Fidelity D & D Bancorp Inc. Trims Stake in Honeywell International Inc. (NASDAQ:HON)

Fidelity D & D Bancorp Inc. lowered its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 5.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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.

Several other hedge funds have also bought and sold shares of the business. Dark Forest Capital Management LP bought a new position in shares of Honeywell International in the third quarter worth approximately $352,000. Mather Group LLC. lifted its stake in shares of Honeywell International by 36.6% in the third quarter. Mather Group LLC. now owns 7,140 shares of the conglomerate’s stock worth $1,319,000 after buying an additional 1,912 shares in the last quarter. Bank of Nova Scotia lifted its stake in shares of Honeywell International by 162.3% in the third quarter. Bank of Nova Scotia now owns 232,209 shares of the conglomerate’s stock worth $42,898,000 after buying an additional 143,683 shares in the last quarter. Cape Cod Five Cents Savings Bank lifted its stake in shares of Honeywell International by 85.5% in the third quarter. Cape Cod Five Cents Savings Bank now owns 6,854 shares of the conglomerate’s stock worth $1,266,000 after buying an additional 3,160 shares in the last quarter. Finally, CWA Asset Management Group LLC lifted its stake in shares of Honeywell International by 5.9% in the third quarter. CWA Asset Management Group LLC now owns 5,526 shares of the conglomerate’s stock worth $1,021,000 after buying an additional 307 shares in the last quarter. Institutional investors own 75.91% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Citigroup boosted their price objective on shares of Honeywell International from $243.00 to $244.00 and gave the company a “buy” rating in a report on Tuesday, June 4th. Barclays upped their target price on shares of Honeywell International from $230.00 to $232.00 and gave the company an “overweight” rating in a report on Tuesday, April 2nd. UBS Group raised shares of Honeywell International from a “sell” rating to a “neutral” rating and increased their price objective for the stock from $175.00 to $215.00 in a research note on Monday, June 10th. Daiwa America raised shares of Honeywell International to a “moderate buy” rating in a research note on Wednesday, June 5th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $215.00 price objective (down from $227.00) on shares of Honeywell International in a research note on Tuesday, April 16th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $224.75.

Insider Activity

In other news, CFO Gregory P. Lewis sold 25,209 shares of the business’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 in the company, valued at approximately $10,709,231.26. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related 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 transaction of $4,866,849.54. Following the completion of the transaction, the chief financial officer now owns 55,471 shares in the company, valued at approximately $10,709,231.26. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Darius Adamczyk sold 28,500 shares of the business’s 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 transaction, the director now 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. Company insiders own 0.41% of the company’s stock.

Honeywell International Trading Down 0.4 %

Shares of HON stock traded down $0.84 during trading hours on Friday, reaching $213.54. 4,804,816 shares of the stock were exchanged, compared to its average volume of 2,832,742. Honeywell International Inc. has a 12-month low of $174.88 and a 12-month high of $218.36. The company has a current ratio of 1.66, a quick ratio of 1.28 and a debt-to-equity ratio of 1.30. The company’s 50-day moving average price is $203.84 and its 200-day moving average price is $201.43. The firm has a market capitalization of $139.05 billion, a price-to-earnings ratio of 24.74, a price-to-earnings-growth ratio of 2.23 and a beta of 1.03.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings data on Thursday, April 25th. The conglomerate reported $2.25 earnings per share for the quarter, beating analysts’ consensus estimates of $2.17 by $0.08. Honeywell International had a net margin of 15.52% and a return on equity of 35.88%. The company had revenue of $9.11 billion during the quarter, compared to analyst estimates of $9.03 billion. During the same quarter last year, the business posted $2.07 EPS. The firm’s revenue for the quarter was up 2.7% on a year-over-year basis. As a group, equities analysts anticipate that Honeywell International Inc. will post 10.19 earnings per share for the current year.

Honeywell International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 7th. Stockholders of record on Friday, May 17th were issued a $1.08 dividend. The ex-dividend date of this dividend 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%.

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.