Honeywell International Inc. (NYSE:HON) Director Sells $601,513.68 in Stock
Honeywell International Inc. (NYSE:HON) Director Linnet F. Deily sold 4,344 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $138.47, for a total transaction of $601,513.68. Following the completion of the transaction, the director now owns 9,753 shares of the company’s stock, valued at approximately $1,350,497.91. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.
Shares of Honeywell International Inc. (HON) traded up 0.24% during mid-day trading on Wednesday, hitting $139.00. 1,957,614 shares of the stock traded hands. Honeywell International Inc. has a 52 week low of $105.25 and a 52 week high of $140.07. The firm’s 50-day moving average is $135.45 and its 200-day moving average is $128.69. The stock has a market cap of $105.72 billion, a price-to-earnings ratio of 21.55 and a beta of 0.94.
Honeywell International (NYSE:HON) last announced its earnings results on Friday, July 21st. The conglomerate reported $1.80 EPS for the quarter, beating analysts’ consensus estimates of $1.78 by $0.02. The company had revenue of $10.08 billion during the quarter, compared to the consensus estimate of $9.89 billion. Honeywell International had a return on equity of 26.60% and a net margin of 12.68%. The firm’s revenue for the quarter was up .9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.70 earnings per share. On average, analysts forecast that Honeywell International Inc. will post $7.10 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 8th. Shareholders of record on Friday, August 18th will be issued a $0.665 dividend. The ex-dividend date is Wednesday, August 16th. This represents a $2.66 dividend on an annualized basis and a yield of 1.91%. Honeywell International’s dividend payout ratio (DPR) is 41.24%.
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A number of brokerages recently issued reports on HON. Cowen and Company reiterated an “outperform” rating and issued a $150.00 price objective (up previously from $140.00) on shares of Honeywell International in a report on Tuesday. BidaskClub upgraded shares of Honeywell International from a “hold” rating to a “buy” rating in a report on Sunday. Credit Suisse Group reiterated a “neutral” rating and issued a $139.00 price objective (up previously from $131.00) on shares of Honeywell International in a report on Tuesday, July 25th. Oppenheimer Holdings, Inc. raised their price objective on shares of Honeywell International from $148.00 to $155.00 and gave the company an “outperform” rating in a report on Monday, July 24th. Finally, Royal Bank Of Canada raised their price objective on shares of Honeywell International from $145.00 to $148.00 and gave the company an “outperform” rating in a report on Monday, July 24th. One investment analyst has rated the stock with a hold rating and eighteen have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $139.17.
A number of institutional investors have recently bought and sold shares of the company. Creative Planning increased its position in Honeywell International by 3.9% in the first quarter. Creative Planning now owns 61,152 shares of the conglomerate’s stock worth $7,636,000 after buying an additional 2,323 shares during the period. FTB Advisors Inc. increased its position in Honeywell International by 24.9% in the first quarter. FTB Advisors Inc. now owns 2,122 shares of the conglomerate’s stock worth $272,000 after buying an additional 423 shares during the period. Integrated Wealth Management increased its position in Honeywell International by 5.2% in the first quarter. Integrated Wealth Management now owns 4,054 shares of the conglomerate’s stock worth $506,000 after buying an additional 201 shares during the period. Public Employees Retirement Association of Colorado increased its position in Honeywell International by 5.7% in the first quarter. Public Employees Retirement Association of Colorado now owns 1,380,644 shares of the conglomerate’s stock worth $172,401,000 after buying an additional 74,611 shares during the period. Finally, Swiss National Bank increased its position in Honeywell International by 27.4% in the first quarter. Swiss National Bank now owns 2,565,473 shares of the conglomerate’s stock worth $320,351,000 after buying an additional 552,100 shares during the period. Institutional investors and hedge funds own 76.43% of the company’s stock.
About Honeywell International
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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