Honeywell International CEO Unloads $273,130 in Stock (HON)
Honeywell International (NYSE:HON) CEO Andreas Kramvis sold 3,205 shares of Honeywell International stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $85.22, for a total value of $273,130.10. Following the completion of the transaction, the chief executive officer now directly owns 75,793 shares of the company’s stock, valued at approximately $6,459,079. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of research firms have recently commented on HON. Analysts at William Blair reiterated a “hold” rating on shares of Honeywell International (NYSE:HON) in a research note to investors on Thursday, August 22nd. They now have a $84.00 price target on the stock. Separately, analysts at RBC Capital raised their price target on shares of Honeywell International (NYSE:HON) from $77.00 to $80.00 in a research note to investors on Thursday, August 22nd. Finally, analysts at Sanford C. Bernstein raised their price target on shares of Honeywell International (NYSE:HON) from $89.00 to $95.00 in a research note to investors on Tuesday, August 13th. They now have an “outperform” rating on the stock.
Six research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Honeywell International has an average rating of “Buy” and an average target price of $84.45.
Honeywell International (NYSE:HON) traded up 0.14% on Tuesday, hitting $84.25. The stock had a trading volume of 2,234,966 shares. Honeywell International has a one year low of $58.29 and a one year high of $87.55. The stock’s 50-day moving average is $82.74 and its 200-day moving average is $78.94. The company has a market cap of $66.123 billion and a P/E ratio of 21.06.
Honeywell International (NYSE:HON) last announced its earnings results on Friday, July 19th. The company reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.21 by $0.07. The company had revenue of $9.44 billion for the quarter, compared to the consensus estimate of $9.70 billion. During the same quarter in the previous year, the company posted $1.14 earnings per share. The company’s revenue for the quarter was up 2.7% on a year-over-year basis. On average, analysts predict that Honeywell International will post $4.95 earnings per share for the current fiscal year.
Honeywell International Inc (NYSE:HON) is a diversified technology and manufacturing company, serving customers worldwide with aerospace products and services, control, sensing and security technologies for buildings, homes and industry, turbochargers, automotive products, specialty chemicals, electronic and advanced materials, process technology for refining and petrochemicals, and energy efficient products and solutions for homes, business and transportation.
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