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

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Traders sold shares of Honeywell International Inc. (NYSE:HON) on strength during trading on Wednesday. $70.02 million flowed into the stock on the tick-up and $188.85 million flowed out of the stock on the tick-down, for a money net flow of $118.83 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 $2.15 for the day and closed at $161.79

A number of equities analysts have commented on the company. MED assumed coverage on Honeywell International in a research note on Thursday, July 12th. They issued a “buy” rating and a $166.00 target price for the company. JPMorgan Chase & Co. restated a “positive” rating on shares of Honeywell International in a research note on Thursday. ValuEngine upgraded Honeywell International from a “hold” rating to a “buy” rating in a research note on Tuesday, July 31st. Zacks Investment Research upgraded Honeywell International from a “hold” rating to a “buy” rating and set a $176.00 target price for the company in a research note on Tuesday, July 31st. Finally, Barclays lifted their target price on Honeywell International from $176.00 to $178.00 and gave the company an “overweight” rating in a research note on Friday, August 24th. Two research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $172.94.

The firm has a market cap of $120.15 billion, a price-to-earnings ratio of 23.07, a P/E/G ratio of 1.88 and a beta of 1.01. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.38 and a quick ratio of 1.11.

Honeywell International (NYSE:HON) last released its quarterly earnings results on Friday, July 20th. The conglomerate reported $2.12 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.01 by $0.11. The company had revenue of $10.92 billion for the quarter, compared to analysts’ expectations of $10.80 billion. Honeywell International had a return on equity of 31.46% and a net margin of 3.88%. The business’s revenue for the quarter was up 8.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.80 earnings per share. sell-side analysts predict that Honeywell International Inc. will post 8.15 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 7th. Stockholders of record on Friday, August 17th will be issued a dividend of $0.745 per share. The ex-dividend date of this dividend is Thursday, August 16th. This represents a $2.98 dividend on an annualized basis and a dividend yield of 1.82%. Honeywell International’s dividend payout ratio (DPR) is presently 41.91%.

In related news, insider Vimal Kapur sold 9,996 shares of the business’s stock in a transaction that occurred on Friday, July 27th. The stock was sold at an average price of $159.25, for a total transaction of $1,591,863.00. Following the sale, the insider now owns 16,131 shares of the company’s stock, valued at $2,568,861.75. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Linnet F. Deily sold 3,066 shares of the business’s stock in a transaction that occurred on Monday, July 30th. The stock was sold at an average price of $158.12, for a total value of $484,795.92. Following the sale, the director now directly owns 11,787 shares in the company, valued at approximately $1,863,760.44. The disclosure for this sale can be found here. Insiders own 1.33% of the company’s stock.

A number of large investors have recently made changes to their positions in HON. Weatherly Asset Management L. P. increased its holdings in shares of Honeywell International by 3.9% in the second quarter. Weatherly Asset Management L. P. now owns 8,543 shares of the conglomerate’s stock valued at $1,231,000 after buying an additional 323 shares in the last quarter. Parthenon LLC increased its holdings in shares of Honeywell International by 16.0% in the second quarter. Parthenon LLC now owns 2,392 shares of the conglomerate’s stock valued at $345,000 after buying an additional 330 shares in the last quarter. Bank of The Ozarks increased its holdings in shares of Honeywell International by 3.1% in the second quarter. Bank of The Ozarks now owns 11,127 shares of the conglomerate’s stock valued at $1,603,000 after buying an additional 334 shares in the last quarter. Thompson Davis & CO. Inc. increased its holdings in shares of Honeywell International by 40.6% in the second quarter. Thompson Davis & CO. Inc. now owns 1,195 shares of the conglomerate’s stock valued at $172,000 after buying an additional 345 shares in the last quarter. Finally, InterOcean Capital LLC increased its holdings in shares of Honeywell International by 15.4% in the second quarter. InterOcean Capital LLC now owns 2,637 shares of the conglomerate’s stock valued at $380,000 after buying an additional 352 shares in the last quarter. 74.55% of the stock is currently owned by hedge funds and other institutional investors.

About Honeywell International (NYSE:HON)

Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. It operates through four segments: Aerospace; Home and Building Technologies; Performance Materials and Technologies; and Safety and Productivity Solutions. The Aerospace segment supplies products, software, and services for aircraft and vehicles that it sells to original equipment manufacturers and other customers in various markets, including air transport, regional, business and general aviation aircraft, airlines, aircraft operators, defense and space contractors, and automotive and truck manufacturers.

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