Honeywell International Inc. (NASDAQ:HON) Shares Bought by Kestra Advisory Services LLC

Kestra Advisory Services LLC grew its holdings in Honeywell International Inc. (NASDAQ:HON) by 2.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 90,424 shares of the conglomerate’s stock after purchasing an additional 2,448 shares during the quarter. Kestra Advisory Services LLC’s holdings in Honeywell International were worth $18,560,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. LGT Group Foundation acquired a new position in shares of Honeywell International in the first quarter worth $26,000. Altshuler Shaham Ltd purchased a new position in Honeywell International in the 4th quarter valued at about $27,000. Scarborough Advisors LLC acquired a new stake in shares of Honeywell International during the 4th quarter worth about $27,000. Cordant Inc. purchased a new stake in shares of Honeywell International during the fourth quarter worth about $31,000. Finally, Rakuten Securities Inc. acquired a new position in shares of Honeywell International in the fourth quarter valued at approximately $31,000. 75.91% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

HON has been the subject of several recent analyst reports. Citigroup lifted their target price on shares of Honeywell International from $243.00 to $244.00 and gave the stock a “buy” rating in a research note on Tuesday, June 4th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $215.00 target price (down from $227.00) on shares of Honeywell International in a research note on Tuesday, April 16th. Barclays raised their price target on Honeywell International from $230.00 to $232.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 2nd. Royal Bank of Canada dropped their price objective on shares of Honeywell International from $218.00 to $214.00 and set a “sector perform” rating for the company in a research note on Friday. Finally, UBS Group raised shares of Honeywell International from a “sell” rating to a “neutral” rating and raised their target price for the stock from $175.00 to $215.00 in a research report on Monday, June 10th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Honeywell International has an average rating of “Moderate Buy” and a consensus target price of $224.50.

Honeywell International Trading Up 0.1 %

NASDAQ HON traded up $0.29 during mid-day trading on Friday, hitting $202.74. The company’s stock had a trading volume of 7,452,531 shares, compared to its average volume of 2,405,457. The firm has a market capitalization of $132.02 billion, a P/E ratio of 23.49, a price-to-earnings-growth ratio of 2.11 and a beta of 1.04. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.21 and a quick ratio of 1.28. Honeywell International Inc. has a 52-week low of $174.88 and a 52-week high of $220.79. The stock’s fifty day simple moving average is $209.95 and its two-hundred day simple moving average is $202.53.

Honeywell International (NASDAQ:HON) last released its quarterly earnings data on Thursday, July 25th. The conglomerate reported $2.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.42 by $0.07. Honeywell International had a net margin of 15.49% and a return on equity of 36.87%. The company had revenue of $9.58 billion during the quarter, compared to analyst estimates of $9.41 billion. During the same quarter in the prior year, the business earned $2.23 earnings per share. The business’s quarterly revenue was up 4.7% compared to the same quarter last year. Research analysts expect that Honeywell International Inc. will post 10.15 EPS for the current year.

Honeywell International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 6th. Stockholders of record on Friday, August 16th will be paid a $1.08 dividend. The ex-dividend date is Friday, August 16th. This represents a $4.32 dividend on an annualized basis and a dividend yield of 2.13%. Honeywell International’s dividend payout ratio (DPR) is currently 50.06%.

Insider Activity at Honeywell International

In other Honeywell International 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 value of $4,866,849.54. Following the completion of the transaction, the chief financial officer now owns 55,471 shares in the company, valued at approximately $10,709,231.26. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, Director Darius Adamczyk sold 28,500 shares of Honeywell International stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $203.96, for a total transaction of $5,812,860.00. Following the sale, the director now directly owns 203,510 shares of the company’s stock, valued at $41,507,899.60. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Gregory P. Lewis sold 25,209 shares of the 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 completion of 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 disclosure for this sale can be found here. Company insiders own 0.41% of the company’s stock.

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.