Priebe Wealth Holdings LLC Sells 1,809 Shares of Honeywell International Inc. (NASDAQ:HON)

Priebe Wealth Holdings LLC lessened its position in shares of Honeywell International Inc. (NASDAQ:HON) by 58.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,290 shares of the conglomerate’s stock after selling 1,809 shares during the period. Priebe Wealth Holdings LLC’s holdings in Honeywell International were worth $265,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in HON. Scarborough Advisors LLC acquired a new stake in shares of Honeywell International during the 4th quarter worth approximately $27,000. Altshuler Shaham Ltd bought 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 during the fourth quarter valued at about $31,000. Cordant Inc. bought a new position in shares of Honeywell International during the 4th quarter worth about $31,000. Finally, Financial Connections Group Inc. acquired a new stake in shares of Honeywell International in the 4th quarter valued at about $37,000. Institutional investors and hedge funds own 75.91% of the company’s stock.

Insider Transactions at Honeywell International

In other news, Director Darius Adamczyk sold 28,500 shares of Honeywell International stock in a transaction that occurred on 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 sale, the director now directly owns 203,510 shares in the company, valued at approximately $41,507,899.60. The sale was disclosed in a filing with the SEC, which is available through this link. In related news, Director Darius Adamczyk sold 28,500 shares of the company’s stock in a transaction on 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 sale, the director now directly owns 203,510 shares of the company’s stock, valued at $41,507,899.60. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Gregory P. Lewis sold 25,209 shares of the stock in a transaction dated 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 $10,709,231.26. The disclosure for this sale can be found here. 0.41% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

HON has been the subject of a number of research reports. Berenberg Bank raised Honeywell International from a “hold” rating to a “buy” rating and raised their price objective for the company from $195.00 to $240.00 in a research note on Wednesday, March 6th. UBS Group raised shares of Honeywell International from a “sell” rating to a “neutral” rating and raised their price objective for the company from $175.00 to $215.00 in a research note on Monday, June 10th. 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 research report on Tuesday, June 4th. Daiwa America upgraded Honeywell International to a “moderate buy” rating in a research note on Wednesday, June 5th. Finally, Royal Bank of Canada lowered their price objective on Honeywell International from $222.00 to $218.00 and set a “sector perform” rating for the company in a research note on Tuesday, June 4th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Honeywell International has an average rating of “Moderate Buy” and a consensus price target of $224.75.

Honeywell International Price Performance

NASDAQ HON traded down $2.22 on Wednesday, hitting $212.23. The stock had a trading volume of 289,570 shares, compared to its average volume of 2,923,678. The company has a market capitalization of $138.20 billion, a price-to-earnings ratio of 24.85, a price-to-earnings-growth ratio of 2.24 and a beta of 1.03. Honeywell International Inc. has a 52-week low of $174.88 and a 52-week high of $218.36. The firm has a 50-day moving average of $202.53 and a 200-day moving average of $201.17. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.28 and a current ratio of 1.66.

Honeywell International (NASDAQ:HON) last issued its quarterly 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 firm had revenue of $9.11 billion during 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%. The company’s revenue was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.07 earnings per share. Equities analysts expect that Honeywell International Inc. will post 10.23 EPS for the current year.

Honeywell International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 7th. Shareholders of record on Friday, May 17th were given a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a dividend yield of 2.04%. The ex-dividend date was Thursday, May 16th. Honeywell International’s payout ratio is 50.06%.

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.