Westside Investment Management Inc. Has $67,000 Position in Honeywell International Inc. (NASDAQ:HON)

Westside Investment Management Inc. reduced its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 32.7% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 325 shares of the conglomerate’s stock after selling 158 shares during the quarter. Westside Investment Management Inc.’s holdings in Honeywell International were worth $67,000 at the end of the most recent quarter.

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

Honeywell International Trading Down 0.4 %

NASDAQ HON opened at $212.46 on Thursday. The stock has a market capitalization of $138.35 billion, a price-to-earnings ratio of 24.62, a PEG ratio of 2.23 and a beta of 1.04. The stock’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 52 week low of $174.88 and a 52 week high of $218.36.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings data on Thursday, April 25th. The conglomerate reported $2.25 earnings per share (EPS) for the quarter, topping 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 company had revenue of $9.11 billion for the quarter, compared to analysts’ expectations of $9.03 billion. During the same quarter in the prior year, the business posted $2.07 EPS. The business’s revenue was up 2.7% compared to the same quarter last year. As a group, analysts anticipate that Honeywell International Inc. will post 10.11 earnings per share for the current fiscal year.

Honeywell International Dividend Announcement

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

Insider Transactions at Honeywell International

In other news, CFO Gregory P. Lewis sold 25,209 shares of the company’s 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 in the company, valued at approximately $10,709,231.26. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CFO Gregory P. Lewis sold 25,209 shares of the company’s 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 in the company, valued at approximately $10,709,231.26. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, 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 directly owns 203,510 shares in the company, valued at $41,507,899.60. The disclosure for this sale can be found here. Company insiders own 0.41% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Citigroup lifted their price objective on Honeywell International from $243.00 to $244.00 and gave the company a “buy” rating in a report on Tuesday, June 4th. Daiwa America upgraded Honeywell International to a “moderate buy” rating in a report on Wednesday, June 5th. Barclays lifted their price objective on Honeywell International from $230.00 to $232.00 and gave the company an “overweight” rating in a report on Tuesday, April 2nd. Royal Bank of Canada cut their target price on Honeywell International from $222.00 to $218.00 and set a “sector perform” rating on the stock in a research note on Tuesday, June 4th. Finally, UBS Group upgraded Honeywell International from a “sell” rating to a “neutral” rating and boosted their target price for the company from $175.00 to $215.00 in a research note on Monday, June 10th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $224.75.

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.