Janney Capital Management LLC Trims Stake in Honeywell International Inc. (NASDAQ:HON)

Janney Capital Management LLC lessened its holdings in Honeywell International Inc. (NASDAQ:HON) by 3.1% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 60,307 shares of the conglomerate’s stock after selling 1,902 shares during the period. Janney Capital Management LLC’s holdings in Honeywell International were worth $12,378,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD increased its stake in Honeywell International by 32.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 7,840,959 shares of the conglomerate’s stock valued at $1,644,328,000 after acquiring an additional 1,899,373 shares during the last quarter. Northern Trust Corp raised its position in Honeywell International by 0.3% in the 4th quarter. Northern Trust Corp now owns 6,451,134 shares of the conglomerate’s stock worth $1,352,867,000 after purchasing an additional 17,591 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in Honeywell International by 1.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,621,544 shares of the conglomerate’s stock worth $759,474,000 after purchasing an additional 66,213 shares during the last quarter. Capital Research Global Investors boosted its holdings in Honeywell International by 20.4% during the 4th quarter. Capital Research Global Investors now owns 3,189,925 shares of the conglomerate’s stock valued at $668,959,000 after acquiring an additional 539,644 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Honeywell International by 12.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,473,627 shares of the conglomerate’s stock valued at $518,740,000 after purchasing an additional 269,739 shares during the period. Institutional investors own 75.91% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on HON shares. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $215.00 price objective (down previously from $227.00) on shares of Honeywell International in a research report on Tuesday, April 16th. StockNews.com raised Honeywell International from a “hold” rating to a “buy” rating in a research note on Wednesday, May 15th. UBS Group raised Honeywell International from a “sell” rating to a “neutral” rating and raised their price target for the stock from $175.00 to $215.00 in a research note on Monday, June 10th. Citigroup boosted their price objective on shares of Honeywell International from $243.00 to $244.00 and gave the company a “buy” rating in a research report on Tuesday, June 4th. Finally, Daiwa America raised shares of Honeywell International to a “moderate buy” rating in a research note on Wednesday, June 5th. 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.com, Honeywell International currently has an average rating of “Moderate Buy” and an average target price of $224.75.

Insiders Place Their Bets

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 stock was sold at an average price of $203.96, for a total value 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 sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, Director Darius Adamczyk sold 28,500 shares of the firm’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 value of $5,812,860.00. Following the sale, the director now owns 203,510 shares in the company, valued at $41,507,899.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 sale, the chief financial officer now owns 55,471 shares of the company’s stock, valued at $10,709,231.26. The disclosure for this sale can be found here. Corporate insiders own 0.41% of the company’s stock.

Honeywell International Stock Down 0.1 %

NASDAQ:HON traded down $0.22 during trading hours on Friday, reaching $212.24. 1,355,280 shares of the company traded hands, compared to its average volume of 2,582,087. Honeywell International Inc. has a 1 year low of $174.88 and a 1 year high of $218.36. The stock has a market capitalization of $138.21 billion, a P/E ratio of 24.59, a P/E/G ratio of 2.21 and a beta of 1.04. The business’s 50-day moving average price is $205.61 and its two-hundred day moving average price is $201.74. The company has a current ratio of 1.66, a quick ratio of 1.28 and a debt-to-equity ratio of 1.30.

Honeywell International (NASDAQ:HON) last announced 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. The company had revenue of $9.11 billion for the quarter, compared to the consensus estimate of $9.03 billion. Honeywell International had a net margin of 15.52% and a return on equity of 35.88%. Honeywell International’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same period in the prior year, the firm posted $2.07 EPS. Analysts predict that Honeywell International Inc. will post 10.16 earnings per share for the current year.

Honeywell International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 7th. Shareholders 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 yield of 2.04%. Honeywell International’s dividend payout ratio is 50.06%.

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.