Honeywell International Inc. (NASDAQ:HON - Get Free Report) saw unusually large options trading on Monday. Traders bought 10,392 put options on the company. This is an increase of 124% compared to the typical daily volume of 4,629 put options.
Wall Street Analysts Forecast Growth
A number of research firms have weighed in on HON. Barclays boosted their price objective on Honeywell International from $230.00 to $232.00 and gave the stock an "overweight" rating in a research note on Tuesday, April 2nd. Royal Bank of Canada decreased their price objective on Honeywell International from $210.00 to $209.00 and set a "sector perform" rating for the company in a research report on Friday, February 2nd. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and issued a $215.00 price objective (down from $227.00) on shares of Honeywell International in a research note on Tuesday, April 16th. Finally, Berenberg Bank raised Honeywell International from a "hold" rating to a "buy" rating and lifted their price objective for the company from $195.00 to $240.00 in a research report on Wednesday, March 6th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Honeywell International currently has a consensus rating of "Hold" and a consensus target price of $219.67.
Read Our Latest Research Report on Honeywell International
Honeywell International Stock Up 0.7 %
Honeywell International stock traded up $1.32 during midday trading on Monday, hitting $195.58. The stock had a trading volume of 2,366,907 shares, compared to its average volume of 3,005,167. The stock has a market cap of $127.36 billion, a P/E ratio of 23.09, a P/E/G ratio of 2.23 and a beta of 1.02. The business has a fifty day moving average price of $198.31 and a 200 day moving average price of $196.18. Honeywell International has a 12 month low of $174.88 and a 12 month high of $210.87. The company has a current ratio of 1.27, a quick ratio of 0.93 and a debt-to-equity ratio of 1.01.
Honeywell International (NASDAQ:HON - Get Free Report) last announced its earnings results on Thursday, February 1st. The conglomerate reported $2.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.59 by $0.01. The company had revenue of $9.44 billion for the quarter, compared to the consensus estimate of $9.70 billion. Honeywell International had a net margin of 15.43% and a return on equity of 35.17%. The company's revenue was up 2.8% on a year-over-year basis. During the same period in the previous year, the business earned $2.52 EPS. Research analysts predict that Honeywell International will post 9.94 EPS for the current year.
Honeywell International Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were issued a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a dividend yield of 2.21%. The ex-dividend date of this dividend was Thursday, February 29th. Honeywell International's payout ratio is 51.00%.
Insider Buying and Selling
In other news, Director Darius Adamczyk sold 25,500 shares of the 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 owns 183,400 shares of the company's stock, valued at approximately $36,164,646. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.41% of the stock is owned by insiders.
Institutional Trading of Honeywell International
A number of hedge funds and other institutional investors have recently modified their holdings of HON. Altshuler Shaham Ltd bought a new position in shares of Honeywell International during the fourth quarter worth $27,000. Scarborough Advisors LLC acquired a new stake in shares of Honeywell International during the fourth quarter worth $27,000. Cordant Inc. acquired a new stake in shares of Honeywell International during the fourth quarter worth $31,000. Rakuten Securities Inc. acquired a new stake in shares of Honeywell International during the fourth quarter worth $31,000. Finally, Richardson Capital Management LLC acquired a new stake in shares of Honeywell International during the first quarter worth $35,000. Institutional investors and hedge funds own 75.91% of the company's stock.
About Honeywell International
(
Get Free Report)
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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