Honeywell International Inc. (NYSE:HON) Director Bradley T. Sheares sold 1,328 shares of the business’s stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $146.41, for a total value of $194,432.48. Following the completion of the sale, 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 Securities & Exchange Commission, which is available through this hyperlink.
Honeywell International Inc. (HON) traded down $0.95 during trading on Thursday, reaching $146.37. The company’s stock had a trading volume of 2,521,500 shares, compared to its average volume of 2,703,121. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.09 and a current ratio of 1.35. The firm has a market cap of $112,231.73, a PE ratio of 21.20, a price-to-earnings-growth ratio of 2.26 and a beta of 0.97. Honeywell International Inc. has a 12-month low of $111.78 and a 12-month high of $147.60.
Honeywell International (NYSE:HON) last released its quarterly earnings data on Friday, October 20th. The conglomerate reported $1.75 earnings per share for the quarter, meeting the consensus estimate of $1.75. Honeywell International had a return on equity of 26.26% and a net margin of 12.85%. The company had revenue of $10.12 billion for the quarter, compared to analyst estimates of $10.05 billion. During the same period in the prior year, the company posted $1.60 EPS. The company’s revenue was up 3.2% compared to the same quarter last year. sell-side analysts expect that Honeywell International Inc. will post 7.06 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Friday, November 17th will be paid a $0.745 dividend. This is a positive change from Honeywell International’s previous quarterly dividend of $0.67. This represents a $2.98 annualized dividend and a dividend yield of 2.04%. The ex-dividend date of this dividend is Thursday, November 16th. Honeywell International’s dividend payout ratio is currently 40.30%.
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A number of brokerages have weighed in on HON. Zacks Investment Research cut Honeywell International from a “buy” rating to a “hold” rating in a research report on Monday, August 14th. Cowen and Company reaffirmed an “outperform” rating and issued a $150.00 price target (up previously from $140.00) on shares of Honeywell International in a research report on Tuesday, August 8th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $155.00 price target on shares of Honeywell International in a research report on Tuesday, August 22nd. BidaskClub raised Honeywell International from a “hold” rating to a “buy” rating in a research report on Sunday, August 6th. Finally, Credit Suisse Group reissued a “neutral” rating and set a $139.00 price objective (up previously from $131.00) on shares of Honeywell International in a research report on Tuesday, July 25th. One research analyst has rated the stock with a hold rating and seventeen have issued a buy rating to the stock. Honeywell International currently has a consensus rating of “Buy” and an average target price of $150.79.
Several hedge funds have recently added to or reduced their stakes in HON. MUFG Americas Holdings Corp grew its stake in shares of Honeywell International by 0.8% in the 1st quarter. MUFG Americas Holdings Corp now owns 87,390 shares of the conglomerate’s stock valued at $10,912,000 after purchasing an additional 691 shares during the period. LS Investment Advisors LLC grew its stake in shares of Honeywell International by 7.1% in the 1st quarter. LS Investment Advisors LLC now owns 34,919 shares of the conglomerate’s stock valued at $4,360,000 after purchasing an additional 2,325 shares during the period. Swiss National Bank grew its stake in shares of Honeywell International by 27.4% in the 1st quarter. Swiss National Bank now owns 2,565,473 shares of the conglomerate’s stock valued at $320,351,000 after purchasing an additional 552,100 shares during the period. World Asset Management Inc grew its stake in shares of Honeywell International by 19.6% in the 1st quarter. World Asset Management Inc now owns 84,470 shares of the conglomerate’s stock valued at $10,548,000 after purchasing an additional 13,848 shares during the period. Finally, Morse Asset Management Inc bought a new stake in shares of Honeywell International in the 1st quarter valued at approximately $693,000. Institutional investors own 76.24% of the company’s stock.
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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