Exchange Capital Management Inc. Acquires 3,313 Shares of Honeywell International Inc. (NASDAQ:HON)

Exchange Capital Management Inc. boosted its position in shares of Honeywell International Inc. (NASDAQ:HON) by 19.1% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 20,649 shares of the conglomerate’s stock after acquiring an additional 3,313 shares during the quarter. Exchange Capital Management Inc.’s holdings in Honeywell International were worth $4,238,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Farmers & Merchants Investments Inc. increased its position in Honeywell International by 0.7% in the first quarter. Farmers & Merchants Investments Inc. now owns 70,207 shares of the conglomerate’s stock worth $14,410,000 after buying an additional 478 shares in the last quarter. Iams Wealth Management LLC increased its position in Honeywell International by 5.5% in the first quarter. Iams Wealth Management LLC now owns 8,983 shares of the conglomerate’s stock worth $1,775,000 after buying an additional 466 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in Honeywell International by 12.7% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 162,774 shares of the conglomerate’s stock worth $33,409,000 after purchasing an additional 18,300 shares during the period. Stewart & Patten Co. LLC lifted its holdings in shares of Honeywell International by 1.0% in the first quarter. Stewart & Patten Co. LLC now owns 113,294 shares of the conglomerate’s stock worth $23,254,000 after buying an additional 1,152 shares in the last quarter. Finally, Hexagon Capital Partners LLC lifted its holdings in shares of Honeywell International by 11.5% in the first quarter. Hexagon Capital Partners LLC now owns 1,518 shares of the conglomerate’s stock worth $312,000 after buying an additional 156 shares in the last quarter. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Insider Activity at Honeywell International

In related news, CFO Gregory P. Lewis sold 25,209 shares of the 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 transaction, the chief financial officer now owns 55,471 shares in the company, valued at approximately $10,709,231.26. The sale was disclosed in a filing with the SEC, which is available through this link. In other news, CFO Gregory P. Lewis sold 25,209 shares of the 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 transaction, the chief financial officer now owns 55,471 shares in the company, valued at approximately $10,709,231.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Darius Adamczyk sold 28,500 shares of the stock in a transaction that occurred on Wednesday, May 15th. The shares were 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 in the company, valued at approximately $41,507,899.60. The disclosure for this sale can be found here. 0.41% of the stock is currently owned by insiders.

Honeywell International Stock Up 1.1 %

NASDAQ:HON traded up $2.29 during mid-day trading on Tuesday, reaching $213.24. The company’s stock had a trading volume of 842,065 shares, compared to its average volume of 2,922,868. Honeywell International Inc. has a 1 year low of $174.88 and a 1 year high of $218.36. The stock has a fifty day moving average of $203.84 and a 200-day moving average of $201.42. The firm has a market capitalization of $138.86 billion, a PE ratio of 24.44, a price-to-earnings-growth ratio of 2.23 and a beta of 1.04. 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 (NASDAQ:HON) last released its quarterly earnings data on Thursday, April 25th. The conglomerate reported $2.25 earnings per share 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 analyst estimates of $9.03 billion. During the same period in the prior year, the firm earned $2.07 earnings per share. The firm’s revenue for the quarter was up 2.7% compared to the same quarter last year. Equities research analysts forecast that Honeywell International Inc. will post 10.11 earnings per share for the current year.

Honeywell International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 7th. Investors of record on Friday, May 17th were given a $1.08 dividend. This represents a $4.32 annualized dividend and a dividend yield of 2.03%. The ex-dividend date was Thursday, May 16th. Honeywell International’s payout ratio is currently 50.06%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on HON shares. UBS Group upgraded shares of Honeywell International from a “sell” rating to a “neutral” rating and boosted their price target for the stock from $175.00 to $215.00 in a research report on Monday, June 10th. Royal Bank of Canada reduced their price target on shares of Honeywell International from $222.00 to $218.00 and set a “sector perform” rating on the stock in a research report on Tuesday, June 4th. Daiwa America upgraded shares of Honeywell International to a “moderate buy” rating in a research report on Wednesday, June 5th. Barclays boosted their price objective 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. Finally, Citigroup boosted their price objective on shares of Honeywell International from $243.00 to $244.00 and gave the company a “buy” rating in a research report on Tuesday, June 4th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $224.75.

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.