Investors purchased shares of Honeywell International Inc. (NYSE:HON) on weakness during trading hours on Monday. $117.59 million flowed into the stock on the tick-up and $65.74 million flowed out of the stock on the tick-down, for a money net flow of $51.85 million into the stock. Of all equities tracked, Honeywell International had the 18th highest net in-flow for the day. Honeywell International traded down ($0.94) for the day and closed at $140.81
A number of equities research analysts recently weighed in on the stock. Morgan Stanley boosted their price target on shares of Honeywell International from $145.00 to $149.00 and gave the company an “overweight” rating in a research report on Friday. Deutsche Bank AG reaffirmed a “buy” rating and issued a $154.00 target price on shares of Honeywell International in a report on Thursday. Zacks Investment Research raised shares of Honeywell International from a “hold” rating to a “buy” rating and set a $154.00 target price for the company in a report on Thursday. Royal Bank Of Canada set a $148.00 target price on shares of Honeywell International and gave the company a “buy” rating in a report on Sunday, August 27th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and issued a $155.00 target price on shares of Honeywell International in a report on Tuesday, August 22nd. One investment analyst has rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. Honeywell International has a consensus rating of “Buy” and an average target price of $142.22.
The stock has a 50-day moving average price of $137.60 and a 200 day moving average price of $132.42. The stock has a market cap of $107.01 billion, a price-to-earnings ratio of 21.82 and a beta of 0.94.
Honeywell International (NYSE:HON) last issued its quarterly earnings data on Friday, July 21st. The conglomerate reported $1.80 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.78 by $0.02. The firm had revenue of $10.08 billion for the quarter, compared to the consensus estimate of $9.89 billion. Honeywell International had a net margin of 12.68% and a return on equity of 26.60%. During the same period last year, the firm posted $1.70 EPS. Honeywell International’s quarterly revenue was up .9% compared to the same quarter last year. Equities research analysts predict that Honeywell International Inc. will post $7.09 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 8th. Shareholders of record on Friday, August 18th were given a dividend of $0.665 per share. The ex-dividend date of this dividend was Wednesday, August 16th. This represents a $2.66 dividend on an annualized basis and a dividend yield of 1.88%. Honeywell International’s dividend payout ratio (DPR) is 41.24%.
In other Honeywell International news, insider Rajeev Gautam sold 5,840 shares of the business’s stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $136.68, for a total transaction of $798,211.20. Following the sale, the insider now directly owns 16,597 shares in the company, valued at approximately $2,268,477.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Timothy O. Mahoney sold 341,701 shares of the business’s stock in a transaction dated Wednesday, August 2nd. The stock was sold at an average price of $138.08, for a total transaction of $47,182,074.08. Following the sale, the insider now owns 294,155 shares in the company, valued at $40,616,922.40. The disclosure for this sale can be found here. Insiders have sold a total of 354,108 shares of company stock worth $48,886,463 over the last 90 days. 1.56% of the stock is owned by insiders.
Several hedge funds have recently added to or reduced their stakes in HON. Waldron LP raised its position in shares of Honeywell International by 70.0% during the 1st quarter. Waldron LP now owns 6,715 shares of the conglomerate’s stock worth $826,000 after buying an additional 2,765 shares in the last quarter. BTR Capital Management Inc. grew its stake in shares of Honeywell International by 15.1% in the 1st quarter. BTR Capital Management Inc. now owns 6,975 shares of the conglomerate’s stock worth $871,000 after purchasing an additional 915 shares during the last quarter. Headinvest LLC grew its stake in shares of Honeywell International by 3.6% in the 1st quarter. Headinvest LLC now owns 6,421 shares of the conglomerate’s stock worth $802,000 after purchasing an additional 225 shares during the last quarter. Meritage Portfolio Management acquired a new position in shares of Honeywell International in the 1st quarter worth approximately $246,000. Finally, Sit Investment Associates Inc. grew its stake in shares of Honeywell International by 2.5% in the 1st quarter. Sit Investment Associates Inc. now owns 315,645 shares of the conglomerate’s stock worth $39,415,000 after purchasing an additional 7,840 shares during the last quarter. Institutional investors own 75.77% of the company’s stock.
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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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