Honeywell International Inc. (NASDAQ:HON) Shares Sold by Fidelity D & D Bancorp Inc.

Fidelity D & D Bancorp Inc. decreased its position in Honeywell International Inc. (NASDAQ:HON) by 5.0% in the 1st quarter, HoldingsChannel reports. The firm owned 1,106 shares of the conglomerate’s stock after selling 58 shares during the period. Fidelity D & D Bancorp Inc.’s holdings in Honeywell International were worth $227,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Altshuler Shaham Ltd acquired a new position in shares of Honeywell International during the 4th quarter valued at about $27,000. Scarborough Advisors LLC acquired a new position in shares of Honeywell International during the 4th quarter valued at about $27,000. Cordant Inc. acquired a new position in shares of Honeywell International during the 4th quarter valued at about $31,000. Rakuten Securities Inc. acquired a new position in shares of Honeywell International during the 4th quarter valued at about $31,000. Finally, Financial Connections Group Inc. acquired a new position in shares of Honeywell International during the 4th quarter valued at about $37,000. Institutional investors and hedge funds own 75.91% of the company’s stock.

Insider Activity

In other news, Director Darius Adamczyk sold 28,500 shares of the stock in a transaction that occurred 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 transaction, the director now directly owns 203,510 shares in the company, valued at approximately $41,507,899.60. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In related news, CFO Gregory P. Lewis sold 25,209 shares of the company’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 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 SEC, which is accessible through this hyperlink. Also, Director Darius Adamczyk sold 28,500 shares of the stock in a transaction on 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 completion of the sale, the director now directly owns 203,510 shares in the company, valued at $41,507,899.60. The disclosure for this sale can be found here. Company insiders own 0.41% of the company’s stock.

Honeywell International Stock Down 0.4 %

NASDAQ HON traded down $0.84 on Friday, reaching $213.54. The company had a trading volume of 4,804,816 shares, compared to its average volume of 2,832,742. The firm has a market capitalization of $139.05 billion, a PE ratio of 24.74, a P/E/G ratio of 2.23 and a beta of 1.03. Honeywell International Inc. has a 1 year low of $174.88 and a 1 year high of $218.36. The firm has a 50-day moving average of $203.84 and a 200-day moving average of $201.43. 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 (NASDAQ:HON) last released its 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 company 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%. The business’s revenue was up 2.7% on a year-over-year basis. During the same period in the prior year, the business posted $2.07 EPS. On average, equities research analysts anticipate that Honeywell International Inc. will post 10.19 EPS for the current fiscal year.

Honeywell International Dividend Announcement

The firm also recently announced 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 2.02%. The ex-dividend date was Thursday, May 16th. Honeywell International’s dividend payout ratio (DPR) is currently 50.06%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on HON. UBS Group upgraded Honeywell International from a “sell” rating to a “neutral” rating and boosted their target price for the stock from $175.00 to $215.00 in a report on Monday, June 10th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $215.00 target price (down previously from $227.00) on shares of Honeywell International in a report on Tuesday, April 16th. StockNews.com upgraded Honeywell International from a “hold” rating to a “buy” rating in a report on Wednesday, May 15th. Daiwa America upgraded Honeywell International to a “moderate buy” rating in a report on Wednesday, June 5th. Finally, Berenberg Bank upgraded Honeywell International from a “hold” rating to a “buy” rating and boosted their target price for the stock from $195.00 to $240.00 in a report on Wednesday, March 6th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $224.75.

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.