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

Investors sold shares of Honeywell International Inc. (NYSE:HON) on strength during trading on Friday following insider selling activity. $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 stocks tracked, Honeywell International had the 0th 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 firm’s stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $147.71, for a total transaction of $426,291.06. Following the completion of 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.56% of the stock is owned by company insiders.

HON has been the subject of several recent analyst reports. Deutsche Bank restated a “buy” rating and set a $171.00 target price on shares of Honeywell International in a research note on Tuesday, November 28th. Royal Bank of Canada increased their price target on shares of Honeywell International from $148.00 to $156.00 and gave the stock an “outperform” rating in a research report on Monday, October 23rd. Zacks Investment Research cut shares of Honeywell International from a “buy” rating to a “hold” rating in a research report on Thursday, November 30th. Citigroup set a $180.00 price target on shares of Honeywell International and gave the stock a “buy” rating in a research report on Thursday, December 14th. Finally, Oppenheimer increased their price target on shares of Honeywell International from $155.00 to $168.00 and gave the stock an “outperform” rating in a research report on Thursday, December 14th. Three investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Honeywell International presently has an average rating of “Buy” and an average target price of $165.67.

The company has a quick ratio of 1.13, a current ratio of 1.38 and a debt-to-equity ratio of 0.72. The company has a market capitalization of $116,570.00, a price-to-earnings ratio of 35.99, a PEG ratio of 2.12 and a beta of 0.96.

Honeywell International (NYSE:HON) last issued its earnings results on Friday, January 26th. The conglomerate reported $1.85 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.84 by $0.01. Honeywell International had a net margin of 4.08% and a return on equity of 27.27%. The firm had revenue of $10.84 billion for the quarter, compared to analysts’ expectations of $10.80 billion. During the same quarter last year, the company posted $1.74 earnings per share. Honeywell International’s revenue was up 8.6% on a year-over-year basis. equities analysts expect that Honeywell International Inc. will post 7.97 EPS for the current year.

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

Honeywell International declared that its Board of Directors has initiated a share buyback program on Friday, December 8th that allows the company to repurchase $6.50 billion in outstanding shares. This repurchase authorization allows the conglomerate to buy shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company’s leadership believes its stock is undervalued.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. We Are One Seven LLC bought a new position in Honeywell International in the fourth quarter worth about $199,000. Woodard & Co. Asset Management Group Inc. ADV bought a new stake in shares of Honeywell International during the fourth quarter valued at approximately $746,000. Salem Investment Counselors Inc. raised its holdings in shares of Honeywell International by 3.0% during the fourth quarter. Salem Investment Counselors Inc. now owns 31,361 shares of the conglomerate’s stock valued at $4,810,000 after buying an additional 914 shares during the last quarter. Northern Oak Wealth Management Inc. raised its holdings in shares of Honeywell International by 5.8% during the fourth quarter. Northern Oak Wealth Management Inc. now owns 40,739 shares of the conglomerate’s stock valued at $6,248,000 after buying an additional 2,250 shares during the last quarter. Finally, Slow Capital Inc. bought a new stake in shares of Honeywell International during the fourth quarter valued at approximately $3,096,000. 76.08% of the stock is currently owned by hedge funds and other institutional investors.

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Honeywell International Company Profile

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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