Honeywell International Inc. (NASDAQ:HON) Director Sells $5,812,860.00 in Stock

Honeywell International Inc. (NASDAQ:HON - Get Free Report) Director Darius Adamczyk sold 28,500 shares of Honeywell International stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $203.96, for a total transaction of $5,812,860.00. Following the completion of the transaction, the director now owns 203,510 shares of the company's stock, valued at approximately $41,507,899.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Honeywell International Stock Performance

Shares of HON stock traded up $1.85 on Wednesday, reaching $205.06. The stock had a trading volume of 2,674,042 shares, compared to its average volume of 2,985,925. The company has a quick ratio of 1.28, a current ratio of 1.66 and a debt-to-equity ratio of 1.30. The firm's 50-day moving average is $197.89 and its two-hundred day moving average is $197.75. The firm has a market capitalization of $133.53 billion, a price-to-earnings ratio of 23.64, a P/E/G ratio of 2.35 and a beta of 1.02. Honeywell International Inc. has a 12 month low of $174.88 and a 12 month high of $210.87.

Honeywell International (NASDAQ:HON - Get Free Report) last released its quarterly earnings results on Thursday, April 25th. The conglomerate reported $2.25 earnings per share for the quarter, beating the consensus estimate of $2.17 by $0.08. The firm had revenue of $9.11 billion for the quarter, compared to analysts' expectations of $9.03 billion. Honeywell International had a net margin of 15.52% and a return on equity of 35.88%. The business's revenue was up 2.7% on a year-over-year basis. During the same period in the prior year, the firm earned $2.07 EPS. On average, research analysts expect that Honeywell International Inc. will post 9.94 EPS for the current fiscal year.

Honeywell International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 7th. Shareholders of record on Friday, May 17th will be paid a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a yield of 2.11%. The ex-dividend date of this dividend is Thursday, May 16th. Honeywell International's payout ratio is 50.06%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of HON. LGT Group Foundation acquired a new position in shares of Honeywell International in the first quarter valued at approximately $26,000. Scarborough Advisors LLC acquired a new position in shares of Honeywell International in the fourth quarter valued at approximately $27,000. Altshuler Shaham Ltd bought a new stake in Honeywell International in the fourth quarter valued at approximately $27,000. Rakuten Securities Inc. bought a new stake in Honeywell International in the fourth quarter valued at approximately $31,000. Finally, Cordant Inc. bought a new stake in Honeywell International in the fourth quarter valued at approximately $31,000. Institutional investors and hedge funds own 75.91% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on HON shares. Berenberg Bank upgraded shares of Honeywell International from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $195.00 to $240.00 in a research report on Wednesday, March 6th. StockNews.com raised shares of Honeywell International from a "hold" rating to a "buy" rating in a research note on Wednesday. Barclays boosted their price target on shares of Honeywell International from $230.00 to $232.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 2nd. Royal Bank of Canada cut their price target on shares of Honeywell International from $210.00 to $209.00 and set a "sector perform" rating on the stock in a research report on Friday, February 2nd. Finally, Deutsche Bank Aktiengesellschaft reissued a "hold" rating and set a $215.00 price target (down from $227.00) on shares of Honeywell International in a research report on Tuesday, April 16th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $215.71.

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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