KRS Capital Management LLC Decreases Position in Honeywell International Inc. (NASDAQ:HON)

KRS Capital Management LLC cut its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 5.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,895 shares of the conglomerate’s stock after selling 432 shares during the period. Honeywell International accounts for about 1.3% of KRS Capital Management LLC’s portfolio, making the stock its 14th biggest position. KRS Capital Management LLC’s holdings in Honeywell International were worth $1,621,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Altshuler Shaham Ltd bought a new position in Honeywell International in the fourth quarter worth approximately $27,000. Scarborough Advisors LLC bought a new position in Honeywell International in the fourth quarter worth approximately $27,000. Cordant Inc. bought a new position in Honeywell International in the fourth quarter worth approximately $31,000. Rakuten Securities Inc. bought a new position in Honeywell International in the fourth quarter worth approximately $31,000. Finally, Financial Connections Group Inc. bought a new position in Honeywell International in the fourth quarter worth approximately $37,000. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

HON has been the subject of a number of analyst reports. Daiwa America upgraded Honeywell International to a “moderate buy” rating in a report on Wednesday, June 5th. Citigroup increased their price objective on Honeywell International from $243.00 to $244.00 and gave the company a “buy” rating in a report on Tuesday, June 4th. StockNews.com upgraded Honeywell International from a “hold” rating to a “buy” rating in a report on Wednesday, May 15th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $215.00 target price (down previously from $227.00) on shares of Honeywell International in a research note on Tuesday, April 16th. Finally, Barclays raised their target price on Honeywell International from $230.00 to $232.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 2nd. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $224.75.

Honeywell International Trading Down 0.4 %

HON stock opened at $213.54 on Friday. The company has a current ratio of 1.66, a quick ratio of 1.28 and a debt-to-equity ratio of 1.30. Honeywell International Inc. has a 12-month low of $174.88 and a 12-month high of $218.36. The stock has a market cap of $139.06 billion, a price-to-earnings ratio of 24.74, a PEG ratio of 2.23 and a beta of 1.03. The business’s 50-day moving average is $203.84 and its 200 day moving average is $201.43.

Honeywell International (NASDAQ:HON) last released its earnings results on Thursday, April 25th. The conglomerate reported $2.25 earnings per share for the quarter, topping analysts’ consensus estimates of $2.17 by $0.08. Honeywell International had a net margin of 15.52% and a return on equity of 35.88%. The business had revenue of $9.11 billion for the quarter, compared to analyst estimates of $9.03 billion. During the same period last year, the company posted $2.07 EPS. The business’s revenue was up 2.7% on a year-over-year basis. On average, sell-side analysts anticipate that Honeywell International Inc. will post 10.19 EPS for the current fiscal year.

Honeywell International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 7th. Stockholders of record on Friday, May 17th were given a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a dividend yield of 2.02%. The ex-dividend date was Thursday, May 16th. Honeywell International’s payout ratio is presently 50.06%.

Insider Activity

In other news, CFO Gregory P. Lewis sold 25,209 shares of Honeywell International stock in a transaction that occurred 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 sale, the chief financial officer now owns 55,471 shares of the company’s stock, valued at approximately $10,709,231.26. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, Director Darius Adamczyk sold 28,500 shares of Honeywell International 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 owns 203,510 shares in the company, valued at approximately $41,507,899.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Gregory P. Lewis sold 25,209 shares of the business’s stock in a transaction on Monday, April 29th. The stock was 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 owns 55,471 shares of the company’s stock, valued at approximately $10,709,231.26. The disclosure for this sale can be found here. Corporate insiders own 0.41% of the company’s stock.

About Honeywell International

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.