Traders Sell Shares of Honeywell International Inc. (HON) on Strength (HON)
Investors sold shares of Honeywell International Inc. (NYSE:HON) on strength during trading on Friday. $25.58 million flowed into the stock on the tick-up and $47.04 million flowed out of the stock on the tick-down, for a money net flow of $21.46 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 $0.25 for the day and closed at $116.11
A number of research firms have recently commented on HON. Credit Suisse Group AG reissued a “hold” rating on shares of Honeywell International in a research report on Saturday, July 9th. Morgan Stanley reissued a “buy” rating on shares of Honeywell International in a research report on Saturday, May 14th. Oppenheimer Holdings Inc. lifted their price target on shares of Honeywell International from $120.00 to $128.00 and gave the company an “outperform” rating in a research report on Monday, April 25th. Barclays PLC lifted their price target on shares of Honeywell International from $127.00 to $131.00 and gave the company an “overweight” rating in a research report on Monday, July 25th. Finally, Jefferies Group restated a “buy” rating and issued a $130.00 price objective on shares of Honeywell International in a research note on Tuesday, May 17th. Six research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $122.89.
The stock has a market capitalization of $88.35 billion and a PE ratio of 18.37. The firm has a 50 day moving average of $116.88 and a 200 day moving average of $112.80.
Honeywell International (NYSE:HON) last posted its quarterly earnings data on Friday, July 22nd. The company reported $1.66 earnings per share for the quarter, topping the consensus estimate of $1.64 by $0.02. During the same quarter in the previous year, the business 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 firm’s quarterly revenue was up 2.2% on a year-over-year basis. Equities analysts anticipate that Honeywell International Inc. will post $6.67 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 9th. Shareholders of record on Friday, August 19th will be given a dividend of $0.595 per share. This represents a $2.38 annualized dividend and a yield of 2.05%. The ex-dividend date of this dividend is Wednesday, August 17th.
In other news, CEO David M. Cote sold 534,505 shares of the stock in a transaction on Friday, August 5th. The stock was sold at an average price of $116.15, for a total transaction of $62,082,755.75. Following the sale, the chief executive officer now directly owns 700,000 shares of the company’s stock, valued at approximately $81,305,000. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Krishna Mikkilineni sold 13,000 shares of the stock in a transaction on Friday, May 27th. The stock was sold at an average price of $114.10, for a total value of $1,483,300.00. Following the sale, the vice president now directly owns 75,355 shares in the company, valued at $8,598,005.50. The disclosure for this sale can be found here.
Several hedge funds recently added to or reduced their stakes in the company. Nelson Van Denburg & Campbell Wealth Management Group LLC raised its stake in Honeywell International by 4.8% in the fourth quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 10,210 shares of the company’s stock valued at $1,057,000 after buying an additional 465 shares during the period. Investment Management of Virginia LLC raised its stake in Honeywell International by 88.8% in the fourth quarter. Investment Management of Virginia LLC now owns 10,905 shares of the company’s stock valued at $1,129,000 after buying an additional 5,130 shares during the period. Bronfman E.L. Rothschild L.P. bought a new stake in Honeywell International during the fourth quarter valued at about $1,180,000. Girard Partners LTD. raised its stake in Honeywell International by 51.9% in the fourth quarter. Girard Partners LTD. now owns 11,994 shares of the company’s stock valued at $1,242,000 after buying an additional 4,096 shares during the period. Finally, Strategic Global Advisors LLC raised its stake in Honeywell International by 1.8% in the fourth quarter. Strategic Global Advisors LLC now owns 13,930 shares of the company’s stock valued at $1,443,000 after buying an additional 245 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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