Honeywell International Inc. (NASDAQ:HON) CFO Gregory P. Lewis Sells 25,209 Shares of Stock

Honeywell International Inc. (NASDAQ:HON) CFO Gregory P. Lewis sold 25,209 shares of Honeywell International stock in a transaction on Monday, April 29th. The shares were sold at an average price of $193.06, for a total transaction of $4,866,849.54. Following the completion of the sale, the chief financial officer now directly owns 55,471 shares of the company’s stock, valued at approximately $10,709,231.26. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Honeywell International Trading Up 1.3 %

NASDAQ HON opened at $195.30 on Thursday. The stock has a market capitalization of $127.18 billion, a price-to-earnings ratio of 22.63, a PEG ratio of 2.23 and a beta of 1.02. Honeywell International Inc. has a one year low of $174.88 and a one year high of $210.87. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.66 and a quick ratio of 1.28. The business’s fifty day moving average is $197.90 and its 200-day moving average is $196.53.

Honeywell International (NASDAQ:HON) last released its earnings results on Thursday, April 25th. The conglomerate reported $2.25 EPS for the quarter, topping analysts’ consensus estimates of $2.17 by $0.08. The company had revenue of $9.11 billion for the quarter, compared to analysts’ expectations of $9.03 billion. Honeywell International had a return on equity of 35.88% and a net margin of 15.52%. The business’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same period in the previous year, the business posted $2.07 EPS. Equities research analysts predict that Honeywell International Inc. will post 9.95 EPS for the current year.

Honeywell International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 7th. Stockholders of record on Friday, May 17th will be paid a dividend of $1.08 per share. This represents a $4.32 dividend on an annualized basis and a dividend yield of 2.21%. The ex-dividend date of this dividend is Thursday, May 16th. Honeywell International’s payout ratio is 50.06%.

Institutional Investors Weigh In On Honeywell International

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Scarborough Advisors LLC bought a new stake in Honeywell International in the 4th quarter valued at about $27,000. Altshuler Shaham Ltd bought a new stake in Honeywell International in the 4th quarter valued at about $27,000. Rakuten Securities Inc. bought a new stake in Honeywell International in the 4th quarter valued at about $31,000. Cordant Inc. bought a new stake in Honeywell International in the 4th quarter valued at about $31,000. Finally, Richardson Capital Management LLC bought a new stake in Honeywell International in the 1st quarter valued at about $35,000. 75.91% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on HON shares. StockNews.com downgraded shares of Honeywell International from a “buy” rating to a “hold” rating in a research report on Thursday. Berenberg Bank raised shares of Honeywell International from a “hold” rating to a “buy” rating and lifted their price target for the company from $195.00 to $240.00 in a research report on Wednesday, March 6th. Royal Bank of Canada reduced their price target on shares of Honeywell International from $210.00 to $209.00 and set a “sector perform” rating for the company in a research report on Friday, February 2nd. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $215.00 price target (down previously from $227.00) on shares of Honeywell International in a research report on Tuesday, April 16th. Finally, Barclays lifted their price objective on shares of Honeywell International from $230.00 to $232.00 and gave the stock an “overweight” rating in a report on Tuesday, April 2nd. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, Honeywell International currently has an average rating of “Hold” and a consensus target price of $215.71.

Honeywell International Company Profile

Honeywell International Inc engages in the aerospace technologies, building automation, energy and sustainable solutions, and industrial automation businesses in the United States, Europe, and internationally. The company's Aerospace segment offers auxiliary power units, propulsion engines, integrated avionics, environmental control and electric power systems, engine controls, flight safety, communications, navigation hardware, data and software applications, radar and surveillance systems, aircraft lighting, advanced systems and instruments, satellite and space components, and aircraft wheels and brakes; spare parts; repair, overhaul, and maintenance services; and thermal systems, as well as wireless connectivity services.