Blue Zone Wealth Advisors LLC Raises Stake in Honeywell International Inc. (NASDAQ:HON)

Blue Zone Wealth Advisors LLC increased its stake in Honeywell International Inc. (NASDAQ:HONFree Report) by 2.6% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,914 shares of the conglomerate’s stock after purchasing an additional 502 shares during the quarter. Blue Zone Wealth Advisors LLC’s holdings in Honeywell International were worth $4,087,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD lifted its holdings in shares of Honeywell International by 32.0% in 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 purchasing an additional 1,899,373 shares in the last quarter. International Assets Investment Management LLC increased its position in Honeywell International by 6,557.2% during the fourth quarter. International Assets Investment Management LLC now owns 940,661 shares of the conglomerate’s stock worth $197,266,000 after buying an additional 926,531 shares in the last quarter. Adage Capital Partners GP L.L.C. raised its holdings in shares of Honeywell International by 51.3% in the third quarter. Adage Capital Partners GP L.L.C. now owns 1,874,877 shares of the conglomerate’s stock worth $346,365,000 after acquiring an additional 636,104 shares during the last quarter. Capital Research Global Investors lifted its position in shares of Honeywell International by 20.4% in the fourth quarter. Capital Research Global Investors now owns 3,189,925 shares of the conglomerate’s stock valued at $668,959,000 after acquiring an additional 539,644 shares in the last quarter. Finally, California Public Employees Retirement System boosted its stake in shares of 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 acquiring an additional 375,158 shares during the last quarter. Institutional investors and hedge funds own 75.91% of the company’s stock.

Insider Activity

In other news, Director Darius Adamczyk sold 28,500 shares of the company’s stock in a transaction on 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related 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 value of $4,866,849.54. Following the completion of the transaction, the chief financial officer now directly owns 55,471 shares in the company, valued at $10,709,231.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Darius Adamczyk sold 28,500 shares of the company’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 value of $5,812,860.00. Following the sale, 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. Insiders own 0.41% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on HON. Royal Bank of Canada reduced their target price on shares of Honeywell International from $222.00 to $218.00 and set a “sector perform” rating on the stock in a report on Tuesday, June 4th. Berenberg Bank raised shares of Honeywell International from a “hold” rating to a “buy” rating and lifted their target price for the stock from $195.00 to $240.00 in a research note on Wednesday, March 6th. Barclays increased their price target on Honeywell International from $230.00 to $232.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 2nd. 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, Daiwa America upgraded Honeywell International to a “moderate buy” rating in a research report on Wednesday, June 5th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $224.75.

Check Out Our Latest Research Report on HON

Honeywell International Trading Down 0.4 %

Shares of NASDAQ HON traded down $0.84 during midday trading on Friday, hitting $213.54. The stock had a trading volume of 4,804,816 shares, compared to its average volume of 2,832,742. The company has a fifty day moving average price of $203.84 and a 200 day moving average price of $201.42. The company has a market capitalization of $139.06 billion, a price-to-earnings ratio of 24.74, a PEG ratio of 2.22 and a beta of 1.03. Honeywell International Inc. has a 1-year low of $174.88 and a 1-year 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.

Honeywell International (NASDAQ:HONGet Free Report) last released its quarterly earnings data 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 net margin of 15.52% and a return on equity of 35.88%. The company had revenue of $9.11 billion during the quarter, compared to the consensus estimate of $9.03 billion. During the same period in the previous year, the firm earned $2.07 earnings per share. Honeywell International’s revenue for the quarter was up 2.7% on a year-over-year basis. On average, analysts predict that Honeywell International Inc. will post 10.11 earnings per share for the current year.

Honeywell International Dividend Announcement

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 $1.08 dividend. 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 payout ratio is 50.06%.

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.

See Also

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

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