Honeywell International (NASDAQ:HON) Trading 1% Higher

Honeywell International Inc. (NASDAQ:HON - Get Free Report)'s share price traded up 1% during mid-day trading on Tuesday . The company traded as high as $196.95 and last traded at $196.92. 338,852 shares were traded during mid-day trading, a decline of 89% from the average session volume of 2,995,067 shares. The stock had previously closed at $195.00.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on HON. Royal Bank of Canada dropped their target price on shares of Honeywell International from $210.00 to $209.00 and set a "sector perform" rating on the stock in a research note on Friday, February 2nd. StockNews.com downgraded Honeywell International from a "buy" rating to a "hold" rating in a research note on Thursday, May 2nd. Berenberg Bank upgraded Honeywell International from a "hold" rating to a "buy" rating and boosted their price target for the stock from $195.00 to $240.00 in a research note on Wednesday, March 6th. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and set a $215.00 price objective (down from $227.00) on shares of Honeywell International in a research report on Tuesday, April 16th. Finally, Barclays boosted their target price on Honeywell International from $230.00 to $232.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 2nd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $215.71.

Honeywell International Price Performance

The firm has a 50-day simple moving average of $197.55 and a 200-day simple moving average of $196.94. The firm has a market capitalization of $128.19 billion, a PE ratio of 22.81, a PEG ratio of 2.26 and a beta of 1.02. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.66 and a quick ratio of 1.28.

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

Honeywell International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 7th. Stockholders of record on Friday, May 17th will be paid a $1.08 dividend. This represents a $4.32 annualized dividend and a dividend yield of 2.19%. The ex-dividend date is Thursday, May 16th. Honeywell International's dividend payout ratio (DPR) is currently 50.06%.

Insider Activity at Honeywell International

In other Honeywell International news, CFO Gregory P. Lewis sold 25,209 shares of the company'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 directly owns 55,471 shares in the company, valued at $10,709,231.26. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, CFO Gregory P. Lewis sold 25,209 shares of the business'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 transaction, the chief financial officer now directly owns 55,471 shares in the company, valued at $10,709,231.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Darius Adamczyk sold 25,500 shares of the stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $197.19, for a total value of $5,028,345.00. Following the sale, the director now owns 183,400 shares of the company's stock, valued at approximately $36,164,646. The disclosure for this sale can be found here. 0.41% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Honeywell International

Several hedge funds have recently modified their holdings of the stock. Morton Capital Management LLC CA raised its holdings in Honeywell International by 0.9% in the 3rd quarter. Morton Capital Management LLC CA now owns 5,828 shares of the conglomerate's stock valued at $1,077,000 after acquiring an additional 50 shares during the last quarter. Wayfinding Financial LLC raised its holdings in shares of Honeywell International by 3.4% during the 4th quarter. Wayfinding Financial LLC now owns 1,515 shares of the conglomerate's stock worth $317,000 after acquiring an additional 50 shares during the period. Indiana Trust & Investment Management CO boosted its position in shares of Honeywell International by 0.9% during the 4th quarter. Indiana Trust & Investment Management CO now owns 5,563 shares of the conglomerate's stock valued at $1,167,000 after acquiring an additional 50 shares during the last quarter. River Street Advisors LLC grew its stake in shares of Honeywell International by 2.0% in the 4th quarter. River Street Advisors LLC now owns 2,599 shares of the conglomerate's stock valued at $545,000 after buying an additional 50 shares during the period. Finally, Triton Wealth Management PLLC increased its stake in Honeywell International by 4.7% during the fourth quarter. Triton Wealth Management PLLC now owns 1,132 shares of the conglomerate's stock worth $233,000 after acquiring an additional 51 shares during the last quarter. Hedge funds and other institutional investors own 75.91% of the company's stock.

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.