Traders Buy Shares of Honeywell (HON) on Weakness
Traders bought shares of Honeywell (NYSE:HON) on weakness during trading hours on Tuesday. $183.24 million flowed into the stock on the tick-up and $127.51 million flowed out of the stock on the tick-down, for a money net flow of $55.73 million into the stock. Of all stocks tracked, Honeywell had the 27th highest net in-flow for the day. Honeywell traded down ($1.40) for the day and closed at $147.22
HON has been the subject of a number of recent research reports. TheStreet upgraded Honeywell from a “c+” rating to an “a-” rating in a research report on Friday. Zacks Investment Research upgraded Honeywell from a “hold” rating to a “buy” rating and set a $160.00 price objective for the company in a research report on Tuesday, April 3rd. Robert W. Baird reiterated a “buy” rating and set a $187.00 price objective on shares of Honeywell in a research report on Friday, January 26th. Bank of America increased their price objective on Honeywell from $117.12 to $168.00 and gave the company a “buy” rating in a research report on Friday, January 26th. Finally, UBS initiated coverage on Honeywell in a research report on Monday, January 22nd. They set a “buy” rating for the company. Two research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. Honeywell has a consensus rating of “Buy” and a consensus price target of $167.47.
The company has a current ratio of 1.36, a quick ratio of 1.11 and a debt-to-equity ratio of 0.72. The company has a market cap of $113,228.94, a PE ratio of 20.71, a price-to-earnings-growth ratio of 2.06 and a beta of 0.97.
The company also recently announced a quarterly dividend, which will be paid on Friday, June 8th. Shareholders of record on Friday, May 18th will be paid a dividend of $0.745 per share. This represents a $2.98 annualized dividend and a yield of 2.02%. The ex-dividend date is Thursday, May 17th. Honeywell’s dividend payout ratio (DPR) is currently 41.91%.
In other Honeywell news, Director Linnet F. Deily sold 2,886 shares of the business’s stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $147.71, for a total transaction of $426,291.06. Following the sale, the director now directly owns 9,105 shares of the company’s stock, valued at approximately $1,344,899.55. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Jaime Chico /Fa Pardo sold 2,868 shares of the business’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $156.36, for a total transaction of $448,440.48. Following the sale, the director now directly owns 41,092 shares in the company, valued at $6,425,145.12. The disclosure for this sale can be found here. 1.33% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Rowland & Co. Investment Counsel ADV increased its stake in shares of Honeywell by 0.4% in the second quarter. Rowland & Co. Investment Counsel ADV now owns 3,735 shares of the conglomerate’s stock worth $499,000 after acquiring an additional 14 shares during the last quarter. Meridian Investment Counsel Inc. increased its stake in shares of Honeywell by 0.4% in the second quarter. Meridian Investment Counsel Inc. now owns 7,972 shares of the conglomerate’s stock worth $1,063,000 after acquiring an additional 31 shares during the last quarter. Laurel Wealth Advisors Inc. increased its stake in shares of Honeywell by 4.8% in the second quarter. Laurel Wealth Advisors Inc. now owns 1,889 shares of the conglomerate’s stock worth $251,000 after acquiring an additional 86 shares during the last quarter. Keel Point LLC increased its stake in shares of Honeywell by 3.0% in the second quarter. Keel Point LLC now owns 3,591 shares of the conglomerate’s stock worth $479,000 after acquiring an additional 104 shares during the last quarter. Finally, Sii Investments Inc. WI increased its stake in shares of Honeywell by 1.9% in the second quarter. Sii Investments Inc. WI now owns 6,486 shares of the conglomerate’s stock worth $862,000 after acquiring an additional 119 shares during the last quarter. 75.17% of the stock is currently owned by institutional investors and hedge funds.
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Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. It operates through four segments: Aerospace; Home and Building Technologies; Performance Materials and Technologies; and Safety and Productivity Solutions. The Aerospace segment supplies products, software, and services for aircraft and vehicles that it sells to original equipment manufacturers and other customers in various markets, including air transport, regional, business and general aviation aircraft, airlines, aircraft operators, defense and space contractors, and automotive and truck manufacturers.
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