D Scott Davis Sells 2,367 Shares of Honeywell International (NASDAQ:HON) Stock

Honeywell International Inc. (NASDAQ:HON) Director D Scott Davis sold 2,367 shares of the stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $240.00, for a total transaction of $568,080.00. Following the sale, the director directly owned 31,081 shares in the company, valued at $7,459,440. This trade represents a 7.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Honeywell International Stock Up 1.3%

Honeywell International stock traded up $3.20 during trading hours on Friday, hitting $243.97. The stock had a trading volume of 2,681,237 shares, compared to its average volume of 4,756,957. The stock’s 50-day moving average price is $215.66 and its 200-day moving average price is $209.90. The stock has a market capitalization of $155.09 billion, a P/E ratio of 30.53, a price-to-earnings-growth ratio of 3.49 and a beta of 0.94. Honeywell International Inc. has a 12-month low of $169.21 and a 12-month high of $245.63. The company has a quick ratio of 1.05, a current ratio of 1.30 and a debt-to-equity ratio of 1.81.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings results on Thursday, January 29th. The conglomerate reported $2.59 earnings per share for the quarter, beating the consensus estimate of $2.54 by $0.05. The company had revenue of $10.07 billion during the quarter, compared to the consensus estimate of $9.60 billion. Honeywell International had a net margin of 12.74% and a return on equity of 40.64%. The firm’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same quarter last year, the firm earned $2.47 earnings per share. Equities research analysts anticipate that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, February 27th will be issued a $1.19 dividend. This represents a $4.76 annualized dividend and a yield of 2.0%. The ex-dividend date is Friday, February 27th. Honeywell International’s dividend payout ratio (DPR) is presently 59.57%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Caitlin John LLC boosted its position in shares of Honeywell International by 138.9% during the fourth quarter. Caitlin John LLC now owns 129 shares of the conglomerate’s stock worth $25,000 after acquiring an additional 75 shares during the last quarter. Holos Integrated Wealth LLC purchased a new position in shares of Honeywell International during the fourth quarter valued at about $25,000. Ares Financial Consulting LLC purchased a new position in shares of Honeywell International during the fourth quarter valued at about $26,000. Howard Hughes Medical Institute bought a new stake in shares of Honeywell International in the second quarter worth about $33,000. Finally, Barnes Dennig Private Wealth Management LLC lifted its position in shares of Honeywell International by 491.7% in the third quarter. Barnes Dennig Private Wealth Management LLC now owns 142 shares of the conglomerate’s stock worth $30,000 after buying an additional 118 shares in the last quarter. 75.91% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on HON. Mizuho lowered their price objective on shares of Honeywell International from $250.00 to $240.00 and set an “outperform” rating on the stock in a research report on Monday, January 5th. Robert W. Baird lifted their price objective on Honeywell International from $220.00 to $240.00 and gave the stock a “neutral” rating in a report on Friday, January 30th. HSBC lowered their target price on Honeywell International from $290.00 to $266.00 and set a “buy” rating on the stock in a report on Tuesday, November 11th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Honeywell International from $259.00 to $273.00 and gave the stock a “buy” rating in a research note on Friday, January 30th. Finally, DZ Bank cut their target price on shares of Honeywell International from $248.00 to $237.00 in a research report on Tuesday, December 23rd. Eleven investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Honeywell International presently has an average rating of “Moderate Buy” and an average price target of $246.32.

Honeywell International Company Profile

Honeywell International Inc is a diversified, publicly traded multinational conglomerate (NASDAQ: HON) that designs and manufactures a wide range of commercial and consumer products, engineering services and aerospace systems. The company operates through major business platforms that historically include Aerospace; Building Technologies; Performance Materials and Technologies; and Safety and Productivity Solutions. Its portfolio spans avionics and propulsion systems, building controls and HVAC equipment, process technologies and advanced materials, industrial automation software, and personal protective equipment and scanning solutions.

Honeywell’s aerospace business supplies aircraft manufacturers and operators with engines and auxiliary power units, avionics, flight safety systems and aftermarket services.