Timothy O. Mahoney Sells 114,489 Shares of Honeywell (HON) Stock

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Honeywell (NYSE:HON) insider Timothy O. Mahoney sold 114,489 shares of the company’s stock in a transaction 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 completion of the sale, the insider now directly owns 314,725 shares in the company, valued at $47,271,695. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of Honeywell traded up $0.31, hitting $144.28, during mid-day trading on Friday, according to Marketbeat Ratings. 125,819 shares of the company were exchanged, compared to its average volume of 2,233,938. Honeywell has a 1-year low of $131.42 and a 1-year 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. The company has a market cap of $109.46 billion, a PE ratio of 20.30, a price-to-earnings-growth ratio of 1.96 and a beta of 0.97.

Honeywell (NYSE:HON) last released its quarterly earnings results on Friday, April 20th. The conglomerate reported $1.95 earnings per share for the quarter, topping the consensus estimate of $1.89 by $0.06. Honeywell had a net margin of 4.26% and a return on equity of 29.25%. The firm had revenue of $10.39 billion during the quarter, compared to the consensus estimate of $10.03 billion. During the same quarter in the prior year, the firm earned $1.71 EPS. The company’s revenue for the quarter was up 9.5% on a year-over-year basis. sell-side analysts expect that Honeywell will post 8.02 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, June 8th. Investors of record on Friday, May 18th were given a dividend of $0.745 per share. The ex-dividend date of this dividend was Thursday, May 17th. This represents a $2.98 annualized dividend and a dividend yield of 2.07%. Honeywell’s dividend payout ratio (DPR) is presently 41.91%.

Several equities research analysts have recently issued reports on the stock. Zacks Investment Research raised shares of Honeywell from a “hold” rating to a “buy” rating and set a $169.00 target price on the stock in a research note on Monday, May 28th. ValuEngine lowered shares of Honeywell from a “buy” rating to a “hold” rating in a research note on Wednesday, May 2nd. Oppenheimer lowered their target price on shares of Honeywell from $180.00 to $172.00 and set an “outperform” rating on the stock in a research note on Monday, April 30th. TheStreet raised shares of Honeywell from a “c+” rating to an “a-” rating in a research note on Friday, April 20th. Finally, Barclays increased their target price on shares of Honeywell from $170.00 to $172.00 and gave the stock an “overweight” rating in a research note on Monday, April 23rd. Three investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $169.21.

A number of hedge funds have recently added to or reduced their stakes in the business. Webster Bank N. A. raised its holdings in Honeywell by 3.5% in the 4th quarter. Webster Bank N. A. now owns 9,175 shares of the conglomerate’s stock valued at $1,407,000 after acquiring an additional 314 shares during the last quarter. IFC Holdings Incorporated FL increased its holdings in shares of Honeywell by 15.4% during the 4th quarter. IFC Holdings Incorporated FL now owns 2,367 shares of the conglomerate’s stock worth $365,000 after buying an additional 316 shares during the last quarter. Congress Asset Management Co. MA increased its holdings in shares of Honeywell by 19.0% during the 4th quarter. Congress Asset Management Co. MA now owns 2,040 shares of the conglomerate’s stock worth $313,000 after buying an additional 325 shares during the last quarter. SVA Plumb Wealth Management LLC increased its holdings in shares of Honeywell by 1.0% during the 4th quarter. SVA Plumb Wealth Management LLC now owns 33,844 shares of the conglomerate’s stock worth $5,190,000 after buying an additional 342 shares during the last quarter. Finally, North Star Investment Management Corp. increased its holdings in shares of Honeywell by 5.3% during the 4th quarter. North Star Investment Management Corp. now owns 6,894 shares of the conglomerate’s stock worth $1,057,000 after buying an additional 348 shares during the last quarter. Institutional investors own 74.24% of the company’s stock.

About Honeywell

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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