Traders Sell Shares of Honeywell International Inc. (HON) on Strength (HON)
Investors sold shares of Honeywell International Inc. (NYSE:HON) on strength during trading hours on Friday. $47.24 million flowed into the stock on the tick-up and $85.74 million flowed out of the stock on the tick-down, for a money net flow of $38.50 million out of the stock. Of all equities tracked, Honeywell International had the 30th highest net out-flow for the day. Honeywell International traded up $0.18 for the day and closed at $143.37
A number of equities research analysts have recently weighed in on the company. HSBC Holdings plc assumed coverage on Honeywell International in a report on Wednesday, June 21st. They set a “buy” rating and a $147.00 target price for the company. Cowen and Company reissued a “buy” rating and set a $150.00 target price on shares of Honeywell International in a report on Tuesday. Citigroup Inc. lifted their target price on Honeywell International from $155.00 to $170.00 and gave the stock a “buy” rating in a report on Monday. Jefferies Group LLC reissued a “buy” rating and set a $155.00 target price on shares of Honeywell International in a report on Tuesday, August 22nd. Finally, Royal Bank Of Canada set a $148.00 target price on Honeywell International and gave the stock a “buy” rating in a report on Sunday, August 27th. One investment analyst has rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $149.52.
The company has a 50-day moving average of $139.86 and a 200 day moving average of $134.36. The firm has a market capitalization of $109.04 billion, a PE ratio of 22.23 and a beta of 0.95.
Honeywell International (NYSE:HON) last released its quarterly earnings results on Friday, July 21st. The conglomerate reported $1.80 earnings per share for the quarter, beating the consensus estimate of $1.78 by $0.02. Honeywell International had a return on equity of 26.60% and a net margin of 12.68%. The firm had revenue of $10.08 billion for the quarter, compared to analysts’ expectations of $9.89 billion. During the same quarter last year, the firm posted $1.70 EPS. The company’s revenue was up .9% compared to the same quarter last year. On average, analysts forecast that Honeywell International Inc. will post $7.09 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Friday, November 17th will be issued a dividend of $0.745 per share. This represents a $2.98 dividend on an annualized basis and a dividend yield of 2.08%. This is a boost from Honeywell International’s previous quarterly dividend of $0.67. The ex-dividend date is Thursday, November 16th. Honeywell International’s dividend payout ratio (DPR) is currently 41.24%.
In related news, CFO Thomas A. Szlosek sold 803 shares of the firm’s stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $137.02, for a total transaction of $110,027.06. Following the transaction, the chief financial officer now directly owns 5,702 shares of the company’s stock, valued at approximately $781,288.04. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Timothy O. Mahoney sold 341,701 shares of the firm’s stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of $138.08, for a total value of $47,182,074.08. Following the transaction, the insider now directly owns 294,155 shares in the company, valued at $40,616,922.40. The disclosure for this sale can be found here. Over the last three months, insiders have sold 354,108 shares of company stock worth $48,886,463. 1.56% of the stock is currently owned by insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in HON. Waldron LP raised its holdings in shares of Honeywell International by 70.0% during the 1st quarter. Waldron LP now owns 6,715 shares of the conglomerate’s stock valued at $826,000 after buying an additional 2,765 shares in the last quarter. Beaumont Financial Partners LLC raised its holdings in shares of Honeywell International by 7.8% during the 1st quarter. Beaumont Financial Partners LLC now owns 3,347 shares of the conglomerate’s stock valued at $418,000 after buying an additional 241 shares in the last quarter. North Star Investment Management Corp. raised its holdings in shares of Honeywell International by 0.7% during the 1st quarter. North Star Investment Management Corp. now owns 5,422 shares of the conglomerate’s stock valued at $677,000 after buying an additional 38 shares in the last quarter. Central Bank & Trust Co. raised its holdings in shares of Honeywell International by 0.6% during the 1st quarter. Central Bank & Trust Co. now owns 39,606 shares of the conglomerate’s stock valued at $4,946,000 after buying an additional 238 shares in the last quarter. Finally, Tufton Capital Management purchased a new position in shares of Honeywell International during the 1st quarter valued at about $251,000. 75.77% of the stock is currently owned by institutional investors.
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About Honeywell International
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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