Guidance Capital Inc. Lowers Position in Honeywell International Inc. (NASDAQ:HON)

Guidance Capital Inc. reduced its stake in Honeywell International Inc. (NASDAQ:HON) by 25.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,209 shares of the conglomerate’s stock after selling 404 shares during the period. Guidance Capital Inc.’s holdings in Honeywell International were worth $235,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of HON. Price T Rowe Associates Inc. MD boosted its stake in shares of Honeywell International by 32.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 7,840,959 shares of the conglomerate’s stock valued at $1,644,328,000 after purchasing an additional 1,899,373 shares during the period. International Assets Investment Management LLC grew its stake in shares of Honeywell International by 6,557.2% in the fourth quarter. International Assets Investment Management LLC now owns 940,661 shares of the conglomerate’s stock worth $197,266,000 after acquiring an additional 926,531 shares in the last quarter. Adage Capital Partners GP L.L.C. grew its stake in shares of Honeywell International by 51.3% in the third quarter. Adage Capital Partners GP L.L.C. now owns 1,874,877 shares of the conglomerate’s stock worth $346,365,000 after acquiring an additional 636,104 shares in the last quarter. Capital Research Global Investors increased its position in shares of Honeywell International by 20.4% during the fourth quarter. Capital Research Global Investors now owns 3,189,925 shares of the conglomerate’s stock worth $668,959,000 after acquiring an additional 539,644 shares during the period. Finally, California Public Employees Retirement System raised its stake in shares of Honeywell International by 27.5% in the fourth quarter. California Public Employees Retirement System now owns 1,739,695 shares of the conglomerate’s stock valued at $364,831,000 after acquiring an additional 375,158 shares in the last quarter. Institutional investors and hedge funds own 75.91% of the company’s stock.

Insider Buying and Selling

In other news, 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 value of $5,812,860.00. Following the completion of the transaction, the director now owns 203,510 shares of the company’s stock, valued at $41,507,899.60. 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 firm’s stock in a transaction 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 transaction, the chief financial officer now 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 SEC, which is accessible through this hyperlink. Also, Director Darius Adamczyk sold 28,500 shares of the company’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 directly owns 203,510 shares of the company’s stock, valued at $41,507,899.60. The disclosure for this sale can be found here. 0.41% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Berenberg Bank raised Honeywell International from a “hold” rating to a “buy” rating and increased their target price for the company from $195.00 to $240.00 in a report on Wednesday, March 6th. StockNews.com upgraded Honeywell International from a “hold” rating to a “buy” rating in a research note on Wednesday, May 15th. Barclays increased their price target on shares of Honeywell International from $230.00 to $232.00 and gave the company an “overweight” rating in a research note on Tuesday, April 2nd. UBS Group upgraded shares of Honeywell International from a “sell” rating to a “neutral” rating and boosted their price objective for the stock from $175.00 to $215.00 in a research report on Monday, June 10th. 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 given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $224.75.

Honeywell International Price Performance

Shares of NASDAQ:HON traded down $0.84 on Friday, reaching $213.54. 4,804,816 shares of the company were exchanged, compared to its average volume of 2,832,742. The company has a 50-day moving average of $203.84 and a 200-day moving average 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. The firm has a market cap 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 Inc. has a 1-year low of $174.88 and a 1-year high of $218.36.

Honeywell International (NASDAQ:HON) last released its quarterly earnings data 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 firm had revenue of $9.11 billion during the quarter, compared to the consensus estimate of $9.03 billion. Honeywell International had a return on equity of 35.88% and a net margin of 15.52%. Honeywell International’s quarterly revenue was up 2.7% on a year-over-year basis. During the same period last year, the business posted $2.07 EPS. Equities analysts forecast that Honeywell International Inc. will post 10.19 earnings per share for the current fiscal year.

Honeywell International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 7th. Investors of record on Friday, May 17th were paid 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 of this dividend was Thursday, May 16th. Honeywell International’s 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.