Investors Buy Honeywell International Inc. (HON) on Weakness on Insider Selling

Traders bought shares of Honeywell International Inc. (NYSE:HON) on weakness during trading on Thursday after an insider sold shares in the company. $115.01 million flowed into the stock on the tick-up and $67.58 million flowed out of the stock on the tick-down, for a money net flow of $47.43 million into the stock. Of all equities tracked, Honeywell International had the 11th highest net in-flow for the day. Honeywell International traded down ($1.76) for the day and closed at $137.24Specifically, Director Linnet F. Deily sold 4,344 shares of the stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $138.47, for a total value of $601,513.68. Following the completion of the sale, the director now directly owns 9,753 shares in the company, valued at $1,350,497.91. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Bradley T. Sheares sold 3,430 shares of the stock in a transaction dated Friday, May 19th. The shares were sold at an average price of $131.71, for a total transaction of $451,765.30. Following the completion of the sale, the director now owns 8,731 shares of the company’s stock, valued at $1,149,960.01. The disclosure for this sale can be found here. Insiders sold 473,229 shares of company stock valued at $64,546,642 over the last quarter. Company insiders own 1.56% of the company’s stock.

A number of equities research analysts have recently commented on the stock. Cowen and Company reiterated an “outperform” rating and issued a $150.00 target price (up from $140.00) on shares of Honeywell International in a research report on Tuesday. BidaskClub upgraded shares of Honeywell International from a “hold” rating to a “buy” rating in a research report on Sunday. Credit Suisse Group reiterated a “neutral” rating and issued a $139.00 target price (up from $131.00) on shares of Honeywell International in a research report on Tuesday, July 25th. Jefferies Group LLC reiterated a “buy” rating and issued a $155.00 target price (up from $141.00) on shares of Honeywell International in a research report on Monday, July 24th. Finally, Oppenheimer Holdings, Inc. increased their target price on shares of Honeywell International from $148.00 to $155.00 and gave the company an “outperform” rating in a research report on Monday, July 24th. One equities research analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the company. Honeywell International has an average rating of “Buy” and a consensus price target of $139.17.

The firm’s 50 day moving average price is $135.77 and its 200 day moving average price is $129.22. The company has a market capitalization of $104.38 billion, a price-to-earnings ratio of 21.28 and a beta of 0.94.

Honeywell International (NYSE:HON) last posted its quarterly earnings data on Friday, July 21st. The conglomerate reported $1.80 EPS for the quarter, beating the Zacks’ consensus estimate of $1.78 by $0.02. Honeywell International had a net margin of 12.68% and a return on equity of 26.60%. The company had revenue of $10.08 billion during the quarter, compared to the consensus estimate of $9.89 billion. During the same quarter in the prior year, the company posted $1.70 EPS. The company’s quarterly revenue was up .9% compared to the same quarter last year. On average, equities analysts anticipate that Honeywell International Inc. will post $7.10 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 8th. Stockholders of record on Friday, August 18th will be paid a dividend of $0.665 per share. This represents a $2.66 dividend on an annualized basis and a dividend yield of 1.94%. The ex-dividend date of this dividend is Wednesday, August 16th. Honeywell International’s dividend payout ratio is currently 41.24%.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Crestwood Advisors Group LLC bought a new position in Honeywell International during the first quarter worth approximately $100,000. Peoples Financial Services CORP. increased its position in Honeywell International by 62.2% in the first quarter. Peoples Financial Services CORP. now owns 811 shares of the conglomerate’s stock worth $101,000 after buying an additional 311 shares in the last quarter. Hanson McClain Inc. increased its position in Honeywell International by 0.4% in the first quarter. Hanson McClain Inc. now owns 810 shares of the conglomerate’s stock worth $101,000 after buying an additional 3 shares in the last quarter. Burt Wealth Advisors increased its position in Honeywell International by 65.4% in the second quarter. Burt Wealth Advisors now owns 759 shares of the conglomerate’s stock worth $101,000 after buying an additional 300 shares in the last quarter. Finally, Guidant Wealth Advisors increased its position in Honeywell International by 15.8% in the second quarter. Guidant Wealth Advisors now owns 764 shares of the conglomerate’s stock worth $102,000 after buying an additional 104 shares in the last quarter. 76.43% of the stock is owned by institutional investors.

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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.

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