Honeywell International Sees Unusually High Options Volume (NYSE:HON)
Honeywell International Inc. (NYSE:HON) saw some unusual options trading activity on Monday. Stock traders bought 4,975 put options on the company. This represents an increase of approximately 394% compared to the typical volume of 1,008 put options.
A number of equities research analysts have recently weighed in on the stock. Argus raised their price objective on shares of Honeywell International from $152.00 to $160.00 and gave the company a “buy” rating in a report on Thursday. Robert W. Baird restated a “buy” rating and issued a $156.00 price objective (up from $140.00) on shares of Honeywell International in a report on Wednesday. Cowen and Company restated a “buy” rating and issued a $150.00 price objective on shares of Honeywell International in a report on Tuesday. Citigroup Inc. raised their price objective on shares of Honeywell International from $155.00 to $170.00 and gave the company a “buy” rating in a report on Monday, October 9th. Finally, Jefferies Group LLC restated a “buy” rating and issued a $155.00 price objective on shares of Honeywell International in a report on Thursday, September 28th. One equities research analyst has rated the stock with a hold rating and sixteen have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $149.52.
Shares of Honeywell International (HON) traded up 0.13% during mid-day trading on Friday, hitting $143.37. 2,157,642 shares of the stock traded hands. Honeywell International has a 12-month low of $107.41 and a 12-month high of $145.30. The firm’s 50 day moving average price is $139.86 and its 200-day moving average price is $134.36. The stock has a market cap of $109.04 billion, a P/E ratio of 22.23 and a beta of 0.95.
Honeywell International (NYSE:HON) last issued its quarterly earnings data on Friday, July 21st. The conglomerate reported $1.80 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.78 by $0.02. Honeywell International had a return on equity of 26.60% and a net margin of 12.68%. The business had revenue of $10.08 billion during the quarter, compared to analyst estimates of $9.89 billion. During the same period in the previous year, the firm earned $1.70 EPS. Honeywell International’s quarterly revenue was up .9% compared to the same quarter last year. Analysts predict that Honeywell International will post $7.09 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Friday, November 17th will be paid a dividend of $0.745 per share. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $2.98 dividend on an annualized basis and a dividend yield of 2.08%. This is a boost from Honeywell International’s previous quarterly dividend of $0.67. Honeywell International’s dividend payout ratio is currently 41.24%.
In related news, Director Linnet F. Deily sold 4,344 shares of the stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $138.47, for a total transaction of $601,513.68. Following the completion of the transaction, the director now owns 9,753 shares of the company’s stock, valued at approximately $1,350,497.91. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Timothy O. Mahoney sold 341,701 shares of the stock in a transaction that occurred on Wednesday, August 2nd. The stock was sold at an average price of $138.08, for a total transaction of $47,182,074.08. Following the transaction, the insider now directly owns 294,155 shares of the company’s stock, valued at approximately $40,616,922.40. The disclosure for this sale can be found here. In the last quarter, insiders sold 354,108 shares of company stock valued at $48,886,463. 1.56% of the stock is owned by insiders.
Several institutional investors have recently made changes to their positions in HON. Janus Henderson Group PLC raised its stake in shares of Honeywell International by 4,986.7% during the 2nd quarter. Janus Henderson Group PLC now owns 4,395,092 shares of the conglomerate’s stock worth $585,822,000 after purchasing an additional 4,308,688 shares in the last quarter. Ameriprise Financial Inc. raised its stake in Honeywell International by 38.9% in the 2nd quarter. Ameriprise Financial Inc. now owns 13,323,259 shares of the conglomerate’s stock valued at $1,776,394,000 after acquiring an additional 3,728,533 shares during the period. Clearbridge Investments LLC raised its stake in Honeywell International by 69.2% in the 1st quarter. Clearbridge Investments LLC now owns 5,171,598 shares of the conglomerate’s stock valued at $645,777,000 after acquiring an additional 2,114,627 shares during the period. Harbour Capital Advisors LLC raised its stake in Honeywell International by 13,551.7% in the 2nd quarter. Harbour Capital Advisors LLC now owns 1,804,613 shares of the conglomerate’s stock valued at $13,539,000 after acquiring an additional 1,791,394 shares during the period. Finally, Vanguard Group Inc. raised its stake in Honeywell International by 2.5% in the 2nd quarter. Vanguard Group Inc. now owns 49,713,013 shares of the conglomerate’s stock valued at $6,626,247,000 after acquiring an additional 1,234,672 shares during the period. Institutional investors own 75.77% of the company’s stock.
WARNING: This piece was first reported by Marea Informative and is owned by of Marea Informative. If you are reading this piece on another domain, it was illegally copied and reposted in violation of United States and international copyright and trademark legislation. The correct version of this piece can be accessed at http://www.mareainformativa.com/investors-purchase-high-volume-of-honeywell-international-put-options-hon/116994/.
Honeywell International Company Profile
Honeywell International Inc is a technology and manufacturing company. The Company operates through four segments: Aerospace, Home and Building Technologies, Performance Materials and Technologies, and Safety and Productivity Solutions. The Company’s Aerospace segment supplies products, software and services for aircraft and vehicles that it sells to original equipment manufacturers (OEMs) and other customers.
Receive News & Stock Ratings for Honeywell International Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Honeywell International Inc. and related stocks with our FREE daily email newsletter.