Honeywell International (NASDAQ:HON) Shares Down 1.1%

Honeywell International Inc. (NASDAQ:HON) dropped 1.1% during mid-day trading on Friday . The stock traded as low as $190.11 and last traded at $190.88. Approximately 716,452 shares traded hands during mid-day trading, a decline of 76% from the average daily volume of 2,989,544 shares. The stock had previously closed at $193.02.

Wall Street Analyst Weigh In

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

Honeywell International Stock Up 0.2 %

The company’s fifty day simple moving average is $198.25 and its 200-day simple moving average is $196.22. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.27 and a quick ratio of 0.93. The firm has a market capitalization of $125.97 billion, a PE ratio of 22.84, a price-to-earnings-growth ratio of 2.23 and a beta of 1.02.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings data on Thursday, April 25th. The conglomerate reported $2.25 EPS for the quarter, topping the consensus estimate of $2.17 by $0.08. Honeywell International had a net margin of 15.43% and a return on equity of 35.17%. The business had revenue of $9.11 billion during the quarter, compared to the consensus estimate of $9.03 billion. During the same period in the previous year, the firm posted $2.07 earnings per share. The business’s revenue for the quarter was up 2.7% compared to the same quarter last year. On average, analysts forecast that Honeywell International Inc. will post 9.94 EPS for the current year.

Honeywell International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were given a dividend of $1.08 per share. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $4.32 dividend on an annualized basis and a yield of 2.23%. Honeywell International’s dividend payout ratio is presently 51.00%.

Insider Activity at Honeywell International

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

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Price T Rowe Associates Inc. MD increased its stake in shares of Honeywell International by 32.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 7,840,959 shares of the conglomerate’s stock worth $1,644,328,000 after purchasing an additional 1,899,373 shares in the last quarter. Ameriprise Financial Inc. increased its stake in shares of Honeywell International by 5.2% during the third quarter. Ameriprise Financial Inc. now owns 6,995,897 shares of the conglomerate’s stock worth $1,292,307,000 after purchasing an additional 347,808 shares in the last quarter. Northern Trust Corp increased its stake in shares of Honeywell International by 0.3% during the fourth quarter. Northern Trust Corp now owns 6,451,134 shares of the conglomerate’s stock worth $1,352,867,000 after purchasing an additional 17,591 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Honeywell International by 1.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,621,544 shares of the conglomerate’s stock worth $759,474,000 after purchasing an additional 66,213 shares in the last quarter. Finally, Barclays PLC increased its stake in shares of Honeywell International by 57.3% during the third quarter. Barclays PLC now owns 3,190,755 shares of the conglomerate’s stock worth $589,462,000 after purchasing an additional 1,162,518 shares in the last quarter. Institutional investors and hedge funds own 75.91% of the company’s stock.

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.