Pflug Koory LLC Cuts Position in Honeywell International Inc. (NASDAQ:HON)

Pflug Koory LLC lowered its stake in shares of Honeywell International Inc. (NASDAQ:HONFree Report) by 1.1% during the 1st quarter, Holdings Channel.com reports. The firm owned 16,124 shares of the conglomerate’s stock after selling 173 shares during the quarter. Honeywell International accounts for approximately 1.6% of Pflug Koory LLC’s portfolio, making the stock its 7th biggest position. Pflug Koory LLC’s holdings in Honeywell International were worth $3,309,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Dakota Community Bank & Trust NA raised its holdings in Honeywell International by 6.3% during the first quarter. Dakota Community Bank & Trust NA now owns 1,408 shares of the conglomerate’s stock worth $289,000 after buying an additional 84 shares during the last quarter. BTC Capital Management Inc. bought a new stake in shares of Honeywell International during the first quarter worth about $3,829,000. Daymark Wealth Partners LLC raised its holdings in shares of Honeywell International by 1.8% in the 1st quarter. Daymark Wealth Partners LLC now owns 126,800 shares of the conglomerate’s stock worth $26,026,000 after acquiring an additional 2,283 shares during the last quarter. CVA Family Office LLC lifted its position in Honeywell International by 7.1% in the 1st quarter. CVA Family Office LLC now owns 1,325 shares of the conglomerate’s stock valued at $272,000 after acquiring an additional 88 shares in the last quarter. Finally, Buckingham Capital Management Inc. boosted its stake in Honeywell International by 2.6% during the 1st quarter. Buckingham Capital Management Inc. now owns 63,720 shares of the conglomerate’s stock valued at $13,079,000 after purchasing an additional 1,591 shares during the last quarter. Institutional investors own 75.91% of the company’s stock.

Insider Buying and Selling

In related news, Director Darius Adamczyk sold 28,500 shares of the firm’s stock in a transaction 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 completion of the transaction, the director now directly owns 203,510 shares of the company’s stock, valued at $41,507,899.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Honeywell International news, Director Darius Adamczyk sold 28,500 shares of the firm’s stock in a transaction that occurred on 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 completion of the transaction, the director now 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 this link. Also, CFO Gregory P. Lewis sold 25,209 shares of the firm’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 of the company’s stock, valued at $10,709,231.26. The disclosure for this sale can be found here. 0.41% of the stock is owned by insiders.

Honeywell International Stock Performance

HON traded up $0.95 during mid-day trading on Friday, reaching $215.09. 7,929,048 shares of the company traded hands, compared to its average volume of 2,433,662. The company’s fifty day moving average price is $201.62 and its 200-day moving average price is $200.85. The stock has a market capitalization of $140.06 billion, a P/E ratio of 24.92, a P/E/G ratio of 2.28 and a beta of 1.03. The company has a quick ratio of 1.28, a current ratio of 1.66 and a debt-to-equity ratio of 1.30. Honeywell International Inc. has a 52-week low of $174.88 and a 52-week high of $216.08.

Honeywell International (NASDAQ:HONGet Free Report) last announced its earnings results on Thursday, April 25th. The conglomerate reported $2.25 EPS for the quarter, beating 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 period in the prior year, the company earned $2.07 earnings per share. The firm’s revenue was up 2.7% on a year-over-year basis. On average, sell-side analysts expect that Honeywell International Inc. will post 10.23 EPS for the current year.

Honeywell International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 7th. Investors of record on Friday, May 17th were given a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a dividend yield of 2.01%. The ex-dividend date of this dividend was Thursday, May 16th. Honeywell International’s dividend payout ratio is currently 50.06%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on HON shares. Berenberg Bank raised Honeywell International from a “hold” rating to a “buy” rating and raised their target price for the company from $195.00 to $240.00 in a research report on Wednesday, March 6th. Barclays raised 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. StockNews.com upgraded shares of Honeywell International from a “hold” rating to a “buy” rating in a report on Wednesday, May 15th. Daiwa America upgraded Honeywell International to a “moderate buy” rating in a report on Wednesday, June 5th. Finally, UBS Group raised shares of Honeywell International from a “sell” rating to a “neutral” rating and increased their price target for the stock from $175.00 to $215.00 in a research note on Monday, June 10th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $224.75.

View Our Latest Analysis on Honeywell International

About Honeywell International

(Free Report)

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.

Featured Stories

Want to see what other hedge funds are holding HON? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Honeywell International Inc. (NASDAQ:HONFree Report).

Institutional Ownership by Quarter for Honeywell International (NASDAQ:HON)

Receive News & Ratings for Honeywell International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Honeywell International and related companies with MarketBeat.com's FREE daily email newsletter.