the stock from $175.00 to $215.00 in a report on Monday. Citigroup raised their price objective on Honeywell International from $243.00 to $244.00 and gave the stock a “buy” rating in a report on Tuesday, June 4th. Royal Bank of Canada decreased their price objective on Honeywell International from $222.00 to $218.00 and set a “sector perform” rating on the stock in a report on Tuesday, June 4th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $215.00 price objective (down previously from $227.00) on shares of Honeywell International in a report on Tuesday, April 16th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $224.75.

Check Out Our Latest Stock Analysis on Honeywell International

Insider Transactions at Honeywell International

In other news, CFO Gregory P. Lewis sold 25,209 shares of the business’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $193.06, for a total transaction of $4,866,849.54. Following the completion of the transaction, 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 legal filing with the SEC, which is accessible through this link. In related news, Director Darius Adamczyk sold 28,500 shares of the business’s 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 sale, the director now owns 203,510 shares of the company’s stock, valued at $41,507,899.60. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Gregory P. Lewis sold 25,209 shares of the company’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 completion of the transaction, the chief financial officer now directly owns 55,471 shares in the company, valued at approximately $10,709,231.26. The disclosure for this sale can be found here. Insiders own 0.41% of the company’s stock.

Honeywell International Stock Up 0.1 %

NASDAQ:HON traded up $0.13 during mid-day trading on Thursday, reaching $208.63. The stock had a trading volume of 1,959,361 shares, compared to its average volume of 2,901,233. The company has a market capitalization of $135.86 billion, a price-to-earnings ratio of 24.17, a price-to-earnings-growth ratio of 2.24 and a beta of 1.03. Honeywell International Inc. has a 1-year low of $174.88 and a 1-year high of $211.63. The stock’s 50 day simple moving average is $199.75 and its two-hundred day simple moving average is $200.14. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.66 and a quick ratio of 1.28.

Honeywell International (NASDAQ:HONGet Free Report) last posted its quarterly earnings results on Thursday, April 25th. The conglomerate reported $2.25 EPS for the quarter, topping analysts’ consensus estimates of $2.17 by $0.08. Honeywell International had a return on equity of 35.88% and a net margin of 15.52%. The business had revenue of $9.11 billion during the quarter, compared to the consensus estimate of $9.03 billion. During the same period last year, the firm earned $2.07 earnings per share. The company’s revenue for the quarter was up 2.7% compared to the same quarter last year. Equities analysts anticipate that Honeywell International Inc. will post 10.24 EPS for the current year.

Honeywell International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 7th. Stockholders of record on Friday, May 17th were given a dividend of $1.08 per share. The ex-dividend date was Thursday, May 16th. This represents a $4.32 annualized dividend and a dividend yield of 2.07%. Honeywell International’s dividend payout ratio is presently 50.06%.

Honeywell International Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Honeywell International (NASDAQ:HON)

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