General Partner Inc. Acquires 582 Shares of Honeywell International Inc. (NASDAQ:HON)

General Partner Inc. lifted its holdings in Honeywell International Inc. (NASDAQ:HON) by 25.0% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,910 shares of the conglomerate’s stock after buying an additional 582 shares during the quarter. General Partner Inc.’s holdings in Honeywell International were worth $597,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in HON. Altshuler Shaham Ltd acquired a new stake in Honeywell International in the fourth quarter worth about $27,000. Scarborough Advisors LLC acquired a new stake in Honeywell International in the fourth quarter worth about $27,000. Cordant Inc. acquired a new stake in Honeywell International in the fourth quarter worth about $31,000. Rakuten Securities Inc. acquired a new stake in Honeywell International in the fourth quarter worth about $31,000. Finally, Financial Connections Group Inc. acquired a new stake in Honeywell International in the fourth quarter worth about $37,000. 75.91% of the stock is owned by institutional investors.

Honeywell International Price Performance

Shares of HON traded up $0.13 during trading hours on Tuesday, hitting $212.08. 551,573 shares of the company were exchanged, compared to its average volume of 2,876,611. The company has a market cap of $138.10 billion, a price-to-earnings ratio of 24.56, a P/E/G ratio of 2.22 and a beta of 1.03. Honeywell International Inc. has a fifty-two week low of $174.88 and a fifty-two week high of $212.19. 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 firm’s fifty day moving average is $200.26 and its 200 day moving average is $200.45.

Honeywell International (NASDAQ:HON) last released its earnings results on Thursday, April 25th. The conglomerate reported $2.25 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analyst estimates of $9.03 billion. During the same period in the prior year, the firm posted $2.07 EPS. Honeywell International’s quarterly revenue was up 2.7% on a year-over-year basis. On average, equities analysts anticipate that Honeywell International Inc. will post 10.24 earnings per share for the current fiscal 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 given 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 dividend yield of 2.04%. Honeywell International’s dividend payout ratio is currently 50.06%.

Analysts Set New Price Targets

HON has been the subject of several analyst reports. UBS Group upgraded Honeywell International from a “sell” rating to a “neutral” rating and boosted their target price for the stock from $175.00 to $215.00 in a research report on Monday, June 10th. Daiwa America upgraded Honeywell International to a “moderate buy” rating in a research report on Wednesday, June 5th. Citigroup boosted their price objective on Honeywell International from $243.00 to $244.00 and gave the company a “buy” rating in a research report on Tuesday, June 4th. Barclays boosted their price objective on Honeywell International from $230.00 to $232.00 and gave the company an “overweight” rating in a research report on Tuesday, April 2nd. Finally, Royal Bank of Canada decreased their price objective on Honeywell International from $222.00 to $218.00 and set a “sector perform” rating for the company in a research report on Tuesday, June 4th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Honeywell International has a consensus rating of “Moderate Buy” and an average target price of $224.75.

Insider Buying and Selling

In other news, CFO Gregory P. Lewis sold 25,209 shares of Honeywell International stock in a transaction dated Monday, April 29th. The stock was 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 directly owns 55,471 shares of the company’s stock, valued at $10,709,231.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Darius Adamczyk sold 28,500 shares of Honeywell International stock in a transaction dated 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 sale, the director now directly owns 203,510 shares of the company’s stock, valued at $41,507,899.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Gregory P. Lewis sold 25,209 shares of Honeywell International stock in a transaction dated 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 sale, the chief financial officer now directly 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.

Honeywell International Company 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.