Honeywell International Target of Unusually High Options Trading (HON)
Honeywell International Inc. (NYSE:HON) was the target of unusually large options trading on Tuesday. Stock traders acquired 17,328 put options on the company. This is an increase of 550% compared to the typical daily volume of 2,664 put options.
Honeywell International (NYSE:HON) traded up $1.88 during trading hours on Wednesday, hitting $150.38. 2,960,030 shares of the stock were exchanged, compared to its average volume of 3,620,000. Honeywell International has a 52 week low of $122.40 and a 52 week high of $165.13. 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 $113,810.00, a PE ratio of 35.14, a P/E/G ratio of 2.11 and a beta of 0.96.
Honeywell International (NYSE:HON) last posted its earnings results on Friday, January 26th. The conglomerate reported $1.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.84 by $0.01. Honeywell International had a net margin of 4.08% and a return on equity of 27.27%. The company had revenue of $10.84 billion during the quarter, compared to analysts’ expectations of $10.80 billion. During the same quarter in the previous year, the company posted $1.74 earnings per share. Honeywell International’s quarterly revenue was up 8.6% compared to the same quarter last year. analysts anticipate that Honeywell International will post 7.97 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 9th. Stockholders of record on Friday, February 23rd will be paid a $0.745 dividend. This represents a $2.98 dividend on an annualized basis and a dividend yield of 1.98%. The ex-dividend date is Thursday, February 22nd. Honeywell International’s dividend payout ratio (DPR) is currently 69.63%.
HON has been the subject of a number of analyst reports. Deutsche Bank restated a “buy” rating and set a $171.00 price target on shares of Honeywell International in a research note on Tuesday, November 28th. Royal Bank of Canada raised their price target on shares of Honeywell International from $148.00 to $156.00 and gave the stock an “outperform” rating in a research note on Monday, October 23rd. Zacks Investment Research cut shares of Honeywell International from a “buy” rating to a “hold” rating in a research note 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 note on Thursday, December 14th. Finally, Oppenheimer raised their price target on shares of Honeywell International from $155.00 to $168.00 and gave the stock an “outperform” rating in a research note 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 currently has a consensus rating of “Buy” and an average price target of $163.93.
Large investors have recently bought and sold shares of the company. Janus Henderson Group PLC raised its position in Honeywell International by 4,986.7% in the 2nd quarter. Janus Henderson Group PLC now owns 4,395,092 shares of the conglomerate’s stock worth $585,822,000 after purchasing an additional 4,308,688 shares during the last quarter. Ameriprise Financial Inc. raised its position in Honeywell International by 38.9% in the 2nd quarter. Ameriprise Financial Inc. now owns 13,323,259 shares of the conglomerate’s stock worth $1,776,394,000 after purchasing an additional 3,728,533 shares during the last quarter. BlackRock Inc. raised its position in Honeywell International by 5.8% in the 4th quarter. BlackRock Inc. now owns 47,575,018 shares of the conglomerate’s stock worth $7,296,103,000 after purchasing an additional 2,627,000 shares during the last quarter. APG Asset Management N.V. raised its position in Honeywell International by 69.6% in the 4th quarter. APG Asset Management N.V. now owns 3,347,506 shares of the conglomerate’s stock worth $427,526,000 after purchasing an additional 1,373,600 shares during the last quarter. Finally, Vanguard Group Inc. raised its position in Honeywell International by 2.5% in the 2nd quarter. Vanguard Group Inc. now owns 49,713,013 shares of the conglomerate’s stock worth $6,626,247,000 after purchasing an additional 1,234,672 shares during the last quarter. Institutional investors own 76.08% of the company’s stock.
About Honeywell International
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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