Honeywell International (NASDAQ:HON) Trading 0.2% Higher

Honeywell International Inc. (NASDAQ:HON) was up 0.2% during trading on Friday . The stock traded as high as $195.38 and last traded at $194.01. Approximately 635,112 shares changed hands during mid-day trading, a decline of 79% from the average daily volume of 3,015,458 shares. The stock had previously closed at $193.64.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. StockNews.com cut Honeywell International from a “buy” rating to a “hold” rating in a report on Thursday. Royal Bank of Canada lowered their price target on Honeywell International from $210.00 to $209.00 and set a “sector perform” rating on the stock in a report on Friday, February 2nd. Berenberg Bank raised shares of Honeywell International from a “hold” rating to a “buy” rating and raised their target price for the company from $195.00 to $240.00 in a research note on Wednesday, March 6th. Barclays increased their price objective 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. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $215.00 target price (down from $227.00) on shares of Honeywell International in a research report on Tuesday, April 16th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $215.71.

Honeywell International Stock Up 1.1 %

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 stock has a market capitalization of $127.51 billion, a P/E ratio of 22.69, a PEG ratio of 2.24 and a beta of 1.02. The stock’s fifty day moving average is $197.66 and its two-hundred day moving average is $196.58.

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

Honeywell International Dividend Announcement

The business also recently disclosed 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 is Thursday, May 16th. This represents a $4.32 annualized dividend and a yield of 2.21%. Honeywell International’s payout ratio is presently 50.06%.

Insiders Place Their Bets

In related news, CFO Gregory P. Lewis sold 25,209 shares of the firm’s stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $193.06, for a total value of $4,866,849.54. Following the completion of the transaction, the chief financial officer now owns 55,471 shares of the company’s stock, valued at approximately $10,709,231.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 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 transaction of $5,028,345.00. Following the transaction, the director now directly owns 183,400 shares of the company’s stock, valued at $36,164,646. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Gregory P. Lewis sold 25,209 shares of the firm’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $193.06, for a total value of $4,866,849.54. Following the sale, the chief financial officer now owns 55,471 shares of the company’s stock, valued at $10,709,231.26. The disclosure for this sale can be found here. Corporate insiders own 0.41% of the company’s stock.

Institutional Trading of Honeywell International

Institutional investors have recently made changes to their positions in the stock. Industrial Alliance Investment Management Inc. grew its holdings in shares of Honeywell International by 1,205.8% during the 3rd quarter. Industrial Alliance Investment Management Inc. now owns 3,395 shares of the conglomerate’s stock valued at $627,000 after acquiring an additional 3,135 shares in the last quarter. Jag Capital Management LLC grew its stake in Honeywell International by 40.8% in the third quarter. Jag Capital Management LLC now owns 1,619 shares of the conglomerate’s stock valued at $299,000 after purchasing an additional 469 shares in the last quarter. Shulman DeMeo Asset Management LLC increased its position in Honeywell International by 11.1% in the 4th quarter. Shulman DeMeo Asset Management LLC now owns 1,686 shares of the conglomerate’s stock worth $354,000 after purchasing an additional 169 shares during the last quarter. Boyd Watterson Asset Management LLC OH raised its stake in shares of Honeywell International by 0.3% during the 4th quarter. Boyd Watterson Asset Management LLC OH now owns 26,817 shares of the conglomerate’s stock worth $5,624,000 after purchasing an additional 89 shares in the last quarter. Finally, Ferguson Wellman Capital Management Inc. lifted its holdings in shares of Honeywell International by 1.7% during the 4th quarter. Ferguson Wellman Capital Management Inc. now owns 495,917 shares of the conglomerate’s stock valued at $103,999,000 after buying an additional 8,493 shares during the last quarter. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Honeywell International Company Profile

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.