Honeywell International Inc. (NASDAQ:HON) Shares Bought by Royal Fund Management LLC

Royal Fund Management LLC increased its stake in Honeywell International Inc. (NASDAQ:HON) by 15.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,338 shares of the conglomerate’s stock after acquiring an additional 178 shares during the period. Royal Fund Management LLC’s holdings in Honeywell International were worth $281,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Rakuten Securities Inc. purchased a new position in shares of Honeywell International in the 4th quarter worth about $31,000. Cordant Inc. purchased a new stake in Honeywell International during the fourth quarter worth approximately $31,000. Financial Connections Group Inc. acquired a new stake in shares of Honeywell International in the fourth quarter worth $37,000. TFO Wealth Partners LLC raised its stake in shares of Honeywell International by 105.6% in the 3rd quarter. TFO Wealth Partners LLC now owns 222 shares of the conglomerate’s stock valued at $41,000 after acquiring an additional 114 shares during the period. Finally, Wetzel Investment Advisors Inc. purchased a new stake in Honeywell International during the 4th quarter worth $48,000. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Darius Adamczyk sold 25,500 shares of Honeywell International stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $197.19, for a total value of $5,028,345.00. Following the sale, the director now directly owns 183,400 shares in the company, valued at approximately $36,164,646. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Honeywell International news, CFO Gregory P. Lewis sold 25,209 shares of the business’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $193.06, for a total transaction of $4,866,849.54. Following the sale, the chief financial officer now directly owns 55,471 shares in the company, valued at approximately $10,709,231.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Darius Adamczyk sold 25,500 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $197.19, for a total value of $5,028,345.00. Following the sale, the director now directly owns 183,400 shares in the company, valued at approximately $36,164,646. The disclosure for this sale can be found here. 0.41% of the stock is owned by corporate insiders.

Honeywell International Stock Performance

Shares of HON stock traded up $2.17 on Friday, hitting $195.81. 2,251,381 shares of the stock traded hands, compared to its average volume of 2,992,784. The company has a market capitalization of $127.51 billion, a PE ratio of 22.69, a PEG ratio of 2.24 and a beta of 1.02. The company’s fifty day moving average is $197.66 and its 200 day moving average is $196.58. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.66 and a quick ratio of 1.28. Honeywell International Inc. has a 1-year low of $174.88 and a 1-year high of $210.87.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings results on Thursday, April 25th. The conglomerate reported $2.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $9.03 billion. During the same period last year, the firm posted $2.07 EPS. The company’s revenue for the quarter was up 2.7% on a year-over-year basis. On average, equities research analysts predict that Honeywell International Inc. will post 9.94 earnings per share for the current fiscal year.

Honeywell International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 7th. Investors of record on Friday, May 17th will be given a dividend of $1.08 per share. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $4.32 dividend on an annualized basis and a yield of 2.21%. Honeywell International’s dividend payout ratio is currently 50.06%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Berenberg Bank raised shares of Honeywell International from a “hold” rating to a “buy” rating and increased their price objective for the company from $195.00 to $240.00 in a research report on Wednesday, March 6th. Barclays boosted their price objective 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. StockNews.com downgraded Honeywell International from a “buy” rating to a “hold” rating in a research note on Thursday. Royal Bank of Canada reduced their price target on Honeywell International from $210.00 to $209.00 and set a “sector perform” rating for the company in a report on Friday, February 2nd. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $215.00 target price (down from $227.00) on shares of Honeywell International in a research report on Tuesday, April 16th. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $215.71.

Honeywell International Company 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.