ERn Financial LLC Purchases 66 Shares of Honeywell International Inc. (NASDAQ:HON)

ERn Financial LLC raised its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 1.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,379 shares of the conglomerate’s stock after buying an additional 66 shares during the period. ERn Financial LLC’s holdings in Honeywell International were worth $1,104,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. Altshuler Shaham Ltd bought a new stake in shares of Honeywell International during the fourth quarter worth $27,000. Scarborough Advisors LLC bought a new stake in Honeywell International during the 4th quarter valued at about $27,000. Cordant Inc. purchased a new stake in Honeywell International in the 4th quarter valued at about $31,000. Rakuten Securities Inc. bought a new position in Honeywell International in the 4th quarter worth about $31,000. Finally, Financial Connections Group Inc. purchased a new position in shares of Honeywell International during the fourth quarter worth approximately $37,000. Institutional investors own 75.91% of the company’s stock.

Insider Buying and Selling at Honeywell International

In related news, CFO Gregory P. Lewis sold 25,209 shares of the business’s stock in a transaction on Monday, April 29th. The shares were sold at an average price of $193.06, for a total transaction of $4,866,849.54. Following the completion of the transaction, the chief financial officer now directly owns 55,471 shares in the company, valued at $10,709,231.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Darius Adamczyk sold 28,500 shares of the stock in a transaction dated 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 sale, the director now directly owns 203,510 shares of the company’s stock, valued at approximately $41,507,899.60. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Gregory P. Lewis sold 25,209 shares of the company’s stock in a transaction dated 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 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. 0.41% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on HON shares. Royal Bank of Canada decreased their target price on Honeywell International from $222.00 to $218.00 and set a “sector perform” rating for the company in a research report on Tuesday, June 4th. UBS Group upgraded Honeywell International from a “sell” rating to a “neutral” rating and lifted their price objective for the company from $175.00 to $215.00 in a report on Monday, June 10th. Daiwa America raised shares of Honeywell International to a “moderate buy” rating in a research report on Wednesday, June 5th. Barclays boosted their price target on shares of Honeywell International from $230.00 to $232.00 and gave the company an “overweight” rating in a report on Tuesday, April 2nd. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $215.00 price objective (down from $227.00) on shares of Honeywell International in a research note on Tuesday, April 16th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, Honeywell International has a consensus rating of “Moderate Buy” and an average target price of $224.75.

Honeywell International Stock Up 0.4 %

NASDAQ:HON traded up $0.95 during midday trading on Thursday, reaching $214.38. 1,903,815 shares of the stock traded hands, compared to its average volume of 2,930,630. The business has a 50-day moving average of $202.99 and a two-hundred day moving average of $201.25. 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 12-month low of $174.88 and a 12-month high of $218.36. The stock has a market capitalization of $139.60 billion, a PE ratio of 24.89, a price-to-earnings-growth ratio of 2.22 and a beta of 1.03.

Honeywell International (NASDAQ:HON) last issued its quarterly earnings data on Thursday, April 25th. The conglomerate reported $2.25 EPS for the quarter, beating the consensus estimate 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 quarter in the prior year, the business posted $2.07 EPS. The business’s revenue for the quarter was up 2.7% compared to the same quarter last year. On average, equities analysts forecast that Honeywell International Inc. will post 10.23 earnings per share for the current fiscal year.

Honeywell International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 7th. Shareholders of record on Friday, May 17th were given a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a yield of 2.02%. The ex-dividend date was Thursday, May 16th. Honeywell International’s dividend payout ratio is presently 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.