Honeywell International Inc. (HON) Sets New 52-Week High at $118.56
Shares of Honeywell International Inc. (NYSE:HON) hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $118.56 and last traded at $118.53, with a volume of 1,383,570 shares traded. The stock had previously closed at $116.11.
Several brokerages have issued reports on HON. Morgan Stanley reissued a “buy” rating on shares of Honeywell International in a research note on Saturday, May 14th. Oppenheimer Holdings Inc. raised their target price on shares of Honeywell International from $120.00 to $128.00 and gave the stock an “outperform” rating in a research report on Monday, April 25th. Credit Suisse Group AG raised their target price on shares of Honeywell International from $113.00 to $114.00 and gave the stock a “neutral” rating in a research report on Monday, April 25th. Jefferies Group reaffirmed a “buy” rating and set a $130.00 target price on shares of Honeywell International in a research report on Tuesday, May 17th. Finally, Deutsche Bank AG reaffirmed a “buy” rating and set a $120.00 target price on shares of Honeywell International in a research report on Sunday, April 17th. Six analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Honeywell International currently has a consensus rating of “Buy” and a consensus target price of $120.73.
The company has a market capitalization of $90.57 billion and a price-to-earnings ratio of 19.29. The company has a 50 day moving average of $115.31 and a 200-day moving average of $109.47.
Honeywell International (NYSE:HON) last issued its quarterly earnings data on Friday, April 22nd. The company reported $1.53 EPS for the quarter, topping the consensus estimate of $1.50 by $0.03. During the same quarter in the prior year, the company posted $1.41 earnings per share. The company earned $9.52 billion during the quarter, compared to analyst estimates of $9.37 billion. The business’s revenue was up 3.4% compared to the same quarter last year. Analysts predict that Honeywell International Inc. will post $6.66 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, June 10th. Shareholders of record on Thursday, May 19th were issued a dividend of $0.595 per share. The ex-dividend date was Tuesday, May 17th. This represents a $2.38 dividend on an annualized basis and a yield of 2.00%.
In other Honeywell International news, VP Krishna Mikkilineni sold 13,000 shares of the stock in a transaction that occurred on Friday, May 27th. The shares were sold at an average price of $114.10, for a total transaction of $1,483,300.00. Following the sale, the vice president now directly owns 75,355 shares in the company, valued at approximately $8,598,005.50. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Timothy O. Mahoney sold 38,630 shares of the stock in a transaction that occurred on Tuesday, May 10th. The stock was sold at an average price of $115.23, for a total transaction of $4,451,334.90. Following the sale, the chief executive officer now owns 65,259 shares in the company, valued at $7,519,794.57. The disclosure for this sale can be found here.
A number of large investors have added to or reduced their stakes in the company. American Century Companies Inc. raised its stake in Honeywell International by 10.1% in the fourth quarter. American Century Companies Inc. now owns 2,109,712 shares of the company’s stock worth $218,503,000 after buying an additional 192,948 shares during the period. Shelton Capital Management raised its stake in Honeywell International by 30.7% in the fourth quarter. Shelton Capital Management now owns 17,013 shares of the company’s stock worth $1,762,000 after buying an additional 4,000 shares during the period. Lee Danner & Bass Inc. raised its stake in Honeywell International by 11.7% in the fourth quarter. Lee Danner & Bass Inc. now owns 11,045 shares of the company’s stock worth $1,144,000 after buying an additional 1,160 shares during the period. Gofen & Glossberg LLC IL raised its stake in Honeywell International by 2.6% in the fourth quarter. Gofen & Glossberg LLC IL now owns 205,894 shares of the company’s stock worth $20,573,000 after buying an additional 5,250 shares during the period. Finally, Numeric Investors LLC acquired a new stake in Honeywell International during the fourth quarter worth about $3,677,000.
Honeywell International Inc (Honeywell) is a technology and manufacturing company. The Company operates in three segments: Aerospace, Automation and Control Solutions (ACS), and Performance Materials and Technologies (PMT). Its Aerospace segment supplies aircraft engines, integrated avionics, systems and service solutions, and related products and services for aircraft manufacturers, airlines, aircraft operators, military services, and defense and space contractors.
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