105,400 Shares in Honeywell International Inc. (NASDAQ:HON) Purchased by Oribel Capital Management LP

Oribel Capital Management LP purchased a new position in Honeywell International Inc. (NASDAQ:HON) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 105,400 shares of the conglomerate’s stock, valued at approximately $22,103,000. Honeywell International accounts for about 1.5% of Oribel Capital Management LP’s investment portfolio, making the stock its 16th biggest holding.

Other large investors also recently bought and sold shares of the company. Altshuler Shaham Ltd purchased a new stake in Honeywell International during the 4th quarter worth approximately $27,000. Rakuten Securities Inc. purchased a new stake in Honeywell International during the 4th quarter worth approximately $31,000. Cordant Inc. purchased a new stake in Honeywell International during the 4th quarter worth approximately $31,000. Financial Connections Group Inc. purchased a new stake in Honeywell International during the 4th quarter worth approximately $37,000. Finally, Atlantic Edge Private Wealth Management LLC purchased a new stake in Honeywell International during the 4th quarter worth approximately $45,000. 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 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 owns 203,510 shares of the company’s stock, valued at approximately $41,507,899.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 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 owns 203,510 shares of the company’s stock, valued at approximately $41,507,899.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Gregory P. Lewis sold 25,209 shares of the business’s stock in a transaction that occurred 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 directly owns 55,471 shares in the company, valued at approximately $10,709,231.26. The disclosure for this sale can be found here. Corporate insiders own 0.41% of the company’s stock.

Honeywell International Stock Down 0.9 %

Shares of NASDAQ HON traded down $1.94 during mid-day trading on Tuesday, hitting $208.80. The company had a trading volume of 710,750 shares, compared to its average volume of 2,898,751. The company has a market capitalization of $135.97 billion, a PE ratio of 24.42, a price-to-earnings-growth ratio of 2.22 and a beta of 1.03. The business’s 50-day simple moving average is $199.10 and its 200 day simple moving average is $199.91. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.66 and a quick ratio of 1.28. Honeywell International Inc. has a 1-year low of $174.88 and a 1-year high of $211.06.

Honeywell International (NASDAQ:HON) last posted its earnings results on Thursday, April 25th. The conglomerate reported $2.25 EPS for the quarter, beating the consensus estimate of $2.17 by $0.08. The firm had revenue of $9.11 billion for the quarter, compared to analyst estimates of $9.03 billion. Honeywell International had a return on equity of 35.88% and a net margin of 15.52%. Honeywell International’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.07 earnings per share. On average, analysts predict that Honeywell International Inc. will post 10.24 earnings per share for the current year.

Honeywell International Dividend Announcement

The company also recently disclosed 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 annualized dividend and a dividend yield of 2.07%. The ex-dividend date of this dividend was Thursday, May 16th. Honeywell International’s payout ratio is 50.06%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on HON shares. UBS Group upgraded Honeywell International from a “sell” rating to a “neutral” rating and upped their price target for the company from $175.00 to $215.00 in a research report on Monday. 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. Royal Bank of Canada decreased their price target on Honeywell International from $222.00 to $218.00 and set a “sector perform” rating on the stock in a research note on Tuesday, June 4th. Berenberg Bank upgraded Honeywell International from a “hold” rating to a “buy” rating and upped their price target for the stock from $195.00 to $240.00 in a research note on Wednesday, March 6th. Finally, StockNews.com upgraded Honeywell International from a “hold” rating to a “buy” rating in a research note on Wednesday, May 15th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, Honeywell International presently has an average rating of “Moderate Buy” and a consensus price target of $224.75.

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.