D Scott Davis Sells 2,367 Shares of Honeywell International (NASDAQ:HON) Stock

Key Points

  • Director D. Scott Davis sold 2,367 shares of Honeywell on Feb. 19 at an average price of $240, cutting his stake by 7.08% to 31,081 shares; the transaction was disclosed in an SEC Form 4 filing.
  • Honeywell beat quarterly expectations on Jan. 29 with EPS of $2.59 versus $2.54 expected and revenue of $10.07 billion (up 6.4% YoY), and analysts project roughly $10.34 in EPS for the current fiscal year.
  • Dividend announced: a $1.19 quarterly payout ($4.76 annualized), with an ex-dividend date of Feb. 27 and payment on Mar. 13, implying a ~2.0% yield and a payout ratio near 59.6%.

Honeywell International Inc. (NASDAQ:HON - Get Free Report) Director D Scott Davis sold 2,367 shares of the company's stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of $240.00, for a total value of $568,080.00. Following the sale, the director directly owned 31,081 shares in the company, valued at $7,459,440. This trade represents a 7.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Honeywell International Trading Up 1.3%

HON stock opened at $243.97 on Friday. The firm has a fifty day moving average price of $216.67 and a 200 day moving average price of $210.06. Honeywell International Inc. has a fifty-two week low of $169.21 and a fifty-two week high of $245.63. The firm has a market cap of $155.09 billion, a PE ratio of 30.53, a price-to-earnings-growth ratio of 3.49 and a beta of 0.94. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.05 and a current ratio of 1.30.




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 (EPS) for the quarter, beating analysts' consensus estimates of $2.54 by $0.05. Honeywell International had a net margin of 12.74% and a return on equity of 40.64%. The company had revenue of $10.07 billion for the quarter, compared to the consensus estimate of $9.60 billion. During the same quarter in the prior year, the firm earned $2.47 earnings per share. Honeywell International's revenue was up 6.4% on a year-over-year basis. Sell-side analysts anticipate that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 27th will be given a dividend of $1.19 per share. This represents a $4.76 annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Friday, February 27th. Honeywell International's dividend payout ratio is currently 59.57%.

More Honeywell International News

Here are the key news stories impacting Honeywell International this week:

Hedge Funds Weigh In On Honeywell International

A number of large investors have recently bought and sold shares of the business. Lockheed Martin Investment Management Co. purchased a new stake in shares of Honeywell International during the third quarter worth about $4,147,000. First National Trust Co raised its position in shares of Honeywell International by 9.4% in the 3rd quarter. First National Trust Co now owns 79,086 shares of the conglomerate's stock valued at $16,648,000 after purchasing an additional 6,803 shares during the last quarter. Managed Asset Portfolios LLC boosted its stake in Honeywell International by 2.3% in the 2nd 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. boosted its stake in Honeywell International by 72.5% in the 3rd 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 in the last quarter. Finally, Global Retirement Partners LLC purchased a new stake in Honeywell International during the 2nd quarter worth approximately $1,943,000. Institutional investors own 75.91% of the company's stock.

Wall Street Analysts Forecast Growth

HON has been the topic of a number of recent research reports. Weiss Ratings restated a "hold (c+)" rating on shares of Honeywell International in a research report on Monday, December 29th. Robert W. Baird boosted their target price on Honeywell International from $220.00 to $240.00 and gave the company a "neutral" rating in a research report on Friday, January 30th. Mizuho lowered their price target on Honeywell International from $250.00 to $240.00 and set an "outperform" rating for the company in a research report on Monday, January 5th. Wall Street Zen raised shares of Honeywell International to a "hold" rating in a research note on Saturday, January 3rd. Finally, Bank of America reiterated an "underperform" rating and set a $205.00 price objective (down previously from $265.00) on shares of Honeywell International in a research report on Tuesday, November 18th. Eleven analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $246.32.

View Our Latest Analysis on HON

About Honeywell International

(Get Free Report)

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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