Traders Sell Honeywell International Inc. (HON) on Strength (HON)
Traders sold shares of Honeywell International Inc. (NYSE:HON) on strength during trading on Thursday. $67.70 million flowed into the stock on the tick-up and $109.06 million flowed out of the stock on the tick-down, for a money net flow of $41.36 million out of the stock. Of all equities tracked, Honeywell International had the 19th highest net out-flow for the day. Honeywell International traded up $0.18 for the day and closed at $143.62
Several research analysts have issued reports on HON shares. HSBC Holdings plc started coverage on Honeywell International in a research report on Wednesday, June 21st. They set a “buy” rating and a $147.00 target price for the company. BidaskClub upgraded Honeywell International from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, June 21st. Morgan Stanley restated an “overweight” rating and set a $141.00 target price (up previously from $137.00) on shares of Honeywell International in a research report on Thursday, June 22nd. Cowen and Company restated a “buy” rating and set a $140.00 target price on shares of Honeywell International in a research report on Monday, July 17th. Finally, Zacks Investment Research lowered Honeywell International from a “buy” rating to a “hold” rating in a research report on Tuesday, July 18th. One analyst has rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $149.52.
The stock’s 50 day moving average price is $140.41 and its 200 day moving average price is $134.83. The stock has a market capitalization of $109.23 billion, a PE ratio of 22.27 and a beta of 0.95.
Honeywell International (NYSE:HON) last posted its earnings results on Friday, July 21st. The conglomerate reported $1.80 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.78 by $0.02. Honeywell International had a net margin of 12.68% and a return on equity of 26.60%. The firm had revenue of $10.08 billion during the quarter, compared to the consensus estimate of $9.89 billion. During the same quarter last year, the firm earned $1.70 EPS. The firm’s revenue for the quarter was up .9% on a year-over-year basis. Equities research analysts expect that Honeywell International Inc. will post $7.09 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Friday, November 17th will be given a $0.745 dividend. This represents a $2.98 annualized dividend and a yield of 2.07%. The ex-dividend date of this dividend is Thursday, November 16th. This is a boost from Honeywell International’s previous quarterly dividend of $0.67. Honeywell International’s dividend payout ratio (DPR) is currently 41.24%.
In other Honeywell International news, insider Rajeev Gautam sold 5,840 shares of the firm’s stock in a transaction that occurred on Wednesday, August 23rd. The shares were sold at an average price of $136.68, for a total value of $798,211.20. Following the completion of the transaction, the insider now owns 16,597 shares of the company’s stock, valued at approximately $2,268,477.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Jennifer H. Mak sold 420 shares of the firm’s stock in a transaction that occurred on Thursday, July 27th. The shares were 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 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 sold a total of 354,108 shares of company stock valued at $48,886,463 in the last three months. 1.56% of the stock is currently owned by corporate insiders.
Hedge funds have recently modified their holdings of the business. Burt Wealth Advisors boosted its position in Honeywell International by 65.4% in the 2nd quarter. Burt Wealth Advisors now owns 759 shares of the conglomerate’s stock valued at $101,000 after buying an additional 300 shares during the period. Mosaic Family Wealth LLC boosted its position in Honeywell International by 11.4% in the 2nd quarter. Mosaic Family Wealth LLC now owns 762 shares of the conglomerate’s stock valued at $102,000 after buying an additional 78 shares during the period. Guidant Wealth Advisors boosted its position in Honeywell International by 15.8% in the 2nd quarter. Guidant Wealth Advisors now owns 764 shares of the conglomerate’s stock valued at $102,000 after buying an additional 104 shares during the period. Jolley Asset Management LLC boosted its position in Honeywell International by 6.9% in the 2nd quarter. Jolley Asset Management LLC now owns 775 shares of the conglomerate’s stock valued at $103,000 after buying an additional 50 shares during the period. Finally, CKW Financial Group purchased a new position in Honeywell International in the 2nd quarter valued at approximately $108,000. 75.73% of the stock is owned by institutional investors.
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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