Honeywell International Inc. (NASDAQ:HON) Shares Sold by Gateway Investment Advisers LLC

Gateway Investment Advisers LLC reduced its stake in Honeywell International Inc. (NASDAQ:HONFree Report) by 0.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 265,407 shares of the conglomerate’s stock after selling 185 shares during the period. Gateway Investment Advisers LLC’s holdings in Honeywell International were worth $54,475,000 at the end of the most recent quarter.

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

Insider Activity

In other news, CFO Gregory P. Lewis sold 25,209 shares of the stock in a transaction on 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 completion of the transaction, the chief financial officer now owns 55,471 shares of the company’s stock, valued at $10,709,231.26. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CFO Gregory P. Lewis sold 25,209 shares of the company’s stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $193.06, for a total value of $4,866,849.54. Following the completion of the sale, the chief financial officer now directly owns 55,471 shares of the company’s stock, valued at approximately $10,709,231.26. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, 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 transaction of $5,812,860.00. Following the transaction, the director now owns 203,510 shares in the company, valued at approximately $41,507,899.60. The disclosure for this sale can be found here. Corporate insiders own 0.41% of the company’s stock.

Honeywell International Trading Down 0.9 %

Shares of HON stock traded down $2.00 during mid-day trading on Tuesday, hitting $213.89. 590,242 shares of the company’s stock were exchanged, compared to its average volume of 2,925,080. The stock has a market cap of $139.28 billion, a price-to-earnings ratio of 25.02, a PEG ratio of 2.29 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. The stock has a 50-day simple moving average of $202.05 and a two-hundred day simple moving average of $201.03. Honeywell International Inc. has a fifty-two week low of $174.88 and a fifty-two week high of $218.36.

Honeywell International (NASDAQ:HONGet Free Report) last issued its quarterly earnings results on Thursday, April 25th. The conglomerate reported $2.25 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $9.03 billion. During the same quarter last year, the company posted $2.07 earnings per share. The company’s quarterly revenue was up 2.7% compared to the same quarter last year. Equities analysts expect that Honeywell International Inc. will post 10.23 EPS for the current fiscal year.

Honeywell International Dividend Announcement

The business also recently disclosed 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. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $4.32 dividend on an annualized basis and a yield of 2.02%. Honeywell International’s dividend payout ratio is currently 50.06%.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Barclays lifted their target price on shares of Honeywell International from $230.00 to $232.00 and gave the company an “overweight” rating in a report on Tuesday, April 2nd. Daiwa America raised shares of Honeywell International to a “moderate buy” rating in a report on Wednesday, June 5th. Deutsche Bank Aktiengesellschaft restated 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. Citigroup lifted their target price on Honeywell International from $243.00 to $244.00 and gave the company a “buy” rating in a research note on Tuesday, June 4th. Finally, UBS Group upgraded shares of Honeywell International from a “sell” rating to a “neutral” rating and lifted their price objective for the company from $175.00 to $215.00 in a research report on Monday, June 10th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $224.75.

View Our Latest Stock Analysis on HON

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.

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

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