Honeywell International (NASDAQ:HON) Stock Crosses Above Two Hundred Day Moving Average – What’s Next?

Honeywell International Inc. (NASDAQ:HON) passed above its two hundred day moving average during trading on Wednesday. The stock has a two hundred day moving average of $224.73 and traded as high as $232.58. Honeywell International shares last traded at $228.47, with a volume of 3,696,477 shares changing hands.

Wall Street Analyst Weigh In

HON has been the topic of a number of research reports. Royal Bank Of Canada cut their target price on shares of Honeywell International from $270.00 to $269.00 and set an “outperform” rating on the stock in a research note on Friday, October 23rd. JPMorgan Chase & Co. raised their target price on Honeywell International from $240.00 to $241.00 and gave the company an “overweight” rating in a report on Friday, October 23rd. Bank of America raised shares of Honeywell International from an “underperform” rating to a “neutral” rating and increased their price objective for the company from $205.00 to $265.00 in a research report on Tuesday, July 28th. Weiss Ratings cut shares of Honeywell International from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, September 25th. Finally, Wells Fargo & Company initiated coverage on shares of Honeywell International in a report on Friday, September 25th. They issued an “equal weight” rating and a $231.00 price objective on the stock. Thirteen equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $249.96.

Honeywell International Stock Performance

The company has a fifty day moving average of $212.23 and a two-hundred day moving average of $224.73. The stock has a market capitalization of $72.51 billion, a P/E ratio of 10.28, a price-to-earnings-growth ratio of 1.67 and a beta of 0.86. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.96 and a quick ratio of 0.82.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings results on Thursday, October 22nd. The conglomerate reported $2.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.17 by $0.10. Honeywell International had a return on equity of 25.62% and a net margin of 24.36%. The business had revenue of $4.99 billion for the quarter, compared to analyst estimates of $5.01 billion. During the same period in the prior year, the company posted $2.82 EPS. The business’s revenue was up 1.3% compared to the same quarter last year. On average, equities analysts anticipate that Honeywell International Inc. will post 8.44 EPS for the current year.

Honeywell International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 4th. Investors of record on Friday, November 13th will be paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Friday, November 13th. Honeywell International’s dividend payout ratio is presently 32.12%.

Insider Activity

In other Honeywell International news, CEO Vimal Kapur sold 6,459 shares of the firm’s stock in a transaction that occurred on Monday, October 26th. The shares were sold at an average price of $220.99, for a total value of $1,427,374.41. Following the sale, the chief executive officer owned 4,437 shares in the company, valued at approximately $980,532.63. This trade represents a 59.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Su Lu sold 2,943 shares of Honeywell International stock in a transaction on Monday, October 26th. The shares were sold at an average price of $221.18, for a total value of $650,932.74. Following the sale, the vice president directly owned 6,631 shares in the company, valued at $1,466,644.58. The trade was a 30.74% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 0.15% of the company’s stock.

Institutional Investors Weigh In On Honeywell International

A number of institutional investors have recently added to or reduced their stakes in HON. CYBER HORNET ETFs LLC acquired a new stake in shares of Honeywell International in the second quarter valued at $220,000. Atlantic Private Wealth LLC acquired a new position in shares of Honeywell International in the 2nd quarter worth approximately $59,000. DMC Group LLC acquired a new stake in Honeywell International during the second quarter valued at approximately $375,000. Studio Investment Management LLC acquired a new stake in shares of Honeywell International during the 2nd quarter valued at $2,578,000. Finally, Washington Trust Advisors Inc. bought a new stake in shares of Honeywell International during the 2nd quarter worth $118,000. 75.91% of the stock is currently owned by institutional investors and hedge funds.

About Honeywell International

Honeywell International Inc is a diversified industrial technology company that develops products and systems for the aerospace, building automation, energy and industrial sectors. Its offerings include aircraft engines and avionics, industrial automation and control systems, building management technologies, fire and security products, personal protective equipment, and specialty materials and chemicals.

The company serves commercial aerospace, defense, airlines, building owners, manufacturers, energy producers and other industrial customers.