Insider Selling: Honeywell International Inc. (NYSE:HON) SVP Sells 1,000 Shares of Stock

Honeywell International Inc. (NYSE:HON) SVP Katherine L. Adams sold 1,000 shares of the stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $137.24, for a total transaction of $137,240.00. Following the completion of the sale, the senior vice president now owns 180,211 shares of the company’s stock, valued at approximately $24,732,157.64. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Honeywell International Inc. (NYSE:HON) traded down 0.66% on Friday, reaching $134.95. 2,977,551 shares of the company traded hands. Honeywell International Inc. has a 1-year low of $105.25 and a 1-year high of $140.21. The stock has a market capitalization of $102.64 billion, a price-to-earnings ratio of 20.93 and a beta of 0.94. The stock’s 50-day moving average is $136.42 and its 200-day moving average is $130.09.

Honeywell International (NYSE:HON) last announced its earnings results on Friday, July 21st. The conglomerate reported $1.80 EPS for the quarter, beating the Zacks’ consensus estimate of $1.78 by $0.02. Honeywell International had a net margin of 12.68% and a return on equity of 26.60%. The business had revenue of $10.08 billion during the quarter, compared to analysts’ expectations of $9.89 billion. During the same period in the prior year, the company earned $1.70 earnings per share. The firm’s revenue was up .9% on a year-over-year basis. Equities research analysts expect that Honeywell International Inc. will post $7.09 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 8th. Stockholders of record on Friday, August 18th will be paid a $0.665 dividend. The ex-dividend date is Wednesday, August 16th. This represents a $2.66 dividend on an annualized basis and a dividend yield of 1.97%. Honeywell International’s dividend payout ratio (DPR) is presently 41.24%.

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HON has been the subject of several analyst reports. Stifel Nicolaus increased their price objective on shares of Honeywell International from $136.00 to $143.00 and gave the company a “buy” rating in a research note on Tuesday, April 25th. Citigroup Inc. increased their price objective on shares of Honeywell International from $140.00 to $147.00 and gave the company a “buy” rating in a research note on Tuesday, April 25th. HSBC Holdings plc started coverage on shares of Honeywell International in a research note on Wednesday, June 21st. They issued a “buy” rating and a $147.00 price objective for the company. Royal Bank Of Canada restated a “buy” rating on shares of Honeywell International in a research note on Friday, May 26th. Finally, Jefferies Group LLC restated a “buy” rating and set a $141.00 price target on shares of Honeywell International in a research note on Wednesday, May 17th. One equities research analyst has rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $139.64.

Several hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of 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 period. BlackRock Inc. boosted its stake in shares of 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 period. Ameriprise Financial Inc. boosted its stake in shares of 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 period. FMR LLC boosted its stake in shares of 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 period. Finally, Alliancebernstein L.P. boosted its stake in shares of 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 period. 76.49% of the stock is owned by hedge funds and other institutional investors.

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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