Stonegate Investment Group LLC Purchases 4,318 Shares of Honeywell International Inc. (NASDAQ:HON)

Stonegate Investment Group LLC boosted its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 1.7% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 254,686 shares of the conglomerate’s stock after acquiring an additional 4,318 shares during the period. Honeywell International accounts for 1.6% of Stonegate Investment Group LLC’s portfolio, making the stock its 21st largest holding. Stonegate Investment Group LLC’s holdings in Honeywell International were worth $52,274,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Scarborough Advisors LLC purchased a new position in Honeywell International during the fourth quarter valued at $27,000. Altshuler Shaham Ltd purchased a new position in shares of Honeywell International in the 4th quarter worth $27,000. Rakuten Securities Inc. purchased a new position in shares of Honeywell International in the 4th quarter worth $31,000. Cordant Inc. purchased a new position in shares of Honeywell International in the 4th quarter worth $31,000. Finally, Richardson Capital Management LLC purchased a new position in shares of Honeywell International in the 1st quarter worth $35,000. 75.91% of the stock is owned by hedge funds and other institutional investors.

Honeywell International Trading Down 0.5 %

Honeywell International stock traded down $1.04 during trading hours on Tuesday, hitting $192.73. The company had a trading volume of 3,127,683 shares, compared to its average volume of 3,012,040. The firm has a market cap of $125.50 billion, a P/E ratio of 22.33, a P/E/G ratio of 2.21 and a beta of 1.02. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.28 and a current ratio of 1.66. Honeywell International Inc. has a 1 year low of $174.88 and a 1 year high of $210.87. The company has a 50-day moving average price of $197.99 and a two-hundred day moving average price of $196.54.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings results on Thursday, April 25th. The conglomerate reported $2.25 earnings per share 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 firm had revenue of $9.11 billion during the quarter, compared to analysts’ expectations of $9.03 billion. During the same quarter in the prior year, the company earned $2.07 EPS. The company’s revenue was up 2.7% compared to the same quarter last year. On average, sell-side analysts anticipate that Honeywell International Inc. will post 9.96 earnings per share for the current year.

Honeywell International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 7th. Stockholders of record on Friday, May 17th will be given a $1.08 dividend. The ex-dividend date is Thursday, May 16th. This represents a $4.32 annualized dividend and a dividend yield of 2.24%. Honeywell International’s payout ratio is presently 50.06%.

Insider Transactions at Honeywell International

In related news, Director Darius Adamczyk sold 25,500 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $197.19, for a total transaction of $5,028,345.00. Following the completion of the transaction, the director now owns 183,400 shares in the company, valued at approximately $36,164,646. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.41% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on HON shares. StockNews.com cut shares of Honeywell International from a “buy” rating to a “hold” rating in a research note on Friday. Barclays raised their target price on shares of Honeywell International from $230.00 to $232.00 and gave the stock an “overweight” rating in a report on Tuesday, April 2nd. Royal Bank of Canada dropped their price target on shares of Honeywell International from $210.00 to $209.00 and set a “sector perform” rating for the company in a research note on Friday, February 2nd. Berenberg Bank raised shares of Honeywell International from a “hold” rating to a “buy” rating and lifted their price target for the stock from $195.00 to $240.00 in a research note on Wednesday, March 6th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $215.00 price target (down from $227.00) on shares of Honeywell International in a research note on Tuesday, April 16th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, Honeywell International currently has an average rating of “Hold” and a consensus price target of $215.71.

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.