Traders Purchase Large Volume of Put Options on Honeywell International (NASDAQ:HON)

Honeywell International Inc. (NASDAQ:HON) saw some unusual options trading activity on Thursday. Stock traders acquired 36,547 put options on the stock. This represents an increase of approximately 576% compared to the average daily volume of 5,409 put options.

Analyst Upgrades and Downgrades

HON has been the topic of a number of research analyst reports. Barclays dropped their price objective on shares of Honeywell International from $232.00 to $229.00 and set an “overweight” rating on the stock in a report on Friday. Robert W. Baird lowered Honeywell International from an “outperform” rating to a “neutral” rating and cut their price target for the company from $223.00 to $217.00 in a report on Friday. JPMorgan Chase & Co. decreased their price objective on Honeywell International from $235.00 to $233.00 and set a “neutral” rating for the company in a report on Friday. Wells Fargo & Company boosted their target price on Honeywell International from $207.00 to $215.00 and gave the company an “equal weight” rating in a research note on Friday. Finally, StockNews.com cut shares of Honeywell International from a “buy” rating to a “hold” rating in a research note on Friday, August 30th. Nine analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $223.73.

Institutional Investors Weigh In On Honeywell International

A number of large investors have recently added to or reduced their stakes in HON. Capital Wealth Planning LLC bought a new position in shares of Honeywell International during the second quarter worth approximately $392,478,000. Price T Rowe Associates Inc. MD increased its position in Honeywell International by 22.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,587,718 shares of the conglomerate’s stock worth $1,967,880,000 after buying an additional 1,746,759 shares during the period. International Assets Investment Management LLC lifted its holdings in shares of Honeywell International by 24,683.3% during the third quarter. International Assets Investment Management LLC now owns 948,704 shares of the conglomerate’s stock worth $1,961,070,000 after buying an additional 944,876 shares in the last quarter. Natixis boosted its position in shares of Honeywell International by 184.8% in the first quarter. Natixis now owns 838,716 shares of the conglomerate’s stock valued at $172,146,000 after acquiring an additional 544,175 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in shares of Honeywell International by 12.4% in the second quarter. Dimensional Fund Advisors LP now owns 2,950,562 shares of the conglomerate’s stock valued at $630,086,000 after acquiring an additional 325,272 shares in the last quarter. Institutional investors own 75.91% of the company’s stock.

Honeywell International Stock Performance

NASDAQ HON opened at $208.00 on Friday. The firm has a market capitalization of $135.45 billion, a P/E ratio of 24.10, a price-to-earnings-growth ratio of 2.45 and a beta of 1.03. The company has a current ratio of 1.21, a quick ratio of 0.91 and a debt-to-equity ratio of 1.19. The firm’s fifty day moving average price is $207.20 and its two-hundred day moving average price is $205.32. Honeywell International has a 1 year low of $174.88 and a 1 year high of $222.98.

Honeywell International (NASDAQ:HON) last issued its earnings results on Thursday, October 24th. The conglomerate reported $2.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.50 by $0.08. Honeywell International had a net margin of 15.49% and a return on equity of 36.87%. The company had revenue of $9.73 billion for the quarter, compared to analysts’ expectations of $9.90 billion. As a group, research analysts anticipate that Honeywell International will post 10.1 EPS for the current year.

Honeywell International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be issued a dividend of $1.13 per share. The ex-dividend date is Friday, November 15th. This is a positive change from Honeywell International’s previous quarterly dividend of $1.08. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.17%. Honeywell International’s payout ratio is presently 52.38%.

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.