Honeywell International Inc. (NASDAQ:HON) Holdings Reduced by Pinnacle Bancorp Inc.

Pinnacle Bancorp Inc. decreased its position in Honeywell International Inc. (NASDAQ:HON) by 5.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,469 shares of the conglomerate’s stock after selling 195 shares during the period. Pinnacle Bancorp Inc.’s holdings in Honeywell International were worth $712,000 as of its most recent SEC filing.

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

Honeywell International Stock Performance

Honeywell International stock traded down $0.84 during mid-day trading on Friday, reaching $213.54. The company had a trading volume of 4,804,785 shares, compared to its average volume of 2,945,894. 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 Inc. has a 52 week low of $174.88 and a 52 week high of $218.36. The company has a 50 day moving average of $203.84 and a 200-day moving average of $201.43. The firm has a market cap of $139.06 billion, a price-to-earnings ratio of 24.74, a PEG ratio of 2.22 and a beta of 1.03.

Honeywell International (NASDAQ:HON) last issued its quarterly earnings results 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 firm had revenue of $9.11 billion during the quarter, compared to the consensus estimate of $9.03 billion. During the same period in the prior year, the firm earned $2.07 EPS. The business’s revenue was up 2.7% on a year-over-year basis. On average, sell-side analysts expect that Honeywell International Inc. will post 10.19 EPS for the current fiscal year.

Honeywell International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 7th. Stockholders of record on Friday, May 17th were issued a dividend of $1.08 per share. 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%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on HON shares. Daiwa America raised shares of Honeywell International to a “moderate buy” rating in a research note on Wednesday, June 5th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $215.00 target price (down from $227.00) on shares of Honeywell International in a research note on Tuesday, April 16th. Berenberg Bank upgraded shares of Honeywell International from a “hold” rating to a “buy” rating and upped their price target for the company from $195.00 to $240.00 in a research report on Wednesday, March 6th. UBS Group upgraded shares of Honeywell International from a “sell” rating to a “neutral” rating and upped their price target for the company from $175.00 to $215.00 in a research report on Monday, June 10th. Finally, Citigroup upped their price target on shares of Honeywell International from $243.00 to $244.00 and gave the company a “buy” rating in a research report on Tuesday, June 4th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $224.75.

Insider Transactions at Honeywell International

In other news, Director Darius Adamczyk sold 28,500 shares of the firm’s stock in a transaction dated 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CFO Gregory P. Lewis sold 25,209 shares of Honeywell International stock in a transaction dated 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 approximately $10,709,231.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Darius Adamczyk sold 28,500 shares of the firm’s stock in a transaction dated 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 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 owned by insiders.

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.