Rovin Capital UT ADV Invests $305,000 in Honeywell International Inc. (NASDAQ:HON)

Rovin Capital UT ADV bought a new stake in Honeywell International Inc. (NASDAQ:HON) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 1,452 shares of the conglomerate’s stock, valued at approximately $305,000.

A number of other institutional investors also recently added to or reduced their stakes in the company. Campbell & CO Investment Adviser LLC acquired a new stake in Honeywell International during the third quarter worth approximately $221,000. QRG Capital Management Inc. acquired a new stake in Honeywell International during the 3rd quarter worth $11,498,000. Envestnet Portfolio Solutions Inc. purchased a new stake in Honeywell International in the third quarter valued at $15,139,000. Envestnet Asset Management Inc. boosted its stake in Honeywell International by 28.1% in the third quarter. Envestnet Asset Management Inc. now owns 1,247,669 shares of the conglomerate’s stock valued at $230,494,000 after acquiring an additional 273,412 shares in the last quarter. Finally, Clearstead Advisors LLC grew its holdings in shares of Honeywell International by 8.5% during the third quarter. Clearstead Advisors LLC now owns 12,740 shares of the conglomerate’s stock worth $2,354,000 after purchasing an additional 1,001 shares during the last quarter. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Honeywell International Stock Up 1.6 %

Shares of Honeywell International stock opened at $211.95 on Tuesday. Honeywell International Inc. has a one year low of $174.88 and a one year high of $212.17. The company has a market cap of $138.02 billion, a P/E ratio of 24.56, a PEG ratio of 2.22 and a beta of 1.03. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.28 and a current ratio of 1.66. The firm has a fifty day moving average of $200.26 and a two-hundred day moving average of $200.45.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings results on Thursday, April 25th. The conglomerate reported $2.25 EPS for the quarter, beating the consensus estimate of $2.17 by $0.08. The business had revenue of $9.11 billion during 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%. During the same period last year, the firm earned $2.07 EPS. The company’s quarterly revenue was up 2.7% compared to the same quarter last year. On average, analysts forecast that Honeywell International Inc. will post 10.24 earnings per share for the current year.

Honeywell International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 7th. Stockholders of record on Friday, May 17th were paid a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a dividend yield of 2.04%. The ex-dividend date was Thursday, May 16th. Honeywell International’s dividend payout ratio (DPR) is presently 50.06%.

Analysts Set New Price Targets

HON has been the subject of a number of research analyst reports. StockNews.com raised Honeywell International from a “hold” rating to a “buy” rating in a research report on Wednesday, May 15th. Daiwa America raised Honeywell International to a “moderate buy” rating in a report on Wednesday, June 5th. Royal Bank of Canada cut 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. Citigroup increased their price target on shares of Honeywell International from $243.00 to $244.00 and gave the stock a “buy” rating in a research note on Tuesday, June 4th. Finally, UBS Group upgraded shares of Honeywell International from a “sell” rating to a “neutral” rating and lifted their price objective for the company from $175.00 to $215.00 in a research note on Monday, June 10th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, Honeywell International has a consensus rating of “Moderate Buy” and a consensus target price of $224.75.

Insider Transactions at Honeywell International

In other Honeywell International news, CFO Gregory P. Lewis sold 25,209 shares of the firm’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 of the company’s stock, valued at approximately $10,709,231.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Darius Adamczyk sold 28,500 shares of the stock in a transaction that occurred 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 completion of the sale, the director now owns 203,510 shares of the company’s stock, valued at approximately $41,507,899.60. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Gregory P. Lewis sold 25,209 shares of Honeywell International stock in a transaction that occurred on 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 transaction, the chief financial officer now directly owns 55,471 shares in the company, valued at $10,709,231.26. The disclosure for this sale can be found here. Corporate insiders own 0.41% of the company’s stock.

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.