Richardson Capital Management LLC Makes New $35,000 Investment in Honeywell International Inc. (NASDAQ:HON)

Richardson Capital Management LLC purchased a new position in shares of Honeywell International Inc. (NASDAQ:HON) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 170 shares of the conglomerate’s stock, valued at approximately $35,000.

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

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on HON. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $215.00 target price (down previously from $227.00) on shares of Honeywell International in a report on Tuesday, April 16th. Citigroup raised their target price on shares of Honeywell International from $243.00 to $244.00 and gave the company a “buy” rating in a research note on Tuesday, June 4th. Daiwa America upgraded shares of Honeywell International to a “moderate buy” rating in a research note on Wednesday, June 5th. StockNews.com upgraded shares of Honeywell International from a “hold” rating to a “buy” rating in a research note on Wednesday, May 15th. Finally, Royal Bank of Canada cut their target price on shares of Honeywell International from $222.00 to $218.00 and set a “sector perform” rating for the company in a research note on Tuesday, June 4th. Four 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 has a consensus rating of “Moderate Buy” and an average price target of $224.75.

Honeywell International Stock Performance

HON stock traded down $0.84 during mid-day trading on Friday, hitting $213.54. 4,804,816 shares of the company were exchanged, compared to its average volume of 2,832,742. Honeywell International Inc. has a 1-year low of $174.88 and a 1-year high of $218.36. The business has a 50 day simple moving average of $203.84 and a 200-day simple 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 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.

Honeywell International (NASDAQ:HON) last released its quarterly earnings results on Thursday, April 25th. The conglomerate reported $2.25 earnings per share (EPS) 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 the consensus estimate of $9.03 billion. Honeywell International had a return on equity of 35.88% and a net margin of 15.52%. The firm’s quarterly revenue was up 2.7% on a year-over-year basis. During the same period in the previous year, the company posted $2.07 EPS. On average, equities analysts forecast that Honeywell International Inc. will post 10.11 earnings per share for the current year.

Honeywell International Dividend Announcement

The firm also recently announced 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. The ex-dividend date 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 presently 50.06%.

Insider Activity

In related news, CFO Gregory P. Lewis sold 25,209 shares of the business’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $193.06, for a total value of $4,866,849.54. Following the completion of the transaction, the chief financial officer now 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 SEC, which can be accessed through the SEC website. In other Honeywell International news, CFO Gregory P. Lewis sold 25,209 shares of the firm’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $193.06, for a total value of $4,866,849.54. Following the sale, 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 document filed with the SEC, which is available at the SEC website. Also, 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 value of $5,812,860.00. Following the transaction, the director now directly 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 company insiders.

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.