Insider Selling: Honeywell International Inc. (NASDAQ:HON) CFO Sells $4,866,849.54 in Stock

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

Honeywell International Stock Performance

Shares of HON opened at $195.81 on Friday. The stock has a 50-day moving average of $197.76 and a two-hundred day moving average of $196.51. 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 quick ratio of 1.28 and a current ratio of 1.66. The stock has a market cap of $127.51 billion, a P/E ratio of 22.69, a P/E/G ratio of 2.25 and a beta of 1.02.

Honeywell International (NASDAQ:HON) last issued its quarterly 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. Honeywell International had a return on equity of 35.88% and a net margin of 15.52%. The company had revenue of $9.11 billion during the quarter, compared to analysts’ expectations of $9.03 billion. During the same quarter in the previous year, the firm posted $2.07 EPS. The firm’s revenue was up 2.7% compared to the same quarter last year. As a group, research analysts predict that Honeywell International Inc. will post 9.94 EPS for the current year.

Honeywell International Dividend Announcement

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

Analysts Set New Price Targets

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

Hedge Funds Weigh In On Honeywell International

Institutional investors have recently modified their holdings of the stock. Altshuler Shaham Ltd purchased a new position in shares of Honeywell International during the 4th quarter valued at about $27,000. Scarborough Advisors LLC purchased a new position in shares of Honeywell International during the 4th quarter valued at about $27,000. Cordant Inc. purchased a new position in shares of Honeywell International during the 4th quarter valued at about $31,000. Rakuten Securities Inc. purchased a new position in shares of Honeywell International during the 4th quarter valued at about $31,000. Finally, Richardson Capital Management LLC purchased a new position in shares of Honeywell International during the 1st quarter valued at about $35,000. Hedge funds and other institutional investors own 75.91% of the company’s stock.

About Honeywell International

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.