Key Points
- VP Robert Mailloux sold 5,274 shares on Feb. 6 at an average of $239 each for about $1.26M, cutting his position by 52.34% to 4,803 shares; the transaction was disclosed in an SEC filing.
- Honeywell beat quarterly estimates with EPS of $2.59 and revenue of $10.07B (up 6.4% year-over-year), and analysts hold a consensus "Moderate Buy" rating with a $244.50 target.
Honeywell International Inc. (NASDAQ:HON - Get Free Report) VP Robert Mailloux sold 5,274 shares of the business's stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $239.00, for a total transaction of $1,260,486.00. Following the completion of the transaction, the vice president owned 4,803 shares in the company, valued at $1,147,917. This trade represents a 52.34% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.
Honeywell International Trading Up 0.6%
NASDAQ:HON opened at $239.84 on Tuesday. The company has a market cap of $152.27 billion, a PE ratio of 30.02, a PEG ratio of 3.46 and a beta of 0.94. Honeywell International Inc. has a one year low of $169.21 and a one year high of $240.95. The firm has a 50-day moving average of $207.76 and a 200-day moving average of $208.63. The company has a debt-to-equity ratio of 1.76, a current ratio of 1.32 and a quick ratio of 1.05.
Honeywell International (NASDAQ:HON - Get Free Report) last released its quarterly earnings results on Thursday, January 29th. The conglomerate reported $2.59 earnings per share for the quarter, topping the consensus estimate of $2.54 by $0.05. Honeywell International had a net margin of 12.74% and a return on equity of 40.40%. The business had revenue of $10.07 billion for the quarter, compared to analysts' expectations of $9.60 billion. During the same period in the previous year, the company earned $2.47 earnings per share. The firm's revenue for the quarter was up 6.4% compared to the same quarter last year. As a group, equities research analysts expect that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.
Institutional Investors Weigh In On Honeywell International
Several large investors have recently modified their holdings of the business. Lockheed Martin Investment Management Co. acquired a new position in Honeywell International during the third quarter worth about $4,147,000. Triton Financial Group Inc acquired a new position in Honeywell International during the 2nd quarter worth $1,001,000. Managed Asset Portfolios LLC grew its stake in shares of Honeywell International by 2.3% during the second quarter. Managed Asset Portfolios LLC now owns 95,833 shares of the conglomerate's stock worth $22,317,000 after purchasing an additional 2,154 shares in the last quarter. Federated Hermes Inc. lifted its stake in Honeywell International by 72.5% during the third quarter. Federated Hermes Inc. now owns 9,663 shares of the conglomerate's stock worth $2,034,000 after purchasing an additional 4,061 shares during the last quarter. Finally, Global Retirement Partners LLC purchased a new stake in shares of Honeywell International in the 2nd quarter valued at about $1,943,000. Institutional investors own 75.91% of the company's stock.
Analysts Set New Price Targets
Several analysts recently issued reports on the company. Robert W. Baird raised their target price on Honeywell International from $220.00 to $240.00 and gave the stock a "neutral" rating in a research note on Friday, January 30th. Evercore lifted their price target on shares of Honeywell International from $255.00 to $265.00 and gave the stock an "outperform" rating in a research note on Friday, January 30th. TD Cowen lowered their price objective on shares of Honeywell International from $250.00 to $240.00 and set a "buy" rating on the stock in a research note on Monday, November 10th. Daiwa Securities Group boosted their price target on Honeywell International from $230.00 to $240.00 in a report on Tuesday, February 3rd. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on shares of Honeywell International from $259.00 to $273.00 and gave the company a "buy" rating in a research note on Friday, January 30th. Eleven equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $244.50.
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Honeywell International Company Profile
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Honeywell International Inc is a diversified, publicly traded multinational conglomerate (NASDAQ: HON) that designs and manufactures a wide range of commercial and consumer products, engineering services and aerospace systems. The company operates through major business platforms that historically include Aerospace; Building Technologies; Performance Materials and Technologies; and Safety and Productivity Solutions. Its portfolio spans avionics and propulsion systems, building controls and HVAC equipment, process technologies and advanced materials, industrial automation software, and personal protective equipment and scanning solutions.
Honeywell's aerospace business supplies aircraft manufacturers and operators with engines and auxiliary power units, avionics, flight safety systems and aftermarket services.
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