Honeywell International (NASDAQ:HON) Trading Up 0.8%

Honeywell International Inc. (NASDAQ:HON)’s share price was up 0.8% on Thursday . The company traded as high as $199.64 and last traded at $199.64. Approximately 314,312 shares changed hands during trading, a decline of 89% from the average daily volume of 2,971,004 shares. The stock had previously closed at $198.05.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on HON shares. StockNews.com lowered Honeywell International from a “buy” rating to a “hold” rating in a report on Thursday, May 2nd. 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. Barclays lifted their target price on shares of Honeywell International from $230.00 to $232.00 and gave the company an “overweight” rating in a report on Tuesday, April 2nd. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $215.00 price target (down from $227.00) on shares of Honeywell International in a report on Tuesday, April 16th. Finally, Berenberg Bank raised Honeywell International from a “hold” rating to a “buy” rating and lifted their price objective for the company from $195.00 to $240.00 in a report on Wednesday, March 6th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $215.71.

Honeywell International Stock Up 1.3 %

The firm’s 50-day simple moving average is $197.56 and its two-hundred day simple moving average is $196.95. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.66 and a quick ratio of 1.28. The company has a market capitalization of $130.65 billion, a price-to-earnings ratio of 23.25, a price-to-earnings-growth ratio of 2.26 and a beta of 1.02.

Honeywell International (NASDAQ:HON) last issued its quarterly earnings data on Thursday, April 25th. The conglomerate reported $2.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.17 by $0.08. The firm had revenue of $9.11 billion during the quarter, compared to analysts’ expectations of $9.03 billion. Honeywell International had a return on equity of 35.88% and a net margin of 15.52%. Honeywell International’s revenue was up 2.7% on a year-over-year basis. During the same period in the previous year, the firm posted $2.07 earnings per share. Sell-side analysts predict that Honeywell International Inc. will post 9.94 EPS for the current fiscal year.

Honeywell International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 7th. Shareholders of record on Friday, May 17th will be issued a dividend of $1.08 per share. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $4.32 annualized dividend and a yield of 2.15%. Honeywell International’s dividend payout ratio (DPR) is currently 50.06%.

Insider Buying and Selling at Honeywell International

In other Honeywell International news, Director Darius Adamczyk sold 25,500 shares of the firm’s stock in a transaction on Monday, February 12th. The stock was 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 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 accessible through this link. In related news, Director Darius Adamczyk sold 25,500 shares of the company’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $197.19, for a total value 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 accessible through the SEC website. Also, CFO Gregory P. Lewis sold 25,209 shares of the firm’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $193.06, for a total transaction of $4,866,849.54. Following the completion of the sale, the chief financial officer now directly owns 55,471 shares in the company, valued at $10,709,231.26. The disclosure for this sale can be found here. Insiders own 0.41% of the company’s stock.

Institutional Investors Weigh In On Honeywell International

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Morton Capital Management LLC CA raised its stake in shares of Honeywell International by 0.9% in the 3rd quarter. Morton Capital Management LLC CA now owns 5,828 shares of the conglomerate’s stock valued at $1,077,000 after acquiring an additional 50 shares during the period. Wayfinding Financial LLC lifted its stake in shares of Honeywell International by 3.4% during the fourth quarter. Wayfinding Financial LLC now owns 1,515 shares of the conglomerate’s stock worth $317,000 after purchasing an additional 50 shares in the last quarter. Indiana Trust & Investment Management CO grew its stake in shares of Honeywell International by 0.9% in the fourth quarter. Indiana Trust & Investment Management CO now owns 5,563 shares of the conglomerate’s stock valued at $1,167,000 after buying an additional 50 shares in the last quarter. River Street Advisors LLC grew its position in Honeywell International by 2.0% in the fourth quarter. River Street Advisors LLC now owns 2,599 shares of the conglomerate’s stock valued at $545,000 after acquiring an additional 50 shares in the last quarter. Finally, Triton Wealth Management PLLC increased its stake in Honeywell International by 4.7% during the 4th quarter. Triton Wealth Management PLLC now owns 1,132 shares of the conglomerate’s stock worth $233,000 after buying an additional 51 shares during the period. 75.91% of the stock is currently owned by institutional investors and hedge funds.

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.