Honeywell International (NASDAQ:HON) Director Sells 2,367 Shares of Stock

Honeywell International Inc. (NASDAQ:HON) Director D Scott Davis sold 2,367 shares of the company’s stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of $240.00, for a total value of $568,080.00. Following the completion of the transaction, the director owned 31,081 shares of the company’s stock, valued at approximately $7,459,440. This represents a 7.08% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Honeywell International Price Performance

HON stock traded up $3.20 during trading on Friday, hitting $243.97. The company had a trading volume of 2,681,237 shares, compared to its average volume of 4,756,957. The business has a 50 day moving average of $215.66 and a 200 day moving average of $209.90. Honeywell International Inc. has a fifty-two week low of $169.21 and a fifty-two week high of $245.63. The company has a current ratio of 1.30, a quick ratio of 1.05 and a debt-to-equity ratio of 1.81. The firm has a market capitalization of $155.09 billion, a price-to-earnings ratio of 30.53, a P/E/G ratio of 3.49 and a beta of 0.94.

Honeywell International (NASDAQ:HON) last released its quarterly earnings results on Thursday, January 29th. The conglomerate reported $2.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.54 by $0.05. Honeywell International had a net margin of 12.74% and a return on equity of 40.64%. The company had revenue of $10.07 billion during the quarter, compared to analysts’ expectations of $9.60 billion. During the same period in the prior year, the company earned $2.47 earnings per share. The business’s quarterly revenue was up 6.4% compared to the same quarter last year. As a group, research analysts predict that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 27th will be issued a $1.19 dividend. The ex-dividend date of this dividend is Friday, February 27th. This represents a $4.76 annualized dividend and a dividend yield of 2.0%. Honeywell International’s payout ratio is 59.57%.

Institutional Trading of Honeywell International

A number of hedge funds have recently modified their holdings of the business. Holos Integrated Wealth LLC purchased a new position in shares of Honeywell International during the fourth quarter valued at approximately $25,000. Caitlin John LLC increased its position in Honeywell International by 138.9% during the 4th quarter. Caitlin John LLC now owns 129 shares of the conglomerate’s stock valued at $25,000 after buying an additional 75 shares in the last quarter. Ares Financial Consulting LLC purchased a new position in Honeywell International during the fourth quarter valued at $26,000. Hilton Head Capital Partners LLC bought a new stake in Honeywell International in the fourth quarter worth $28,000. Finally, University of Texas Texas AM Investment Management Co. purchased a new stake in shares of Honeywell International in the fourth quarter worth $28,000. Institutional investors own 75.91% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on HON. Citigroup raised their price objective on shares of Honeywell International from $262.00 to $265.00 and gave the stock a “buy” rating in a research report on Friday, January 30th. Mizuho decreased their target price on Honeywell International from $250.00 to $240.00 and set an “outperform” rating for the company in a research report on Monday, January 5th. Wall Street Zen upgraded shares of Honeywell International to a “hold” rating in a research note on Saturday, January 3rd. BNP Paribas Exane boosted their target price on Honeywell International from $195.00 to $215.00 and gave the stock a “neutral” rating in a research report on Monday, February 2nd. Finally, Royal Bank Of Canada lifted their price target on Honeywell International from $249.00 to $268.00 and gave the stock an “outperform” rating in a research note on Friday, January 30th. Eleven research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $246.32.

About Honeywell International

Honeywell International Inc is a diversified, publicly traded multinational conglomerate (NASDAQ: HON) that designs and manufactures a wide range of commercial and consumer products, engineering services and aerospace systems. The company operates through major business platforms that historically include Aerospace; Building Technologies; Performance Materials and Technologies; and Safety and Productivity Solutions. Its portfolio spans avionics and propulsion systems, building controls and HVAC equipment, process technologies and advanced materials, industrial automation software, and personal protective equipment and scanning solutions.

Honeywell’s aerospace business supplies aircraft manufacturers and operators with engines and auxiliary power units, avionics, flight safety systems and aftermarket services.