Pinnacle Bancorp Inc. Sells 195 Shares of Honeywell International Inc. (NASDAQ:HON)

Pinnacle Bancorp Inc. lowered its stake in Honeywell International Inc. (NASDAQ:HON) by 5.3% in the first quarter, Holdings Channel reports. The fund owned 3,469 shares of the conglomerate’s stock after selling 195 shares during the quarter. Pinnacle Bancorp Inc.’s holdings in Honeywell International were worth $712,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in HON. Price T Rowe Associates Inc. MD raised its holdings in Honeywell International by 32.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 7,840,959 shares of the conglomerate’s stock valued at $1,644,328,000 after buying an additional 1,899,373 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in Honeywell International by 5.2% in the 3rd quarter. Ameriprise Financial Inc. now owns 6,995,897 shares of the conglomerate’s stock valued at $1,292,307,000 after buying an additional 347,808 shares during the last quarter. Northern Trust Corp raised its holdings in Honeywell International by 0.3% in the 4th quarter. Northern Trust Corp now owns 6,451,134 shares of the conglomerate’s stock valued at $1,352,867,000 after buying an additional 17,591 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Honeywell International by 1.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,621,544 shares of the conglomerate’s stock valued at $759,474,000 after buying an additional 66,213 shares during the last quarter. Finally, Capital Research Global Investors raised its holdings in Honeywell International by 20.4% in the 4th quarter. Capital Research Global Investors now owns 3,189,925 shares of the conglomerate’s stock valued at $668,959,000 after buying an additional 539,644 shares during the last quarter. Institutional investors own 75.91% of the company’s stock.

Honeywell International Trading Down 0.4 %

Shares of NASDAQ:HON traded down $0.84 during mid-day trading on Friday, hitting $213.54. The company had a trading volume of 4,804,785 shares, compared to its average volume of 2,945,894. The firm has a fifty day moving average price of $203.84 and a 200 day moving average price of $201.43. The company has a market capitalization of $139.06 billion, a PE ratio of 24.74, a price-to-earnings-growth ratio of 2.22 and a beta of 1.03. 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 one year low of $174.88 and a one year high of $218.36.

Honeywell International (NASDAQ:HON) last released 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 company had revenue of $9.11 billion during the quarter, compared to analyst estimates of $9.03 billion. Honeywell International had a net margin of 15.52% and a return on equity of 35.88%. Honeywell International’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.07 EPS. As a group, research analysts forecast that Honeywell International Inc. will post 10.19 EPS for the current year.

Honeywell International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 7th. Stockholders of record on Friday, May 17th were paid a $1.08 dividend. The ex-dividend date was Thursday, May 16th. This represents a $4.32 annualized dividend and a dividend yield of 2.02%. Honeywell International’s dividend payout ratio is currently 50.06%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on HON shares. Daiwa America raised shares of Honeywell International to a “moderate buy” rating in a research report on Wednesday, June 5th. UBS Group raised shares of Honeywell International from a “sell” rating to a “neutral” rating and increased their target price for the company from $175.00 to $215.00 in a research report on Monday, June 10th. Barclays increased their target price on shares of Honeywell International from $230.00 to $232.00 and gave the company an “overweight” rating in a research report on Tuesday, April 2nd. Berenberg Bank raised shares of Honeywell International from a “hold” rating to a “buy” rating and increased their target price for the company from $195.00 to $240.00 in a research report on Wednesday, March 6th. Finally, Royal Bank of Canada decreased their target price on shares of Honeywell International from $222.00 to $218.00 and set a “sector perform” rating for the company in a research report on Tuesday, June 4th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Honeywell International presently has an average rating of “Moderate Buy” and a consensus price target of $224.75.

Insider Buying and Selling at Honeywell International

In other Honeywell International news, Director Darius Adamczyk sold 28,500 shares of the business’s stock in a transaction 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 in the company, valued at approximately $41,507,899.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Honeywell International news, Director Darius Adamczyk sold 28,500 shares of the business’s stock in a transaction 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 in the company, valued at approximately $41,507,899.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Gregory P. Lewis sold 25,209 shares of the business’s stock in a transaction 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 sale, the chief financial officer now owns 55,471 shares of the company’s stock, valued at approximately $10,709,231.26. The disclosure for this sale can be found here. 0.41% of the stock is currently owned by company insiders.

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.