Naviter Wealth LLC Boosts Stake in Honeywell International Inc. (NASDAQ:HON)

Naviter Wealth LLC lifted its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 11.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,007 shares of the conglomerate’s stock after buying an additional 1,133 shares during the period. Naviter Wealth LLC’s holdings in Honeywell International were worth $2,259,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Price T Rowe Associates Inc. MD grew its position in Honeywell International by 32.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 7,840,959 shares of the conglomerate’s stock valued at $1,644,328,000 after buying an additional 1,899,373 shares during the period. International Assets Investment Management LLC grew its position in shares of Honeywell International by 6,557.2% during the 4th quarter. International Assets Investment Management LLC now owns 940,661 shares of the conglomerate’s stock valued at $197,266,000 after acquiring an additional 926,531 shares during the period. Adage Capital Partners GP L.L.C. increased its stake in shares of Honeywell International by 51.3% in the 3rd quarter. Adage Capital Partners GP L.L.C. now owns 1,874,877 shares of the conglomerate’s stock worth $346,365,000 after purchasing an additional 636,104 shares in the last quarter. Capital Research Global Investors raised its holdings in Honeywell International by 20.4% in the 4th quarter. Capital Research Global Investors now owns 3,189,925 shares of the conglomerate’s stock worth $668,959,000 after purchasing an additional 539,644 shares during the period. Finally, California Public Employees Retirement System lifted its position in Honeywell International by 27.5% during the fourth quarter. California Public Employees Retirement System now owns 1,739,695 shares of the conglomerate’s stock valued at $364,831,000 after purchasing an additional 375,158 shares in the last quarter. 75.91% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. 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 target on shares of Honeywell International from $243.00 to $244.00 and gave the company a “buy” rating in a report on Tuesday, June 4th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $215.00 price objective (down from $227.00) on shares of Honeywell International in a research note on Tuesday, April 16th. 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 research note on Tuesday, April 2nd. Finally, UBS Group raised Honeywell International from a “sell” rating to a “neutral” rating and raised their price target for the company from $175.00 to $215.00 in a report on Monday, June 10th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Honeywell International has a consensus rating of “Moderate Buy” and a consensus price target of $224.75.

Insider Buying and Selling at Honeywell International

In other news, Director Darius Adamczyk sold 28,500 shares of the company’s stock in a transaction dated 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 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 filing with the Securities & Exchange Commission, which can be accessed through this link. In other Honeywell International 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 transaction 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 Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Gregory P. Lewis sold 25,209 shares of the firm’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 completion of the sale, the chief financial officer now owns 55,471 shares of the company’s stock, valued at approximately $10,709,231.26. The disclosure for this sale can be found here. 0.41% of the stock is owned by company insiders.

Honeywell International Price Performance

NASDAQ HON traded up $2.28 on Tuesday, reaching $213.23. The company had a trading volume of 1,908,319 shares, compared to its average volume of 2,931,328. The stock has a market capitalization of $138.85 billion, a PE ratio of 24.68, a price-to-earnings-growth ratio of 2.23 and a beta of 1.04. Honeywell International Inc. has a 12 month low of $174.88 and a 12 month high of $218.36. 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 50 day moving average price is $204.15 and its 200 day moving average price is $201.47.

Honeywell International (NASDAQ:HON) last issued 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. The firm had revenue of $9.11 billion for the quarter, compared to analysts’ expectations of $9.03 billion. Honeywell International had a return on equity of 35.88% and a net margin of 15.52%. The business’s revenue was up 2.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.07 earnings per share. As a group, equities analysts predict that Honeywell International Inc. will post 10.11 earnings per share for the current year.

Honeywell International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 7th. Investors of record on Friday, May 17th were paid a dividend of $1.08 per share. This represents a $4.32 dividend on an annualized basis and a yield of 2.03%. The ex-dividend date was Thursday, May 16th. Honeywell International’s payout ratio is 50.06%.

Honeywell International 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.