Linnet F. Deily Sells 4,344 Shares of Honeywell International Inc. (HON) Stock
Honeywell International Inc. (NYSE:HON) Director Linnet F. Deily sold 4,344 shares of the stock in a transaction on Monday, August 7th. The stock was sold at an average price of $138.47, for a total value of $601,513.68. Following the completion of the sale, the director now directly owns 9,753 shares in the company, valued at $1,350,497.91. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of Honeywell International Inc. (HON) traded up 0.24% on Wednesday, reaching $139.00. The company’s stock had a trading volume of 1,957,614 shares. Honeywell International Inc. has a 12-month low of $105.25 and a 12-month high of $139.31. The stock has a market cap of $105.72 billion, a PE ratio of 21.55 and a beta of 0.94. The firm has a 50 day moving average price of $135.02 and a 200-day moving average price of $128.45.
Honeywell International (NYSE:HON) last released its quarterly earnings results on Friday, July 21st. The conglomerate reported $1.80 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.78 by $0.02. Honeywell International had a return on equity of 26.60% and a net margin of 12.68%. The firm had revenue of $10.08 billion for the quarter, compared to analyst estimates of $9.89 billion. During the same quarter last year, the company posted $1.70 earnings per share. The business’s revenue was up .9% on a year-over-year basis. Equities research analysts expect that Honeywell International Inc. will post $7.10 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 8th. Investors of record on Friday, August 18th will be issued a dividend of $0.665 per share. This represents a $2.66 dividend on an annualized basis and a dividend yield of 1.91%. The ex-dividend date of this dividend is Wednesday, August 16th. Honeywell International’s dividend payout ratio is currently 41.24%.
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Several institutional investors have recently added to or reduced their stakes in HON. Hanson McClain Inc. raised its position in Honeywell International by 0.4% in the first quarter. Hanson McClain Inc. now owns 810 shares of the conglomerate’s stock worth $101,000 after buying an additional 3 shares in the last quarter. Addison Capital Co raised its stake in shares of Honeywell International by 0.3% in the second quarter. Addison Capital Co now owns 2,643 shares of the conglomerate’s stock worth $352,000 after buying an additional 7 shares in the last quarter. Weatherly Asset Management L. P. raised its stake in shares of Honeywell International by 0.3% in the first quarter. Weatherly Asset Management L. P. now owns 2,496 shares of the conglomerate’s stock worth $312,000 after buying an additional 8 shares in the last quarter. Keel Point LLC raised its stake in shares of Honeywell International by 0.3% in the first quarter. Keel Point LLC now owns 3,487 shares of the conglomerate’s stock worth $435,000 after buying an additional 10 shares in the last quarter. Finally, Hudock Capital Group LLC raised its stake in shares of Honeywell International by 0.3% in the first quarter. Hudock Capital Group LLC now owns 4,027 shares of the conglomerate’s stock worth $502,000 after buying an additional 14 shares in the last quarter. 76.43% of the stock is currently owned by hedge funds and other institutional investors.
HON has been the topic of a number of recent research reports. Barclays PLC increased their target price on Honeywell International from $139.00 to $140.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 25th. Morgan Stanley reaffirmed an “overweight” rating and set a $141.00 price objective (up from $137.00) on shares of Honeywell International in a research report on Thursday, June 22nd. Zacks Investment Research raised Honeywell International from a “hold” rating to a “buy” rating and set a $150.00 price objective on the stock in a research report on Wednesday, June 28th. BidaskClub raised Honeywell International from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, June 21st. Finally, Citigroup Inc. increased their price objective on Honeywell International from $140.00 to $147.00 and gave the company a “buy” rating in a research report on Tuesday, April 25th. One investment analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the stock. Honeywell International has a consensus rating of “Buy” and a consensus price target of $139.17.
Honeywell International Company Profile
Honeywell International Inc is a technology and manufacturing company. The Company operates through four segments: Aerospace, Home and Building Technologies, Performance Materials and Technologies, and Safety and Productivity Solutions. The Company’s Aerospace segment supplies products, software and services for aircraft and vehicles that it sells to original equipment manufacturers (OEMs) and other customers.
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