Cornerstone Wealth Group LLC Makes New $4.61 Million Investment in Honeywell International Inc. (NASDAQ:HON)

Cornerstone Wealth Group LLC purchased a new position in Honeywell International Inc. (NASDAQ:HON) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 22,436 shares of the conglomerate’s stock, valued at approximately $4,605,000.

Several other institutional investors and hedge funds have also bought and sold shares of HON. Richardson Capital Management LLC acquired a new stake in shares of Honeywell International during the first quarter worth $35,000. Annapolis Financial Services LLC lifted its position in Honeywell International by 28.3% during the first quarter. Annapolis Financial Services LLC now owns 295 shares of the conglomerate’s stock valued at $61,000 after purchasing an additional 65 shares during the period. River Street Advisors LLC lifted its position in Honeywell International by 85.1% during the first quarter. River Street Advisors LLC now owns 4,810 shares of the conglomerate’s stock valued at $987,000 after purchasing an additional 2,211 shares during the period. New Mexico Educational Retirement Board lifted its position in Honeywell International by 15.3% during the first quarter. New Mexico Educational Retirement Board now owns 39,886 shares of the conglomerate’s stock valued at $7,761,000 after purchasing an additional 5,300 shares during the period. Finally, Winthrop Advisory Group LLC lifted its position in Honeywell International by 15.8% during the first quarter. Winthrop Advisory Group LLC now owns 1,889 shares of the conglomerate’s stock valued at $388,000 after purchasing an additional 258 shares during the period. 75.91% of the stock is owned by hedge funds and other institutional investors.

Honeywell International Price Performance

Shares of HON stock traded down $0.84 on Friday, reaching $213.54. 4,804,816 shares of the company were exchanged, compared to its average volume of 2,832,742. The company has a market cap of $139.06 billion, a price-to-earnings ratio of 24.74, a P/E/G ratio of 2.22 and a beta of 1.03. The business has a 50-day moving average price of $203.84 and a 200 day moving average price of $201.43. 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 1 year low of $174.88 and a 1 year high of $218.36.

Honeywell International (NASDAQ:HON) last released its earnings results 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 net margin of 15.52% and a return on equity of 35.88%. The business had revenue of $9.11 billion during the quarter, compared to analysts’ expectations of $9.03 billion. During the same quarter in the previous year, the company earned $2.07 earnings per share. The company’s quarterly revenue was up 2.7% on a year-over-year basis. Equities research analysts forecast that Honeywell International Inc. will post 10.11 earnings per share for the current fiscal year.

Honeywell International Dividend Announcement

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

Insider Activity at Honeywell International

In related news, CFO Gregory P. Lewis sold 25,209 shares of the company’s stock in a transaction dated 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 sale, the chief financial officer now owns 55,471 shares of the company’s stock, valued at approximately $10,709,231.26. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Honeywell International news, Director Darius Adamczyk sold 28,500 shares of the business’s stock in a transaction dated Wednesday, May 15th. The shares were 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 approximately $41,507,899.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 transaction 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 $10,709,231.26. The disclosure for this sale can be found here. 0.41% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Barclays boosted their target price on shares of Honeywell International from $230.00 to $232.00 and gave the company an “overweight” rating in a research report on Tuesday, April 2nd. Daiwa America upgraded shares of Honeywell International to a “moderate buy” rating in a research report on Wednesday, June 5th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $215.00 price objective (down previously from $227.00) on shares of Honeywell International in a report on Tuesday, April 16th. StockNews.com raised shares of Honeywell International from a “hold” rating to a “buy” rating in a report on Wednesday, May 15th. Finally, Royal Bank of Canada cut their price objective on shares of Honeywell International from $222.00 to $218.00 and set a “sector perform” rating for the company in a report on Tuesday, June 4th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $224.75.

Honeywell International Profile

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.