Traders Purchase Large Volume of Honeywell International Call Options (HON)
Honeywell International Inc. (NYSE:HON) was the target of unusually large options trading on Thursday. Stock traders bought 17,188 call options on the stock. This is an increase of approximately 570% compared to the average daily volume of 2,566 call options.
Honeywell International (NYSE HON) opened at 143.60 on Tuesday. The stock has a market cap of $109.22 billion, a PE ratio of 22.27 and a beta of 0.95. The company’s 50 day moving average price is $139.09 and its 200 day moving average price is $133.97. Honeywell International has a 12 month low of $105.26 and a 12 month high of $145.30.
Honeywell International (NYSE:HON) last posted its quarterly earnings results on Friday, July 21st. The conglomerate reported $1.80 earnings per share for the quarter, topping the consensus estimate of $1.78 by $0.02. The company had revenue of $10.08 billion for the quarter, compared to the consensus estimate of $9.89 billion. Honeywell International had a return on equity of 26.60% and a net margin of 12.68%. The firm’s quarterly revenue was up .9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.70 EPS. Equities analysts forecast that Honeywell International will post $7.09 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Friday, November 17th will be paid a $0.745 dividend. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $2.98 annualized dividend and a dividend yield of 2.08%. This is an increase from Honeywell International’s previous quarterly dividend of $0.67. Honeywell International’s dividend payout ratio is presently 41.24%.
In related news, insider Rajeev Gautam sold 5,840 shares of the firm’s stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of $136.68, for a total transaction of $798,211.20. Following the completion of the sale, the insider now owns 16,597 shares of the company’s stock, valued at $2,268,477.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Jennifer H. Mak sold 420 shares of the firm’s stock in a transaction that occurred on Thursday, July 27th. The stock was sold at an average price of $136.66, for a total value of $57,397.20. Following the sale, the vice president now directly owns 1,363 shares of the company’s stock, valued at approximately $186,267.58. The disclosure for this sale can be found here. Insiders have sold 354,108 shares of company stock valued at $48,886,463 in the last ninety days. 1.56% of the stock is currently owned by insiders.
Several institutional investors have recently bought and sold shares of the stock. First National Bank of Mount Dora Trust Investment Services grew its stake in shares of Honeywell International by 6.8% in the 3rd quarter. First National Bank of Mount Dora Trust Investment Services now owns 23,241 shares of the conglomerate’s stock worth $3,295,000 after buying an additional 1,471 shares during the last quarter. Fulton Bank N.A. grew its stake in shares of Honeywell International by 7.6% in the 3rd quarter. Fulton Bank N.A. now owns 19,100 shares of the conglomerate’s stock worth $2,707,000 after buying an additional 1,347 shares during the last quarter. Neville Rodie & Shaw Inc. grew its stake in shares of Honeywell International by 3.1% in the 3rd quarter. Neville Rodie & Shaw Inc. now owns 53,495 shares of the conglomerate’s stock worth $7,583,000 after buying an additional 1,600 shares during the last quarter. Curbstone Financial Management Corp grew its stake in shares of Honeywell International by 92.5% in the 3rd quarter. Curbstone Financial Management Corp now owns 8,982 shares of the conglomerate’s stock worth $1,273,000 after buying an additional 4,316 shares during the last quarter. Finally, Intl Fcstone Inc. purchased a new stake in shares of Honeywell International in the 2nd quarter worth approximately $294,000. Institutional investors own 75.77% of the company’s stock.
Several equities research analysts recently commented on HON shares. Zacks Investment Research raised Honeywell International from a “hold” rating to a “buy” rating and set a $151.00 target price for the company in a research note on Thursday, July 20th. BidaskClub cut Honeywell International from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Jefferies Group LLC reaffirmed a “buy” rating and set a $155.00 target price on shares of Honeywell International in a research note on Tuesday, August 22nd. Royal Bank Of Canada raised their target price on Honeywell International from $145.00 to $148.00 and gave the stock an “outperform” rating in a research note on Monday, July 24th. Finally, Deutsche Bank AG reaffirmed a “buy” rating and set a $154.00 target price on shares of Honeywell International in a research note on Thursday, September 21st. One analyst has rated the stock with a hold rating and seventeen have given a buy rating to the company. Honeywell International has a consensus rating of “Buy” and a consensus price target of $144.74.
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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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