Marietta Wealth Management LLC Increases Holdings in Honeywell International Inc. (NASDAQ:HON)

Marietta Wealth Management LLC increased its stake in shares of Honeywell International Inc. (NASDAQ:HONGet Rating) by 4.6% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 20,266 shares of the conglomerate’s stock after acquiring an additional 894 shares during the quarter. Marietta Wealth Management LLC’s holdings in Honeywell International were worth $3,943,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Baystate Wealth Management LLC grew its stake in shares of Honeywell International by 3.9% during the fourth quarter. Baystate Wealth Management LLC now owns 1,321 shares of the conglomerate’s stock valued at $276,000 after acquiring an additional 49 shares in the last quarter. Mcrae Capital Management Inc. grew its stake in shares of Honeywell International by 1.7% during the fourth quarter. Mcrae Capital Management Inc. now owns 3,009 shares of the conglomerate’s stock valued at $627,000 after acquiring an additional 50 shares in the last quarter. ARGI Investment Services LLC grew its stake in shares of Honeywell International by 0.6% during the fourth quarter. ARGI Investment Services LLC now owns 8,422 shares of the conglomerate’s stock valued at $1,756,000 after acquiring an additional 52 shares in the last quarter. Hoese & Co LLP grew its stake in shares of Honeywell International by 0.8% during the fourth quarter. Hoese & Co LLP now owns 6,818 shares of the conglomerate’s stock valued at $1,422,000 after acquiring an additional 54 shares in the last quarter. Finally, Montecito Bank & Trust grew its stake in shares of Honeywell International by 0.9% during the fourth quarter. Montecito Bank & Trust now owns 6,319 shares of the conglomerate’s stock valued at $1,317,000 after acquiring an additional 54 shares in the last quarter. 74.27% of the stock is owned by institutional investors.

HON has been the subject of several recent analyst reports. Wells Fargo & Company raised their target price on Honeywell International from $196.00 to $203.00 in a research note on Monday, May 2nd. Morgan Stanley reduced their price target on shares of Honeywell International from $216.00 to $194.00 and set an “equal weight” rating on the stock in a research report on Tuesday, May 31st. StockNews.com assumed coverage on shares of Honeywell International in a research report on Thursday, March 31st. They set a “hold” rating on the stock. TheStreet cut shares of Honeywell International from a “b” rating to a “c+” rating in a research report on Friday, April 29th. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on shares of Honeywell International from $243.00 to $230.00 and set a “buy” rating on the stock in a research report on Thursday, April 14th. Seven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $227.69.

In related news, CEO Darius Adamczyk sold 40,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 10th. The shares were sold at an average price of $194.52, for a total value of $7,780,800.00. Following the completion of the transaction, the chief executive officer now owns 165,015 shares of the company’s stock, valued at approximately $32,098,717.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.45% of the company’s stock.

HON opened at $177.30 on Wednesday. The business’s 50 day moving average is $191.71 and its 200-day moving average is $194.20. The stock has a market cap of $120.69 billion, a PE ratio of 23.97, a price-to-earnings-growth ratio of 2.15 and a beta of 1.05. The company has a current ratio of 1.21, a quick ratio of 0.94 and a debt-to-equity ratio of 0.66. Honeywell International Inc. has a twelve month low of $174.42 and a twelve month high of $236.86.

Honeywell International (NASDAQ:HONGet Rating) last released its quarterly earnings results on Friday, April 29th. The conglomerate reported $1.91 earnings per share for the quarter, beating analysts’ consensus estimates of $1.86 by $0.05. Honeywell International had a return on equity of 30.04% and a net margin of 15.30%. The company had revenue of $8.38 billion for the quarter, compared to analysts’ expectations of $8.29 billion. During the same quarter in the previous year, the company posted $1.92 earnings per share. The business’s revenue for the quarter was down .9% compared to the same quarter last year. As a group, analysts forecast that Honeywell International Inc. will post 8.68 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 3rd. Investors of record on Friday, May 13th were paid a $0.98 dividend. This represents a $3.92 dividend on an annualized basis and a yield of 2.21%. The ex-dividend date was Thursday, May 12th. Honeywell International’s dividend payout ratio is 52.06%.

Honeywell International Company Profile (Get Rating)

Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. Its 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; thermal systems, as well as wireless connectivity and management services.

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

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