Honeywell International (HON) Given News Impact Score of 0.23
News coverage about Honeywell International (NYSE:HON) has been trending somewhat positive on Wednesday, Accern Sentiment Analysis reports. Accern identifies positive and negative press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Honeywell International earned a media sentiment score of 0.23 on Accern’s scale. Accern also assigned media stories about the conglomerate an impact score of 46.6517540601969 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Here are some of the media stories that may have effected Accern Sentiment’s rankings:
- BRIEF-Lear Corp says collaborating with Honeywell on automotive cybersecurity software solutions (wardsauto.com)
- Honeywell’s Connected Vehicle Enterprise Hires Industry Expert To Lead Automotive Business (finance.yahoo.com)
- Honeywell and Lear Collaborating on Automotive Cybersecurity Software Solutions (finance.yahoo.com)
- Honeywell and Intel launch drone industrial inspection service (finance.yahoo.com)
- Honeywell International Inc. (HON) Expected to Announce Quarterly Sales of $9.84 Billion (americanbankingnews.com)
HON has been the subject of a number of analyst reports. Zacks Investment Research upgraded Honeywell International from a “hold” rating to a “buy” rating and set a $151.00 price target for the company in a research report on Thursday, July 20th. Morgan Stanley reiterated an “overweight” rating and set a $141.00 price target (up previously from $137.00) on shares of Honeywell International in a research report on Thursday, June 22nd. BidaskClub upgraded Honeywell International from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, June 21st. HSBC Holdings plc initiated coverage on Honeywell International in a research report on Wednesday, June 21st. They set a “buy” rating and a $147.00 price target for the company. Finally, Jefferies Group LLC reiterated a “buy” rating and set a $155.00 price target (up previously from $141.00) on shares of Honeywell International in a research report on Monday, July 24th. Two equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $141.18.
Shares of Honeywell International (NYSE HON) traded down 0.56% during midday trading on Wednesday, hitting $137.90. The stock had a trading volume of 2,037,315 shares. The firm has a market capitalization of $104.88 billion, a PE ratio of 21.38 and a beta of 0.94. The firm’s 50-day moving average price is $137.49 and its 200-day moving average price is $131.98. Honeywell International has a one year low of $105.25 and a one year high of $140.21.
Honeywell International (NYSE:HON) last released its earnings results on Friday, July 21st. The conglomerate reported $1.80 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.78 by $0.02. The company had revenue of $10.08 billion during the quarter, compared to analysts’ expectations of $9.89 billion. Honeywell International had a return on equity of 26.60% and a net margin of 12.68%. The business’s revenue for the quarter was up .9% on a year-over-year basis. During the same period last year, the firm earned $1.70 EPS. On average, equities analysts predict that Honeywell International will post $7.09 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 8th. Stockholders of record on Friday, August 18th were paid a $0.665 dividend. The ex-dividend date of this dividend was Wednesday, August 16th. This represents a $2.66 annualized dividend and a dividend yield of 1.93%. Honeywell International’s dividend payout ratio (DPR) is currently 41.24%.
In other news, insider Rajeev Gautam sold 5,840 shares of the firm’s stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $136.68, for a total value of $798,211.20. Following the transaction, the insider now directly owns 16,597 shares in the company, valued at approximately $2,268,477.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Jennifer H. Mak sold 420 shares of the firm’s stock in a transaction on Thursday, July 27th. The stock was sold at an average price of $136.66, for a total value of $57,397.20. Following the completion of the transaction, the vice president now owns 1,363 shares in the company, valued at $186,267.58. The disclosure for this sale can be found here. Insiders sold a total of 354,108 shares of company stock worth $48,886,463 over the last 90 days. 1.56% of the stock is 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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