Diversified Trust Co Decreases Holdings in Honeywell International Inc. (NASDAQ:HON)

Diversified Trust Co lessened its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 17.4% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 14,255 shares of the conglomerate’s stock after selling 3,013 shares during the period. Diversified Trust Co’s holdings in Honeywell International were worth $2,926,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Altshuler Shaham Ltd purchased a new stake in Honeywell International during the fourth quarter worth about $27,000. Scarborough Advisors LLC purchased a new position in shares of Honeywell International in the fourth quarter worth about $27,000. Cordant Inc. bought a new stake in shares of Honeywell International in the fourth quarter valued at approximately $31,000. Rakuten Securities Inc. purchased a new stake in shares of Honeywell International during the 4th quarter valued at approximately $31,000. Finally, Richardson Capital Management LLC bought a new position in Honeywell International in the 1st quarter worth approximately $35,000. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on HON. Royal Bank of Canada cut their price objective on shares of Honeywell International from $222.00 to $218.00 and set a “sector perform” rating for the company in a report on Tuesday, June 4th. Berenberg Bank raised shares of Honeywell International from a “hold” rating to a “buy” rating and raised their price objective for the stock from $195.00 to $240.00 in a report on Wednesday, March 6th. Barclays raised 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. UBS Group raised shares of Honeywell International from a “sell” rating to a “neutral” rating and raised their price objective for the stock from $175.00 to $215.00 in a report on Monday, June 10th. Finally, StockNews.com raised shares of Honeywell International from a “hold” rating to a “buy” rating in a report on Wednesday, May 15th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $224.75.

Insider Activity

In related news, Director Darius Adamczyk sold 28,500 shares of Honeywell International 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 transaction, the director now owns 203,510 shares in the company, valued at approximately $41,507,899.60. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Honeywell International news, CFO Gregory P. Lewis sold 25,209 shares of the firm’s stock in a transaction on Monday, April 29th. The shares were sold at an average price of $193.06, for a total value of $4,866,849.54. Following the sale, the chief financial officer now owns 55,471 shares of the company’s stock, valued at approximately $10,709,231.26. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Darius Adamczyk sold 28,500 shares of the firm’s stock in a transaction on Wednesday, May 15th. The stock was 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 directly owns 203,510 shares in the company, valued at approximately $41,507,899.60. The disclosure for this sale can be found here. Corporate insiders own 0.41% of the company’s stock.

Honeywell International Stock Performance

NASDAQ HON opened at $210.95 on Tuesday. Honeywell International Inc. has a 1 year low of $174.88 and a 1 year high of $218.36. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.66 and a quick ratio of 1.28. The stock has a market capitalization of $137.37 billion, a PE ratio of 24.44, a P/E/G ratio of 2.23 and a beta of 1.04. The company’s 50 day simple moving average is $203.84 and its two-hundred day simple moving average is $201.42.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings data on Thursday, April 25th. The conglomerate reported $2.25 earnings per share for the quarter, beating the consensus estimate of $2.17 by $0.08. The firm had revenue of $9.11 billion for the quarter, compared to analysts’ expectations of $9.03 billion. Honeywell International had a net margin of 15.52% and a return on equity of 35.88%. The business’s quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter last year, the company posted $2.07 EPS. Analysts predict that Honeywell International Inc. will post 10.11 earnings per share for the current fiscal year.

Honeywell International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 7th. Stockholders of record on Friday, May 17th were given a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a dividend yield of 2.05%. The ex-dividend date of this dividend was Thursday, May 16th. Honeywell International’s dividend payout ratio (DPR) is currently 50.06%.

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.