Investors Sell Honeywell International Inc. (HON) on Strength (HON)
Traders sold shares of Honeywell International Inc. (NYSE:HON) on strength during trading on Wednesday. $2.75 million flowed into the stock on the tick-up and $7.34 million flowed out of the stock on the tick-down, for a money net flow of $4.59 million out of the stock. Of all stocks tracked, Honeywell International had the 0th highest net out-flow for the day. Honeywell International traded up $0.09 for the day and closed at $136.60
Several equities research analysts recently issued reports on the company. Cowen and Company reiterated an “outperform” rating and issued a $150.00 price target (up from $140.00) on shares of Honeywell International in a research note on Tuesday, August 8th. Zacks Investment Research downgraded shares of Honeywell International from a “buy” rating to a “hold” rating in a research report on Monday, August 14th. Jefferies Group LLC restated a “buy” rating and set a $155.00 price objective on shares of Honeywell International in a research report on Tuesday, August 22nd. Morgan Stanley boosted their price objective on shares of Honeywell International from $141.00 to $145.00 and gave the company an “overweight” rating in a research report on Wednesday, August 16th. Finally, BidaskClub upgraded shares of Honeywell International from a “hold” rating to a “buy” rating in a research report on Sunday, August 6th. Two analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $141.18.
The company has a market capitalization of $104.26 billion, a P/E ratio of 21.26 and a beta of 0.94. The stock has a 50-day moving average of $137.31 and a 200 day moving average of $131.64.
Honeywell International (NYSE:HON) last posted its quarterly earnings data on Friday, July 21st. The conglomerate reported $1.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.78 by $0.02. Honeywell International had a net margin of 12.68% and a return on equity of 26.60%. The company had revenue of $10.08 billion during the quarter, compared to the consensus estimate of $9.89 billion. During the same period in the previous year, the firm posted $1.70 EPS. The firm’s revenue was up .9% compared to the same quarter last year. Analysts predict that Honeywell International Inc. will post $7.09 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 8th. Investors of record on Friday, August 18th will be given a $0.665 dividend. This represents a $2.66 dividend on an annualized basis and a yield of 1.94%. The ex-dividend date of this dividend is Wednesday, August 16th. Honeywell International’s payout ratio is presently 41.24%.
In related news, Director Linnet F. Deily sold 4,344 shares of Honeywell International stock in a transaction on Monday, August 7th. The shares were sold at an average price of $138.47, for a total value of $601,513.68. Following the transaction, the director now owns 9,753 shares in the company, valued at approximately $1,350,497.91. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Jennifer H. Mak sold 420 shares of Honeywell International stock in a transaction on Thursday, July 27th. The stock was sold at an average price of $136.66, for a total transaction of $57,397.20. Following the completion of the transaction, the vice president now owns 1,363 shares in the company, valued at approximately $186,267.58. The disclosure for this sale can be found here. In the last quarter, insiders sold 354,108 shares of company stock worth $48,886,463. 1.56% of the stock is owned by corporate insiders.
A number of large investors have recently modified their holdings of HON. Crestwood Advisors Group LLC purchased a new position in shares of Honeywell International in the first quarter valued at about $100,000. Hanson McClain Inc. increased its position in shares of Honeywell International by 0.4% in the first quarter. Hanson McClain Inc. now owns 810 shares of the conglomerate’s stock valued at $101,000 after acquiring an additional 3 shares during the period. Burt Wealth Advisors increased its position in shares of Honeywell International by 65.4% in the second quarter. Burt Wealth Advisors now owns 759 shares of the conglomerate’s stock valued at $101,000 after acquiring an additional 300 shares during the period. Guidant Wealth Advisors increased its position in shares of Honeywell International by 15.8% in the second quarter. Guidant Wealth Advisors now owns 764 shares of the conglomerate’s stock valued at $102,000 after acquiring an additional 104 shares during the period. Finally, Mosaic Family Wealth LLC increased its position in shares of Honeywell International by 11.4% in the second quarter. Mosaic Family Wealth LLC now owns 762 shares of the conglomerate’s stock valued at $102,000 after acquiring an additional 78 shares during the period. Institutional investors own 75.90% of the company’s stock.
About Honeywell International
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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