AdvisorNet Financial Inc Has $3.50 Million Position in Honeywell International Inc. (NASDAQ:HON)

AdvisorNet Financial Inc lessened its position in Honeywell International Inc. (NASDAQ:HONFree Report) by 3.4% during the first quarter, Holdings Channel reports. The institutional investor owned 17,059 shares of the conglomerate’s stock after selling 600 shares during the quarter. AdvisorNet Financial Inc’s holdings in Honeywell International were worth $3,501,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the company. Industrial Alliance Investment Management Inc. lifted its stake in Honeywell International by 1,205.8% in the third quarter. Industrial Alliance Investment Management Inc. now owns 3,395 shares of the conglomerate’s stock valued at $627,000 after acquiring an additional 3,135 shares during the last quarter. Jag Capital Management LLC lifted its position in shares of Honeywell International by 40.8% in the third quarter. Jag Capital Management LLC now owns 1,619 shares of the conglomerate’s stock valued at $299,000 after buying an additional 469 shares during the last quarter. Torray Investment Partners LLC increased its holdings in shares of Honeywell International by 0.3% during the 4th quarter. Torray Investment Partners LLC now owns 58,708 shares of the conglomerate’s stock worth $12,312,000 after acquiring an additional 190 shares during the last quarter. Shulman DeMeo Asset Management LLC raised its stake in Honeywell International by 11.1% in the 4th quarter. Shulman DeMeo Asset Management LLC now owns 1,686 shares of the conglomerate’s stock valued at $354,000 after acquiring an additional 169 shares during the period. Finally, Boyd Watterson Asset Management LLC OH lifted its holdings in Honeywell International by 0.3% during the 4th quarter. Boyd Watterson Asset Management LLC OH now owns 26,817 shares of the conglomerate’s stock valued at $5,624,000 after purchasing an additional 89 shares during the last quarter. Institutional investors and hedge funds own 75.91% of the company’s stock.

Honeywell International Price Performance

Shares of NASDAQ:HON traded up $2.05 during trading on Monday, hitting $217.14. 1,124,288 shares of the company were exchanged, compared to its average volume of 2,930,163. 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 1-year low of $174.88 and a 1-year high of $218.36. The company has a market capitalization of $141.40 billion, a P/E ratio of 24.92, a price-to-earnings-growth ratio of 2.28 and a beta of 1.03. The business’s 50 day moving average is $201.62 and its 200-day moving average is $200.90.

Honeywell International (NASDAQ:HONGet Free Report) last released its quarterly earnings data on Thursday, April 25th. The conglomerate reported $2.25 earnings per share (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 company had revenue of $9.11 billion during the quarter, compared to the consensus estimate of $9.03 billion. During the same quarter in the prior year, the firm posted $2.07 earnings per share. The firm’s revenue was up 2.7% compared to the same quarter last year. Equities analysts forecast that Honeywell International Inc. will post 10.23 earnings per share for the current year.

Honeywell International Announces Dividend

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 $1.08 dividend. The ex-dividend date was Thursday, May 16th. This represents a $4.32 annualized dividend and a dividend yield of 1.99%. Honeywell International’s dividend payout ratio is 50.06%.

Insider Activity at Honeywell International

In related news, Director Darius Adamczyk sold 28,500 shares of Honeywell International stock in a transaction that occurred on 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 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 legal filing with the SEC, which is available through this hyperlink. In related news, Director Darius Adamczyk sold 28,500 shares of the business’s stock in a transaction 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 transaction, the director now owns 203,510 shares in the company, valued at $41,507,899.60. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Gregory P. Lewis sold 25,209 shares of the 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 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. 0.41% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on HON. Berenberg Bank raised shares of Honeywell International from a “hold” rating to a “buy” rating and increased their price objective for the company from $195.00 to $240.00 in a research report on Wednesday, March 6th. UBS Group upgraded Honeywell International from a “sell” rating to a “neutral” rating and boosted their price objective for the stock from $175.00 to $215.00 in a report on Monday, June 10th. StockNews.com raised Honeywell International from a “hold” rating to a “buy” rating in a report on Wednesday, May 15th. Daiwa America raised shares of Honeywell International to a “moderate buy” rating in a report on Wednesday, June 5th. Finally, Citigroup raised their price objective on Honeywell International from $243.00 to $244.00 and gave the stock a “buy” rating in a research note on Tuesday, June 4th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Honeywell International currently has an average rating of “Moderate Buy” and an average target price of $224.75.

Get Our Latest Stock Report on HON

Honeywell International Company Profile

(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.

See Also

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

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