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Factory Mutual Insurance Co. Sells 7,100 Shares of Honeywell International Inc. (NASDAQ:HON)

Honeywell International logo with Multi-Sector Conglomerates background

Factory Mutual Insurance Co. decreased its holdings in Honeywell International Inc. (NASDAQ:HON - Free Report) by 2.6% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 264,100 shares of the conglomerate's stock after selling 7,100 shares during the quarter. Factory Mutual Insurance Co.'s holdings in Honeywell International were worth $54,207,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Scarborough Advisors LLC acquired a new position in shares of Honeywell International in the 4th quarter valued at approximately $27,000. Altshuler Shaham Ltd acquired a new position in shares of Honeywell International in the 4th quarter valued at approximately $27,000. Rakuten Securities Inc. acquired a new position in shares of Honeywell International in the 4th quarter valued at approximately $31,000. Cordant Inc. acquired a new position in shares of Honeywell International in the 4th quarter valued at approximately $31,000. Finally, Financial Connections Group Inc. acquired a new position in shares of Honeywell International in the 4th quarter valued at approximately $37,000. Institutional investors and hedge funds own 75.91% of the company's stock.

Insiders Place Their Bets

In related news, Director Darius Adamczyk sold 28,500 shares of Honeywell International stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $203.96, for a total value of $5,812,860.00. Following the completion of 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 legal filing with the SEC, which is available at this hyperlink. In related news, CFO Gregory P. Lewis sold 25,209 shares of Honeywell International stock in a transaction dated 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 completion of the sale, the chief financial officer now owns 55,471 shares of the company's stock, valued at approximately $10,709,231.26. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Darius Adamczyk sold 28,500 shares of the firm's stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $203.96, for a total value of $5,812,860.00. Following the completion of 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. Company insiders own 0.41% of the company's stock.


Honeywell International Stock Down 0.7 %

HON traded down $1.44 during trading on Tuesday, hitting $214.45. 2,970,148 shares of the company's stock were exchanged, compared to its average volume of 2,945,442. The business's 50 day moving average is $202.53 and its two-hundred day moving average is $201.17. The stock has a market cap of $139.65 billion, a P/E ratio of 24.85, a PEG ratio of 2.29 and a beta of 1.03. 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 fifty-two week low of $174.88 and a fifty-two week high of $218.36.

Honeywell International (NASDAQ:HON - Get Free Report) last announced 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 company had revenue of $9.11 billion during the quarter, compared to the consensus estimate of $9.03 billion. Honeywell International had a net margin of 15.52% and a return on equity of 35.88%. The firm's revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.07 earnings per share. As a group, equities analysts expect that Honeywell International Inc. will post 10.23 earnings per share for the current fiscal 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 yield of 2.01%. The ex-dividend date was Thursday, May 16th. Honeywell International's dividend payout ratio (DPR) is 50.06%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on HON shares. Berenberg Bank upgraded shares of Honeywell International from a "hold" rating to a "buy" rating and upped their price objective for the stock from $195.00 to $240.00 in a research report on Wednesday, March 6th. Citigroup boosted their target price on shares of Honeywell International from $243.00 to $244.00 and gave the stock a "buy" rating in a report on Tuesday, June 4th. Daiwa America raised shares of Honeywell International to a "moderate buy" rating in a report on Wednesday, June 5th. UBS Group raised shares of Honeywell International from a "sell" rating to a "neutral" rating and boosted their target price for the stock from $175.00 to $215.00 in a report on Monday, June 10th. Finally, Deutsche Bank Aktiengesellschaft reissued a "hold" rating and set a $215.00 target price (down from $227.00) on shares of Honeywell International in a report on Tuesday, April 16th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, Honeywell International currently has a consensus rating of "Moderate Buy" and a consensus target price of $224.75.

Get Our Latest Stock Report on Honeywell International

About Honeywell International

(Free Report)

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.

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Institutional Ownership by Quarter for Honeywell International (NASDAQ:HON)

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