Honeywell International (NASDAQ:HON) Shares Down 0.3%

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

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. StockNews.com cut shares of Honeywell International from a “buy” rating to a “hold” rating in a report on Thursday, May 2nd. Barclays lifted their price objective on Honeywell International from $230.00 to $232.00 and gave the company an “overweight” rating in a research report on Tuesday, April 2nd. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $215.00 price objective (down previously from $227.00) on shares of Honeywell International in a research note on Tuesday, April 16th. Royal Bank of Canada lowered their target price on shares of Honeywell International from $210.00 to $209.00 and set a “sector perform” rating on the stock in a research note on Friday, February 2nd. Finally, Berenberg Bank raised shares of Honeywell International from a “hold” rating to a “buy” rating and raised their price objective for the stock from $195.00 to $240.00 in a report on Wednesday, March 6th. 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’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $215.71.

Honeywell International Price Performance

The firm has a market capitalization of $128.97 billion, a PE ratio of 22.95, a PEG ratio of 2.26 and a beta of 1.02. The stock has a 50-day moving average price of $197.55 and a 200 day moving average price of $196.94. The company has a quick ratio of 1.28, a current ratio of 1.66 and a debt-to-equity ratio of 1.30.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings results on Thursday, April 25th. The conglomerate reported $2.25 earnings per share for the quarter, beating analysts’ consensus estimates of $2.17 by $0.08. The business had revenue of $9.11 billion during the quarter, compared to analysts’ expectations of $9.03 billion. Honeywell International had a net margin of 15.52% and a return on equity of 35.88%. The business’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same period last year, the business earned $2.07 earnings per share. Equities analysts forecast that Honeywell International Inc. will post 9.94 EPS for the current fiscal year.

Honeywell International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 7th. Investors of record on Friday, May 17th will be issued a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a dividend yield of 2.18%. The ex-dividend date is Thursday, May 16th. Honeywell International’s dividend payout ratio is currently 50.06%.

Insider Activity at Honeywell International

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

Institutional Trading of Honeywell International

Several institutional investors have recently modified their holdings of HON. Kanawha Capital Management LLC boosted its stake in Honeywell International by 8.2% during the 3rd quarter. Kanawha Capital Management LLC now owns 1,457 shares of the conglomerate’s stock worth $269,000 after acquiring an additional 110 shares during the last quarter. Chicago Partners Investment Group LLC increased its position in shares of Honeywell International by 2.2% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 2,697 shares of the conglomerate’s stock worth $487,000 after purchasing an additional 58 shares during the last quarter. Park Avenue Securities LLC raised its holdings in shares of Honeywell International by 1.2% in the 3rd quarter. Park Avenue Securities LLC now owns 28,764 shares of the conglomerate’s stock valued at $5,314,000 after purchasing an additional 352 shares during the period. Graypoint LLC increased its holdings in shares of Honeywell International by 5.3% during the 3rd quarter. Graypoint LLC now owns 3,227 shares of the conglomerate’s stock worth $596,000 after acquiring an additional 161 shares during the last quarter. Finally, Inspire Advisors LLC increased its position in Honeywell International by 5.9% during the 3rd quarter. Inspire Advisors LLC now owns 1,768 shares of the conglomerate’s stock worth $327,000 after buying an additional 98 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.