Fifth Third Wealth Advisors LLC Acquires 65 Shares of Honeywell International Inc. (NASDAQ:HON)

Fifth Third Wealth Advisors LLC grew its holdings in Honeywell International Inc. (NASDAQ:HON) by 0.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,176 shares of the conglomerate’s stock after acquiring an additional 65 shares during the quarter. Fifth Third Wealth Advisors LLC’s holdings in Honeywell International were worth $2,294,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the business. Price T Rowe Associates Inc. MD grew its holdings in shares of Honeywell International by 32.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 7,840,959 shares of the conglomerate’s stock worth $1,644,328,000 after buying an additional 1,899,373 shares in the last quarter. International Assets Investment Management LLC grew its holdings in shares of Honeywell International by 6,557.2% during the fourth quarter. International Assets Investment Management LLC now owns 940,661 shares of the conglomerate’s stock worth $197,266,000 after buying an additional 926,531 shares in the last quarter. Adage Capital Partners GP L.L.C. grew its holdings in shares of Honeywell International by 51.3% during the third quarter. Adage Capital Partners GP L.L.C. now owns 1,874,877 shares of the conglomerate’s stock worth $346,365,000 after buying an additional 636,104 shares in the last quarter. Capital Research Global Investors grew its holdings in shares of Honeywell International by 20.4% during the fourth quarter. Capital Research Global Investors now owns 3,189,925 shares of the conglomerate’s stock worth $668,959,000 after buying an additional 539,644 shares in the last quarter. Finally, California Public Employees Retirement System grew its holdings in shares of Honeywell International by 27.5% during the fourth quarter. California Public Employees Retirement System now owns 1,739,695 shares of the conglomerate’s stock worth $364,831,000 after buying an additional 375,158 shares in the last quarter. 75.91% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Honeywell International news, CFO Gregory P. Lewis sold 25,209 shares of Honeywell International 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 completion of the transaction, the chief financial officer now directly 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 Securities & Exchange Commission, which is available through this hyperlink. In other Honeywell International news, Director Darius Adamczyk sold 28,500 shares of Honeywell International stock in a transaction on 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 directly 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 Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Gregory P. Lewis sold 25,209 shares of Honeywell International 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 owns 55,471 shares in the company, valued at approximately $10,709,231.26. The disclosure for this sale can be found here. 0.41% of the stock is currently owned by insiders.

Honeywell International Stock Performance

Shares of NASDAQ HON traded down $0.84 during midday trading on Friday, hitting $213.54. 4,355,479 shares of the company’s stock were exchanged, compared to its average volume of 2,917,558. The company has a quick ratio of 1.28, a current ratio of 1.66 and a debt-to-equity ratio of 1.30. Honeywell International Inc. has a 12 month low of $174.88 and a 12 month high of $218.36. The company’s 50 day moving average price is $202.99 and its 200 day moving average price is $201.25. The firm has a market capitalization of $139.06 billion, a PE ratio of 24.84, a price-to-earnings-growth ratio of 2.22 and a beta of 1.03.

Honeywell International (NASDAQ:HON) last issued its earnings results on Thursday, April 25th. The conglomerate reported $2.25 EPS for the quarter, topping the consensus estimate of $2.17 by $0.08. The company had revenue of $9.11 billion during the quarter, compared to the consensus estimate of $9.03 billion. Honeywell International had a return on equity of 35.88% and a net margin of 15.52%. The firm’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same period in the previous year, the company posted $2.07 EPS. As a group, analysts predict that Honeywell International Inc. will post 10.19 earnings per share for the current fiscal year.

Honeywell International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 7th. Investors of record on Friday, May 17th were issued a dividend of $1.08 per share. The ex-dividend date was Thursday, May 16th. This represents a $4.32 annualized dividend and a yield of 2.02%. Honeywell International’s payout ratio is currently 50.06%.

Analyst Upgrades and Downgrades

HON has been the subject of a number of research reports. UBS Group upgraded Honeywell International from a “sell” rating to a “neutral” rating and increased their price objective for the stock from $175.00 to $215.00 in a report on Monday, June 10th. Royal Bank of Canada decreased their price target on Honeywell International from $222.00 to $218.00 and set a “sector perform” rating for the company in a research note on Tuesday, June 4th. Barclays raised their price target on Honeywell International from $230.00 to $232.00 and gave the company an “overweight” rating in a research note on Tuesday, April 2nd. Berenberg Bank upgraded Honeywell International from a “hold” rating to a “buy” rating and raised their price target for the company from $195.00 to $240.00 in a research note on Wednesday, March 6th. Finally, StockNews.com upgraded Honeywell International from a “hold” rating to a “buy” rating in a research note on Wednesday, May 15th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $224.75.

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.