Traders Sell Honeywell International (HON) on Strength (HON)

Investors sold shares of Honeywell International Inc. (NYSE:HON) on strength during trading hours on Wednesday. $130.87 million flowed into the stock on the tick-up and $254.63 million flowed out of the stock on the tick-down, for a money net flow of $123.76 million out of the stock. Of all equities tracked, Honeywell International had the 6th highest net out-flow for the day. Honeywell International traded up $2.06 for the day and closed at $155.80

Several brokerages recently commented on HON. Zacks Investment Research raised shares of Honeywell International from a “hold” rating to a “buy” rating and set a $153.00 target price on the stock in a research note on Thursday, August 24th. Jefferies Group reaffirmed a “buy” rating and issued a $155.00 target price on shares of Honeywell International in a research note on Tuesday, August 22nd. Citigroup lifted their target price on shares of Honeywell International from $155.00 to $170.00 and gave the stock a “buy” rating in a research note on Monday, October 9th. Robert W. Baird reaffirmed a “buy” rating and issued a $156.00 target price (up from $140.00) on shares of Honeywell International in a research note on Wednesday, October 11th. Finally, Deutsche Bank reaffirmed a “buy” rating and issued a $154.00 target price on shares of Honeywell International in a research note on Thursday, September 21st. Two equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $154.00.

The company has a debt-to-equity ratio of 0.54, a current ratio of 1.35 and a quick ratio of 1.09. The company has a market cap of $118,690.00, a P/E ratio of 22.05, a P/E/G ratio of 2.35 and a beta of 0.99.

Honeywell International (NYSE:HON) last issued its quarterly earnings data on Friday, October 20th. The conglomerate reported $1.75 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $1.75. The business had revenue of $10.12 billion for the quarter, compared to the consensus estimate of $10.05 billion. Honeywell International had a net margin of 12.85% and a return on equity of 26.26%. The company’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.60 EPS. equities research analysts expect that Honeywell International Inc. will post 7.06 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 8th. Shareholders of record on Friday, November 17th were given a dividend of $0.745 per share. 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 1.91%. The ex-dividend date was Thursday, November 16th. Honeywell International’s payout ratio is presently 45.15%.

Honeywell International declared that its Board of Directors has initiated a share buyback plan on Friday, December 8th that authorizes the company to buyback $6.50 billion in outstanding shares. This buyback authorization authorizes the conglomerate to purchase shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s management believes its shares are undervalued.

In other Honeywell International news, Director Bradley T. Sheares sold 1,328 shares of the business’s stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $146.41, for a total transaction of $194,432.48. Following the transaction, the director now directly owns 4,002 shares of the company’s stock, valued at approximately $585,932.82. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Krishna Mikkilineni sold 13,074 shares of the business’s stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $145.12, for a total transaction of $1,897,298.88. Following the transaction, the vice president now directly owns 104,998 shares in the company, valued at $15,237,309.76. The disclosure for this sale can be found here. 1.56% of the stock is currently owned by insiders.

A number of institutional investors have recently modified their holdings of HON. Hanson McClain Inc. boosted its holdings in shares of Honeywell International by 0.4% during the 1st quarter. Hanson McClain Inc. now owns 810 shares of the conglomerate’s stock valued at $101,000 after buying an additional 3 shares in the last quarter. Burt Wealth Advisors boosted its holdings in shares of Honeywell International by 65.4% during the 2nd quarter. Burt Wealth Advisors now owns 759 shares of the conglomerate’s stock valued at $101,000 after buying an additional 300 shares in the last quarter. Guidant Wealth Advisors boosted its holdings in shares of Honeywell International by 15.8% during the 2nd quarter. Guidant Wealth Advisors now owns 764 shares of the conglomerate’s stock valued at $102,000 after buying an additional 104 shares in the last quarter. Mosaic Family Wealth LLC boosted its holdings in shares of Honeywell International by 11.4% during the 2nd quarter. Mosaic Family Wealth LLC now owns 762 shares of the conglomerate’s stock valued at $102,000 after buying an additional 78 shares in the last quarter. Finally, CKW Financial Group bought a new stake in shares of Honeywell International during the 2nd quarter valued at $108,000. 76.04% of the stock is currently owned by institutional investors and hedge funds.

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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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