Insider Selling: Honeywell International Inc. (HON) VP Sells 5,510 Shares of Stock
Honeywell International Inc. (NYSE:HON) VP Jennifer H. Mak sold 5,510 shares of the business’s stock in a transaction on Tuesday, May 23rd. The shares were sold at an average price of $131.88, for a total transaction of $726,658.80. Following the transaction, the vice president now owns 3,141 shares of the company’s stock, valued at $414,235.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Honeywell International Inc. (NYSE:HON) traded up 0.22% during mid-day trading on Wednesday, hitting $132.14. 2,172,656 shares of the stock were exchanged. The company has a market cap of $100.74 billion, a P/E ratio of 20.81 and a beta of 0.94. Honeywell International Inc. has a one year low of $105.25 and a one year high of $135.00. The company has a 50-day moving average price of $128.40 and a 200-day moving average price of $121.70. Honeywell International also was the target of some unusual options trading activity on Monday. Investors purchased 6,013 put options on the company. This represents an increase of approximately 541% compared to the average daily volume of 938 put options.
Honeywell International (NYSE:HON) last announced its quarterly earnings results on Friday, April 21st. The conglomerate reported $1.66 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.62 by $0.04. The business had revenue of $9.49 billion during the quarter, compared to the consensus estimate of $9.33 billion. Honeywell International had a net margin of 12.07% and a return on equity of 26.79%. The business’s revenue was down .3% compared to the same quarter last year. During the same quarter last year, the firm posted $1.56 EPS. Analysts forecast that Honeywell International Inc. will post $7.09 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 9th. Shareholders of record on Friday, May 19th will be issued a dividend of $0.665 per share. The ex-dividend date of this dividend is Wednesday, May 17th. This represents a $2.66 annualized dividend and a yield of 2.01%. Honeywell International’s dividend payout ratio (DPR) is currently 43.39%.
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A number of institutional investors have recently bought and sold shares of the stock. Crestwood Advisors Group LLC acquired a new position in Honeywell International during the first quarter valued at $100,000. Peoples Financial Services CORP. increased its position in Honeywell International by 62.2% in the first quarter. Peoples Financial Services CORP. now owns 811 shares of the conglomerate’s stock valued at $101,000 after buying an additional 311 shares during the period. Hanson McClain Inc. increased its position in Honeywell International by 0.4% in the first quarter. Hanson McClain Inc. now owns 810 shares of the conglomerate’s stock valued at $101,000 after buying an additional 3 shares during the period. SRS Capital Advisors Inc. acquired a new position in Honeywell International during the fourth quarter valued at $114,000. Finally, MCF Advisors LLC increased its position in Honeywell International by 55.8% in the first quarter. MCF Advisors LLC now owns 935 shares of the conglomerate’s stock valued at $117,000 after buying an additional 335 shares during the period. Hedge funds and other institutional investors own 76.17% of the company’s stock.
A number of research analysts recently issued reports on the stock. Citigroup Inc boosted their target price on shares of Honeywell International from $140.00 to $147.00 and gave the company a “buy” rating in a research report on Tuesday, April 25th. Stifel Nicolaus boosted their target price on shares of Honeywell International from $136.00 to $143.00 and gave the company a “buy” rating in a research report on Tuesday, April 25th. Royal Bank of Canada lifted their price objective on shares of Honeywell International from $144.00 to $145.00 and gave the company an “outperform” rating in a report on Monday, April 24th. Cowen and Company reaffirmed a “buy” rating on shares of Honeywell International in a report on Monday, April 24th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and issued a $141.00 price objective on shares of Honeywell International in a report on Wednesday, May 17th. Two equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $134.05.
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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