Honeywell International (NASDAQ:HON) Trading Down 0.9%

Honeywell International Inc. (NASDAQ:HON) shares fell 0.9% during mid-day trading on Wednesday . The company traded as low as $193.26 and last traded at $194.49. 462,249 shares were traded during mid-day trading, a decline of 84% from the average session volume of 2,967,236 shares. The stock had previously closed at $196.16.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on HON shares. Barclays lifted their price target on shares of Honeywell International from $230.00 to $232.00 and gave the company an “overweight” rating in a report on Tuesday, April 2nd. Royal Bank of Canada lowered their price target on shares of Honeywell International from $210.00 to $209.00 and set a “sector perform” rating on the stock in a report on Friday, February 2nd. Berenberg Bank raised shares of Honeywell International from a “hold” rating to a “buy” rating and lifted their price target for the company from $195.00 to $240.00 in a report on Wednesday, March 6th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $215.00 price target (down previously from $227.00) on shares of Honeywell International in a report on Tuesday, April 16th. One analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $219.67.

Honeywell International Price Performance

The firm’s 50-day moving average is $198.35 and its two-hundred day moving average is $196.26. The company has a market cap of $126.84 billion, a P/E ratio of 22.95, a PEG ratio of 2.24 and a beta of 1.02. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.27 and a quick ratio of 0.93.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings data on Thursday, February 1st. The conglomerate reported $2.60 earnings per share for the quarter, beating analysts’ consensus estimates of $2.59 by $0.01. Honeywell International had a net margin of 15.43% and a return on equity of 35.17%. The business had revenue of $9.44 billion for the quarter, compared to analysts’ expectations of $9.70 billion. During the same quarter in the previous year, the business posted $2.52 earnings per share. The business’s revenue was up 2.8% compared to the same quarter last year. Analysts anticipate that Honeywell International Inc. will post 9.94 earnings per share for the current year.

Honeywell International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were paid a dividend of $1.08 per share. This represents a $4.32 dividend on an annualized basis and a dividend yield of 2.22%. The ex-dividend date of this dividend was Thursday, February 29th. Honeywell International’s dividend payout ratio is currently 51.00%.

Insider Buying and Selling

In other Honeywell International news, Director Darius Adamczyk sold 25,500 shares of the stock in a transaction dated 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 sale, the director now directly owns 183,400 shares of the company’s stock, valued at $36,164,646. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.41% of the stock is owned by insiders.

Institutional Investors Weigh In On Honeywell International

Hedge funds and other institutional investors have recently made changes to their positions in the company. Industrial Alliance Investment Management Inc. grew its stake in shares of Honeywell International by 1,205.8% during the 3rd quarter. Industrial Alliance Investment Management Inc. now owns 3,395 shares of the conglomerate’s stock worth $627,000 after purchasing an additional 3,135 shares during the period. Jag Capital Management LLC lifted its position in shares of Honeywell International by 40.8% during the 3rd quarter. Jag Capital Management LLC now owns 1,619 shares of the conglomerate’s stock valued at $299,000 after buying an additional 469 shares in the last quarter. Shulman DeMeo Asset Management LLC lifted its position in shares of Honeywell International by 11.1% during the 4th quarter. Shulman DeMeo Asset Management LLC now owns 1,686 shares of the conglomerate’s stock valued at $354,000 after buying an additional 169 shares in the last quarter. Ferguson Wellman Capital Management Inc. lifted its position in shares of Honeywell International by 1.7% during the 4th quarter. Ferguson Wellman Capital Management Inc. now owns 495,917 shares of the conglomerate’s stock valued at $103,999,000 after buying an additional 8,493 shares in the last quarter. Finally, WINTON GROUP Ltd purchased a new position in shares of Honeywell International during the 3rd quarter valued at approximately $203,000. 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.