Honeywell International Inc. (NYSE:HON) Chairman Darius Adamczyk sold 7,149 shares of the stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $165.08, for a total transaction of $1,180,156.92. Following the transaction, the chairman now directly owns 75,521 shares of the company’s stock, valued at approximately $12,467,006.68. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.
HON stock traded up $2.76 during midday trading on Friday, hitting $165.03. The company’s stock had a trading volume of 1,729,724 shares, compared to its average volume of 2,700,410. The company has a quick ratio of 0.96, a current ratio of 1.19 and a debt-to-equity ratio of 0.48. Honeywell International Inc. has a 52-week low of $123.48 and a 52-week high of $178.47. The firm has a market capitalization of $117.58 billion, a P/E ratio of 20.60, a PEG ratio of 2.24 and a beta of 1.09. The firm has a 50-day simple moving average of $172.02 and a 200-day simple moving average of $164.87.
Honeywell International (NYSE:HON) last issued its quarterly earnings results on Thursday, July 18th. The conglomerate reported $2.10 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.08 by $0.02. Honeywell International had a net margin of 18.17% and a return on equity of 32.02%. The company had revenue of $9.24 billion during the quarter, compared to analysts’ expectations of $9.37 billion. During the same quarter last year, the company posted $2.12 EPS. The firm’s revenue was down 15.3% compared to the same quarter last year. On average, sell-side analysts expect that Honeywell International Inc. will post 8.1 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 6th. Shareholders of record on Friday, August 16th will be given a $0.82 dividend. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $3.28 annualized dividend and a yield of 1.99%. Honeywell International’s dividend payout ratio is presently 40.95%.
HON has been the subject of a number of research analyst reports. Royal Bank of Canada set a $177.00 price objective on shares of Honeywell International and gave the stock a “buy” rating in a research report on Friday, July 19th. ValuEngine cut shares of Honeywell International from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th. Jefferies Financial Group increased their price objective on shares of Honeywell International from $190.00 to $195.00 and gave the stock a “buy” rating in a research report on Friday, July 19th. Cowen reaffirmed a “buy” rating and set a $180.00 price objective on shares of Honeywell International in a research report on Friday, August 2nd. Finally, Morgan Stanley increased their price objective on shares of Honeywell International from $183.00 to $188.00 and gave the stock an “overweight” rating in a research report on Friday, July 19th. Four analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. Honeywell International has a consensus rating of “Buy” and a consensus price target of $184.08.
Several institutional investors have recently added to or reduced their stakes in HON. Cordasco Financial Network purchased a new stake in shares of Honeywell International during the 1st quarter worth $25,000. Joseph P. Lucia & Associates LLC purchased a new stake in shares of Honeywell International during the 1st quarter worth $25,000. Lenox Wealth Advisors LLC lifted its position in shares of Honeywell International by 453.8% during the 2nd quarter. Lenox Wealth Advisors LLC now owns 144 shares of the conglomerate’s stock worth $25,000 after purchasing an additional 118 shares during the last quarter. Krane Funds Advisors LLC purchased a new stake in shares of Honeywell International during the 2nd quarter worth $25,000. Finally, Mackey Komara & Dankovich LLC purchased a new stake in shares of Honeywell International during the 1st quarter worth $29,000. 77.29% of the stock is owned by institutional investors and hedge funds.
Honeywell International Company Profile
Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. Its Aerospace segment supplies products, software, and services for aircrafts and vehicles. This 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 connected solutions and data services for the aftermarket, as well as provides wireless connectivity and management and technical services.
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