Honeywell International Inc. (HON) VP Sells $1,897,298.88 in Stock
Honeywell International Inc. (NYSE:HON) VP Krishna Mikkilineni sold 13,074 shares of Honeywell International stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $145.12, for a total value of $1,897,298.88. Following the transaction, the vice president now owns 104,998 shares of the company’s stock, valued at $15,237,309.76. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Shares of Honeywell International Inc. (NYSE HON) traded up $1.37 during trading on Tuesday, reaching $146.97. 2,102,683 shares of the company were exchanged, compared to its average volume of 2,470,000. The company has a current ratio of 1.35, a quick ratio of 1.09 and a debt-to-equity ratio of 0.54. Honeywell International Inc. has a 12-month low of $109.45 and a 12-month high of $147.00. The stock has a market cap of $111,670.00, a PE ratio of 20.86, a price-to-earnings-growth ratio of 2.22 and a beta of 0.97.
Honeywell International (NYSE:HON) last announced its quarterly earnings results on Friday, October 20th. The conglomerate reported $1.75 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.75. Honeywell International had a net margin of 12.85% and a return on equity of 26.26%. The firm had revenue of $10.12 billion during the quarter, compared to analysts’ expectations of $10.05 billion. During the same period in the prior year, the company earned $1.60 EPS. The firm’s revenue was up 3.2% on a year-over-year basis. analysts predict that Honeywell International Inc. will post 7.06 earnings per share for the current year.
The firm 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 dividend of $0.745 per share. This represents a $2.98 dividend on an annualized basis and a yield of 2.03%. This is a boost from Honeywell International’s previous quarterly dividend of $0.67. The ex-dividend date of this dividend is Thursday, November 16th. Honeywell International’s dividend payout ratio is 40.30%.
A number of institutional investors have recently made changes to their positions in the stock. Hanson McClain Inc. boosted its position in Honeywell International by 0.4% during the 1st quarter. Hanson McClain Inc. now owns 810 shares of the conglomerate’s stock worth $101,000 after purchasing an additional 3 shares during the period. Addison Capital Co boosted its position in Honeywell International by 0.3% during the 2nd quarter. Addison Capital Co now owns 2,643 shares of the conglomerate’s stock worth $352,000 after purchasing an additional 7 shares during the period. Keel Point LLC boosted its position in Honeywell International by 0.3% during the 1st quarter. Keel Point LLC now owns 3,487 shares of the conglomerate’s stock worth $435,000 after purchasing an additional 10 shares during the period. Hudock Capital Group LLC boosted its position in Honeywell International by 0.3% during the 2nd quarter. Hudock Capital Group LLC now owns 4,041 shares of the conglomerate’s stock worth $538,000 after purchasing an additional 14 shares during the period. Finally, Rowland & Co. Investment Counsel ADV boosted its position in Honeywell International by 0.4% during the 2nd quarter. Rowland & Co. Investment Counsel ADV now owns 3,735 shares of the conglomerate’s stock worth $499,000 after purchasing an additional 14 shares during the period. 75.99% of the stock is owned by hedge funds and other institutional investors.
Several research analysts have weighed in on the company. Oppenheimer Holdings, Inc. boosted their price target on Honeywell International from $148.00 to $155.00 and gave the company an “outperform” rating in a report on Monday, July 24th. Cowen and Company reiterated a “buy” rating and issued a $140.00 price target on shares of Honeywell International in a report on Monday, July 17th. BidaskClub upgraded Honeywell International from a “hold” rating to a “buy” rating in a report on Sunday, August 6th. Royal Bank Of Canada set a $148.00 price target on Honeywell International and gave the company a “buy” rating in a report on Sunday, August 27th. Finally, Zacks Investment Research downgraded Honeywell International from a “buy” rating to a “hold” rating in a report on Tuesday, July 18th. One equities research analyst has rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. Honeywell International currently has an average rating of “Buy” and a consensus price target of $150.79.
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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