Insider Selling: Honeywell International VP Sells 8,000 Shares of Stock (HON)
Honeywell International (NYSE:HON) VP Katherine Adams sold 8,000 shares of Honeywell International stock in a transaction that occurred on Wednesday, October 23rd. The shares were sold at an average price of $86.40, for a total transaction of $691,200.00. Following the sale, the vice president now directly owns 72,448 shares of the company’s stock, valued at approximately $6,259,507. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Honeywell International (NYSE:HON) traded up 0.68% during mid-day trading on Thursday, hitting $87.28. 2,255,869 shares of the company’s stock traded hands. Honeywell International has a one year low of $57.16 and a one year high of $84.85. The stock’s 50-day moving average is $82.37 and its 200-day moving average is $78.17. The company has a market cap of $68.628 billion and a P/E ratio of 21.43.
Honeywell International (NYSE:HON) last posted its quarterly earnings results on Friday, October 18th. The company reported $1.24 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $1.24. The company had revenue of $9.60 billion for the quarter, compared to the consensus estimate of $9.92 billion. During the same quarter in the prior year, the company posted $1.20 earnings per share. The company’s quarterly revenue was up 3.3% 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.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, December 10th. Investors of record on Thursday, November 21st will be paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 2.06%. The ex-dividend date is Tuesday, November 19th. This is an increase from Honeywell International’s previous quarterly dividend of $0.41.
HON has been the subject of a number of recent research reports. Analysts at Sanford C. Bernstein raised their price target on shares of Honeywell International from $95.00 to $97.00 in a research note to investors on Wednesday. They now have an “outperform” rating on the stock. Separately, analysts at William Blair raised their price target on shares of Honeywell International from $84.00 to $88.00 in a research note to investors on Monday. They now have a “market perform” rating on the stock. Finally, analysts at Stifel Nicolaus raised their price target on shares of Honeywell International from $90.00 to $95.00 in a research note to investors on Monday. They now have a “buy” rating on the stock. Seven analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $86.13.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.