Honeywell International Sees Unusually High Options Volume (NASDAQ:HON)

Key Points

• Honeywell International experienced a significant surge in options trading, with 14,410 call options purchased, marking a 65% increase over its average daily volume.
• CEO Lucian Boldea sold 42,149 shares of the company, resulting in an 80.31% decrease in his ownership, now valuing approximately $2.29 million.
• The company announced a quarterly dividend increase to $1.19 per share, reflecting a boost from the previous $1.13, with a yield of 2.2% for shareholders of record on November 14th.

Honeywell International Inc. (NASDAQ:HON - Get Free Report) saw unusually large options trading on Thursday. Stock traders bought 14,410 call options on the stock. This represents an increase of approximately 65% compared to the average daily volume of 8,734 call options.

Insider Buying and Selling

In related news, CEO Lucian Boldea sold 42,149 shares of Honeywell International stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $221.58, for a total value of $9,339,375.42. Following the completion of the transaction, the chief executive officer owned 10,334 shares in the company, valued at approximately $2,289,807.72. This trade represents a 80.31% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.20% of the company's stock.

Institutional Trading of Honeywell International

Several institutional investors and hedge funds have recently modified their holdings of HON. Brighton Jones LLC raised its stake in shares of Honeywell International by 9.1% during the fourth quarter. Brighton Jones LLC now owns 19,047 shares of the conglomerate's stock valued at $4,302,000 after acquiring an additional 1,582 shares in the last quarter. Continuum Advisory LLC raised its stake in Honeywell International by 22.3% in the first quarter. Continuum Advisory LLC now owns 636 shares of the conglomerate's stock worth $135,000 after buying an additional 116 shares in the last quarter. Oppenheimer Asset Management Inc. raised its stake in Honeywell International by 25.7% in the first quarter. Oppenheimer Asset Management Inc. now owns 34,880 shares of the conglomerate's stock worth $7,386,000 after buying an additional 7,138 shares in the last quarter. Consolidated Portfolio Review Corp bought a new position in Honeywell International in the first quarter worth approximately $247,000. Finally, S.A. Mason LLC bought a new position in Honeywell International in the first quarter worth approximately $101,000. Institutional investors own 75.91% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Weiss Ratings reiterated a "buy (b-)" rating on shares of Honeywell International in a research report on Wednesday, October 8th. Jefferies Financial Group dropped their price target on Honeywell International from $240.00 to $230.00 and set a "hold" rating for the company in a research report on Tuesday, October 7th. Royal Bank Of Canada dropped their price target on Honeywell International from $254.00 to $253.00 and set a "sector perform" rating for the company in a research report on Friday, July 25th. Barclays lifted their price target on Honeywell International from $258.00 to $265.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 9th. Finally, TD Cowen decreased their price objective on shares of Honeywell International from $260.00 to $250.00 in a research note on Tuesday, October 7th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and eight have given a Hold rating to the company's stock. According to MarketBeat, Honeywell International currently has an average rating of "Moderate Buy" and a consensus target price of $251.67.

Honeywell International Trading Up 7.1%

NASDAQ HON traded up $14.59 during trading on Thursday, hitting $221.20. The stock had a trading volume of 4,905,709 shares, compared to its average volume of 4,088,660. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.97 and a current ratio of 1.29. The stock has a market capitalization of $140.44 billion, a price-to-earnings ratio of 25.19, a P/E/G ratio of 2.59 and a beta of 1.06. Honeywell International has a one year low of $179.36 and a one year high of $242.77. The stock has a 50 day simple moving average of $212.00 and a 200 day simple moving average of $216.96.

Honeywell International (NASDAQ:HON - Get Free Report) last announced its quarterly earnings data on Monday, December 11th. The conglomerate reported $2.25 earnings per share (EPS) for the quarter. Honeywell International had a net margin of 14.30% and a return on equity of 37.37%. The business had revenue of $8.95 billion during the quarter. Honeywell International has set its Q4 2023 guidance at 2.530-2.630 EPS. FY 2023 guidance at 9.100-9.200 EPS. Sell-side analysts predict that Honeywell International will post 10.34 earnings per share for the current year.

Honeywell International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 5th. Stockholders of record on Friday, November 14th will be paid a dividend of $1.19 per share. This is a boost from Honeywell International's previous quarterly dividend of $1.13. This represents a $4.76 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend is Friday, November 14th. Honeywell International's payout ratio is presently 51.42%.

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.

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