Traders Sell Shares of Honeywell International Inc. (HON) on Strength Following Insider Selling

Traders sold shares of Honeywell International Inc. (NYSE:HON) on strength during trading hours on Tuesday after an insider sold shares in the company. $54.36 million flowed into the stock on the tick-up and $97.24 million flowed out of the stock on the tick-down, for a money net flow of $42.88 million out of the stock. Of all companies tracked, Honeywell International had the 0th highest net out-flow for the day. Honeywell International traded up $0.60 for the day and closed at $147.32Specifically, VP Krishna Mikkilineni sold 13,074 shares of Honeywell International stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $145.12, for a total value of $1,897,298.88. Following the completion of the transaction, the vice president now directly owns 104,998 shares in the company, valued at $15,237,309.76. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Bradley T. Sheares sold 1,328 shares of Honeywell International stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $146.41, for a total value of $194,432.48. Following the completion of the transaction, the director now owns 4,002 shares of the company’s stock, valued at $585,932.82. The disclosure for this sale can be found here. Insiders sold 20,242 shares of company stock valued at $2,889,943 over the last ninety days. Insiders own 1.56% of the company’s stock.

A number of research analysts recently issued reports on the company. Royal Bank Of Canada lifted their target price on Honeywell International from $148.00 to $156.00 and gave the company an “outperform” rating in a report on Monday, October 23rd. Credit Suisse Group reiterated a “neutral” rating and issued a $150.00 target price (up from $141.00) on shares of Honeywell International in a report on Monday, October 23rd. Citigroup Inc. lifted their target price on Honeywell International from $155.00 to $170.00 and gave the company a “buy” rating in a report on Monday, October 9th. Vertical Research reiterated a “buy” rating on shares of Honeywell International in a report on Friday, October 20th. Finally, Cowen and Company reiterated a “buy” rating and issued a $150.00 target price on shares of Honeywell International in a report on Tuesday, October 10th. One analyst has rated the stock with a hold rating and seventeen have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $150.79.

The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.09 and a current ratio of 1.35. The company has a market cap of $112,340.00, a price-to-earnings ratio of 20.97, a price-to-earnings-growth ratio of 2.24 and a beta of 0.97.

Honeywell International (NYSE:HON) last posted its earnings results on Friday, October 20th. The conglomerate reported $1.75 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.75. Honeywell International had a return on equity of 26.26% and a net margin of 12.85%. The business had revenue of $10.12 billion during the quarter, compared to the consensus estimate of $10.05 billion. During the same period in the previous year, the business earned $1.60 EPS. The business’s quarterly revenue was up 3.2% on a year-over-year basis. analysts predict that Honeywell International Inc. will post 7.06 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Friday, November 17th will be given a $0.745 dividend. This represents a $2.98 annualized dividend and a yield of 2.02%. The ex-dividend date is Thursday, November 16th. This is a boost from Honeywell International’s previous quarterly dividend of $0.67. Honeywell International’s payout ratio is 40.30%.

Hedge funds have recently modified their holdings of the stock. Burt Wealth Advisors increased its position in Honeywell International by 65.4% in the 2nd quarter. Burt Wealth Advisors now owns 759 shares of the conglomerate’s stock valued at $101,000 after acquiring an additional 300 shares during the period. Mosaic Family Wealth LLC increased its position in Honeywell International by 11.4% in the 2nd quarter. Mosaic Family Wealth LLC now owns 762 shares of the conglomerate’s stock valued at $102,000 after acquiring an additional 78 shares during the period. Guidant Wealth Advisors increased its position in Honeywell International by 15.8% in the 2nd quarter. Guidant Wealth Advisors now owns 764 shares of the conglomerate’s stock valued at $102,000 after acquiring an additional 104 shares during the period. Jolley Asset Management LLC increased its position in Honeywell International by 6.9% in the 2nd quarter. Jolley Asset Management LLC now owns 775 shares of the conglomerate’s stock valued at $103,000 after acquiring an additional 50 shares during the period. Finally, Mascoma Wealth Management LLC increased its position in Honeywell International by 113.2% in the 3rd quarter. Mascoma Wealth Management LLC now owns 806 shares of the conglomerate’s stock valued at $114,000 after acquiring an additional 428 shares during the period. Hedge funds and other institutional investors own 76.24% of the company’s stock.

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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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