Insider Selling: Honeywell International Inc. (NASDAQ:HON) VP Sells 28,885 Shares of Stock

Honeywell International Inc. (NASDAQ:HON - Get Free Report) VP Anne T. Madden sold 28,885 shares of the stock in a transaction on Monday, February 10th. The stock was sold at an average price of $207.89, for a total value of $6,004,902.65. Following the completion of the sale, the vice president now owns 41,580 shares in the company, valued at approximately $8,644,066.20. The trade was a 40.99 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Honeywell International Stock Down 1.2 %

Shares of HON traded down $2.52 during midday trading on Friday, hitting $202.75. 5,348,878 shares of the company's stock traded hands, compared to its average volume of 3,948,731. Honeywell International Inc. has a 1 year low of $189.75 and a 1 year high of $242.77. The firm's fifty day moving average is $222.30 and its 200-day moving average is $215.05. The company has a current ratio of 1.31, a quick ratio of 1.12 and a debt-to-equity ratio of 1.33. The stock has a market capitalization of $131.84 billion, a price-to-earnings ratio of 23.28, a price-to-earnings-growth ratio of 2.55 and a beta of 1.05.

Honeywell International (NASDAQ:HON - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The conglomerate reported $2.47 earnings per share for the quarter, topping the consensus estimate of $2.37 by $0.10. Honeywell International had a return on equity of 35.78% and a net margin of 14.82%. As a group, sell-side analysts anticipate that Honeywell International Inc. will post 10.3 earnings per share for the current year.

Honeywell International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be given a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a yield of 2.23%. Honeywell International's dividend payout ratio is presently 51.89%.

Institutional Trading of Honeywell International

Large investors have recently bought and sold shares of the stock. Baldwin Wealth Partners LLC MA raised its stake in shares of Honeywell International by 4.0% in the fourth quarter. Baldwin Wealth Partners LLC MA now owns 67,303 shares of the conglomerate's stock worth $15,203,000 after purchasing an additional 2,611 shares during the last quarter. Costello Asset Management INC acquired a new stake in Honeywell International during the 4th quarter valued at approximately $3,092,000. RIA Advisory Group LLC acquired a new stake in Honeywell International during the 3rd quarter valued at approximately $6,124,000. Copley Financial Group Inc. purchased a new stake in Honeywell International in the third quarter valued at $454,000. Finally, Sargent Investment Group LLC boosted its holdings in Honeywell International by 268.6% in the fourth quarter. Sargent Investment Group LLC now owns 5,602 shares of the conglomerate's stock valued at $1,227,000 after purchasing an additional 4,082 shares during the last quarter. Hedge funds and other institutional investors own 75.91% of the company's stock.

Analysts Set New Price Targets

HON has been the subject of a number of research analyst reports. Royal Bank of Canada decreased their price objective on shares of Honeywell International from $253.00 to $236.00 and set a "sector perform" rating for the company in a report on Friday, February 7th. StockNews.com lowered Honeywell International from a "buy" rating to a "hold" rating in a report on Monday, December 23rd. Wells Fargo & Company lowered their price target on Honeywell International from $240.00 to $220.00 and set an "equal weight" rating for the company in a report on Friday, February 7th. Barclays lowered their price target on Honeywell International from $260.00 to $251.00 and set an "overweight" rating for the company in a report on Monday, February 10th. Finally, Deutsche Bank Aktiengesellschaft upgraded Honeywell International from a "hold" rating to a "buy" rating and raised their price target for the company from $236.00 to $260.00 in a research note on Friday, February 7th. Ten equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $248.71.

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.