PFG Investments LLC Purchases 7,050 Shares of Honeywell International Inc. (NASDAQ:HON)

PFG Investments LLC raised its position in Honeywell International Inc. (NASDAQ:HON - Free Report) by 213.0% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 10,360 shares of the conglomerate's stock after acquiring an additional 7,050 shares during the period. PFG Investments LLC's holdings in Honeywell International were worth $2,126,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD raised its stake 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 purchasing an additional 1,899,373 shares in the last quarter. Ameriprise Financial Inc. raised its stake in shares of Honeywell International by 5.2% during the 3rd quarter. Ameriprise Financial Inc. now owns 6,995,897 shares of the conglomerate's stock worth $1,292,307,000 after purchasing an additional 347,808 shares in the last quarter. Northern Trust Corp raised its stake in shares of Honeywell International by 0.3% during the 4th quarter. Northern Trust Corp now owns 6,451,134 shares of the conglomerate's stock worth $1,352,867,000 after purchasing an additional 17,591 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in Honeywell International by 1.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,621,544 shares of the conglomerate's stock valued at $759,474,000 after acquiring an additional 66,213 shares during the period. Finally, Barclays PLC raised its stake in Honeywell International by 57.3% in the 3rd quarter. Barclays PLC now owns 3,190,755 shares of the conglomerate's stock valued at $589,462,000 after acquiring an additional 1,162,518 shares during the period. Institutional investors own 75.91% of the company's stock.

Honeywell International Stock Performance

NASDAQ HON traded up $0.43 on Friday, reaching $193.45. The stock had a trading volume of 3,041,537 shares, compared to its average volume of 2,666,853. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.66 and a quick ratio of 0.93. The firm has a fifty day moving average of $198.18 and a two-hundred day moving average of $196.40. Honeywell International Inc. has a 1-year low of $174.88 and a 1-year high of $210.87. The company has a market cap of $125.97 billion, a P/E ratio of 22.42, a price-to-earnings-growth ratio of 2.21 and a beta of 1.02.

Honeywell International (NASDAQ:HON - Get Free Report) last released its earnings results 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 company 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 quarterly revenue was up 2.7% on a year-over-year basis. During the same period in the prior year, the firm posted $2.07 EPS. On average, equities research analysts anticipate that Honeywell International Inc. will post 9.96 EPS for the current year.

Honeywell International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were issued a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a dividend yield of 2.23%. The ex-dividend date was Thursday, February 29th. Honeywell International's dividend payout ratio (DPR) is currently 50.06%.

Insider Transactions at Honeywell International

In other news, Director Darius Adamczyk sold 25,500 shares of the stock in a transaction on Monday, February 12th. The stock was sold at an average price of $197.19, for a total transaction of $5,028,345.00. Following the sale, the director now directly owns 183,400 shares of the company's stock, valued at approximately $36,164,646. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.41% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on HON shares. Berenberg Bank upgraded Honeywell International from a "hold" rating to a "buy" rating and increased their price target for the company from $195.00 to $240.00 in a research note on Wednesday, March 6th. Deutsche Bank Aktiengesellschaft restated a "hold" rating and issued 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 dropped 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. Barclays increased their price target on Honeywell International from $230.00 to $232.00 and gave the company an "overweight" rating in a research note on Tuesday, April 2nd. Finally, StockNews.com cut Honeywell International from a "buy" rating to a "hold" rating in a research note on Friday. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $219.67.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.