Investors sold shares of Honeywell (NYSE:HON) on strength during trading hours on Tuesday. $61.81 million flowed into the stock on the tick-up and $104.21 million flowed out of the stock on the tick-down, for a money net flow of $42.40 million out of the stock. Of all equities tracked, Honeywell had the 20th highest net out-flow for the day. Honeywell traded up $0.07 for the day and closed at $144.23
Several equities research analysts have recently commented on the stock. ValuEngine cut shares of Honeywell from a “buy” rating to a “hold” rating in a research report on Wednesday, May 2nd. Oppenheimer dropped their target price on shares of Honeywell from $180.00 to $172.00 and set an “outperform” rating for the company in a research report on Monday, April 30th. Zacks Investment Research raised shares of Honeywell from a “hold” rating to a “buy” rating and set a $169.00 target price for the company in a research report on Tuesday, April 24th. TheStreet raised shares of Honeywell from a “c+” rating to an “a-” rating in a research report on Friday, April 20th. Finally, Barclays lifted their price target on shares of Honeywell from $170.00 to $172.00 and gave the company an “overweight” rating in a research report on Monday, April 23rd. Three investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. Honeywell has a consensus rating of “Buy” and an average price target of $167.73.
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The company has a market capitalization of $107.48 billion, a P/E ratio of 20.29, a P/E/G ratio of 1.93 and a beta of 0.98. The company has a current ratio of 1.36, a quick ratio of 1.11 and a debt-to-equity ratio of 0.72.
Honeywell (NYSE:HON) last announced its quarterly earnings results on Friday, April 20th. The conglomerate reported $1.95 EPS for the quarter, topping analysts’ consensus estimates of $1.89 by $0.06. Honeywell had a net margin of 4.26% and a return on equity of 29.25%. The firm had revenue of $10.39 billion during the quarter, compared to analyst estimates of $10.03 billion. During the same period in the previous year, the business posted $1.71 earnings per share. The business’s revenue for the quarter was up 9.5% on a year-over-year basis. equities analysts expect that Honeywell will post 8.02 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, June 8th. Stockholders of record on Friday, May 18th will be paid a $0.745 dividend. The ex-dividend date of this dividend is Thursday, May 17th. This represents a $2.98 dividend on an annualized basis and a dividend yield of 2.07%. Honeywell’s dividend payout ratio is presently 41.91%.
In other news, Director Jaime Chico /Fa Pardo sold 2,868 shares of Honeywell stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $156.36, for a total value of $448,440.48. Following the completion of the sale, the director now directly owns 41,092 shares in the company, valued at $6,425,145.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Linnet F. Deily sold 2,886 shares of the business’s stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $147.71, for a total transaction of $426,291.06. Following the sale, the director now owns 9,105 shares of the company’s stock, valued at $1,344,899.55. The disclosure for this sale can be found here. Insiders own 1.33% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in HON. BlackRock Inc. grew its position in Honeywell by 5.8% during the fourth quarter. BlackRock Inc. now owns 47,575,018 shares of the conglomerate’s stock valued at $7,296,103,000 after buying an additional 2,627,000 shares during the period. APG Asset Management N.V. grew its position in Honeywell by 69.6% during the fourth quarter. APG Asset Management N.V. now owns 3,347,506 shares of the conglomerate’s stock valued at $427,526,000 after buying an additional 1,373,600 shares during the period. Stifel Financial Corp grew its position in Honeywell by 3,381.1% during the third quarter. Stifel Financial Corp now owns 924,574 shares of the conglomerate’s stock valued at $131,031,000 after buying an additional 898,014 shares during the period. Amundi Pioneer Asset Management Inc. grew its position in Honeywell by 110.2% during the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 1,530,951 shares of the conglomerate’s stock valued at $234,785,000 after buying an additional 802,574 shares during the period. Finally, Investec Asset Management LTD grew its position in Honeywell by 34.8% during the fourth quarter. Investec Asset Management LTD now owns 2,508,433 shares of the conglomerate’s stock valued at $384,693,000 after buying an additional 647,473 shares during the period. Institutional investors own 75.66% of the company’s stock.
Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. It operates through four segments: Aerospace; Home and Building Technologies; Performance Materials and Technologies; and Safety and Productivity Solutions. The Aerospace segment supplies products, software, and services for aircraft and vehicles that it sells to original equipment manufacturers and other customers in various markets, including air transport, regional, business and general aviation aircraft, airlines, aircraft operators, defense and space contractors, and automotive and truck manufacturers.