Honeywell International Chairman Unloads $8,552,700 in Stock (HON)
Honeywell International (NYSE:HON) Chairman Roger Fradin unloaded 90,000 shares of the company’s stock on the open market in a transaction dated 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 in the company, valued at approximately $17,648,116. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Honeywell International (NYSE:HON) traded up 0.27% on Thursday, hitting $96.03. 726,727 shares of the company’s stock traded hands. Honeywell International has a 52-week low of $78.88 and a 52-week high of $98.09. The stock has a 50-day moving average of $94.35 and a 200-day moving average of $93.40. The company has a market cap of $75.148 billion and a P/E ratio of 18.82.
Honeywell International (NYSE:HON) last posted its quarterly earnings results 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. On average, analysts predict that Honeywell International will post $5.54 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, September 10th. Shareholders 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 1.88%. The ex-dividend date is Tuesday, August 19th.
A number of research firms have recently commented on HON. 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 investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $101.94.
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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