Honeywell International Inc. (NYSE:HON) Director Bradley T. Sheares sold 3,430 shares of the business’s stock in a transaction on Friday, May 19th. The stock was sold at an average price of $131.71, for a total value of $451,765.30. Following the completion of the sale, the director now directly owns 8,731 shares in the company, valued at $1,149,960.01. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of Honeywell International Inc. (NYSE HON) traded up 0.12% during mid-day trading on Friday, reaching $134.63. The company’s stock had a trading volume of 3,480,126 shares. The firm’s 50-day moving average price is $132.41 and its 200 day moving average price is $124.14. Honeywell International Inc. has a 12-month low of $105.25 and a 12-month high of $135.33. The firm has a market cap of $102.63 billion, a P/E ratio of 21.20 and a beta of 0.92. Honeywell International also saw unusually large options trading on Wednesday. Stock investors purchased 1,503 put options on the stock. This is an increase of approximately 1,056% compared to the typical daily volume of 130 put options.
Honeywell International (NYSE:HON) last issued its quarterly earnings data on Friday, April 21st. The conglomerate reported $1.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.62 by $0.04. The company had revenue of $9.49 billion for the quarter, compared to analyst estimates of $9.33 billion. Honeywell International had a return on equity of 26.58% and a net margin of 12.43%. The business’s quarterly revenue was down .3% compared to the same quarter last year. During the same quarter last year, the company posted $1.56 earnings per share. On average, analysts expect that Honeywell International Inc. will post $7.09 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, June 9th. Shareholders of record on Friday, May 19th were issued a dividend of $0.665 per share. This represents a $2.66 annualized dividend and a dividend yield of 1.98%. The ex-dividend date of this dividend was Wednesday, May 17th. Honeywell International’s payout ratio is 42.16%.
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Several equities research analysts have commented on HON shares. Zacks Investment Research downgraded Honeywell International from a “buy” rating to a “hold” rating in a report on Tuesday, April 4th. Jefferies Group LLC boosted their target price on Honeywell International from $133.00 to $141.00 and gave the stock a “positive” rating in a report on Tuesday, February 21st. Oppenheimer Holdings, Inc. reissued an “outperform” rating and issued a $148.00 target price (up from $134.00) on shares of Honeywell International in a report on Friday, March 3rd. Credit Suisse Group reaffirmed a “hold” rating and set a $122.00 price target on shares of Honeywell International in a report on Friday, April 21st. Finally, Barclays PLC upped their price target on Honeywell International from $139.00 to $140.00 and gave the company an “overweight” rating in a report on Tuesday, April 25th. Two investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $134.05.
Institutional investors have recently modified their holdings of the company. Crestwood Advisors Group LLC purchased a new position in shares of Honeywell International during the first quarter valued at about $100,000. Peoples Financial Services CORP. raised its position in shares of Honeywell International by 62.2% in the first quarter. Peoples Financial Services CORP. now owns 811 shares of the conglomerate’s stock valued at $101,000 after buying an additional 311 shares during the last quarter. Hanson McClain Inc. raised its position in shares of Honeywell International by 0.4% in the first quarter. Hanson McClain Inc. now owns 810 shares of the conglomerate’s stock valued at $101,000 after buying an additional 3 shares during the last quarter. SRS Capital Advisors Inc. purchased a new position in shares of Honeywell International during the fourth quarter valued at about $114,000. Finally, MCF Advisors LLC raised its position in shares of Honeywell International by 55.8% in the first quarter. MCF Advisors LLC now owns 935 shares of the conglomerate’s stock valued at $117,000 after buying an additional 335 shares during the last quarter. 78.32% of the stock is currently 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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