Somewhat Favorable Press Coverage Very Likely to Affect Honeywell International (HON) Stock Price
Media coverage about Honeywell International (NYSE:HON) has been trending somewhat positive recently, according to Accern Sentiment. Accern identifies negative and positive press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Honeywell International earned a coverage optimism score of 0.21 on Accern’s scale. Accern also assigned media stories about the conglomerate an impact score of 82 out of 100, indicating that recent press coverage is very likely to have an effect on the company’s share price in the near future.
Here are some of the news articles that may have effected Accern’s rankings:
- Honeywell International Inc. (HON) Upgraded to Buy at Zacks Investment Research (americanbankingnews.com)
- Honeywell International : Certain Bar Code Readers, Scan Engines, Products Containing the Same, and Components Thereof; Institution of Investigation (4-traders.com)
- Keep Home Close – Even When You’re Not There – With The New Honeywell Lyric™ C1 Wi-Fi Security Camera (finance.yahoo.com)
- Bidders for Toshiba’s Landis+Gyr narrows to two – sources (finance.yahoo.com)
- US Activist Targets Nestlé — WSJ – Fox Business (foxbusiness.com)
Honeywell International (NYSE:HON) traded up 0.70% during mid-day trading on Wednesday, reaching $133.86. 1,024,687 shares of the company were exchanged. Honeywell International has a 1-year low of $105.25 and a 1-year high of $135.90. The stock has a 50-day moving average of $132.66 and a 200 day moving average of $124.62. The firm has a market capitalization of $102.05 billion, a P/E ratio of 21.08 and a beta of 0.92.
Honeywell International (NYSE:HON) last announced its quarterly earnings results on Friday, April 21st. The conglomerate reported $1.66 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.62 by $0.04. The firm had revenue of $9.49 billion during the quarter, compared to the consensus estimate of $9.33 billion. Honeywell International had a return on equity of 26.58% and a net margin of 12.43%. The firm’s quarterly revenue was down .3% compared to the same quarter last year. During the same period in the prior year, the company posted $1.56 earnings per share. Equities research analysts forecast that Honeywell International will post $7.09 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, June 9th. Investors of record on Friday, May 19th were issued a $0.665 dividend. This represents a $2.66 dividend on an annualized basis and a yield of 2.00%. The ex-dividend date was Wednesday, May 17th. Honeywell International’s dividend payout ratio (DPR) is 42.16%.
A number of research analysts have commented on the stock. BidaskClub raised shares of Honeywell International from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, June 21st. Zacks Investment Research raised shares of Honeywell International from a “hold” rating to a “buy” rating and set a $150.00 target price on the stock in a research report on Wednesday. Morgan Stanley reissued an “overweight” rating and set a $141.00 target price (up previously from $137.00) on shares of Honeywell International in a research report on Thursday, June 22nd. Oppenheimer Holdings Inc. reissued an “outperform” rating and set a $148.00 target price (up previously from $134.00) on shares of Honeywell International in a research report on Friday, March 3rd. Finally, Royal Bank Of Canada reissued a “buy” rating on shares of Honeywell International in a research report on Friday, May 26th. One investment analyst has rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $135.81.
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In related news, SVP Mark R. James sold 116,441 shares of the company’s stock in a transaction that occurred on Wednesday, April 26th. The stock was sold at an average price of $130.47, for a total value of $15,192,057.27. Following the completion of the transaction, the senior vice president now directly owns 240,826 shares of the company’s stock, valued at $31,420,568.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Jennifer H. Mak sold 5,510 shares of the company’s stock in a transaction that occurred on Tuesday, May 23rd. The shares were sold at an average price of $131.88, for a total value of $726,658.80. Following the completion of the transaction, the vice president now directly owns 3,141 shares of the company’s stock, valued at $414,235.08. The disclosure for this sale can be found here. Insiders sold 1,253,667 shares of company stock valued at $164,049,416 over the last ninety days. 1.56% of the stock is currently owned by corporate insiders.
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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