Honeywell International Chairman Roger Fradin Sells 90,000 Shares (HON)
Honeywell International (NYSE:HON) Chairman Roger Fradin unloaded 90,000 shares of the company’s stock on the open market in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $95.03, for a total value of $8,552,700.00. Following the completion of the sale, the chairman now directly owns 185,711 shares of the company’s stock, valued at approximately $17,648,116. The transaction was disclosed in a filing with the SEC, which is available at this link.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Honeywell International in a research note on Tuesday, July 22nd. They now have a $102.00 price target on the stock. Separately, analysts at Bernstein raised their price target on shares of Honeywell International from $119.00 to $121.00 in a research note on Tuesday, July 22nd. They now have an “outperform” rating on the stock. Finally, analysts at Barclays raised their price target on shares of Honeywell International from $101.00 to $106.00 in a research note on Monday, July 21st. They now have an “overweight” rating on the stock. Five analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Honeywell International presently has a consensus rating of “Buy” and an average target price of $101.94.
Honeywell International (NYSE:HON) traded down 0.09% on Tuesday, hitting $94.72. The stock had a trading volume of 2,393,818 shares. Honeywell International has a one year low of $78.88 and a one year high of $98.09. The stock’s 50-day moving average is $94.27 and its 200-day moving average is $93.3. The company has a market cap of $74.122 billion and a P/E ratio of 18.63.
Honeywell International (NYSE:HON) last released its earnings data on Friday, July 18th. The company reported $1.38 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.36 by $0.02. The company had revenue of $10.30 billion for the quarter, compared to the consensus estimate of $10.19 billion. During the same quarter last year, the company posted $1.28 earnings per share. Honeywell International’s revenue was up 5.8% compared to the same quarter last year. Analysts expect that Honeywell International will post $5.54 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, September 10th. Stockholders of record on Thursday, August 21st will be paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 1.90%. The ex-dividend date is Tuesday, August 19th.
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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