Cetera Investment Advisers Boosts Holdings in Honeywell International Inc. (NASDAQ:HON)

Cetera Investment Advisers lifted its stake in Honeywell International Inc. (NASDAQ:HON) by 357.5% in the 1st quarter, Holdings Channel.com reports. The firm owned 235,402 shares of the conglomerate’s stock after buying an additional 183,945 shares during the quarter. Cetera Investment Advisers’ holdings in Honeywell International were worth $48,316,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of HON. Venturi Wealth Management LLC increased its holdings in Honeywell International by 3.1% in the 4th quarter. Venturi Wealth Management LLC now owns 2,897 shares of the conglomerate’s stock worth $608,000 after buying an additional 87 shares in the last quarter. Howland Capital Management LLC increased its holdings in Honeywell International by 22.7% in the 4th quarter. Howland Capital Management LLC now owns 2,323 shares of the conglomerate’s stock worth $487,000 after buying an additional 429 shares in the last quarter. Trust Point Inc. bought a new stake in Honeywell International in the 4th quarter worth about $3,085,000. WoodTrust Financial Corp increased its holdings in Honeywell International by 1.8% in the 4th quarter. WoodTrust Financial Corp now owns 24,354 shares of the conglomerate’s stock worth $5,107,000 after buying an additional 423 shares in the last quarter. Finally, Ballentine Partners LLC increased its holdings in Honeywell International by 2.5% in the 4th quarter. Ballentine Partners LLC now owns 23,101 shares of the conglomerate’s stock worth $4,845,000 after buying an additional 572 shares in the last quarter. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $215.00 price target (down from $227.00) on shares of Honeywell International in a research note on Tuesday, April 16th. UBS Group upgraded Honeywell International from a “sell” rating to a “neutral” rating and boosted their price target for the company from $175.00 to $215.00 in a research note on Monday, June 10th. Wells Fargo & Company cut their price target on Honeywell International from $220.00 to $215.00 and set an “equal weight” rating for the company in a research note on Friday, July 26th. Daiwa America upgraded Honeywell International to a “moderate buy” rating in a research note on Wednesday, June 5th. Finally, StockNews.com downgraded Honeywell International from a “buy” rating to a “hold” rating in a research note on Saturday. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $225.00.

Insider Buying and Selling

In related news, 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 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.41% of the stock is owned by insiders.

Honeywell International Stock Performance

Shares of NASDAQ:HON traded down $0.89 during mid-day trading on Friday, reaching $203.69. 3,377,778 shares of the company traded hands, compared to its average volume of 2,908,121. The company’s 50 day moving average price is $210.09 and its 200-day moving average price is $202.59. The firm has a market cap of $132.33 billion, a PE ratio of 23.60, a PEG ratio of 2.32 and a beta of 1.04. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.21 and a quick ratio of 0.91. Honeywell International Inc. has a 52 week low of $174.88 and a 52 week high of $220.79.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings data on Thursday, July 25th. The conglomerate reported $2.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.42 by $0.07. Honeywell International had a return on equity of 36.87% and a net margin of 15.49%. The company had revenue of $9.58 billion during the quarter, compared to the consensus estimate of $9.41 billion. During the same period in the previous year, the company posted $2.23 EPS. The firm’s revenue was up 4.7% on a year-over-year basis. On average, equities analysts expect that Honeywell International Inc. will post 10.14 EPS for the current fiscal year.

Honeywell International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 6th. Investors of record on Friday, August 16th will be issued a $1.08 dividend. The ex-dividend date of this dividend is Friday, August 16th. This represents a $4.32 dividend on an annualized basis and a yield of 2.12%. Honeywell International’s dividend payout ratio is presently 50.06%.

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.