Richardson Capital Management LLC Takes Position in Honeywell International Inc. (NASDAQ:HON)

Richardson Capital Management LLC acquired a new position in Honeywell International Inc. (NASDAQ:HON) in the 1st quarter, Holdings Channel.com reports. The institutional investor acquired 170 shares of the conglomerate’s stock, valued at approximately $35,000.

Several other hedge funds and other institutional investors have also bought and sold shares of HON. Scarborough Advisors LLC purchased a new stake in Honeywell International in the fourth quarter worth approximately $27,000. Altshuler Shaham Ltd purchased a new position in shares of Honeywell International in the 4th quarter worth $27,000. Rakuten Securities Inc. bought a new stake in shares of Honeywell International in the fourth quarter worth $31,000. Cordant Inc. purchased a new stake in Honeywell International during the fourth quarter valued at $31,000. Finally, Financial Connections Group Inc. bought a new position in Honeywell International in the fourth quarter valued at about $37,000. Institutional investors own 75.91% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on HON. Royal Bank of Canada reduced their price target 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. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $215.00 price target (down from $227.00) on shares of Honeywell International in a research report on Tuesday, April 16th. StockNews.com upgraded Honeywell International from a “hold” rating to a “buy” rating in a research note on Wednesday, May 15th. Berenberg Bank upgraded Honeywell International from a “hold” rating to a “buy” rating and lifted their target price for the company from $195.00 to $240.00 in a research report on Wednesday, March 6th. Finally, Daiwa America upgraded Honeywell International to a “moderate buy” rating in a research report on Wednesday, June 5th. Four equities 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 currently has a consensus rating of “Moderate Buy” and an average price target of $224.75.

Insider Buying and Selling at Honeywell International

In other Honeywell International news, CFO Gregory P. Lewis sold 25,209 shares of Honeywell International 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 completion of the transaction, the chief financial officer now directly owns 55,471 shares of the company’s stock, valued at $10,709,231.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Honeywell International news, CFO Gregory P. Lewis sold 25,209 shares of the firm’s stock in a transaction dated 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 sale, the chief financial officer now owns 55,471 shares of the company’s stock, valued at $10,709,231.26. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Darius Adamczyk sold 28,500 shares of the company’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 value of $5,812,860.00. Following the transaction, 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. Company insiders own 0.41% of the company’s stock.

Honeywell International Price Performance

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’s 50 day moving average price is $203.84 and its 200 day moving average price is $201.43. Honeywell International Inc. has a 12 month low of $174.88 and a 12 month high of $218.36. The stock 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 quick ratio of 1.28, a current ratio of 1.66 and a debt-to-equity ratio of 1.30.

Honeywell International (NASDAQ:HON) last released its quarterly 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 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 firm’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same quarter last year, the business posted $2.07 EPS. As a group, equities analysts predict that Honeywell International Inc. will post 10.11 earnings per share for the current year.

Honeywell International Dividend Announcement

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