SRN Advisors LLC Has $881,000 Stake in Honeywell International Inc. (NASDAQ:HON)

SRN Advisors LLC grew its holdings in Honeywell International Inc. (NASDAQ:HON) by 5.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,290 shares of the conglomerate’s stock after buying an additional 204 shares during the period. SRN Advisors LLC’s holdings in Honeywell International were worth $881,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Jackson Wealth Management LLC lifted its position in shares of Honeywell International by 12.6% in the first quarter. Jackson Wealth Management LLC now owns 4,359 shares of the conglomerate’s stock valued at $895,000 after buying an additional 487 shares during the last quarter. Cypress Asset Management Inc. TX lifted its holdings in Honeywell International by 2.7% during the 1st quarter. Cypress Asset Management Inc. TX now owns 26,048 shares of the conglomerate’s stock worth $5,490,000 after purchasing an additional 681 shares during the last quarter. OMC Financial Services LTD acquired a new stake in Honeywell International during the 1st quarter worth approximately $208,000. EverSource Wealth Advisors LLC lifted its holdings in Honeywell International by 17.9% during the 1st quarter. EverSource Wealth Advisors LLC now owns 2,448 shares of the conglomerate’s stock worth $472,000 after purchasing an additional 371 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale lifted its holdings in Honeywell International by 37.1% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 675,758 shares of the conglomerate’s stock worth $139,173,000 after purchasing an additional 182,834 shares during the last quarter. 75.91% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Darius Adamczyk sold 28,500 shares of the business’s stock in a transaction 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 sale, the director now owns 203,510 shares in the company, valued at approximately $41,507,899.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.41% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on HON. Royal Bank of Canada dropped their price target on Honeywell International from $218.00 to $214.00 and set a “sector perform” rating for the company in a report on Friday, July 26th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $215.00 price objective (down from $227.00) on shares of Honeywell International in a report on Tuesday, April 16th. UBS Group raised Honeywell International from a “sell” rating to a “neutral” rating and lifted their price objective for the company from $175.00 to $215.00 in a report on Monday, June 10th. Wells Fargo & Company dropped their price objective on Honeywell International from $220.00 to $215.00 and set an “equal weight” rating for the company in a report on Friday, July 26th. Finally, Daiwa America raised Honeywell International to a “moderate buy” rating in a report on Wednesday, June 5th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $225.00.

Honeywell International Price Performance

Shares of HON traded down $0.89 during midday trading on Friday, hitting $203.69. The company’s stock had a trading volume of 3,377,778 shares, compared to its average volume of 2,908,121. Honeywell International Inc. has a one year low of $174.88 and a one year high of $220.79. The company’s fifty day simple moving average is $210.09 and its two-hundred day simple moving average is $202.62. The company has a quick ratio of 0.91, a current ratio of 1.21 and a debt-to-equity ratio of 1.19. The stock has a market capitalization of $132.33 billion, a price-to-earnings ratio of 23.60, a price-to-earnings-growth ratio of 2.32 and a beta of 1.04.

Honeywell International (NASDAQ:HON) last issued its quarterly earnings results on Thursday, July 25th. The conglomerate reported $2.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.42 by $0.07. The company had revenue of $9.58 billion for the quarter, compared to analyst estimates of $9.41 billion. Honeywell International had a return on equity of 36.87% and a net margin of 15.49%. The company’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter last year, the company posted $2.23 EPS. As a group, equities analysts expect that Honeywell International Inc. will post 10.14 earnings per share for the current fiscal year.

Honeywell International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 6th. Investors of record on Friday, August 16th will be given a dividend of $1.08 per share. The ex-dividend date of this dividend is Friday, August 16th. This represents a $4.32 dividend on an annualized basis and a yield of 2.12%. Honeywell International’s dividend payout ratio is currently 50.06%.

Honeywell International 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.