Honeywell International Inc. (NASDAQ:HON) Shares Sold by Atlantic Union Bankshares Corp

Atlantic Union Bankshares Corp reduced its position in Honeywell International Inc. (NASDAQ:HON) by 3.2% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 24,854 shares of the conglomerate’s stock after selling 825 shares during the quarter. Atlantic Union Bankshares Corp’s holdings in Honeywell International were worth $5,101,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Altshuler Shaham Ltd acquired a new stake in Honeywell International in the 4th quarter valued at about $27,000. Scarborough Advisors LLC acquired a new stake in Honeywell International in the 4th quarter valued at about $27,000. Cordant Inc. acquired a new stake in Honeywell International in the 4th quarter valued at about $31,000. Rakuten Securities Inc. purchased a new stake in shares of Honeywell International in the 4th quarter valued at approximately $31,000. Finally, Financial Connections Group Inc. acquired a new stake in shares of Honeywell International during the 4th quarter worth approximately $37,000. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Honeywell International Price Performance

Shares of HON stock traded down $0.84 during midday trading on Friday, reaching $213.54. 4,804,785 shares of the company traded hands, compared to its average volume of 2,945,894. The firm has a market cap of $139.06 billion, a PE ratio of 24.74, a price-to-earnings-growth ratio of 2.22 and a beta of 1.03. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.66 and a quick ratio of 1.28. The firm’s 50 day simple moving average is $203.84 and its two-hundred day simple moving average is $201.43. Honeywell International Inc. has a 1-year low of $174.88 and a 1-year high of $218.36.

Honeywell International (NASDAQ:HON) last released its quarterly earnings results on Thursday, April 25th. The conglomerate reported $2.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.17 by $0.08. The business had revenue of $9.11 billion during the quarter, compared to the consensus estimate of $9.03 billion. Honeywell International had a return on equity of 35.88% and a net margin of 15.52%. The business’s revenue was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.07 EPS. On average, equities research analysts expect that Honeywell International Inc. will post 10.19 EPS for the current fiscal year.

Honeywell International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 7th. Investors of record on Friday, May 17th were paid a $1.08 dividend. This represents a $4.32 annualized dividend and a yield of 2.02%. The ex-dividend date was Thursday, May 16th. Honeywell International’s payout ratio is 50.06%.

Insider Buying and Selling at Honeywell International

In related news, Director Darius Adamczyk sold 28,500 shares of the company’s stock in a transaction that occurred 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 transaction, the director now owns 203,510 shares of the company’s stock, valued at $41,507,899.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Darius Adamczyk sold 28,500 shares of the company’s 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 completion of the transaction, the director now 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 firm’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 completion of the sale, the chief financial officer now directly 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 insiders.

Analyst Ratings Changes

A number of research firms have commented on HON. Citigroup upped 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. UBS Group upgraded shares of Honeywell International from a “sell” rating to a “neutral” rating and boosted their price target for the stock from $175.00 to $215.00 in a research note on Monday, June 10th. Daiwa America raised shares of Honeywell International to a “moderate buy” rating in a research note on Wednesday, June 5th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $215.00 price target (down previously from $227.00) on shares of Honeywell International in a research report on Tuesday, April 16th. Finally, Barclays increased their price objective on Honeywell International from $230.00 to $232.00 and gave the company an “overweight” rating in a research note on Tuesday, April 2nd. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, Honeywell International presently has an average rating of “Moderate Buy” and a consensus price target 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.