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

River Street Advisors LLC raised its position in Honeywell International Inc. (NASDAQ:HON) by 85.1% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 4,810 shares of the conglomerate’s stock after purchasing an additional 2,211 shares during the period. River Street Advisors LLC’s holdings in Honeywell International were worth $987,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Altshuler Shaham Ltd acquired a new stake in Honeywell International during the fourth quarter worth $27,000. Scarborough Advisors LLC acquired a new stake in shares of Honeywell International during the 4th quarter worth about $27,000. Cordant Inc. acquired a new position in Honeywell International in the fourth quarter valued at about $31,000. Rakuten Securities Inc. acquired a new stake in shares of Honeywell International during the fourth quarter valued at about $31,000. Finally, Financial Connections Group Inc. purchased a new stake in shares of Honeywell International in the 4th quarter valued at approximately $37,000. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Insiders Place Their Bets

In other 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 value of $5,812,860.00. Following the transaction, the director now owns 203,510 shares of the company’s stock, valued at $41,507,899.60. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other 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 value of $5,812,860.00. Following the transaction, the director now owns 203,510 shares of the company’s stock, valued at $41,507,899.60. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Gregory P. Lewis sold 25,209 shares of the business’s stock in a transaction that occurred 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. 0.41% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on HON shares. Barclays lifted their target price on shares of Honeywell International from $230.00 to $232.00 and gave the company an “overweight” rating in a report on Tuesday, April 2nd. Berenberg Bank upgraded Honeywell International from a “hold” rating to a “buy” rating and raised their target price for the company from $195.00 to $240.00 in a report on Wednesday, March 6th. StockNews.com upgraded shares of Honeywell International from a “hold” rating to a “buy” rating in a research note on Wednesday, May 15th. Royal Bank of Canada lowered their price objective on shares of 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. Finally, Daiwa America raised Honeywell International to a “moderate buy” rating in a research report on Wednesday, June 5th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $224.75.

Honeywell International Stock Down 0.4 %

NASDAQ:HON traded down $0.84 during trading hours on Friday, hitting $213.54. The company’s stock had a trading volume of 4,804,816 shares, compared to its average volume of 2,832,742. Honeywell International Inc. has a 52-week low of $174.88 and a 52-week high of $218.36. The company has a current ratio of 1.66, a quick ratio of 1.28 and a debt-to-equity ratio of 1.30. The stock has a market capitalization of $139.06 billion, a P/E ratio of 24.74, a price-to-earnings-growth ratio of 2.22 and a beta of 1.03. The stock has a fifty day moving average of $203.84 and a 200-day moving average of $201.43.

Honeywell International (NASDAQ:HON) last issued its earnings results on Thursday, April 25th. The conglomerate reported $2.25 earnings per share for the quarter, topping the consensus estimate of $2.17 by $0.08. The business had revenue of $9.11 billion for the quarter, compared to analyst estimates of $9.03 billion. Honeywell International had a return on equity of 35.88% and a net margin of 15.52%. The business’s quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter last year, the company earned $2.07 EPS. On average, equities analysts forecast that Honeywell International Inc. will post 10.11 earnings per share for the current year.

Honeywell International Announces Dividend

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

Honeywell International 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.