S.E.E.D. Planning Group LLC Grows Stake in Honeywell International Inc. (NASDAQ:HON)

S.E.E.D. Planning Group LLC increased its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 10.2% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 40,268 shares of the conglomerate’s stock after purchasing an additional 3,737 shares during the quarter. Honeywell International accounts for 3.0% of S.E.E.D. Planning Group LLC’s portfolio, making the stock its 14th biggest holding. S.E.E.D. Planning Group LLC’s holdings in Honeywell International were worth $8,265,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Scarborough Advisors LLC bought a new position in shares of Honeywell International during the fourth quarter valued at $27,000. Altshuler Shaham Ltd bought a new position in Honeywell International in the fourth quarter valued at about $27,000. Rakuten Securities Inc. bought a new position in Honeywell International in the fourth quarter valued at about $31,000. Cordant Inc. bought a new position in Honeywell International in the fourth quarter valued at about $31,000. Finally, Financial Connections Group Inc. bought a new position in Honeywell International in the fourth quarter valued at about $37,000. 75.91% of the stock is owned by institutional investors.

Honeywell International Price Performance

NASDAQ:HON traded down $0.84 during trading hours on Friday, reaching $213.54. The stock had a trading volume of 4,804,816 shares, compared to its average volume of 2,832,742. The stock has a market capitalization of $139.05 billion, a PE ratio of 24.74, a PEG ratio of 2.23 and a beta of 1.03. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.28 and a current ratio of 1.66. The company has a 50 day moving average price of $203.84 and a two-hundred day moving average price of $201.43. Honeywell International Inc. has a 52 week low of $174.88 and a 52 week high of $218.36.

Honeywell International (NASDAQ:HON) last released its earnings results on Thursday, April 25th. The conglomerate reported $2.25 earnings per share for the quarter, beating the consensus estimate of $2.17 by $0.08. The firm had revenue of $9.11 billion for the quarter, compared to the consensus estimate of $9.03 billion. Honeywell International had a return on equity of 35.88% and a net margin of 15.52%. The company’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.07 EPS. As a group, sell-side analysts anticipate that Honeywell International Inc. will post 10.19 earnings per share for the current fiscal year.

Honeywell International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 7th. Stockholders 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 2.02%. The ex-dividend date of this dividend was Thursday, May 16th. Honeywell International’s dividend payout ratio is currently 50.06%.

Analysts Set New Price Targets

HON has been the topic of a number of recent research reports. StockNews.com raised Honeywell International from a “hold” rating to a “buy” rating in a report on Wednesday, May 15th. Daiwa America raised Honeywell International to a “moderate buy” rating in a research report on Wednesday, June 5th. Royal Bank of Canada lowered their price objective on Honeywell International from $222.00 to $218.00 and set a “sector perform” rating on the stock in a research report on Tuesday, June 4th. Citigroup lifted 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. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $215.00 price objective (down from $227.00) on shares of Honeywell International in a research report on Tuesday, April 16th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Honeywell International presently has a consensus rating of “Moderate Buy” and an average price target of $224.75.

Insider Activity at Honeywell International

In related news, Director Darius Adamczyk sold 28,500 shares of the company’s stock in a transaction 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 sale, the director now directly owns 203,510 shares in the company, valued at approximately $41,507,899.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, CFO Gregory P. Lewis sold 25,209 shares of the company’s 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 transaction, 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 filing with the Securities & Exchange Commission, which is available at this link. Also, Director Darius Adamczyk sold 28,500 shares of the stock in a transaction dated 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 completion of the transaction, the director now directly owns 203,510 shares in the company, valued at $41,507,899.60. The disclosure for this sale can be found here. 0.41% of the stock is owned by company insiders.

About Honeywell International

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.