Kovack Advisors Inc. Raises Stock Position in Honeywell International Inc. (NASDAQ:HON)

Kovack Advisors Inc. grew its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 21.1% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,682 shares of the conglomerate’s stock after purchasing an additional 642 shares during the quarter. Kovack Advisors Inc.’s holdings in Honeywell International were worth $756,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD grew its position in shares of Honeywell International by 32.0% in the 4th 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 during the period. Northern Trust Corp increased its stake in shares of Honeywell International by 0.3% during the fourth quarter. Northern Trust Corp now owns 6,451,134 shares of the conglomerate’s stock valued at $1,352,867,000 after purchasing an additional 17,591 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Honeywell International by 1.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,621,544 shares of the conglomerate’s stock valued at $759,474,000 after purchasing an additional 66,213 shares during the last quarter. Capital Research Global Investors grew its stake in shares of Honeywell International by 20.4% in the 4th 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 during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in Honeywell International by 12.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,473,627 shares of the conglomerate’s stock valued at $518,740,000 after buying an additional 269,739 shares in the last quarter. 75.91% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CFO Gregory P. Lewis sold 25,209 shares of the firm’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 transaction, the chief financial officer now owns 55,471 shares of the company’s stock, valued at $10,709,231.26. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CFO Gregory P. Lewis sold 25,209 shares of the firm’s 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 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 SEC, which is available through the SEC website. Also, Director Darius Adamczyk sold 28,500 shares of Honeywell International 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 transaction, the director now owns 203,510 shares in the company, valued at $41,507,899.60. The disclosure for this sale can be found here. Insiders own 0.41% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. 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 report on Wednesday, March 6th. Daiwa America upgraded shares of Honeywell International to a “moderate buy” rating in a research note on Wednesday, June 5th. Barclays lifted their target price on shares of Honeywell International from $230.00 to $232.00 and gave the stock an “overweight” rating in a report on Tuesday, April 2nd. Citigroup increased their price target on shares of Honeywell International from $243.00 to $244.00 and gave the company a “buy” rating in a report on Tuesday, June 4th. Finally, UBS Group upgraded shares of Honeywell International from a “sell” rating to a “neutral” rating and boosted their price objective for the stock from $175.00 to $215.00 in a 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 company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $224.75.

Honeywell International Stock Performance

Shares of HON traded down $0.77 during mid-day trading on Thursday, hitting $212.46. 1,086,724 shares of the company traded hands, compared to its average volume of 2,827,435. Honeywell International Inc. has a 1 year low of $174.88 and a 1 year high of $218.36. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.28 and a current ratio of 1.66. The stock has a 50-day moving average price of $204.49 and a two-hundred day moving average price of $201.54. The stock has a market cap of $138.35 billion, a price-to-earnings ratio of 24.62, a P/E/G ratio of 2.23 and a beta of 1.04.

Honeywell International (NASDAQ:HON) last announced its earnings results 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. The business had revenue of $9.11 billion during the quarter, compared to analyst estimates of $9.03 billion. Honeywell International had a net margin of 15.52% and a return on equity of 35.88%. The company’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same period in the previous year, the business earned $2.07 EPS. Equities analysts anticipate that Honeywell International Inc. will post 10.11 earnings per share for the current year.

Honeywell International Dividend Announcement

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

About Honeywell International

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.