Investors sold shares of Honeywell International Inc. (NYSE:HON) on strength during trading on Wednesday. $60.09 million flowed into the stock on the tick-up and $106.51 million flowed out of the stock on the tick-down, for a money net flow of $46.42 million out of the stock. Of all equities tracked, Honeywell International had the 10th highest net out-flow for the day. Honeywell International traded up $0.88 for the day and closed at $151.36
A number of equities research analysts have issued reports on the stock. Jefferies Group increased their price objective on shares of Honeywell International from $162.00 to $180.00 and gave the company a “buy” rating in a report on Thursday, December 14th. Zacks Investment Research raised shares of Honeywell International from a “hold” rating to a “buy” rating and set a $170.00 price objective for the company in a report on Monday. Robert W. Baird reaffirmed a “buy” rating and set a $187.00 price objective on shares of Honeywell International in a report on Friday, January 26th. Bank of America increased their price objective on shares of Honeywell International from $117.12 to $168.00 and gave the company a “buy” rating in a report on Friday, January 26th. Finally, Stifel Nicolaus cut their price objective on shares of Honeywell International from $171.00 to $169.00 and set a “buy” rating for the company in a report on Thursday, December 14th. Three investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $166.73.
The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.13 and a current ratio of 1.38. The company has a market capitalization of $112,950.69, a price-to-earnings ratio of 72.77, a price-to-earnings-growth ratio of 2.12 and a beta of 0.98.
The firm also recently announced a quarterly dividend, which was paid on Friday, March 9th. Investors of record on Friday, February 23rd were issued a $0.745 dividend. This represents a $2.98 dividend on an annualized basis and a dividend yield of 1.97%. The ex-dividend date of this dividend was Thursday, February 22nd. Honeywell International’s dividend payout ratio (DPR) is presently 143.27%.
Honeywell International declared that its board has authorized a share repurchase plan on Friday, December 8th that allows the company to repurchase $6.50 billion in shares. This repurchase authorization allows the conglomerate to purchase shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s board believes its stock is undervalued.
In related news, Director Linnet F. Deily sold 2,886 shares of the firm’s stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $147.71, for a total value 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 filing with the SEC, which can be accessed through this link. Also, Director Jaime Chico /Fa Pardo sold 2,868 shares of the firm’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $156.36, for a total value of $448,440.48. Following the completion of the sale, the director now owns 41,092 shares of the company’s stock, valued at $6,425,145.12. The disclosure for this sale can be found here. Company insiders own 1.33% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the stock. Wagner Wealth Management LLC bought a new stake in shares of Honeywell International during the fourth quarter worth $101,000. Welch Group LLC purchased a new position in shares of Honeywell International during the fourth quarter valued at $100,000. Taylor Hoffman Wealth Management purchased a new position in shares of Honeywell International during the fourth quarter valued at $113,000. Mascoma Wealth Management LLC increased its stake in shares of Honeywell International by 113.2% during the third quarter. Mascoma Wealth Management LLC now owns 806 shares of the conglomerate’s stock valued at $114,000 after buying an additional 428 shares during the period. Finally, Invictus RG purchased a new position in shares of Honeywell International during the third quarter valued at $117,000. Institutional investors own 75.27% of the company’s stock.
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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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