Investors Buy Shares of Honeywell International (HON) on Weakness
Investors purchased shares of Honeywell International Inc. (NYSE:HON) on weakness during trading hours on Monday. $113.41 million flowed into the stock on the tick-up and $57.48 million flowed out of the stock on the tick-down, for a money net flow of $55.93 million into the stock. Of all companies tracked, Honeywell International had the 19th highest net in-flow for the day. Honeywell International traded down ($0.13) for the day and closed at $148.48
Several analysts recently issued reports on HON shares. Citigroup set a $186.00 target price on shares of Honeywell International and gave the company a “buy” rating in a research report on Tuesday, October 30th. Morgan Stanley set a $170.00 target price on shares of Honeywell International and gave the company a “buy” rating in a research report on Monday, October 22nd. Deutsche Bank set a $169.00 target price on shares of Honeywell International and gave the company a “buy” rating in a research report on Monday, October 22nd. Argus restated a “buy” rating on shares of Honeywell International in a research report on Monday, October 22nd. Finally, Cowen restated a “buy” rating and set a $168.00 target price on shares of Honeywell International in a research report on Friday, October 19th. Five investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. Honeywell International has a consensus rating of “Buy” and an average price target of $168.88.
The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.06 and a current ratio of 1.29. The firm has a market cap of $109.76 billion, a price-to-earnings ratio of 18.54, a P/E/G ratio of 2.09 and a beta of 1.08.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 8th. Shareholders of record on Friday, February 22nd will be issued a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a yield of 2.21%. The ex-dividend date is Thursday, February 21st. Honeywell International’s dividend payout ratio is currently 40.95%.
In other Honeywell International news, Director D Scott Davis sold 3,963 shares of Honeywell International stock in a transaction that occurred on Wednesday, November 14th. The shares were sold at an average price of $149.11, for a total transaction of $590,922.93. Following the transaction, the director now owns 25,764 shares of the company’s stock, valued at $3,841,670.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jaime Chico /Fa Pardo sold 13,400 shares of Honeywell International stock in a transaction that occurred on Wednesday, November 21st. The shares were sold at an average price of $145.13, for a total transaction of $1,944,742.00. Following the transaction, the director now directly owns 13,607 shares in the company, valued at approximately $1,974,783.91. The disclosure for this sale can be found here. Insiders have sold 49,878 shares of company stock worth $7,226,907 in the last ninety days. Insiders own 1.33% of the company’s stock.
A number of large investors have recently modified their holdings of HON. IMS Capital Management purchased a new position in shares of Honeywell International in the third quarter worth $53,000. Clarus Wealth Advisors lifted its holdings in shares of Honeywell International by 48.4% in the fourth quarter. Clarus Wealth Advisors now owns 457 shares of the conglomerate’s stock worth $60,000 after buying an additional 149 shares in the last quarter. Ayalon Holdings Ltd. purchased a new position in shares of Honeywell International in the fourth quarter worth $61,000. Jackson Grant Investment Advisers Inc. lifted its holdings in shares of Honeywell International by 59.2% in the fourth quarter. Jackson Grant Investment Advisers Inc. now owns 503 shares of the conglomerate’s stock worth $67,000 after buying an additional 187 shares in the last quarter. Finally, Enlightenment Research LLC purchased a new position in shares of Honeywell International in the fourth quarter worth $79,000. 74.04% of the stock is currently owned by institutional investors and hedge funds.
Honeywell International Company Profile (NYSE:HON)
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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