Honeywell International (NASDAQ:HON) Shares Up 0.2% – Here’s What Happened

Honeywell International Inc. (NASDAQ:HON)’s stock price shot up 0.2% during trading on Friday . The stock traded as high as $213.77 and last traded at $211.55. 529,031 shares were traded during trading, a decline of 87% from the average session volume of 4,074,153 shares. The stock had previously closed at $211.14.

Analyst Upgrades and Downgrades

HON has been the subject of several recent research reports. StockNews.com cut shares of Honeywell International from a “buy” rating to a “hold” rating in a research report on Monday, December 23rd. Wells Fargo & Company lowered their target price on Honeywell International from $240.00 to $220.00 and set an “equal weight” rating for the company in a research report on Friday, February 7th. Jefferies Financial Group upped their price target on Honeywell International from $220.00 to $260.00 and gave the company a “hold” rating in a research report on Tuesday, December 17th. JPMorgan Chase & Co. decreased their price target on Honeywell International from $233.00 to $231.00 and set a “neutral” rating for the company in a research note on Wednesday, January 15th. Finally, Bank of America lifted their price objective on Honeywell International from $220.00 to $240.00 and gave the stock a “neutral” rating in a research note on Thursday, November 14th. Ten research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $248.71.

Honeywell International Trading Up 0.3 %

The firm’s 50-day moving average price is $218.57 and its 200 day moving average price is $215.85. The company has a market cap of $138.36 billion, a price-to-earnings ratio of 24.44, a P/E/G ratio of 2.51 and a beta of 1.05. The company has a current ratio of 1.31, a quick ratio of 1.01 and a debt-to-equity ratio of 1.33.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings results on Thursday, February 6th. The conglomerate reported $2.47 EPS for the quarter, topping analysts’ consensus estimates of $2.37 by $0.10. Honeywell International had a net margin of 14.82% and a return on equity of 35.78%. As a group, equities analysts expect that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be paid a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a yield of 2.12%. The ex-dividend date is Friday, February 28th. Honeywell International’s dividend payout ratio (DPR) is currently 51.89%.

Insider Buying and Selling at Honeywell International

In related news, VP Anne T. Madden sold 28,885 shares of the stock in a transaction on Monday, February 10th. The stock was sold at an average price of $207.89, for a total value of $6,004,902.65. Following the transaction, the vice president now directly owns 41,580 shares in the company, valued at $8,644,066.20. This trade represents a 40.99 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.41% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Capital World Investors bought a new stake in shares of Honeywell International during the fourth quarter worth about $1,594,216,000. Raymond James Financial Inc. bought a new stake in Honeywell International during the 4th quarter worth approximately $435,786,000. ING Groep NV raised its stake in shares of Honeywell International by 884.0% in the fourth quarter. ING Groep NV now owns 1,752,472 shares of the conglomerate’s stock worth $395,866,000 after purchasing an additional 1,574,376 shares during the last quarter. Wellington Management Group LLP lifted its holdings in shares of Honeywell International by 8.4% in the third quarter. Wellington Management Group LLP now owns 17,826,700 shares of the conglomerate’s stock valued at $3,684,957,000 after purchasing an additional 1,376,479 shares in the last quarter. Finally, Cibc World Markets Corp boosted its position in shares of Honeywell International by 411.8% during the fourth quarter. Cibc World Markets Corp now owns 1,265,358 shares of the conglomerate’s stock valued at $285,832,000 after buying an additional 1,018,099 shares during the last quarter. Institutional investors and hedge funds own 75.91% of the company’s stock.

About Honeywell International

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.