Honeywell International (NASDAQ:HON) Sees Large Volume Increase

Shares of Honeywell International Inc. (NASDAQ:HON) saw unusually-high trading volume on Friday . Approximately 1,511,363 shares traded hands during trading, a decline of 45% from the previous session’s volume of 2,771,366 shares.The stock last traded at $193.73 and had previously closed at $193.56.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on HON shares. UBS Group reduced their price target on shares of Honeywell International from $185.00 to $180.00 and set a “sell” rating on the stock in a research report on Friday, July 28th. Morgan Stanley boosted their price target on shares of Honeywell International from $219.00 to $221.00 in a research report on Friday, July 28th. Finally, StockNews.com started coverage on shares of Honeywell International in a research report on Monday, August 21st. They issued a “hold” rating on the stock. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $215.07.

Honeywell International Trading Down 0.3 %

The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.07 and a current ratio of 1.41. The company’s fifty day simple moving average is $191.94 and its 200-day simple moving average is $195.43. The company has a market capitalization of $128.17 billion, a P/E ratio of 23.89, a PEG ratio of 2.33 and a beta of 1.07.

Honeywell International (NASDAQ:HON) last issued its earnings results on Thursday, July 27th. The conglomerate reported $2.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.20 by $0.03. Honeywell International had a net margin of 15.08% and a return on equity of 34.46%. The company had revenue of $9.10 billion for the quarter, compared to analysts’ expectations of $9.17 billion. During the same period in the prior year, the business earned $2.10 EPS. The firm’s quarterly revenue was up 1.6% on a year-over-year basis. Research analysts predict that Honeywell International Inc. will post 9.16 earnings per share for the current year.

Honeywell International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Friday, August 11th were given a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a dividend yield of 2.13%. The ex-dividend date was Thursday, August 10th. Honeywell International’s payout ratio is 50.99%.

Institutional Trading of Honeywell International

Hedge funds have recently modified their holdings of the company. HBK Investments L P purchased a new position in shares of Honeywell International in the 1st quarter valued at approximately $272,000. Creative Financial Designs Inc. ADV raised its position in shares of Honeywell International by 4.0% in the 1st quarter. Creative Financial Designs Inc. ADV now owns 9,356 shares of the conglomerate’s stock valued at $1,788,000 after purchasing an additional 356 shares during the last quarter. Industrial Alliance Investment Management Inc. raised its position in shares of Honeywell International by 15.7% in the 4th quarter. Industrial Alliance Investment Management Inc. now owns 121,065 shares of the conglomerate’s stock valued at $25,936,000 after purchasing an additional 16,405 shares during the last quarter. Versor Investments LP purchased a new position in shares of Honeywell International in the 1st quarter valued at approximately $535,000. Finally, Welch & Forbes LLC raised its position in shares of Honeywell International by 2.4% in the 1st quarter. Welch & Forbes LLC now owns 13,789 shares of the conglomerate’s stock valued at $2,635,000 after purchasing an additional 322 shares during the last quarter. 74.61% of the stock is owned by hedge funds and other institutional investors.

Honeywell International Company Profile

Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. Its 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 and management services.