Investors sold shares of Honeywell (NYSE:HON) on strength during trading hours on Monday. $55.62 million flowed into the stock on the tick-up and $95.30 million flowed out of the stock on the tick-down, for a money net flow of $39.68 million out of the stock. Of all stocks tracked, Honeywell had the 33rd highest net out-flow for the day. Honeywell traded up $2.15 for the day and closed at $150.49
A number of brokerages recently issued reports on HON. Robert W. Baird restated a “buy” rating and issued a $187.00 price objective on shares of Honeywell in a research note on Friday, January 26th. Bank of America boosted their price objective on Honeywell from $117.12 to $168.00 and gave the company a “buy” rating in a research note on Friday, January 26th. TheStreet cut Honeywell from an “a+” rating to a “c+” rating in a research note on Friday, January 26th. ValuEngine upgraded Honeywell from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Finally, Stifel Nicolaus restated a “buy” rating and issued a $165.00 price objective on shares of Honeywell in a research note on Friday, February 16th. Three analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Honeywell currently has a consensus rating of “Buy” and an average target price of $167.53.
The company has a quick ratio of 1.11, a current ratio of 1.36 and a debt-to-equity ratio of 0.72. The firm has a market cap of $112.41 billion, a price-to-earnings ratio of 21.28, a PEG ratio of 2.02 and a beta of 0.98.
Honeywell (NYSE:HON) last posted its earnings results on Friday, April 20th. The conglomerate reported $1.95 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.89 by $0.06. The business had revenue of $10.39 billion during the quarter, compared to analyst estimates of $10.03 billion. Honeywell had a return on equity of 29.25% and a net margin of 4.26%. The company’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.71 EPS. analysts predict that Honeywell will post 8.02 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, June 8th. Shareholders of record on Friday, May 18th will be issued a dividend of $0.745 per share. This represents a $2.98 dividend on an annualized basis and a yield of 1.97%. The ex-dividend date of this dividend is Thursday, May 17th. Honeywell’s payout ratio is presently 41.91%.
In other Honeywell news, Director Jaime Chico /Fa Pardo sold 2,868 shares of Honeywell stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $156.36, for a total transaction of $448,440.48. Following the completion of the transaction, the director now owns 41,092 shares of the company’s stock, valued at approximately $6,425,145.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.33% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently modified their holdings of the company. Wagner Wealth Management LLC purchased a new position in shares of Honeywell during the fourth quarter worth about $101,000. Welch Group LLC purchased a new position in shares of Honeywell during the fourth quarter worth about $100,000. Well Done LLC purchased a new position in shares of Honeywell during the first quarter worth about $103,000. Taylor Hoffman Wealth Management purchased a new stake in Honeywell in the fourth quarter worth approximately $113,000. Finally, Bruderman Asset Management LLC purchased a new stake in Honeywell in the first quarter worth approximately $114,000. 74.46% of the stock is owned by institutional investors.
Honeywell Company Profile
Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. It operates through four segments: Aerospace; Home and Building Technologies; Performance Materials and Technologies; and Safety and Productivity Solutions. The Aerospace segment supplies products, software, and services for aircraft and vehicles that it sells to original equipment manufacturers and other customers in various markets, including air transport, regional, business and general aviation aircraft, airlines, aircraft operators, defense and space contractors, and automotive and truck manufacturers.
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