Valeo Financial Advisors LLC Lowers Holdings in Honeywell International Inc. (NASDAQ:HON)

Valeo Financial Advisors LLC lowered its position in shares of Honeywell International Inc. (NASDAQ:HON) by 1.6% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 22,295 shares of the conglomerate’s stock after selling 370 shares during the quarter. Valeo Financial Advisors LLC’s holdings in Honeywell International were worth $4,576,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Price T Rowe Associates Inc. MD lifted its holdings in shares of Honeywell International by 32.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 7,840,959 shares of the conglomerate’s stock worth $1,644,328,000 after acquiring an additional 1,899,373 shares during the period. International Assets Investment Management LLC lifted its holdings in Honeywell International by 6,557.2% in the 4th quarter. International Assets Investment Management LLC now owns 940,661 shares of the conglomerate’s stock worth $197,266,000 after buying an additional 926,531 shares in the last quarter. Adage Capital Partners GP L.L.C. grew its position in shares of Honeywell International by 51.3% during 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 buying an additional 636,104 shares in the last quarter. Capital Research Global Investors raised its stake in Honeywell International by 20.4% during the fourth quarter. Capital Research Global Investors now owns 3,189,925 shares of the conglomerate’s stock valued at $668,959,000 after buying an additional 539,644 shares in the last quarter. Finally, California Public Employees Retirement System lifted its holdings in Honeywell International by 27.5% during the 4th quarter. California Public Employees Retirement System now owns 1,739,695 shares of the conglomerate’s stock worth $364,831,000 after buying an additional 375,158 shares during the last quarter. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Insider Buying and Selling at Honeywell International

In other Honeywell International news, CFO Gregory P. Lewis sold 25,209 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the chief financial officer now owns 55,471 shares of the company’s stock, valued at $10,709,231.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CFO Gregory P. Lewis sold 25,209 shares of the stock in a transaction dated 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 in the company, valued at $10,709,231.26. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Darius Adamczyk sold 28,500 shares of the 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 transaction, 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. Corporate insiders own 0.41% of the company’s stock.

Honeywell International Price Performance

Shares of HON stock traded down $0.77 during trading hours on Wednesday, reaching $212.46. 1,080,966 shares of the company were exchanged, compared to its average volume of 2,916,762. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.66 and a quick ratio of 1.28. The company has a market cap of $138.35 billion, a price-to-earnings ratio of 24.67, a P/E/G ratio of 2.23 and a beta of 1.04. The stock’s fifty day moving average is $204.49 and its two-hundred day moving average is $201.54. Honeywell International Inc. has a fifty-two week low of $174.88 and a fifty-two week high of $218.36.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings data on Thursday, April 25th. The conglomerate reported $2.25 EPS for the quarter, beating analysts’ consensus estimates of $2.17 by $0.08. Honeywell International had a return on equity of 35.88% and a net margin of 15.52%. The firm had revenue of $9.11 billion for the quarter, compared to analyst estimates of $9.03 billion. During the same period last year, the company earned $2.07 EPS. The business’s quarterly revenue was up 2.7% compared to the same quarter last year. Sell-side analysts forecast that Honeywell International Inc. will post 10.11 earnings per share for the current fiscal year.

Honeywell International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 7th. Shareholders 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 yield of 2.03%. The ex-dividend date of this dividend was Thursday, May 16th. Honeywell International’s dividend payout ratio is presently 50.06%.

Analyst Ratings Changes

A number of brokerages have weighed in on HON. Barclays increased their target price on shares of Honeywell International from $230.00 to $232.00 and gave the stock an “overweight” rating in a report on Tuesday, April 2nd. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $215.00 price objective (down from $227.00) on shares of Honeywell International in a report on Tuesday, April 16th. StockNews.com upgraded Honeywell International from a “hold” rating to a “buy” rating in a research note on Wednesday, May 15th. UBS Group upgraded shares of Honeywell International from a “sell” rating to a “neutral” rating and raised their price objective for the stock from $175.00 to $215.00 in a research note on Monday, June 10th. Finally, Berenberg Bank upgraded shares of Honeywell International from a “hold” rating to a “buy” rating and lifted their price target for the stock from $195.00 to $240.00 in a research note on Wednesday, March 6th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $224.75.

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.