Merit Financial Group LLC Sells 103 Shares of Honeywell International Inc. (NASDAQ:HON)

Merit Financial Group LLC lowered its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 0.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,630 shares of the conglomerate’s stock after selling 103 shares during the quarter. Merit Financial Group LLC’s holdings in Honeywell International were worth $6,214,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in the stock. Morton Capital Management LLC CA increased its stake in shares of Honeywell International by 0.9% in the 3rd quarter. Morton Capital Management LLC CA now owns 5,828 shares of the conglomerate’s stock worth $1,077,000 after acquiring an additional 50 shares during the last quarter. Wayfinding Financial LLC grew its holdings in shares of Honeywell International by 3.4% in the fourth quarter. Wayfinding Financial LLC now owns 1,515 shares of the conglomerate’s stock valued at $317,000 after purchasing an additional 50 shares during the period. Indiana Trust & Investment Management CO increased its position in Honeywell International by 0.9% during the fourth quarter. Indiana Trust & Investment Management CO now owns 5,563 shares of the conglomerate’s stock worth $1,167,000 after purchasing an additional 50 shares during the last quarter. River Street Advisors LLC raised its stake in Honeywell International by 2.0% during the fourth quarter. River Street Advisors LLC now owns 2,599 shares of the conglomerate’s stock worth $545,000 after purchasing an additional 50 shares during the period. Finally, Triton Wealth Management PLLC boosted its holdings in Honeywell International by 4.7% in the 4th quarter. Triton Wealth Management PLLC now owns 1,132 shares of the conglomerate’s stock valued at $233,000 after purchasing an additional 51 shares during the last quarter. Institutional investors own 75.91% of the company’s stock.

Honeywell International Stock Up 1.1 %

Honeywell International stock traded up $2.17 during trading on Friday, reaching $195.81. The stock had a trading volume of 2,251,099 shares, compared to its average volume of 3,035,006. The company has a quick ratio of 1.28, a current ratio of 1.66 and a debt-to-equity ratio of 1.30. 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 $127.51 billion, a PE ratio of 22.69, a P/E/G ratio of 2.25 and a beta of 1.02. The business has a 50 day moving average price of $197.76 and a 200 day moving average price of $196.51.

Honeywell International (NASDAQ:HON) last released its quarterly earnings data on Thursday, April 25th. The conglomerate reported $2.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.17 by $0.08. The business had revenue of $9.11 billion during the quarter, compared to analysts’ expectations of $9.03 billion. Honeywell International had a net margin of 15.52% and a return on equity of 35.88%. The company’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same period in the previous year, the company earned $2.07 EPS. On average, analysts predict that Honeywell International Inc. will post 9.94 EPS for the current year.

Honeywell International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 7th. Shareholders of record on Friday, May 17th will be issued a dividend of $1.08 per share. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $4.32 dividend on an annualized basis and a yield of 2.21%. Honeywell International’s payout ratio is currently 50.06%.

Analysts Set New Price Targets

HON has been the topic of several analyst reports. StockNews.com lowered shares of Honeywell International from a “buy” rating to a “hold” rating in a research report on Thursday. Royal Bank of Canada decreased their price target 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. Berenberg Bank raised Honeywell International from a “hold” rating to a “buy” rating and raised their price objective for the stock from $195.00 to $240.00 in a research report on Wednesday, March 6th. Barclays upped their target price on shares of Honeywell International from $230.00 to $232.00 and gave the company an “overweight” rating in a research report on Tuesday, April 2nd. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $215.00 price target (down from $227.00) on shares of Honeywell International in a research report on Tuesday, April 16th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, Honeywell International presently has an average rating of “Hold” and a consensus target price of $215.71.

Insider Transactions at Honeywell International

In related news, CFO Gregory P. Lewis sold 25,209 shares of the business’s stock in a transaction 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 directly owns 55,471 shares of the company’s stock, valued at $10,709,231.26. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, Director Darius Adamczyk sold 25,500 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $197.19, for a total transaction of $5,028,345.00. Following the transaction, the director now directly owns 183,400 shares in the company, valued at $36,164,646. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Gregory P. Lewis sold 25,209 shares of Honeywell International stock in a transaction on Monday, April 29th. The shares were 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 disclosure for this sale can be found here. Insiders own 0.41% of the company’s stock.

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.