Traders Sell Shares of Honeywell International (HON) on Strength Following Insider Selling

Traders sold shares of Honeywell International Inc. (NYSE:HON) on strength during trading hours on Monday after an insider sold shares in the company. $79.69 million flowed into the stock on the tick-up and $172.88 million flowed out of the stock on the tick-down, for a money net flow of $93.19 million out of the stock. Of all companies tracked, Honeywell International had the 15th highest net out-flow for the day. Honeywell International traded up $0.61 for the day and closed at $154.03Specifically, Director Linnet F. Deily sold 2,886 shares of the business’s stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $147.71, for a total value of $426,291.06. Following the sale, the director now directly owns 9,105 shares in the company, valued at $1,344,899.55. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 1.56% of the company’s stock.

HON has been the topic of several analyst reports. Royal Bank of Canada upped their target price on Honeywell International from $148.00 to $156.00 and gave the stock an “outperform” rating in a report on Monday, October 23rd. Stifel Nicolaus reiterated a “buy” rating and set a $165.00 target price on shares of Honeywell International in a report on Friday. Deutsche Bank reiterated a “buy” rating and set a $171.00 target price on shares of Honeywell International in a report on Tuesday, November 28th. Bank of America upped their target price on Honeywell International from $117.12 to $168.00 and gave the stock a “buy” rating in a report on Friday, January 26th. Finally, UBS Group initiated coverage on Honeywell International in a report on Monday, January 22nd. They set a “buy” rating on the stock. Three equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $165.67.

The stock has a market capitalization of $116,570.00, a PE ratio of 35.99, a price-to-earnings-growth ratio of 2.17 and a beta of 0.96. The company has a quick ratio of 1.13, a current ratio of 1.38 and a debt-to-equity ratio of 0.72.

Honeywell International (NYSE:HON) last announced its quarterly earnings results on Friday, January 26th. The conglomerate reported $1.85 earnings per share for the quarter, topping analysts’ consensus estimates of $1.84 by $0.01. The firm had revenue of $10.84 billion for the quarter, compared to the consensus estimate of $10.80 billion. Honeywell International had a return on equity of 27.27% and a net margin of 4.08%. The business’s revenue was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.74 earnings per share. sell-side analysts forecast that Honeywell International Inc. will post 7.97 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 9th. Shareholders of record on Friday, February 23rd will be given a dividend of $0.745 per share. This represents a $2.98 dividend on an annualized basis and a yield of 1.93%. The ex-dividend date of this dividend is Thursday, February 22nd. Honeywell International’s dividend payout ratio (DPR) is presently 69.63%.

Honeywell International declared that its board has approved a stock repurchase plan on Friday, December 8th that permits the company to repurchase $6.50 billion in outstanding shares. This repurchase authorization permits the conglomerate to buy shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its shares are undervalued.

Institutional investors have recently bought and sold shares of the company. Schulhoff & Co. Inc. grew its position in shares of Honeywell International by 1.8% in the second quarter. Schulhoff & Co. Inc. now owns 11,440 shares of the conglomerate’s stock valued at $1,524,000 after purchasing an additional 203 shares during the last quarter. AGF Investments America Inc. grew its position in Honeywell International by 3.6% during the second quarter. AGF Investments America Inc. now owns 47,702 shares of the conglomerate’s stock worth $6,358,000 after buying an additional 1,668 shares in the last quarter. BlackRock Inc. grew its position in Honeywell International by 2.8% during the second quarter. BlackRock Inc. now owns 45,038,036 shares of the conglomerate’s stock worth $6,003,117,000 after buying an additional 1,207,893 shares in the last quarter. Rothschild Asset Management Inc. grew its position in Honeywell International by 2,358.6% during the third quarter. Rothschild Asset Management Inc. now owns 339,460 shares of the conglomerate’s stock worth $48,115,000 after buying an additional 325,653 shares in the last quarter. Finally, Prudential Financial Inc. grew its position in Honeywell International by 22.6% during the third quarter. Prudential Financial Inc. now owns 2,267,295 shares of the conglomerate’s stock worth $321,367,000 after buying an additional 417,770 shares in the last quarter. 75.73% of the stock is currently owned by 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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