Investors Sell Honeywell (HON) on Strength (HON)

Traders sold shares of Honeywell (NYSE:HON) on strength during trading hours on Monday. $55.62 million flowed into the stock on the tick-up and $95.30 million flowed out of the stock on the tick-down, for a money net flow of $39.68 million out of the stock. Of all stocks tracked, Honeywell had the 28th highest net out-flow for the day. Honeywell traded up $2.15 for the day and closed at $150.49

HON has been the topic of several recent research reports. Cowen reiterated a “buy” rating and issued a $168.00 price target on shares of Honeywell in a report on Monday, January 22nd. UBS initiated coverage on Honeywell in a report on Monday, January 22nd. They issued a “buy” rating on the stock. Bank of America increased their price target on Honeywell from $117.12 to $168.00 and gave the stock a “buy” rating in a report on Friday, January 26th. Robert W. Baird reiterated a “buy” rating and issued a $187.00 price target on shares of Honeywell in a report on Friday, January 26th. Finally, TheStreet lowered Honeywell from an “a+” rating to a “c+” rating in a report on Friday, January 26th. Three equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $167.53.

The company has a quick ratio of 1.11, a current ratio of 1.36 and a debt-to-equity ratio of 0.72. The firm has a market cap of $110.80 billion, a price-to-earnings ratio of 21.17, a P/E/G ratio of 1.98 and a beta of 0.98.

Honeywell (NYSE:HON) last issued its quarterly earnings results on Friday, April 20th. The conglomerate reported $1.95 EPS for the quarter, beating the Zacks’ consensus estimate of $1.89 by $0.06. The company had revenue of $10.39 billion during the quarter, compared to the consensus estimate of $10.03 billion. Honeywell had a return on equity of 29.25% and a net margin of 4.26%. Honeywell’s revenue was up 9.5% on a year-over-year basis. During the same period last year, the business posted $1.71 earnings per share. equities analysts forecast that Honeywell will post 8.02 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 8th. Investors of record on Friday, May 18th will be given a dividend of $0.745 per share. This represents a $2.98 dividend on an annualized basis and a dividend yield of 1.98%. The ex-dividend date of this dividend is Thursday, May 17th. Honeywell’s payout ratio is 41.91%.

In related news, Director Jaime Chico /Fa Pardo sold 2,868 shares of the stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $156.36, for a total transaction of $448,440.48. Following the completion of the sale, the director now directly owns 41,092 shares of the company’s stock, valued at $6,425,145.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.33% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of HON. BlackRock Inc. increased its position in Honeywell by 0.8% in the first quarter. BlackRock Inc. now owns 47,946,537 shares of the conglomerate’s stock worth $6,928,754,000 after buying an additional 371,519 shares during the last quarter. Geode Capital Management LLC increased its position in Honeywell by 4.5% in the fourth quarter. Geode Capital Management LLC now owns 8,525,277 shares of the conglomerate’s stock worth $1,304,881,000 after buying an additional 369,046 shares during the last quarter. Clearbridge Investments LLC increased its position in Honeywell by 3.2% in the fourth quarter. Clearbridge Investments LLC now owns 6,052,733 shares of the conglomerate’s stock worth $928,247,000 after buying an additional 187,212 shares during the last quarter. Wells Fargo & Company MN increased its position in Honeywell by 4.1% in the fourth quarter. Wells Fargo & Company MN now owns 4,880,271 shares of the conglomerate’s stock worth $748,439,000 after buying an additional 193,523 shares during the last quarter. Finally, Janus Henderson Group PLC increased its position in Honeywell by 7.2% in the third quarter. Janus Henderson Group PLC now owns 4,712,654 shares of the conglomerate’s stock worth $667,969,000 after buying an additional 317,562 shares during the last quarter. 74.46% of the stock is owned by institutional investors.

About Honeywell

Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. It operates through four segments: Aerospace; Home and Building Technologies; Performance Materials and Technologies; and Safety and Productivity Solutions. The Aerospace segment supplies products, software, and services for aircraft and vehicles that it sells to original equipment manufacturers and other customers in various markets, including air transport, regional, business and general aviation aircraft, airlines, aircraft operators, defense and space contractors, and automotive and truck manufacturers.

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