Red Door Wealth Management LLC Boosts Stake in Honeywell International Inc. (NASDAQ:HON)

Red Door Wealth Management LLC increased its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 7.5% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 22,752 shares of the conglomerate’s stock after purchasing an additional 1,580 shares during the period. Red Door Wealth Management LLC’s holdings in Honeywell International were worth $4,670,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Dark Forest Capital Management LP acquired a new stake in Honeywell International during the 3rd quarter worth approximately $352,000. Ironwood Investment Counsel LLC lifted its holdings in Honeywell International by 144.9% during the 3rd quarter. Ironwood Investment Counsel LLC now owns 6,263 shares of the conglomerate’s stock worth $1,157,000 after buying an additional 3,706 shares in the last quarter. Richard Bernstein Advisors LLC lifted its holdings in Honeywell International by 13.8% during the 3rd quarter. Richard Bernstein Advisors LLC now owns 18,508 shares of the conglomerate’s stock worth $3,419,000 after buying an additional 2,248 shares in the last quarter. Waverly Advisors LLC lifted its holdings in Honeywell International by 2.7% during the 3rd quarter. Waverly Advisors LLC now owns 8,817 shares of the conglomerate’s stock worth $1,629,000 after buying an additional 230 shares in the last quarter. Finally, United Services Automobile Association lifted its holdings in Honeywell International by 11.2% during the 3rd quarter. United Services Automobile Association now owns 19,228 shares of the conglomerate’s stock worth $3,552,000 after buying an additional 1,930 shares in the last quarter. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Gregory P. Lewis sold 25,209 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the chief financial officer now owns 55,471 shares of the company’s stock, valued at $10,709,231.26. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, CFO Gregory P. Lewis sold 25,209 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the chief financial officer now owns 55,471 shares of the company’s stock, valued at $10,709,231.26. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Darius Adamczyk sold 28,500 shares of the business’s 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 transaction, the director now directly owns 203,510 shares of the company’s stock, valued at approximately $41,507,899.60. The disclosure for this sale can be found here. 0.41% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. UBS Group upgraded shares of Honeywell International from a “sell” rating to a “neutral” rating and increased their target price for the stock from $175.00 to $215.00 in a report on Monday, June 10th. Berenberg Bank upgraded shares of Honeywell International from a “hold” rating to a “buy” rating and raised their price objective for the company from $195.00 to $240.00 in a report on Wednesday, March 6th. StockNews.com upgraded shares of Honeywell International from a “hold” rating to a “buy” rating in a report on Wednesday, May 15th. Royal Bank of Canada reduced their price objective 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. Finally, Daiwa America upgraded shares of Honeywell International to a “moderate buy” rating in a report on Wednesday, June 5th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Honeywell International currently has an average rating of “Moderate Buy” and a consensus price target of $224.75.

Honeywell International Stock Performance

Shares of NASDAQ:HON traded down $0.84 during midday trading on Friday, hitting $213.54. The stock had a trading volume of 4,804,816 shares, compared to its average volume of 2,832,742. The company has a market capitalization of $139.06 billion, a PE ratio of 24.74, a P/E/G ratio of 2.22 and a beta of 1.03. The stock has a 50 day moving average price of $203.84 and a two-hundred day moving average price of $201.43. The company has a current ratio of 1.66, a quick ratio of 1.28 and a debt-to-equity ratio of 1.30. Honeywell International Inc. has a 1 year low of $174.88 and a 1 year high of $218.36.

Honeywell International (NASDAQ:HON) last issued its earnings results 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 business had revenue of $9.11 billion for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.07 earnings per share. As a group, equities analysts predict that Honeywell International Inc. will post 10.11 earnings per share for the current fiscal year.

Honeywell International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 7th. Shareholders of record on Friday, May 17th were given a dividend of $1.08 per share. This represents a $4.32 dividend on an annualized basis and a yield of 2.02%. The ex-dividend date of this dividend was Thursday, May 16th. Honeywell International’s payout ratio is currently 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.