Honeywell International Inc. (NASDAQ:HON) Shares Sold by Congress Park Capital LLC

Congress Park Capital LLC cut its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 2.3% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 3,030 shares of the conglomerate’s stock after selling 70 shares during the period. Congress Park Capital LLC’s holdings in Honeywell International were worth $622,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Altshuler Shaham Ltd purchased a new position in Honeywell International during the 4th quarter worth $27,000. Scarborough Advisors LLC acquired a new stake in shares of Honeywell International in the fourth quarter worth approximately $27,000. Cordant Inc. purchased a new stake in shares of Honeywell International in the fourth quarter worth about $31,000. Rakuten Securities Inc. purchased a new position in shares of Honeywell International during the 4th quarter valued at approximately $31,000. Finally, Financial Connections Group Inc. acquired a new stake in shares of Honeywell International during the 4th quarter valued at approximately $37,000. 75.91% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on HON shares. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $215.00 price target (down from $227.00) on shares of Honeywell International in a report on Tuesday, April 16th. StockNews.com raised Honeywell International from a “hold” rating to a “buy” rating in a report on Wednesday, May 15th. Berenberg Bank raised Honeywell International from a “hold” rating to a “buy” rating and upped their price target for the company from $195.00 to $240.00 in a report on Wednesday, March 6th. Citigroup lifted their price objective on shares of Honeywell International from $243.00 to $244.00 and gave the stock a “buy” rating in a research report on Tuesday, June 4th. Finally, Daiwa America upgraded shares of Honeywell International to a “moderate buy” rating in a report on Wednesday, June 5th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $224.75.

Insider Buying and Selling

In other Honeywell International news, CFO Gregory P. Lewis sold 25,209 shares of the 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 owns 55,471 shares in the company, valued at approximately $10,709,231.26. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Honeywell International news, Director Darius Adamczyk sold 28,500 shares of the company’s stock in a transaction dated Wednesday, May 15th. The stock was 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Gregory P. Lewis sold 25,209 shares of the business’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $193.06, for a total transaction of $4,866,849.54. Following the completion of the transaction, the chief financial officer now owns 55,471 shares in the company, valued at approximately $10,709,231.26. The disclosure for this sale can be found here. 0.41% of the stock is owned by corporate insiders.

Honeywell International Trading Down 0.9 %

HON stock traded down $1.98 during midday trading on Friday, reaching $212.40. The stock had a trading volume of 754,085 shares, compared to its average volume of 2,912,849. 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 Inc. has a twelve month low of $174.88 and a twelve month high of $218.36. The firm has a market cap of $138.31 billion, a price-to-earnings ratio of 24.84, a PEG ratio of 2.22 and a beta of 1.03. The business has a fifty day simple moving average of $202.99 and a two-hundred day simple moving average of $201.25.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings data on Thursday, April 25th. The conglomerate reported $2.25 EPS for the quarter, topping analysts’ consensus estimates of $2.17 by $0.08. Honeywell International had a return on equity of 35.88% and a net margin of 15.52%. The business had revenue of $9.11 billion during the quarter, compared to analysts’ expectations of $9.03 billion. During the same period in the previous year, the firm earned $2.07 earnings per share. The firm’s quarterly revenue was up 2.7% compared to the same quarter last year. As a group, research analysts expect that Honeywell International Inc. will post 10.19 EPS for the current fiscal year.

Honeywell International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 7th. Investors of record on Friday, May 17th were given a dividend of $1.08 per share. The ex-dividend date was Thursday, May 16th. This represents a $4.32 annualized dividend and a yield of 2.03%. Honeywell International’s dividend payout ratio (DPR) is presently 50.06%.

About Honeywell International

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.