Stock Traders Buy High Volume of Put Options on Honeywell International (NASDAQ:HON)

Honeywell International Inc. (NASDAQ:HON) was the recipient of some unusual options trading activity on Monday. Investors bought 10,392 put options on the company. This is an increase of 124% compared to the average volume of 4,629 put options.

Insider Activity at Honeywell International

In other news, Director Darius Adamczyk sold 25,500 shares of the company’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $197.19, for a total value of $5,028,345.00. Following the transaction, the director now directly owns 183,400 shares of the company’s stock, valued at $36,164,646. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.41% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Honeywell International

Hedge funds and other institutional investors have recently made changes to their positions in the company. Altshuler Shaham Ltd bought a new position in Honeywell International in the fourth quarter valued at approximately $27,000. Scarborough Advisors LLC acquired a new stake in shares of Honeywell International during the fourth quarter worth $27,000. Cordant Inc. bought a new stake in Honeywell International in the fourth quarter valued at about $31,000. Rakuten Securities Inc. acquired a new position in Honeywell International in the fourth quarter valued at about $31,000. Finally, Richardson Capital Management LLC bought a new position in Honeywell International during the first quarter worth about $35,000. 75.91% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

HON has been the subject of several recent analyst reports. Barclays upped their price target on Honeywell International from $230.00 to $232.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 2nd. Berenberg Bank raised shares of Honeywell International from a “hold” rating to a “buy” rating and increased their price target for the company from $195.00 to $240.00 in a report on Wednesday, March 6th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $215.00 price objective (down previously from $227.00) on shares of Honeywell International in a report on Tuesday, April 16th. Finally, Royal Bank of Canada cut their price objective on shares of Honeywell International from $210.00 to $209.00 and set a “sector perform” rating for the company in a research report on Friday, February 2nd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $219.67.

Honeywell International Trading Up 0.7 %

Shares of HON stock opened at $195.58 on Tuesday. The company has a market capitalization of $127.36 billion, a P/E ratio of 23.09, a P/E/G ratio of 2.23 and a beta of 1.02. Honeywell International has a 12-month low of $174.88 and a 12-month high of $210.87. The company has a quick ratio of 0.93, a current ratio of 1.27 and a debt-to-equity ratio of 1.01. The firm has a 50-day moving average price of $198.31 and a 200 day moving average price of $196.18.

Honeywell International (NASDAQ:HON) last released its quarterly earnings results on Thursday, February 1st. The conglomerate reported $2.60 earnings per share for the quarter, beating analysts’ consensus estimates of $2.59 by $0.01. Honeywell International had a return on equity of 35.17% and a net margin of 15.43%. The firm had revenue of $9.44 billion during the quarter, compared to analysts’ expectations of $9.70 billion. During the same period last year, the firm posted $2.52 EPS. The business’s revenue was up 2.8% on a year-over-year basis. Research analysts forecast that Honeywell International will post 9.94 earnings per share for the current fiscal year.

Honeywell International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were given a $1.08 dividend. This represents a $4.32 annualized dividend and a yield of 2.21%. The ex-dividend date was Thursday, February 29th. Honeywell International’s dividend payout ratio (DPR) is presently 51.00%.

About Honeywell International

Honeywell International Inc engages in the aerospace technologies, building automation, energy and sustainable solutions, and industrial automation businesses in the United States, Europe, and internationally. The company's Aerospace segment offers auxiliary power units, propulsion engines, integrated avionics, environmental control and electric power systems, engine controls, flight safety, communications, navigation hardware, data and software applications, radar and surveillance systems, aircraft lighting, advanced systems and instruments, satellite and space components, and aircraft wheels and brakes; spare parts; repair, overhaul, and maintenance services; and thermal systems, as well as wireless connectivity services.