Investors Sell Honeywell International Inc. (HON) on Strength (HON)
Traders sold shares of Honeywell International Inc. (NYSE:HON) on strength during trading on Tuesday. $65.67 million flowed into the stock on the tick-up and $130.95 million flowed out of the stock on the tick-down, for a money net flow of $65.28 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 $1.41 for the day and closed at $149.35
Several research firms have recently commented on HON. Cowen and Company reissued a “buy” rating and issued a $150.00 price target on shares of Honeywell International in a report on Tuesday, October 10th. Vertical Research reissued a “buy” rating on shares of Honeywell International in a report on Friday, October 20th. Citigroup Inc. raised their price target on Honeywell International from $155.00 to $170.00 and gave the company a “buy” rating in a report on Monday, October 9th. Jefferies Group LLC reissued a “buy” rating and issued a $155.00 price target on shares of Honeywell International in a report on Tuesday, August 22nd. Finally, Royal Bank Of Canada set a $148.00 price target on Honeywell International and gave the company a “buy” rating in a report on Sunday, August 27th. One analyst has rated the stock with a hold rating and seventeen have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $150.79.
The company has a debt-to-equity ratio of 0.54, a current ratio of 1.35 and a quick ratio of 1.09. The stock has a market cap of $113,778.23, a PE ratio of 21.49, a price-to-earnings-growth ratio of 2.29 and a beta of 0.97.
Honeywell International (NYSE:HON) last released its quarterly earnings results on Friday, October 20th. The conglomerate reported $1.75 earnings per share for the quarter, hitting the consensus estimate of $1.75. The company had revenue of $10.12 billion during the quarter, compared to the consensus estimate of $10.05 billion. Honeywell International had a return on equity of 26.26% and a net margin of 12.85%. Honeywell International’s revenue was up 3.2% compared to the same quarter last year. During the same quarter last year, the business posted $1.60 earnings per share. equities analysts predict that Honeywell International Inc. will post 7.06 EPS for the current year.
The business 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 dividend of $0.745 per share. This is an increase from Honeywell International’s previous quarterly dividend of $0.67. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $2.98 annualized dividend and a yield of 2.00%. Honeywell International’s dividend payout ratio (DPR) is presently 45.15%.
In other news, VP Krishna Mikkilineni sold 13,074 shares of Honeywell International stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $145.12, for a total value of $1,897,298.88. Following the completion of the sale, the vice president now owns 104,998 shares of the company’s stock, valued at $15,237,309.76. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Bradley T. Sheares sold 1,328 shares of Honeywell International stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $146.41, for a total value of $194,432.48. Following the completion of the sale, the director now directly owns 4,002 shares of the company’s stock, valued at approximately $585,932.82. The disclosure for this sale can be found here. Company insiders own 1.56% of the company’s stock.
Several large investors have recently made changes to their positions in the company. Institutional & Family Asset Management LLC grew its position in shares of Honeywell International by 8.1% in the third quarter. Institutional & Family Asset Management LLC now owns 5,401 shares of the conglomerate’s stock valued at $766,000 after purchasing an additional 405 shares during the period. Steward Partners Investment Advisory LLC purchased a new stake in shares of Honeywell International in the third quarter valued at $2,409,000. Public Employees Retirement System of Ohio grew its position in shares of Honeywell International by 8.9% in the third quarter. Public Employees Retirement System of Ohio now owns 589,729 shares of the conglomerate’s stock valued at $83,588,000 after purchasing an additional 48,000 shares during the period. Garde Capital Inc. purchased a new stake in shares of Honeywell International in the third quarter valued at $1,047,000. Finally, Moors & Cabot Inc. grew its position in shares of Honeywell International by 13.7% in the third quarter. Moors & Cabot Inc. now owns 29,295 shares of the conglomerate’s stock valued at $4,151,000 after purchasing an additional 3,530 shares during the period. 75.20% of the stock is owned by institutional investors and hedge funds.
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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