Honeywell International (NASDAQ:HON) Shares Cross Above 200 Day Moving Average – Time to Sell?

Honeywell International Inc. (NASDAQ:HON)’s stock price crossed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $224.73 and traded as high as $232.58. Honeywell International shares last traded at $228.47, with a volume of 3,696,477 shares changing hands.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Melius Research lowered Honeywell International from a “buy” rating to a “hold” rating and set a $190.00 target price for the company. in a research report on Monday, September 14th. JPMorgan Chase & Co. increased their price objective on Honeywell International from $240.00 to $241.00 and gave the stock an “overweight” rating in a research report on Friday, October 23rd. Mizuho cut their price target on shares of Honeywell International from $265.00 to $255.00 and set an “outperform” rating for the company in a research note on Thursday, October 15th. Citigroup boosted their price objective on shares of Honeywell International from $270.00 to $271.00 and gave the stock a “buy” rating in a report on Friday, October 23rd. Finally, Jefferies Financial Group assumed coverage on shares of Honeywell International in a report on Monday, August 17th. They set a “hold” rating and a $255.00 price target for the company. Thirteen equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $249.96.

Honeywell International Price Performance

The business’s 50 day moving average price is $212.23 and its 200 day moving average price is $224.73. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.96 and a quick ratio of 0.82. The stock has a market capitalization of $72.51 billion, a P/E ratio of 10.28, a price-to-earnings-growth ratio of 1.67 and a beta of 0.86.

Honeywell International (NASDAQ:HON) last announced its earnings results on Thursday, October 22nd. The conglomerate reported $2.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.17 by $0.10. Honeywell International had a net margin of 24.36% and a return on equity of 25.62%. The company had revenue of $4.99 billion during the quarter, compared to analyst estimates of $5.01 billion. During the same period in the previous year, the business posted $2.82 earnings per share. The firm’s quarterly revenue was up 1.3% compared to the same quarter last year. Sell-side analysts forecast that Honeywell International Inc. will post 8.44 EPS for the current year.

Honeywell International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 4th. Shareholders of record on Friday, November 13th will be given a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Friday, November 13th. Honeywell International’s payout ratio is 32.12%.

Insiders Place Their Bets

In other Honeywell International news, VP Su Lu sold 2,943 shares of the company’s stock in a transaction on Monday, October 26th. The stock was sold at an average price of $221.18, for a total value of $650,932.74. Following the completion of the sale, the vice president directly owned 6,631 shares in the company, valued at approximately $1,466,644.58. This represents a 30.74% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Vimal Kapur sold 6,459 shares of the company’s stock in a transaction that occurred on Monday, October 26th. The stock was sold at an average price of $220.99, for a total transaction of $1,427,374.41. Following the completion of the sale, the chief executive officer directly owned 4,437 shares of the company’s stock, valued at $980,532.63. The trade was a 59.28% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.15% of the company’s stock.

Institutional Investors Weigh In On Honeywell International

A number of large investors have recently modified their holdings of HON. CYBER HORNET ETFs LLC acquired a new stake in shares of Honeywell International during the second quarter worth $220,000. Atlantic Private Wealth LLC acquired a new position in shares of Honeywell International during the 2nd quarter valued at about $59,000. DMC Group LLC purchased a new stake in Honeywell International in the second quarter valued at approximately $375,000. Studio Investment Management LLC acquired a new position in Honeywell International during the second quarter worth approximately $2,578,000. Finally, Washington Trust Advisors Inc. acquired a new position in shares of Honeywell International in the 2nd quarter valued at $118,000. Hedge funds and other institutional investors own 75.91% of the company’s stock.

About Honeywell International

Honeywell International Inc is a diversified industrial technology company that develops products and systems for the aerospace, building automation, energy and industrial sectors. Its offerings include aircraft engines and avionics, industrial automation and control systems, building management technologies, fire and security products, personal protective equipment, and specialty materials and chemicals.

The company serves commercial aerospace, defense, airlines, building owners, manufacturers, energy producers and other industrial customers.