Talbot Financial LLC Purchases 1,669 Shares of Honeywell International Inc. (NASDAQ:HON)

Talbot Financial LLC raised its position in shares of Honeywell International Inc. (NASDAQ:HON) by 3.0% during the 1st quarter, HoldingsChannel.com reports. The fund owned 57,708 shares of the conglomerate’s stock after acquiring an additional 1,669 shares during the period. Honeywell International makes up approximately 1.6% of Talbot Financial LLC’s holdings, making the stock its 23rd largest holding. Talbot Financial LLC’s holdings in Honeywell International were worth $11,845,000 as of its most recent filing with the SEC.

Other hedge funds have also recently made changes to their positions in the company. Industrial Alliance Investment Management Inc. boosted its position in shares of Honeywell International by 1,205.8% in the 3rd quarter. Industrial Alliance Investment Management Inc. now owns 3,395 shares of the conglomerate’s stock worth $627,000 after purchasing an additional 3,135 shares in the last quarter. Jag Capital Management LLC boosted its position in shares of Honeywell International by 40.8% in the 3rd quarter. Jag Capital Management LLC now owns 1,619 shares of the conglomerate’s stock worth $299,000 after purchasing an additional 469 shares in the last quarter. Torray Investment Partners LLC boosted its position in shares of Honeywell International by 0.3% in the 4th quarter. Torray Investment Partners LLC now owns 58,708 shares of the conglomerate’s stock worth $12,312,000 after purchasing an additional 190 shares in the last quarter. Shulman DeMeo Asset Management LLC boosted its position in shares of Honeywell International by 11.1% in the 4th quarter. Shulman DeMeo Asset Management LLC now owns 1,686 shares of the conglomerate’s stock worth $354,000 after purchasing an additional 169 shares in the last quarter. Finally, Boyd Watterson Asset Management LLC OH boosted its position in shares of Honeywell International by 0.3% in the 4th quarter. Boyd Watterson Asset Management LLC OH now owns 26,817 shares of the conglomerate’s stock worth $5,624,000 after purchasing an additional 89 shares in the last quarter. 75.91% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on HON. Daiwa America raised Honeywell International to a “moderate buy” rating in a research report on Wednesday, June 5th. Citigroup boosted their price objective on shares of Honeywell International from $243.00 to $244.00 and gave the stock a “buy” rating in a report on Tuesday, June 4th. StockNews.com upgraded shares of Honeywell International from a “hold” rating to a “buy” rating in a report on Wednesday, May 15th. Royal Bank of Canada decreased their price objective on shares of Honeywell International from $222.00 to $218.00 and set a “sector perform” rating for the company in a report on Tuesday, June 4th. Finally, Berenberg Bank upgraded shares of Honeywell International from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $195.00 to $240.00 in a report on Wednesday, March 6th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $224.75.

Honeywell International Stock Performance

HON traded down $2.59 during mid-day trading on Monday, reaching $210.95. 2,147,267 shares of the company traded hands, compared to its average volume of 2,939,505. The stock has a market capitalization of $137.37 billion, a P/E ratio of 24.46, a P/E/G ratio of 2.23 and a beta of 1.04. The company has a quick ratio of 1.28, a current ratio of 1.66 and a debt-to-equity ratio of 1.30. The company’s fifty day moving average price is $203.84 and its 200-day moving average price is $201.42. Honeywell International Inc. has a 52-week low of $174.88 and a 52-week high of $218.36.

Honeywell International (NASDAQ:HON) last announced its 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. The business had revenue of $9.11 billion during the quarter, compared to analyst estimates of $9.03 billion. Honeywell International had a net margin of 15.52% and a return on equity of 35.88%. The company’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same period in the previous year, the business earned $2.07 EPS. On average, sell-side analysts expect that Honeywell International Inc. will post 10.11 EPS for the current year.

Honeywell International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 7th. Stockholders of record on Friday, May 17th were paid a $1.08 dividend. The ex-dividend date was Thursday, May 16th. This represents a $4.32 annualized dividend and a dividend yield of 2.05%. Honeywell International’s dividend payout ratio (DPR) is 50.06%.

Insider Transactions at Honeywell International

In other news, 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 value of $5,812,860.00. Following the completion of the sale, the director now directly owns 203,510 shares in the company, valued at approximately $41,507,899.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Darius Adamczyk sold 28,500 shares of the company’s stock in a transaction 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 approximately $41,507,899.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Gregory P. Lewis sold 25,209 shares of the company’s stock in a transaction on Monday, April 29th. The stock was 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 disclosure for this sale can be found here. 0.41% of the stock is currently owned by company insiders.

About Honeywell International

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.