Traders Sell Shares of Honeywell International Inc. (HON) on Strength (HON)
Traders sold shares of Honeywell International Inc. (NYSE:HON) on strength during trading on Thursday. $49.50 million flowed into the stock on the tick-up and $83.87 million flowed out of the stock on the tick-down, for a money net flow of $34.37 million out of the stock. Of all equities tracked, Honeywell International had the 0th highest net out-flow for the day. Honeywell International traded up $0.80 for the day and closed at $115.76
HON has been the topic of a number of analyst reports. Morgan Stanley upped their price objective on Honeywell International from $119.00 to $123.00 in a research note on Thursday, April 7th. Deutsche Bank AG reiterated a “buy” rating and set a $120.00 price objective on shares of Honeywell International in a research note on Sunday, April 17th. Barclays PLC upped their price objective on Honeywell International from $100.00 to $109.00 and gave the stock an “equal weight” rating in a research note on Monday, April 18th. Citigroup Inc. reiterated a “buy” rating and set a $131.00 price objective (up previously from $124.00) on shares of Honeywell International in a research note on Tuesday, April 19th. Finally, Royal Bank Of Canada upped their price objective on Honeywell International from $121.00 to $122.00 and gave the stock an “outperform” rating in a research note on Monday, April 25th. Six research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $122.89.
The firm has a market capitalization of $88.51 billion and a price-to-earnings ratio of 18.40. The firm has a 50 day moving average of $116.61 and a 200 day moving average of $110.99.
Honeywell International (NYSE:HON) last issued its quarterly earnings results on Friday, July 22nd. The company reported $1.66 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.64 by $0.02. During the same period last year, the firm earned $1.51 EPS. The firm had revenue of $9.78 billion for the quarter, compared to the consensus estimate of $10.13 billion. The company’s revenue for the quarter was up 2.2% on a year-over-year basis. Analysts predict that Honeywell International Inc. will post $6.67 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 9th. Shareholders of record on Friday, August 19th will be paid a dividend of $0.595 per share. This represents a $2.38 annualized dividend and a yield of 2.05%.
In other news, Vice Chairman Andreas Kramvis sold 1,850 shares of the business’s stock in a transaction dated Thursday, July 28th. The stock was sold at an average price of $114.80, for a total value of $212,380.00. Following the completion of the sale, the insider now owns 66,441 shares of the company’s stock, valued at approximately $7,627,426.80. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Timothy O. Mahoney sold 38,630 shares of the business’s stock in a transaction dated Tuesday, May 10th. The shares were sold at an average price of $115.23, for a total value of $4,451,334.90. Following the completion of the sale, the chief executive officer now directly owns 65,259 shares of the company’s stock, valued at approximately $7,519,794.57. The disclosure for this sale can be found here.
Several large investors recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its stake in Honeywell International by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 41,688,512 shares of the company’s stock worth $4,317,680,000 after buying an additional 266,991 shares during the period. Morgan Stanley raised its stake in Honeywell International by 7.6% in the fourth quarter. Morgan Stanley now owns 10,718,931 shares of the company’s stock worth $1,110,159,000 after buying an additional 759,268 shares during the period. Boston Partners raised its stake in Honeywell International by 7.2% in the fourth quarter. Boston Partners now owns 2,146,180 shares of the company’s stock worth $222,280,000 after buying an additional 144,233 shares during the period. Dimensional Fund Advisors LP raised its stake in Honeywell International by 10.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,505,318 shares of the company’s stock worth $155,915,000 after buying an additional 143,027 shares during the period. Finally, Schroder Investment Management Group raised its stake in Honeywell International by 2.7% in the fourth quarter. Schroder Investment Management Group now owns 1,421,187 shares of the company’s stock worth $147,192,000 after buying an additional 37,804 shares during the period.
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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