Honeywell International (NASDAQ:HON) Trading Down 0.3%

Honeywell International Inc. (NASDAQ:HON) shares dropped 0.3% on Monday . The company traded as low as $195.23 and last traded at $195.28. Approximately 349,378 shares were traded during trading, a decline of 88% from the average daily volume of 3,002,830 shares. The stock had previously closed at $195.81.

Wall Street Analysts Forecast Growth

HON has been the topic of several analyst reports. Barclays increased their price objective on shares of Honeywell International from $230.00 to $232.00 and gave the company an “overweight” rating in a report on Tuesday, April 2nd. Royal Bank of Canada reduced their price target on Honeywell International from $210.00 to $209.00 and set a “sector perform” rating on the stock in a research report on Friday, February 2nd. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $215.00 price objective (down previously from $227.00) on shares of Honeywell International in a report on Tuesday, April 16th. Berenberg Bank upgraded Honeywell International from a “hold” rating to a “buy” rating and raised their target price for the stock from $195.00 to $240.00 in a report on Wednesday, March 6th. Finally, StockNews.com cut Honeywell International from a “buy” rating to a “hold” rating in a research note on Thursday. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $215.71.

Honeywell International Trading Down 0.4 %

The company has a market cap of $126.98 billion, a price-to-earnings ratio of 22.63, a P/E/G ratio of 2.26 and a beta of 1.02. The firm has a fifty day moving average price of $197.66 and a 200 day moving average price of $196.74. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.28 and a current ratio of 1.66.

Honeywell International (NASDAQ:HON) last issued its earnings results on Thursday, April 25th. The conglomerate reported $2.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.17 by $0.08. The business 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%. Honeywell International’s revenue was up 2.7% on a year-over-year basis. During the same period last year, the business posted $2.07 EPS. As a group, equities analysts predict that Honeywell International Inc. will post 9.94 EPS for the current fiscal year.

Honeywell International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 7th. Investors of record on Friday, May 17th will be paid a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a yield of 2.22%. The ex-dividend date is Thursday, May 16th. Honeywell International’s dividend payout ratio (DPR) is presently 50.06%.

Insiders Place Their Bets

In other news, Director Darius Adamczyk sold 25,500 shares of the stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $197.19, for a total value of $5,028,345.00. Following the transaction, the director now directly owns 183,400 shares of the company’s stock, valued at $36,164,646. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Darius Adamczyk sold 25,500 shares of the company’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $197.19, for a total value of $5,028,345.00. Following the transaction, the director now directly owns 183,400 shares in the company, valued at $36,164,646. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Gregory P. Lewis sold 25,209 shares of Honeywell International stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $193.06, for a total transaction of $4,866,849.54. Following the completion of the sale, the chief financial officer now owns 55,471 shares of the company’s stock, valued at approximately $10,709,231.26. The disclosure for this sale can be found here. Company insiders own 0.41% of the company’s stock.

Institutional Investors Weigh In On Honeywell International

Large investors have recently added to or reduced their stakes in the stock. Morton Capital Management LLC CA increased its position in shares of Honeywell International by 0.9% during the third 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 in the last quarter. Wayfinding Financial LLC boosted its position in shares of Honeywell International by 3.4% during the fourth quarter. Wayfinding Financial LLC now owns 1,515 shares of the conglomerate’s stock valued at $317,000 after buying an additional 50 shares during the last quarter. Indiana Trust & Investment Management CO increased its holdings in Honeywell International by 0.9% in the 4th quarter. Indiana Trust & Investment Management CO now owns 5,563 shares of the conglomerate’s stock worth $1,167,000 after buying an additional 50 shares in the last quarter. River Street Advisors LLC raised its position in Honeywell International by 2.0% in the 4th quarter. River Street Advisors LLC now owns 2,599 shares of the conglomerate’s stock worth $545,000 after buying an additional 50 shares during the last quarter. Finally, Triton Wealth Management PLLC lifted its stake in Honeywell International by 4.7% during the 4th quarter. Triton Wealth Management PLLC now owns 1,132 shares of the conglomerate’s stock valued at $233,000 after acquiring an additional 51 shares during the period. Institutional investors and hedge funds 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.