Honeywell International Inc. (NASDAQ:HON) Shares Acquired by Crescent Sterling Ltd.

Crescent Sterling Ltd. lifted its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 25.4% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 7,682 shares of the conglomerate’s stock after acquiring an additional 1,558 shares during the period. Honeywell International accounts for approximately 1.4% of Crescent Sterling Ltd.’s investment portfolio, making the stock its 24th biggest holding. Crescent Sterling Ltd.’s holdings in Honeywell International were worth $1,577,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in HON. Altshuler Shaham Ltd purchased a new position in Honeywell International during the 4th quarter worth approximately $27,000. Scarborough Advisors LLC purchased a new position in Honeywell International during the 4th quarter worth approximately $27,000. Cordant Inc. purchased a new position in Honeywell International during the 4th quarter worth approximately $31,000. Rakuten Securities Inc. purchased a new position in Honeywell International during the 4th quarter worth approximately $31,000. Finally, Richardson Capital Management LLC purchased a new position in Honeywell International during the 1st quarter worth approximately $35,000. Institutional investors and hedge funds own 75.91% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on HON. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $215.00 price target (down previously from $227.00) on shares of Honeywell International in a research note on Tuesday, April 16th. Royal Bank of Canada lowered their target price on Honeywell International from $210.00 to $209.00 and set a “sector perform” rating on the stock in a research note on Friday, February 2nd. StockNews.com downgraded Honeywell International from a “buy” rating to a “hold” rating in a research note on Friday. Berenberg Bank upgraded Honeywell International from a “hold” rating to a “buy” rating and lifted their target price for the company from $195.00 to $240.00 in a research note on Wednesday, March 6th. Finally, Barclays lifted their target price on Honeywell International from $230.00 to $232.00 and gave the company an “overweight” rating in a research note on Tuesday, April 2nd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $215.71.

Insider Activity at Honeywell International

In related news, Director Darius Adamczyk sold 25,500 shares of Honeywell International stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $197.19, for a total value of $5,028,345.00. Following the sale, the director now directly owns 183,400 shares in the company, valued at $36,164,646. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 0.41% of the company’s stock.

Honeywell International Stock Performance

Shares of HON stock traded down $1.04 during midday trading on Tuesday, hitting $192.73. The company had a trading volume of 3,127,683 shares, compared to its average volume of 3,012,040. The company’s 50 day simple moving average is $197.99 and its 200 day simple moving average is $196.54. Honeywell International Inc. has a 52-week low of $174.88 and a 52-week high of $210.87. The stock has a market cap of $125.50 billion, a price-to-earnings ratio of 22.33, a PEG ratio of 2.21 and a beta of 1.02. 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 (NASDAQ:HON) last posted its quarterly 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. 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 the consensus estimate of $9.03 billion. During the same period in the previous year, the business earned $2.07 earnings per share. The company’s revenue for the quarter was up 2.7% compared to the same quarter last year. Research analysts anticipate that Honeywell International Inc. will post 9.96 earnings per share for the current fiscal year.

Honeywell International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 7th. Investors of record on Friday, May 17th will be paid a $1.08 dividend. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $4.32 dividend on an annualized basis and a dividend yield of 2.24%. Honeywell International’s dividend payout ratio (DPR) is presently 50.06%.

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.