D Scott Davis Sells 2,367 Shares of Honeywell International (NASDAQ:HON) Stock

Honeywell International Inc. (NASDAQ:HONGet Free Report) Director D Scott Davis sold 2,367 shares of the firm’s stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $240.00, for a total value of $568,080.00. Following the completion of the transaction, the director directly owned 31,081 shares of the company’s stock, valued at approximately $7,459,440. This trade represents a 7.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Honeywell International Trading Up 1.3%

Shares of HON stock opened at $243.97 on Friday. Honeywell International Inc. has a 52-week low of $169.21 and a 52-week high of $245.63. The stock has a market cap of $155.09 billion, a price-to-earnings ratio of 30.53, a P/E/G ratio of 3.53 and a beta of 0.94. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.05 and a current ratio of 1.30. The firm has a fifty day moving average of $216.67 and a 200-day moving average of $209.98.

Honeywell International (NASDAQ:HONGet Free Report) last issued its earnings results on Thursday, January 29th. The conglomerate reported $2.59 earnings per share for the quarter, beating the consensus estimate of $2.54 by $0.05. The business had revenue of $10.07 billion for the quarter, compared to analyst estimates of $9.60 billion. Honeywell International had a net margin of 12.74% and a return on equity of 40.64%. The firm’s revenue was up 6.4% on a year-over-year basis. During the same period in the previous year, the business earned $2.47 EPS. On average, equities research analysts forecast that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 27th will be paid a $1.19 dividend. This represents a $4.76 annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Friday, February 27th. Honeywell International’s dividend payout ratio is currently 59.57%.

Institutional Investors Weigh In On Honeywell International

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Holos Integrated Wealth LLC bought a new stake in Honeywell International during the 4th quarter worth about $25,000. Caitlin John LLC boosted its stake in shares of Honeywell International by 138.9% in the 4th quarter. Caitlin John LLC now owns 129 shares of the conglomerate’s stock valued at $25,000 after purchasing an additional 75 shares during the last quarter. Ares Financial Consulting LLC acquired a new stake in shares of Honeywell International during the 4th quarter worth approximately $26,000. Hilton Head Capital Partners LLC bought a new stake in shares of Honeywell International during the fourth quarter worth approximately $28,000. Finally, University of Texas Texas AM Investment Management Co. acquired a new position in Honeywell International in the fourth quarter valued at approximately $28,000. Institutional investors own 75.91% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Barclays boosted their price target on Honeywell International from $250.00 to $259.00 and gave the company an “overweight” rating in a research note on Friday, January 30th. The Goldman Sachs Group reduced their target price on shares of Honeywell International from $245.00 to $236.00 and set a “buy” rating on the stock in a research note on Tuesday, December 16th. Jefferies Financial Group boosted their price target on shares of Honeywell International from $220.00 to $240.00 in a research report on Tuesday, February 3rd. TD Cowen lowered their target price on Honeywell International from $250.00 to $240.00 and set a “buy” rating for the company in a research note on Monday, November 10th. Finally, BNP Paribas Exane lifted their price target on Honeywell International from $195.00 to $215.00 and gave the company a “neutral” rating in a report on Monday, February 2nd. Eleven research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $246.32.

View Our Latest Research Report on HON

Key Headlines Impacting Honeywell International

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Honeywell International Company Profile

(Get Free Report)

Honeywell International Inc is a diversified, publicly traded multinational conglomerate (NASDAQ: HON) that designs and manufactures a wide range of commercial and consumer products, engineering services and aerospace systems. The company operates through major business platforms that historically include Aerospace; Building Technologies; Performance Materials and Technologies; and Safety and Productivity Solutions. Its portfolio spans avionics and propulsion systems, building controls and HVAC equipment, process technologies and advanced materials, industrial automation software, and personal protective equipment and scanning solutions.

Honeywell’s aerospace business supplies aircraft manufacturers and operators with engines and auxiliary power units, avionics, flight safety systems and aftermarket services.

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