Traders Sell Honeywell International (HON) on Strength (HON)

Traders sold shares of Honeywell International Inc. (NYSE:HON) on strength during trading on Tuesday. $62.93 million flowed into the stock on the tick-up and $117.60 million flowed out of the stock on the tick-down, for a money net flow of $54.67 million out of the stock. Of all companies tracked, Honeywell International had the 0th highest net out-flow for the day. Honeywell International traded up $0.53 for the day and closed at $153.74

A number of equities analysts recently commented on HON shares. Morgan Stanley upped their target price on Honeywell International from $141.00 to $145.00 and gave the company an “overweight” rating in a report on Wednesday, August 16th. Zacks Investment Research raised Honeywell International from a “hold” rating to a “buy” rating and set a $155.00 price target on the stock in a research note on Thursday, August 17th. Jefferies Group reaffirmed a “buy” rating and issued a $155.00 price target on shares of Honeywell International in a research note on Tuesday, August 22nd. Royal Bank of Canada set a $148.00 price target on Honeywell International and gave the stock a “buy” rating in a research note on Sunday, August 27th. Finally, Deutsche Bank reaffirmed a “buy” rating and issued a $154.00 price target on shares of Honeywell International in a research note on Thursday, September 21st. Two analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. Honeywell International has a consensus rating of “Buy” and a consensus price target of $159.79.

The stock has a market capitalization of $116,323.64, a price-to-earnings ratio of 22.11, a PEG ratio of 2.36 and a beta of 0.99. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.09 and a current ratio of 1.35.

Honeywell International (NYSE:HON) last announced its quarterly earnings results on Friday, October 20th. The conglomerate reported $1.75 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.75. The firm had revenue of $10.12 billion for the quarter, compared to the consensus estimate of $10.05 billion. Honeywell International had a return on equity of 26.26% and a net margin of 12.85%. The company’s quarterly revenue was up 3.2% on a year-over-year basis. During the same period in the prior year, the company posted $1.60 earnings per share. research analysts forecast that Honeywell International Inc. will post 7.06 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, December 8th. Stockholders of record on Friday, November 17th were issued a dividend of $0.745 per share. This is an increase from Honeywell International’s previous quarterly dividend of $0.67. This represents a $2.98 dividend on an annualized basis and a dividend yield of 1.91%. The ex-dividend date of this dividend was Thursday, November 16th. Honeywell International’s dividend payout ratio is presently 45.15%.

Honeywell International declared that its Board of Directors has initiated a share repurchase plan on Friday, December 8th that allows the company to buyback $6.50 billion in outstanding shares. This buyback authorization allows the conglomerate to purchase shares of its stock through open market purchases. Shares buyback plans are typically an indication that the company’s board of directors believes its stock is undervalued.

In other Honeywell International news, Director Bradley T. Sheares sold 1,328 shares of the stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $146.41, for a total value of $194,432.48. Following the transaction, the director now owns 4,002 shares of the company’s stock, valued at $585,932.82. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Krishna Mikkilineni sold 13,074 shares of the stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $145.12, for a total value of $1,897,298.88. Following the completion of the transaction, the vice president now directly owns 104,998 shares in the company, valued at approximately $15,237,309.76. The disclosure for this sale can be found here. 1.56% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of HON. Schulhoff & Co. Inc. grew its position in shares of Honeywell International by 1.8% during the second quarter. Schulhoff & Co. Inc. now owns 11,440 shares of the conglomerate’s stock worth $1,524,000 after purchasing an additional 203 shares in the last quarter. DekaBank Deutsche Girozentrale grew its position in shares of Honeywell International by 5.4% during the second quarter. DekaBank Deutsche Girozentrale now owns 217,832 shares of the conglomerate’s stock worth $29,184,000 after purchasing an additional 11,091 shares in the last quarter. Edgestream Partners L.P. grew its position in shares of Honeywell International by 331.4% during the first quarter. Edgestream Partners L.P. now owns 13,555 shares of the conglomerate’s stock worth $1,693,000 after purchasing an additional 10,413 shares in the last quarter. Acadian Asset Management LLC grew its position in shares of Honeywell International by 80.2% during the second quarter. Acadian Asset Management LLC now owns 33,290 shares of the conglomerate’s stock worth $4,436,000 after purchasing an additional 14,816 shares in the last quarter. Finally, Buckingham Capital Management Inc. grew its position in shares of Honeywell International by 3.1% during the first quarter. Buckingham Capital Management Inc. now owns 25,462 shares of the conglomerate’s stock worth $3,179,000 after purchasing an additional 766 shares in the last quarter. 76.04% of the stock is currently owned by hedge funds and other institutional investors.

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About Honeywell International

Honeywell International Inc is a technology and manufacturing company. The Company operates through four segments: Aerospace, Home and Building Technologies, Performance Materials and Technologies, and Safety and Productivity Solutions. The Company’s Aerospace segment supplies products, software and services for aircraft and vehicles that it sells to original equipment manufacturers (OEMs) and other customers.

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