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

Traders sold shares of Honeywell International Inc. (NYSE:HON) on strength during trading on Friday. $150.80 million flowed into the stock on the tick-up and $217.07 million flowed out of the stock on the tick-down, for a money net flow of $66.27 million out of the stock. Of all companies tracked, Honeywell International had the 27th highest net out-flow for the day. Honeywell International traded up $1.88 for the day and closed at $147.90

HON has been the subject of several analyst reports. Deutsche Bank reissued a “buy” rating and set a $171.00 target price on shares of Honeywell International in a research note on Tuesday, November 28th. Royal Bank of Canada boosted their target price on Honeywell International from $148.00 to $156.00 and gave the stock an “outperform” rating in a research note on Monday, October 23rd. Zacks Investment Research cut Honeywell International from a “buy” rating to a “hold” rating in a research note on Thursday, November 30th. Citigroup set a $180.00 target price on Honeywell International and gave the stock a “buy” rating in a research note on Thursday, December 14th. Finally, Oppenheimer boosted their target price on Honeywell International from $155.00 to $168.00 and gave the stock an “outperform” rating in a research note on Thursday, December 14th. Three analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $163.93.

The firm has a market cap of $111,930.00, a PE ratio of 71.11, a PEG ratio of 2.13 and a beta of 0.96. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.38 and a quick ratio of 1.13.

Honeywell International (NYSE:HON) last posted its earnings results on Friday, January 26th. The conglomerate reported $1.85 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.84 by $0.01. Honeywell International had a return on equity of 27.27% and a net margin of 4.08%. The business had revenue of $10.84 billion during the quarter, compared to the consensus estimate of $10.80 billion. During the same period in the previous year, the business earned $1.74 EPS. The business’s quarterly revenue was up 8.6% on a year-over-year basis. equities research analysts predict that Honeywell International Inc. will post 7.97 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, March 9th. Stockholders of record on Friday, February 23rd will be issued a $0.745 dividend. This represents a $2.98 annualized dividend and a dividend yield of 2.01%. The ex-dividend date is Thursday, February 22nd. Honeywell International’s payout ratio is currently 143.27%.

Honeywell International announced that its board has authorized a stock buyback plan on Friday, December 8th that permits the company to repurchase $6.50 billion in shares. This repurchase authorization permits the conglomerate to repurchase shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s board believes its shares are undervalued.

Institutional investors have recently bought and sold shares of the company. Welch Group LLC purchased a new stake in shares of Honeywell International in the 4th quarter valued at about $100,000. Taylor Hoffman Wealth Management purchased a new stake in shares of Honeywell International in the 4th quarter valued at about $113,000. Burt Wealth Advisors raised its stake in 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 acquiring an additional 300 shares during the last quarter. Mosaic Family Wealth LLC raised its stake in 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 acquiring an additional 78 shares during the last quarter. Finally, Guidant Wealth Advisors raised its stake in 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 acquiring an additional 104 shares during the last quarter. 76.52% of the stock is owned by institutional investors and hedge funds.

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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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