Katherine L. Adams Sells 116,021 Shares of Honeywell International Inc. (HON) Stock
Honeywell International Inc. (NYSE:HON) SVP Katherine L. Adams sold 116,021 shares of the stock in a transaction that occurred on Monday, May 22nd. The stock was sold at an average price of $131.70, for a total value of $15,279,965.70. Following the completion of the transaction, the senior vice president now directly owns 286,199 shares of the company’s stock, valued at $37,692,408.30. The sale was disclosed in a filing with the SEC, which is available at this link.
Honeywell International Inc. (NYSE:HON) traded up 0.01% on Tuesday, reaching $131.85. The company’s stock had a trading volume of 2,291,033 shares. The company has a market cap of $100.51 billion, a P/E ratio of 20.76 and a beta of 0.94. The stock’s 50 day moving average price is $128.19 and its 200 day moving average price is $121.53. Honeywell International Inc. has a 12 month low of $105.25 and a 12 month high of $135.00. Honeywell International also was the target of some unusual options trading activity on Monday. Stock investors bought 6,013 put options on the company. This is an increase of approximately 541% compared to the average volume of 938 put options.
Honeywell International (NYSE:HON) last issued its quarterly earnings results on Friday, April 21st. The conglomerate reported $1.66 EPS for the quarter, beating the Zacks’ consensus estimate of $1.62 by $0.04. The business had revenue of $9.49 billion for the quarter, compared to analysts’ expectations of $9.33 billion. Honeywell International had a net margin of 12.07% and a return on equity of 26.79%. The business’s quarterly revenue was down .3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.56 earnings per share. Equities research analysts forecast that Honeywell International Inc. will post $7.09 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, June 9th. Shareholders of record on Friday, May 19th will be given a dividend of $0.665 per share. The ex-dividend date of this dividend is Wednesday, May 17th. This represents a $2.66 dividend on an annualized basis and a yield of 2.02%. Honeywell International’s dividend payout ratio (DPR) is currently 43.39%.
A number of research firms recently weighed in on HON. Jefferies Group LLC reaffirmed a “buy” rating and set a $141.00 price target on shares of Honeywell International in a report on Wednesday, May 17th. Oppenheimer Holdings Inc. reaffirmed an “outperform” rating and set a $148.00 price target on shares of Honeywell International in a report on Tuesday, April 25th. Stifel Nicolaus raised their price target on Honeywell International from $136.00 to $143.00 and gave the company a “buy” rating in a report on Tuesday, April 25th. Citigroup Inc raised their price target on Honeywell International from $140.00 to $147.00 and gave the company a “buy” rating in a report on Tuesday, April 25th. Finally, Barclays PLC raised their price target on Honeywell International from $139.00 to $140.00 and gave the company an “overweight” rating in a report on Tuesday, April 25th. Two investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. Honeywell International has an average rating of “Buy” and an average price target of $134.05.
Hedge funds have recently modified their holdings of the stock. Stockman Asset Management boosted its position in Honeywell International by 4.6% in the third quarter. Stockman Asset Management now owns 21,187 shares of the conglomerate’s stock worth $2,470,000 after buying an additional 938 shares during the period. Yorktown Management & Research Co Inc bought a new position in Honeywell International during the third quarter worth about $210,000. Moon Capital Management LLC boosted its position in Honeywell International by 15.0% in the third quarter. Moon Capital Management LLC now owns 3,060 shares of the conglomerate’s stock worth $357,000 after buying an additional 400 shares during the period. Spectrum Management Group Inc. bought a new position in Honeywell International during the third quarter worth about $611,000. Finally, Rockefeller Financial Services Inc. boosted its position in Honeywell International by 8.3% in the third quarter. Rockefeller Financial Services Inc. now owns 109,254 shares of the conglomerate’s stock worth $12,738,000 after buying an additional 8,347 shares during the period. 76.17% of the stock is currently owned by institutional investors and hedge funds.
Honeywell International Company Profile
Honeywell International Inc is a technology and manufacturing company. The Company operates through four segments: Aerospace, Home and Building Technologies, Performance Materials and Technologies, and Safety and Productivity Solutions. The Company’s Aerospace segment supplies products, software and services for aircraft and vehicles that it sells to original equipment manufacturers (OEMs) and other customers.
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