Transcend Capital Advisors LLC Sells 5,851 Shares of Honeywell International Inc. (NASDAQ:HON)

Transcend Capital Advisors LLC cut its holdings in Honeywell International Inc. (NASDAQ:HONGet Rating) by 22.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 20,381 shares of the conglomerate’s stock after selling 5,851 shares during the period. Transcend Capital Advisors LLC’s holdings in Honeywell International were worth $3,966,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Baystate Wealth Management LLC lifted its stake in shares of Honeywell International by 3.9% in the fourth quarter. Baystate Wealth Management LLC now owns 1,321 shares of the conglomerate’s stock worth $276,000 after buying an additional 49 shares in the last quarter. Mcrae Capital Management Inc. lifted its stake in shares of Honeywell International by 1.7% in the fourth quarter. Mcrae Capital Management Inc. now owns 3,009 shares of the conglomerate’s stock worth $627,000 after buying an additional 50 shares in the last quarter. Avity Investment Management Inc. lifted its stake in shares of Honeywell International by 2.5% in the first quarter. Avity Investment Management Inc. now owns 2,076 shares of the conglomerate’s stock worth $404,000 after buying an additional 51 shares in the last quarter. ARGI Investment Services LLC lifted its stake in shares of Honeywell International by 0.6% in the fourth quarter. ARGI Investment Services LLC now owns 8,422 shares of the conglomerate’s stock worth $1,756,000 after buying an additional 52 shares in the last quarter. Finally, Hoese & Co LLP lifted its stake in shares of Honeywell International by 0.8% in the fourth quarter. Hoese & Co LLP now owns 6,818 shares of the conglomerate’s stock worth $1,422,000 after buying an additional 54 shares in the last quarter. 74.27% of the stock is owned by institutional investors.

Shares of HON opened at $173.81 on Friday. Honeywell International Inc. has a twelve month low of $170.18 and a twelve month high of $236.86. The company has a market cap of $118.32 billion, a P/E ratio of 23.08, a P/E/G ratio of 2.15 and a beta of 1.05. The company has a current ratio of 1.21, a quick ratio of 0.94 and a debt-to-equity ratio of 0.66. The company’s fifty day simple moving average is $189.32 and its 200-day simple moving average is $192.39.

Honeywell International (NASDAQ:HONGet Rating) last posted its quarterly earnings results on Friday, April 29th. The conglomerate reported $1.91 EPS for the quarter, topping the consensus estimate of $1.86 by $0.05. The company had revenue of $8.38 billion for the quarter, compared to the consensus estimate of $8.29 billion. Honeywell International had a net margin of 15.30% and a return on equity of 30.04%. The firm’s revenue was down .9% compared to the same quarter last year. During the same quarter last year, the firm posted $1.92 EPS. Analysts predict that Honeywell International Inc. will post 8.68 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, June 3rd. Investors of record on Friday, May 13th were paid a $0.98 dividend. This represents a $3.92 annualized dividend and a yield of 2.26%. The ex-dividend date of this dividend was Thursday, May 12th. Honeywell International’s dividend payout ratio is presently 52.06%.

HON has been the subject of several research reports. Wells Fargo & Company decreased their price objective on shares of Honeywell International from $203.00 to $183.00 and set an “equal weight” rating for the company in a report on Wednesday. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Honeywell International from $243.00 to $230.00 and set a “buy” rating for the company in a report on Thursday, April 14th. Morgan Stanley decreased their price objective on shares of Honeywell International from $216.00 to $194.00 and set an “equal weight” rating for the company in a report on Tuesday, May 31st. Citigroup upped their target price on shares of Honeywell International from $229.00 to $232.00 in a report on Monday, May 2nd. Finally, TheStreet cut shares of Honeywell International from a “b” rating to a “c+” rating in a report on Friday, April 29th. Seven analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $226.15.

In related news, CEO Darius Adamczyk sold 40,000 shares of the firm’s stock in a transaction dated Tuesday, May 10th. The shares were sold at an average price of $194.52, for a total value of $7,780,800.00. Following the transaction, the chief executive officer now owns 165,015 shares of the company’s stock, valued at approximately $32,098,717.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.45% of the company’s stock.

Honeywell International Company Profile (Get Rating)

Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. Its 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; thermal systems, as well as wireless connectivity and management services.

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

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