Honeywell International Inc. (NASDAQ:HON) Shares Purchased by Miracle Mile Advisors LLC

Miracle Mile Advisors LLC boosted its position in shares of Honeywell International Inc. (NASDAQ:HON) by 681.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 69,070 shares of the conglomerate’s stock after buying an additional 60,231 shares during the period. Miracle Mile Advisors LLC’s holdings in Honeywell International were worth $14,177,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. Scarborough Advisors LLC purchased a new stake in shares of Honeywell International in the fourth quarter valued at about $27,000. Altshuler Shaham Ltd purchased a new stake in Honeywell International in the fourth quarter valued at $27,000. Rakuten Securities Inc. acquired a new position in shares of Honeywell International in the 4th quarter valued at $31,000. Cordant Inc. purchased a new position in Honeywell International during the fourth quarter worth about $31,000. Finally, Richardson Capital Management LLC purchased a new position in shares of Honeywell International during the first quarter worth $35,000. Institutional investors and hedge funds own 75.91% of the company’s stock.

Honeywell International Price Performance

Honeywell International stock traded down $2.59 during trading hours on Monday, hitting $210.95. 2,147,232 shares of the company traded hands, compared to its average volume of 2,939,487. Honeywell International Inc. has a 1-year low of $174.88 and a 1-year high of $218.36. The company has a quick ratio of 1.28, a current ratio of 1.66 and a debt-to-equity ratio of 1.30. The firm has a market cap of $137.37 billion, a P/E ratio of 24.46, a P/E/G ratio of 2.23 and a beta of 1.04. The firm’s 50-day simple moving average is $203.84 and its two-hundred day simple moving average is $201.42.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings data on Thursday, April 25th. The conglomerate reported $2.25 EPS 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 company had revenue of $9.11 billion during the quarter, compared to the consensus estimate of $9.03 billion. During the same quarter in the prior year, the firm earned $2.07 EPS. The company’s quarterly revenue was up 2.7% compared to the same quarter last year. As a group, analysts forecast that Honeywell International Inc. will post 10.11 earnings per share for the current fiscal year.

Honeywell International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 7th. Investors of record on Friday, May 17th were issued a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a yield of 2.05%. The ex-dividend date was Thursday, May 16th. Honeywell International’s dividend payout ratio is presently 50.06%.

Wall Street Analyst Weigh In

HON has been the subject of a number of recent research reports. StockNews.com upgraded Honeywell International from a “hold” rating to a “buy” rating in a report on Wednesday, May 15th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $215.00 price target (down previously from $227.00) on shares of Honeywell International in a report on Tuesday, April 16th. Daiwa America raised shares of Honeywell International to a “moderate buy” rating in a research report on Wednesday, June 5th. Barclays increased their target price on Honeywell International from $230.00 to $232.00 and gave the company an “overweight” rating in a report on Tuesday, April 2nd. Finally, UBS Group upgraded shares of Honeywell International from a “sell” rating to a “neutral” rating and upped their target price for the company from $175.00 to $215.00 in a report on Monday, June 10th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Honeywell International presently has a consensus rating of “Moderate Buy” and a consensus target price of $224.75.

Insiders Place Their Bets

In other Honeywell International news, Director Darius Adamczyk sold 28,500 shares of the stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $203.96, for a total transaction of $5,812,860.00. Following the transaction, the director now owns 203,510 shares in the company, valued at $41,507,899.60. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Honeywell International news, CFO Gregory P. Lewis sold 25,209 shares of Honeywell International stock in a transaction that occurred on 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 transaction, the chief financial officer now directly owns 55,471 shares of the company’s stock, valued at approximately $10,709,231.26. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Darius Adamczyk sold 28,500 shares of the stock in a transaction that occurred on Wednesday, May 15th. The shares were 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 directly owns 203,510 shares of the company’s stock, valued at $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 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.