Honeywell International Inc. (NASDAQ:HON) Shares Sold by Nwam LLC

Nwam LLC cut its stake in Honeywell International Inc. (NASDAQ:HON) by 80.2% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,454 shares of the conglomerate’s stock after selling 18,030 shares during the quarter. Nwam LLC’s holdings in Honeywell International were worth $878,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Indiana Trust & Investment Management CO raised its stake in shares of Honeywell International by 0.9% in the 4th quarter. Indiana Trust & Investment Management CO now owns 5,563 shares of the conglomerate’s stock valued at $1,167,000 after purchasing an additional 50 shares in the last quarter. River Street Advisors LLC increased its holdings 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 acquiring an additional 50 shares during the last quarter. Triton Wealth Management PLLC raised its position in shares of Honeywell International by 4.7% during the 4th quarter. Triton Wealth Management PLLC now owns 1,132 shares of the conglomerate’s stock valued at $233,000 after acquiring an additional 51 shares in the last quarter. Legacy Trust lifted its stake in Honeywell International by 2.1% during the first quarter. Legacy Trust now owns 2,527 shares of the conglomerate’s stock worth $519,000 after purchasing an additional 52 shares during the last quarter. Finally, Morton Capital Management LLC CA boosted its holdings in Honeywell International by 0.9% in the fourth quarter. Morton Capital Management LLC CA now owns 5,883 shares of the conglomerate’s stock worth $1,234,000 after purchasing an additional 55 shares during the period. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Wells Fargo & Company increased their price objective on shares of Honeywell International from $205.00 to $220.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 10th. Royal Bank of Canada cut their price target on Honeywell International from $222.00 to $218.00 and set a “sector perform” rating on the stock in a report on Tuesday, June 4th. Daiwa America raised Honeywell International to a “moderate buy” rating in a research report on Wednesday, June 5th. UBS Group upgraded shares of Honeywell International from a “sell” rating to a “neutral” rating and upped their target price for the stock from $175.00 to $215.00 in a research report on Monday, June 10th. Finally, Citigroup increased their price target on Honeywell International from $243.00 to $244.00 and gave the stock a “buy” rating in a research note on Tuesday, June 4th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $225.63.

Honeywell International Price Performance

Shares of NASDAQ:HON opened at $214.61 on Friday. The company has a market cap of $139.75 billion, a P/E ratio of 24.87, a price-to-earnings-growth ratio of 2.23 and a beta of 1.04. The company’s fifty day moving average is $209.38 and its two-hundred day moving average is $202.28. 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 Inc. has a 12-month low of $174.88 and a 12-month high of $220.79.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings data on Thursday, April 25th. The conglomerate reported $2.25 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 firm had revenue of $9.11 billion during the quarter, compared to analyst estimates of $9.03 billion. During the same period last year, the company posted $2.07 EPS. The business’s quarterly revenue was up 2.7% compared to the same quarter last year. Equities analysts expect that Honeywell International Inc. will post 10.19 earnings per share for the current fiscal year.

Honeywell International Announces Dividend

The business also recently declared 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. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $4.32 annualized dividend and a dividend yield of 2.01%. Honeywell International’s dividend payout ratio (DPR) is presently 50.06%.

Insider Activity at Honeywell International

In related news, CFO Gregory P. Lewis sold 25,209 shares of the firm’s stock in a transaction 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 directly owns 55,471 shares in the company, valued at approximately $10,709,231.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Darius Adamczyk sold 28,500 shares of the company’s stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $203.96, for a total transaction of $5,812,860.00. Following the completion of the transaction, the director now directly owns 203,510 shares in the company, valued at approximately $41,507,899.60. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Gregory P. Lewis sold 25,209 shares of the business’s stock in a transaction dated 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 $10,709,231.26. The disclosure for this sale can be found here. 0.41% of the stock is owned by company insiders.

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.