Insider Selling: Honeywell International Inc. (HON) Director Sells $629,807.50 in Stock
Honeywell International Inc. (NYSE:HON) Director Linnet F. Deily sold 4,234 shares of the business’s stock in a transaction on Wednesday, February 6th. The shares were sold at an average price of $148.75, for a total transaction of $629,807.50. Following the sale, the director now owns 11,369 shares in the company, valued at approximately $1,691,138.75. The sale was disclosed in a legal filing with the SEC, which is available at this link.
HON opened at $148.61 on Friday. The company has a quick ratio of 1.06, a current ratio of 1.29 and a debt-to-equity ratio of 0.53. The stock has a market capitalization of $110.01 billion, a PE ratio of 18.55, a P/E/G ratio of 2.09 and a beta of 1.08. Honeywell International Inc. has a 1 year low of $123.48 and a 1 year high of $167.72.
Honeywell International (NYSE:HON) last posted its quarterly earnings results on Friday, February 1st. The conglomerate reported $1.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.88 by $0.03. The firm had revenue of $9.73 billion during the quarter, compared to analyst estimates of $9.72 billion. Honeywell International had a return on equity of 33.36% and a net margin of 16.18%. Honeywell International’s quarterly revenue was down 10.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.85 EPS. Sell-side analysts forecast that Honeywell International Inc. will post 7.95 earnings per share for the current fiscal year.
Institutional investors and hedge funds have recently bought and sold shares of the company. Wealthsource Partners LLC raised its position in Honeywell International by 4.0% in the 4th quarter. Wealthsource Partners LLC now owns 1,786 shares of the conglomerate’s stock worth $236,000 after buying an additional 68 shares during the last quarter. Livingston Group Asset Management CO operating as Southport Capital Management raised its position in Honeywell International by 1.5% in the 4th quarter. Livingston Group Asset Management CO operating as Southport Capital Management now owns 4,737 shares of the conglomerate’s stock worth $626,000 after buying an additional 72 shares during the last quarter. Fagan Associates Inc. raised its position in Honeywell International by 1.3% in the 4th quarter. Fagan Associates Inc. now owns 5,555 shares of the conglomerate’s stock worth $734,000 after buying an additional 72 shares during the last quarter. Parkside Financial Bank & Trust raised its position in Honeywell International by 5.1% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,507 shares of the conglomerate’s stock worth $199,000 after buying an additional 73 shares during the last quarter. Finally, Cooper Haims Advisors LLC raised its position in Honeywell International by 3.4% in the 4th quarter. Cooper Haims Advisors LLC now owns 2,268 shares of the conglomerate’s stock worth $300,000 after buying an additional 75 shares during the last quarter. 71.06% of the stock is owned by hedge funds and other institutional investors.
HON has been the topic of a number of research reports. Citigroup set a $186.00 target price on shares of Honeywell International and gave the company a “buy” rating in a report on Tuesday, October 30th. Deutsche Bank boosted their target price on shares of Honeywell International to $160.00 and gave the company a “buy” rating in a report on Monday, February 4th. Zacks Investment Research cut shares of Honeywell International from a “hold” rating to a “strong sell” rating in a report on Thursday, October 25th. Royal Bank of Canada upgraded shares of Honeywell International from a “sector perform” rating to an “outperform” rating and set a $148.00 target price on the stock in a report on Thursday, January 3rd. Finally, restated an “outperform” rating and set a $177.00 target price (down previously from $184.00) on shares of Honeywell International in a report on Tuesday, October 23rd. Five analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $168.88.
Honeywell International Company Profile
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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