Honeywell International Inc. (NASDAQ:HON) Shares Sold by Buffington Mohr McNeal

Buffington Mohr McNeal cut its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 3.5% in the first quarter, Holdings Channel.com reports. The fund owned 50,364 shares of the conglomerate’s stock after selling 1,800 shares during the period. Honeywell International makes up approximately 1.9% of Buffington Mohr McNeal’s investment portfolio, making the stock its 22nd biggest position. Buffington Mohr McNeal’s holdings in Honeywell International were worth $10,337,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in HON. Morton Capital Management LLC CA grew its holdings in Honeywell International by 0.9% during the third quarter. Morton Capital Management LLC CA now owns 5,828 shares of the conglomerate’s stock worth $1,077,000 after acquiring an additional 50 shares during the period. Wayfinding Financial LLC grew its holdings in Honeywell International by 3.4% during the fourth quarter. Wayfinding Financial LLC now owns 1,515 shares of the conglomerate’s stock worth $317,000 after acquiring an additional 50 shares during the period. Indiana Trust & Investment Management CO grew its holdings in Honeywell International by 0.9% during the fourth quarter. Indiana Trust & Investment Management CO now owns 5,563 shares of the conglomerate’s stock worth $1,167,000 after acquiring an additional 50 shares during the period. River Street Advisors LLC boosted its position in shares of Honeywell International by 2.0% in the 4th quarter. River Street Advisors LLC now owns 2,599 shares of the conglomerate’s stock valued at $545,000 after purchasing an additional 50 shares during the period. Finally, Triton Wealth Management PLLC boosted its position in shares of Honeywell International by 4.7% in the 4th quarter. Triton Wealth Management PLLC now owns 1,132 shares of the conglomerate’s stock valued at $233,000 after purchasing an additional 51 shares during the period. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Honeywell International news, CFO Gregory P. Lewis sold 25,209 shares of Honeywell International stock in a transaction that occurred 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 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 document filed with the SEC, which is accessible through this link. In other news, CFO Gregory P. Lewis sold 25,209 shares of Honeywell International 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 sale, the chief financial officer now 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 the SEC website. Also, Director Darius Adamczyk sold 28,500 shares of Honeywell International 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 sale, the director now directly owns 203,510 shares in the company, valued at approximately $41,507,899.60. The disclosure for this sale can be found here. Company insiders own 0.41% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on HON. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $215.00 price target (down previously from $227.00) on shares of Honeywell International in a research report on Tuesday, April 16th. 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 report on Tuesday, June 4th. StockNews.com upgraded Honeywell International from a “hold” rating to a “buy” rating in a research report on Wednesday, May 15th. Barclays raised their price objective on Honeywell International from $230.00 to $232.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 2nd. Finally, 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 research report on Monday, June 10th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Honeywell International has an average rating of “Moderate Buy” and an average price target of $224.75.

Honeywell International Stock Performance

Shares of HON stock traded up $2.28 during trading on Tuesday, reaching $213.23. The company had a trading volume of 1,908,085 shares, compared to its average volume of 2,931,328. The firm’s 50 day simple moving average is $204.15 and its two-hundred day simple moving average is $201.47. 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 Inc. has a one year low of $174.88 and a one year high of $218.36. The company has a market capitalization of $138.85 billion, a PE ratio of 24.68, a PEG ratio of 2.23 and a beta of 1.04.

Honeywell International (NASDAQ:HON) last issued its quarterly earnings data on Thursday, April 25th. The conglomerate reported $2.25 earnings per share for the quarter, beating 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 for the quarter, compared to the consensus estimate of $9.03 billion. During the same period last year, the business earned $2.07 EPS. The firm’s revenue was up 2.7% compared to the same quarter last year. Sell-side analysts forecast that Honeywell International Inc. will post 10.11 earnings per share for the current year.

Honeywell International Dividend Announcement

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