Honeywell International Inc. (NASDAQ:HON) Shares Sold by Albion Financial Group UT

Albion Financial Group UT cut its holdings in Honeywell International Inc. (NASDAQ:HON) by 0.3% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 61,224 shares of the conglomerate’s stock after selling 192 shares during the period. Honeywell International comprises approximately 1.0% of Albion Financial Group UT’s holdings, making the stock its 29th biggest position. Albion Financial Group UT’s holdings in Honeywell International were worth $12,566,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Altshuler Shaham Ltd bought a new stake in Honeywell International in the 4th quarter valued at about $27,000. Scarborough Advisors LLC bought a new stake in Honeywell International in the 4th quarter valued at about $27,000. Cordant Inc. bought a new stake in Honeywell International in the 4th quarter valued at about $31,000. Rakuten Securities Inc. bought a new stake in Honeywell International in the 4th quarter valued at about $31,000. Finally, Richardson Capital Management LLC bought a new stake in Honeywell International in the 1st quarter valued at about $35,000. 75.91% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have commented on HON. Barclays boosted their price target on shares of Honeywell International from $230.00 to $232.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 2nd. Citigroup boosted their price target on shares of Honeywell International from $243.00 to $244.00 and gave the stock a “buy” rating in a research report on Tuesday, June 4th. StockNews.com upgraded shares of Honeywell International from a “hold” rating to a “buy” rating in a research report on Wednesday, May 15th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $215.00 price target (down from $227.00) on shares of Honeywell International in a research report on Tuesday, April 16th. Finally, Berenberg Bank upgraded shares of Honeywell International from a “hold” rating to a “buy” rating and boosted their price target for the stock from $195.00 to $240.00 in a research report on Wednesday, March 6th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, Honeywell International has an average rating of “Moderate Buy” and an average target price of $224.75.

Honeywell International Stock Performance

Shares of Honeywell International stock traded down $0.77 on Wednesday, reaching $212.46. The stock had a trading volume of 1,086,719 shares, compared to its average volume of 2,916,807. The business’s 50-day moving average price is $204.49 and its two-hundred day moving average price is $201.54. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.28 and a current ratio of 1.66. Honeywell International Inc. has a fifty-two week low of $174.88 and a fifty-two week high of $218.36. The stock has a market cap of $138.35 billion, a P/E ratio of 24.67, a price-to-earnings-growth 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, topping analysts’ consensus estimates of $2.17 by $0.08. The business had revenue of $9.11 billion during the quarter, compared to analysts’ expectations of $9.03 billion. Honeywell International had a net margin of 15.52% and a return on equity of 35.88%. Honeywell International’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same period in the previous year, the company earned $2.07 earnings per share. On average, sell-side analysts forecast that Honeywell International Inc. will post 10.11 EPS for the current year.

Honeywell International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 7th. Shareholders of record on Friday, May 17th were issued a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a yield of 2.03%. The ex-dividend date was Thursday, May 16th. Honeywell International’s dividend payout ratio (DPR) is presently 50.06%.

Insider Buying and Selling at Honeywell International

In other news, Director Darius Adamczyk sold 28,500 shares of the stock in a transaction 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 completion of the transaction, the director now owns 203,510 shares in the company, valued at approximately $41,507,899.60. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, Director Darius Adamczyk sold 28,500 shares of the stock in a transaction 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 completion of the transaction, the director now owns 203,510 shares in the company, valued at approximately $41,507,899.60. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Gregory P. Lewis sold 25,209 shares of the stock in a transaction dated 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 disclosure for this sale can be found here. Insiders own 0.41% of the company’s stock.

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.