Investors Purchase Large Volume of Honeywell International Put Options (HON)
Honeywell International Inc. (NYSE:HON) was the target of some unusual options trading activity on Monday. Investors purchased 4,975 put options on the stock. This represents an increase of 394% compared to the typical volume of 1,008 put options.
In other Honeywell International news, CFO Thomas A. Szlosek sold 803 shares of Honeywell International stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $137.02, for a total transaction of $110,027.06. Following the completion of the sale, the chief financial officer now directly owns 5,702 shares in the company, valued at $781,288.04. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Jennifer H. Mak sold 420 shares of Honeywell International stock in a transaction that occurred on Thursday, July 27th. The shares were sold at an average price of $136.66, for a total transaction of $57,397.20. Following the sale, the vice president now owns 1,363 shares of the company’s stock, valued at $186,267.58. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 354,108 shares of company stock valued at $48,886,463. 1.56% of the stock is currently owned by company insiders.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. lifted its position in Honeywell International by 2.5% in the second quarter. Vanguard Group Inc. now owns 49,713,013 shares of the conglomerate’s stock worth $6,626,247,000 after buying an additional 1,234,672 shares during the last quarter. BlackRock Inc. lifted its position in Honeywell International by 2.8% in the second quarter. BlackRock Inc. now owns 45,038,036 shares of the conglomerate’s stock worth $6,003,117,000 after buying an additional 1,207,893 shares during the last quarter. Ameriprise Financial Inc. lifted its position in Honeywell International by 38.9% in the second quarter. Ameriprise Financial Inc. now owns 13,323,259 shares of the conglomerate’s stock worth $1,776,394,000 after buying an additional 3,728,533 shares during the last quarter. FMR LLC lifted its position in Honeywell International by 9.3% in the second quarter. FMR LLC now owns 8,405,703 shares of the conglomerate’s stock worth $1,120,396,000 after buying an additional 714,881 shares during the last quarter. Finally, Alliancebernstein L.P. lifted its position in Honeywell International by 9.1% in the second quarter. Alliancebernstein L.P. now owns 7,539,972 shares of the conglomerate’s stock worth $1,005,003,000 after buying an additional 629,221 shares during the last quarter. Institutional investors own 75.77% of the company’s stock.
Several equities research analysts have issued reports on the stock. HSBC Holdings plc assumed coverage on shares of Honeywell International in a research report on Wednesday, June 21st. They set a “buy” rating and a $147.00 target price for the company. Jefferies Group LLC reiterated a “buy” rating and set a $155.00 target price on shares of Honeywell International in a research report on Tuesday, August 22nd. Royal Bank Of Canada set a $148.00 target price on shares of Honeywell International and gave the company a “buy” rating in a research report on Sunday, August 27th. Zacks Investment Research lowered shares of Honeywell International from a “buy” rating to a “hold” rating in a research report on Monday, September 18th. Finally, BidaskClub upgraded shares of Honeywell International from a “hold” rating to a “buy” rating in a research report on Sunday, August 6th. One equities research analyst has rated the stock with a hold rating and eighteen have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $142.22.
Honeywell International (NYSE HON) opened at 142.55 on Thursday. Honeywell International has a 52 week low of $105.25 and a 52 week high of $143.15. The stock has a market capitalization of $108.42 billion, a P/E ratio of 22.10 and a beta of 0.95. The company has a 50 day moving average of $138.47 and a 200 day moving average of $133.53.
Honeywell International (NYSE:HON) last issued its quarterly earnings results on Friday, July 21st. The conglomerate reported $1.80 earnings per share (EPS) for the quarter, topping 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 27.40% and a net margin of 13.89%. Honeywell International’s revenue was up .9% on a year-over-year basis. During the same period last year, the company earned $1.70 earnings per share. Equities analysts expect that Honeywell International will post $7.09 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Friday, November 17th will be given a $0.745 dividend. The ex-dividend date of this dividend is Thursday, November 16th. This is an increase from Honeywell International’s previous quarterly dividend of $0.67. This represents a $2.98 dividend on an annualized basis and a yield of 2.09%. Honeywell International’s dividend payout ratio (DPR) is currently 41.24%.
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.
Receive News & Ratings for Honeywell International Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Honeywell International Inc. and related companies with MarketBeat.com's FREE daily email newsletter.