Traders sold shares of Honeywell International Inc. (NYSE:HON) on strength during trading on Wednesday. $60.09 million flowed into the stock on the tick-up and $106.51 million flowed out of the stock on the tick-down, for a money net flow of $46.42 million out of the stock. Of all stocks tracked, Honeywell International had the 0th highest net out-flow for the day. Honeywell International traded up $0.88 for the day and closed at $151.36
HON has been the topic of a number of research reports. Zacks Investment Research lowered shares of Honeywell International from a “buy” rating to a “hold” rating in a research note on Tuesday. ValuEngine raised shares of Honeywell International from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. UBS initiated coverage on shares of Honeywell International in a research note on Monday, January 22nd. They issued a “buy” rating on the stock. TheStreet lowered shares of Honeywell International from an “a+” rating to a “c+” rating in a research note on Friday, January 26th. Finally, Cowen reissued a “buy” rating and issued a $168.00 target price on shares of Honeywell International in a research note on Monday, January 22nd. Three research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $166.73.
The stock has a market cap of $113,823.02, a PE ratio of 21.44, a P/E/G ratio of 2.14 and a beta of 0.98. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.13 and a current ratio of 1.38.
Honeywell International (NYSE:HON) last released its quarterly earnings results on Friday, January 26th. The conglomerate reported $1.85 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.84 by $0.01. The firm had revenue of $10.84 billion for the quarter, compared to analyst estimates of $10.80 billion. Honeywell International had a net margin of 4.08% and a return on equity of 27.27%. The business’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.74 EPS. equities research analysts forecast that Honeywell International Inc. will post 7.97 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, March 9th. Stockholders of record on Friday, February 23rd were given a dividend of $0.745 per share. This represents a $2.98 annualized dividend and a dividend yield of 2.03%. The ex-dividend date was Thursday, February 22nd. Honeywell International’s payout ratio is presently 143.27%.
Honeywell International announced that its board has approved a stock buyback plan on Friday, December 8th that permits the company to buyback $6.50 billion in outstanding shares. This buyback authorization permits the conglomerate to reacquire shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s board believes its shares are undervalued.
In other news, Director Linnet F. Deily sold 2,886 shares of Honeywell International stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $147.71, for a total transaction of $426,291.06. Following the sale, the director now owns 9,105 shares of the company’s stock, valued at approximately $1,344,899.55. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Jaime Chico /Fa Pardo sold 2,868 shares of Honeywell International stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $156.36, for a total transaction of $448,440.48. Following the sale, the director now directly owns 41,092 shares in the company, valued at approximately $6,425,145.12. The disclosure for this sale can be found here. 1.33% of the stock is currently owned by insiders.
Hedge funds have recently added to or reduced their stakes in the company. Welch Group LLC acquired a new stake in Honeywell International in the 4th quarter valued at approximately $100,000. Wagner Wealth Management LLC acquired a new stake in Honeywell International in the 4th quarter valued at approximately $101,000. Taylor Hoffman Wealth Management acquired a new stake in Honeywell International in the 4th quarter valued at approximately $113,000. Mascoma Wealth Management LLC increased its holdings in Honeywell International by 113.2% in the 3rd quarter. Mascoma Wealth Management LLC now owns 806 shares of the conglomerate’s stock valued at $114,000 after purchasing an additional 428 shares during the last quarter. Finally, Invictus RG acquired a new stake in Honeywell International in the 3rd quarter valued at approximately $117,000. 75.27% 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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