Honeywell (HON) Insider Sells $17,196,247.80 in Stock

Honeywell (NYSE:HON) insider Timothy O. Mahoney sold 114,489 shares of the business’s stock in a transaction that occurred on Friday, May 25th. The shares were sold at an average price of $150.20, for a total transaction of $17,196,247.80. Following the transaction, the insider now owns 314,725 shares of the company’s stock, valued at approximately $47,271,695. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of Honeywell stock traded down $0.63 on Thursday, hitting $151.20. The company had a trading volume of 2,532,100 shares, compared to its average volume of 2,992,938. The stock has a market capitalization of $113.44 billion, a PE ratio of 21.27, a price-to-earnings-growth ratio of 2.04 and a beta of 0.97. Honeywell has a twelve month low of $131.42 and a twelve month high of $165.13. The company has a quick ratio of 1.11, a current ratio of 1.36 and a debt-to-equity ratio of 0.72.

Honeywell (NYSE:HON) last announced its quarterly earnings data on Friday, April 20th. The conglomerate reported $1.95 EPS for the quarter, topping the Zacks’ consensus estimate of $1.89 by $0.06. The business had revenue of $10.39 billion for the quarter, compared to analyst estimates of $10.03 billion. Honeywell had a net margin of 4.26% and a return on equity of 29.25%. The firm’s revenue for the quarter was up 9.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.71 earnings per share. equities analysts anticipate that Honeywell will post 8.02 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, June 8th. Shareholders of record on Friday, May 18th were given a dividend of $0.745 per share. This represents a $2.98 annualized dividend and a yield of 1.97%. The ex-dividend date of this dividend was Thursday, May 17th. Honeywell’s dividend payout ratio (DPR) is currently 41.91%.

A number of hedge funds and other institutional investors have recently bought and sold shares of HON. Welch Group LLC bought a new stake in Honeywell during the fourth quarter worth $100,000. Wagner Wealth Management LLC bought a new stake in Honeywell during the fourth quarter worth $101,000. Well Done LLC bought a new stake in Honeywell during the first quarter worth $103,000. Taylor Hoffman Wealth Management bought a new stake in Honeywell during the fourth quarter worth $113,000. Finally, Bruderman Asset Management LLC bought a new stake in Honeywell during the first quarter worth $114,000. 74.34% of the stock is currently owned by hedge funds and other institutional investors.

HON has been the subject of a number of analyst reports. Zacks Investment Research cut shares of Honeywell from a “buy” rating to a “hold” rating in a report on Tuesday, March 20th. Barclays boosted their price objective on shares of Honeywell from $170.00 to $172.00 and gave the company an “overweight” rating in a report on Monday, April 23rd. Oppenheimer decreased their price objective on shares of Honeywell from $180.00 to $172.00 and set an “outperform” rating for the company in a report on Monday, April 30th. ValuEngine cut shares of Honeywell from a “buy” rating to a “hold” rating in a report on Wednesday, May 2nd. Finally, TheStreet upgraded shares of Honeywell from a “c+” rating to an “a-” rating in a report on Friday, April 20th. Three investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. Honeywell currently has an average rating of “Buy” and a consensus target price of $167.73.

Honeywell Company Profile

Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. It operates through four segments: Aerospace; Home and Building Technologies; Performance Materials and Technologies; and Safety and Productivity Solutions. The Aerospace segment supplies products, software, and services for aircraft and vehicles that it sells to original equipment manufacturers and other customers in various markets, including air transport, regional, business and general aviation aircraft, airlines, aircraft operators, defense and space contractors, and automotive and truck manufacturers.

Insider Buying and Selling by Quarter for Honeywell (NYSE:HON)

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