Insider Selling: Roger Fradin Unloads 12,257 Shares of Honeywell International Stock (HON)
Honeywell International (NYSE:HON) CEO Roger Fradin sold 12,257 shares of the company’s stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $95.00, for a total transaction of $1,164,415.00. Following the transaction, the chief executive officer now directly owns 258,422 shares in the company, valued at approximately $24,550,090. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
HON has been the subject of a number of recent research reports. Analysts at Argus raised their price target on shares of Honeywell International from $99.00 to $101.00 in a research note on Monday, January 27th. They now have a “buy” rating on the stock. Separately, analysts at Ladenburg Thalmann upgraded shares of Honeywell International from a “hold” rating to a “buy” rating in a research note on Monday, January 27th. Finally, analysts at Langenberg & Company upgraded shares of Honeywell International from a “hold” rating to a “buy” rating in a research note on Monday, January 27th. They now have a $100.00 price target on the stock, up previously from $90.00. Seven analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $92.09.
Honeywell International (NYSE:HON) traded up 0.66% on Thursday, hitting $93.56. 2,297,662 shares of the company’s stock traded hands. Honeywell International has a 1-year low of $68.84 and a 1-year high of $95.07. The stock’s 50-day moving average is $91.05 and its 200-day moving average is $86.76. The company has a market cap of $73.529 billion and a price-to-earnings ratio of 18.89.
Honeywell International (NYSE:HON) last issued its quarterly earnings data on Friday, January 24th. The company reported $1.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.22 by $0.02. The company had revenue of $9.58 billion for the quarter, compared to the consensus estimate of $10.19 billion. During the same quarter in the previous year, the company posted $1.10 earnings per share. The company’s revenue for the quarter was up 8.4% on a year-over-year basis. On average, analysts predict that Honeywell International will post $5.54 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, March 10th. Shareholders of record on Thursday, February 27th will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 1.92%. The ex-dividend date of this dividend is Tuesday, February 25th.
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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