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Honeywell International (NASDAQ:HON) Sees Strong Trading Volume

Honeywell International logo with Multi-Sector Conglomerates background

Shares of Honeywell International Inc. (NASDAQ:HON - Get Free Report) saw unusually-high trading volume on Friday . Approximately 1,468,609 shares traded hands during mid-day trading, a decline of 49% from the previous session's volume of 2,890,799 shares.The stock last traded at $214.13 and had previously closed at $214.14.

Wall Street Analysts Forecast Growth

HON has been the topic of a number of recent analyst reports. Citigroup lifted their price objective on shares of Honeywell International from $243.00 to $244.00 and gave the company a "buy" rating in a research note on Tuesday, June 4th. UBS Group raised shares of Honeywell International from a "sell" rating to a "neutral" rating and boosted their target price for the stock from $175.00 to $215.00 in a research note on Monday, June 10th. Royal Bank of Canada decreased their target price on shares of Honeywell International from $222.00 to $218.00 and set a "sector perform" rating on the stock in a research note on Tuesday, June 4th. Daiwa America raised shares of Honeywell International to a "moderate buy" rating in a research note on Wednesday, June 5th. Finally, Berenberg Bank raised shares of Honeywell International from a "hold" rating to a "buy" rating and boosted their target price for the stock from $195.00 to $240.00 in a research note on Wednesday, March 6th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, Honeywell International has an average rating of "Moderate Buy" and a consensus target price of $224.75.

View Our Latest Research Report on Honeywell International


Honeywell International Trading Up 0.4 %

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 stock has a market capitalization of $140.06 billion, a P/E ratio of 24.92, a P/E/G ratio of 2.26 and a beta of 1.03. The firm's 50 day simple moving average is $201.62 and its two-hundred day simple moving average is $200.85.

Honeywell International (NASDAQ:HON - Get Free Report) last posted its earnings results on Thursday, April 25th. The conglomerate reported $2.25 EPS for the quarter, topping the consensus estimate of $2.17 by $0.08. The company had revenue of $9.11 billion during the quarter, compared to the consensus estimate of $9.03 billion. Honeywell International had a net margin of 15.52% and a return on equity of 35.88%. The firm's revenue for the quarter was up 2.7% on a year-over-year basis. During the same period in the previous year, the firm posted $2.07 earnings per share. As a group, analysts forecast that Honeywell International Inc. will post 10.24 earnings per share for the current fiscal year.

Honeywell International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 7th. Stockholders of record on Friday, May 17th were given a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a dividend yield of 2.01%. The ex-dividend date was Thursday, May 16th. Honeywell International's payout ratio is presently 50.06%.

Insider Transactions at Honeywell International

In other Honeywell International news, Director Darius Adamczyk sold 28,500 shares of the company's stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $203.96, for a total value of $5,812,860.00. Following the completion of the sale, the director now directly owns 203,510 shares of the company's stock, valued at approximately $41,507,899.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Honeywell International news, CFO Gregory P. Lewis sold 25,209 shares of the business's stock in a transaction dated 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 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 filing with the SEC, which can be accessed through this hyperlink. Also, Director Darius Adamczyk sold 28,500 shares of the business's stock in a transaction dated 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 in the company, valued at $41,507,899.60. The disclosure for this sale can be found here. 0.41% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. LGT Group Foundation bought a new position in Honeywell International in the 1st quarter worth approximately $26,000. Altshuler Shaham Ltd purchased a new position in Honeywell International in the 4th quarter worth $27,000. Scarborough Advisors LLC purchased a new position in shares of Honeywell International in the fourth quarter valued at about $27,000. Cordant Inc. purchased a new position in shares of Honeywell International in the fourth quarter valued at about $31,000. Finally, Rakuten Securities Inc. purchased a new position in shares of Honeywell International in the fourth quarter valued at about $31,000. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

Honeywell International Company Profile

(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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