Buckley Wealth Management LLC Has $380,000 Stake in Honeywell International Inc. (HON)

Buckley Wealth Management LLC lowered its position in Honeywell International Inc. (NYSE:HON) by 22.9% during the first quarter, Holdings Channel reports. The institutional investor owned 2,391 shares of the conglomerate’s stock after selling 710 shares during the quarter. Buckley Wealth Management LLC’s holdings in Honeywell International were worth $380,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of HON. Cordasco Financial Network acquired a new stake in Honeywell International in the 1st quarter worth approximately $25,000. Capital Financial Planning LLC acquired a new stake in Honeywell International in the 4th quarter worth approximately $26,000. Canton Hathaway LLC boosted its stake in Honeywell International by 289.1% in the 1st quarter. Canton Hathaway LLC now owns 214 shares of the conglomerate’s stock worth $34,000 after purchasing an additional 159 shares in the last quarter. Riverview Trust Co acquired a new stake in Honeywell International in the 4th quarter worth approximately $31,000. Finally, Semmax Financial Advisors Inc. acquired a new stake in Honeywell International in the 4th quarter worth approximately $33,000. 75.81% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE HON opened at $173.54 on Friday. The company has a quick ratio of 1.01, a current ratio of 1.24 and a debt-to-equity ratio of 0.45. Honeywell International Inc. has a 12 month low of $123.48 and a 12 month high of $174.34. The company has a market cap of $126.29 billion, a price-to-earnings ratio of 21.67, a price-to-earnings-growth ratio of 2.35 and a beta of 1.12.

Honeywell International (NYSE:HON) last announced its quarterly earnings data on Thursday, April 18th. The conglomerate reported $1.92 EPS for the quarter, beating the consensus estimate of $1.83 by $0.09. Honeywell International had a net margin of 16.73% and a return on equity of 32.46%. The business had revenue of $8.88 billion during the quarter, compared to analysts’ expectations of $8.63 billion. During the same period in the previous year, the business posted $1.95 EPS. The business’s quarterly revenue was down 14.5% compared to the same quarter last year. As a group, equities research analysts forecast that Honeywell International Inc. will post 8.1 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 24th will be paid a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a yield of 1.89%. The ex-dividend date is Thursday, May 23rd. Honeywell International’s payout ratio is 40.95%.

A number of analysts recently commented on HON shares. Oppenheimer reiterated a “market perform” rating on shares of Honeywell International in a research note on Tuesday, January 8th. Morgan Stanley lifted their target price on shares of Honeywell International from $165.00 to $183.00 and gave the stock an “overweight” rating in a research note on Monday, April 22nd. CIBC reiterated a “market perform” rating on shares of Honeywell International in a research note on Tuesday, January 8th. Deutsche Bank lifted their target price on shares of Honeywell International to $160.00 and gave the stock a “buy” rating in a research note on Monday, February 4th. Finally, UBS Group restated a “top pick” rating on shares of Honeywell International in a research note on Thursday, January 10th. Three investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $175.20.

In other news, Director Linnet F. Deily sold 4,234 shares of Honeywell International stock in a transaction that occurred on Wednesday, February 6th. The shares were sold at an average price of $148.75, for a total transaction of $629,807.50. Following the completion of the transaction, the director now directly owns 11,369 shares of the company’s stock, valued at approximately $1,691,138.75. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Timothy O. Mahoney sold 73,352 shares of Honeywell International stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $154.30, for a total transaction of $11,318,213.60. Following the transaction, the insider now directly owns 305,505 shares of the company’s stock, valued at $47,139,421.50. The disclosure for this sale can be found here. Insiders own 0.73% of the company’s stock.

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About Honeywell International

Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. Its Aerospace segment supplies products, software, and services for aircrafts and vehicles. This 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 connected solutions and data services for the aftermarket, as well as provides wireless connectivity and management and technical services.

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

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