Investors Purchase High Volume of Put Options on Honeywell International (NYSE:HON)
Honeywell International Inc. (NYSE:HON) was the target of unusually large options trading on Friday. Stock traders acquired 4,883 put options on the company. This represents an increase of approximately 943% compared to the typical daily volume of 468 put options.
Shares of Honeywell International (NYSE:HON) opened at 135.19 on Wednesday. The company has a market cap of $103.06 billion, a P/E ratio of 21.29 and a beta of 0.95. The company’s 50-day moving average price is $133.12 and its 200-day moving average price is $125.43. Honeywell International has a 12 month low of $105.25 and a 12 month high of $135.93.
Honeywell International (NYSE:HON) last issued its quarterly earnings results on Friday, April 21st. The conglomerate reported $1.66 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.62 by $0.04. Honeywell International had a return on equity of 26.58% and a net margin of 12.43%. The company had revenue of $9.49 billion for the quarter, compared to the consensus estimate of $9.33 billion. During the same quarter in the prior year, the business earned $1.56 EPS. Honeywell International’s revenue was down .3% on a year-over-year basis. Equities analysts forecast that Honeywell International will post $7.09 EPS for the current fiscal year.
A number of analysts have weighed in on the company. Stifel Nicolaus increased their target price on Honeywell International from $136.00 to $143.00 and gave the stock a “buy” rating in a research note on Tuesday, April 25th. HSBC Holdings plc assumed coverage on Honeywell International in a research note on Wednesday, June 21st. They issued a “buy” rating and a $147.00 target price on the stock. Zacks Investment Research upgraded Honeywell International from a “hold” rating to a “buy” rating and set a $150.00 target price on the stock in a research note on Wednesday, June 28th. Oppenheimer Holdings, Inc. reiterated an “outperform” rating and issued a $148.00 target price on shares of Honeywell International in a research note on Tuesday, April 25th. Finally, Credit Suisse Group reiterated a “hold” rating and issued a $122.00 target price on shares of Honeywell International in a research note on Friday, April 21st. Two equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. Honeywell International currently has an average rating of “Buy” and an average target price of $136.05.
In other Honeywell International news, SVP Mark R. James sold 116,441 shares of the stock in a transaction 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 sale, the senior vice president now owns 240,826 shares in the company, valued at $31,420,568.22. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Jennifer H. Mak sold 5,510 shares of the stock in a transaction on Tuesday, May 23rd. The stock was sold at an average price of $131.88, for a total value of $726,658.80. Following the completion of the sale, the vice president now owns 3,141 shares in the company, valued at approximately $414,235.08. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,253,667 shares of company stock worth $164,049,416. Insiders own 1.56% of the company’s stock.
A number of large investors have recently modified their holdings of the company. Jolley Asset Management LLC increased its stake in shares of Honeywell International by 6.9% in the second quarter. Jolley Asset Management LLC now owns 775 shares of the conglomerate’s stock valued at $103,000 after buying an additional 50 shares during the period. Crestwood Advisors Group LLC bought a new stake in shares of Honeywell International during the first quarter valued at $100,000. Hanson McClain Inc. increased its stake in shares of 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. Peoples Financial Services CORP. increased its stake in shares of 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. Finally, MCF Advisors LLC increased its stake in shares of 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. Institutional investors own 76.36% of the company’s stock.
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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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