Honeywell International Target of Unusually Large Options Trading (NYSE:HON)
Honeywell International Inc. (NYSE:HON) was the target of unusually large options trading on Monday. Stock investors purchased 7,655 call options on the company. This is an increase of 707% compared to the average daily volume of 948 call options.
A number of equities research analysts recently commented on HON shares. BidaskClub lowered Honeywell International from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, June 28th. Zacks Investment Research upgraded Honeywell International from a “hold” rating to a “buy” rating and set a $150.00 price target on the stock in a research report on Wednesday, June 28th. Morgan Stanley restated an “overweight” rating and set a $141.00 price target (up from $137.00) on shares of Honeywell International in a research report on Thursday, June 22nd. HSBC Holdings plc started coverage on Honeywell International in a research report on Wednesday, June 21st. They set a “buy” rating and a $147.00 price target on the stock. Finally, Royal Bank of Canada restated a “buy” rating on shares of Honeywell International in a research report on Friday, May 26th. One equities research analyst has rated the stock with a hold rating and eighteen have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $135.81.
In other news, CFO Thomas A. Szlosek sold 36,080 shares of the stock in a transaction that occurred on Monday, May 8th. The stock was sold at an average price of $131.16, for a total value of $4,732,252.80. Following the completion of the transaction, the chief financial officer now directly owns 2,160 shares of the company’s stock, valued at approximately $283,305.60. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Mark R. James sold 116,441 shares of the stock in a transaction that occurred on Wednesday, April 26th. The stock was sold at an average price of $130.47, for a total value of $15,192,057.27. Following the completion of the transaction, the senior vice president now directly owns 240,826 shares of the company’s stock, valued at $31,420,568.22. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,253,667 shares of company stock valued at $164,049,416. 1.56% of the stock is currently owned by insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in HON. Lyell Wealth Management LP bought a new position in Honeywell International during the fourth quarter worth $2,937,000. First Allied Advisory Services Inc. increased its position in Honeywell International by 14.4% in the fourth quarter. First Allied Advisory Services Inc. now owns 17,742 shares of the conglomerate’s stock worth $2,055,000 after buying an additional 2,229 shares in the last quarter. Cim Investment Mangement Inc. increased its position in Honeywell International by 1.1% in the fourth quarter. Cim Investment Mangement Inc. now owns 9,341 shares of the conglomerate’s stock worth $1,082,000 after buying an additional 106 shares in the last quarter. Bluestein R H & Co. increased its position in Honeywell International by 5.4% in the fourth quarter. Bluestein R H & Co. now owns 327,545 shares of the conglomerate’s stock worth $37,946,000 after buying an additional 16,868 shares in the last quarter. Finally, Edge Asset Management Inc. increased its position in Honeywell International by 13.5% in the fourth quarter. Edge Asset Management Inc. now owns 535,159 shares of the conglomerate’s stock worth $61,998,000 after buying an additional 63,447 shares in the last quarter. 78.06% of the stock is owned by hedge funds and other institutional investors.
Honeywell International (HON) traded up 0.42% during mid-day trading on Monday, hitting $134.69. The company’s stock had a trading volume of 2,051,322 shares. Honeywell International has a 52-week low of $105.25 and a 52-week high of $135.90. The firm has a market cap of $102.68 billion, a price-to-earnings ratio of 21.21 and a beta of 0.95. The firm has a 50 day moving average of $133.12 and a 200-day moving average of $125.43.
Honeywell International (NYSE:HON) last posted its quarterly earnings data on Friday, April 21st. The conglomerate reported $1.66 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.62 by $0.04. The firm had revenue of $9.49 billion during the quarter, compared to analyst estimates of $9.33 billion. Honeywell International had a net margin of 12.43% and a return on equity of 26.58%. The company’s revenue for the quarter was down .3% on a year-over-year basis. During the same quarter last year, the business posted $1.56 EPS. On average, equities research analysts expect that Honeywell International will post $7.08 EPS for the current fiscal year.
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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