Honeywell International Target of Unusually Large Options Trading (NASDAQ:HON)

Honeywell International Inc. (NASDAQ:HON) was the recipient of some unusual options trading on Thursday. Investors purchased 23,538 call options on the stock. This represents an increase of approximately 101% compared to the typical daily volume of 11,682 call options.

Institutional Trading of Honeywell International

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Czech National Bank raised its holdings in shares of Honeywell International by 6.9% in the 3rd quarter. Czech National Bank now owns 132,653 shares of the conglomerate’s stock worth $27,421,000 after buying an additional 8,563 shares in the last quarter. Aprio Wealth Management LLC bought a new position in shares of Honeywell International during the third quarter valued at $227,000. Axiom Advisory LLC acquired a new stake in shares of Honeywell International in the 3rd quarter valued at $233,000. Dynamic Advisor Solutions LLC grew its holdings in shares of Honeywell International by 0.4% in the 3rd quarter. Dynamic Advisor Solutions LLC now owns 26,709 shares of the conglomerate’s stock worth $5,521,000 after purchasing an additional 95 shares during the last quarter. Finally, Reliant Investment Management LLC lifted its holdings in Honeywell International by 29.2% during the 3rd quarter. Reliant Investment Management LLC now owns 1,327 shares of the conglomerate’s stock valued at $274,000 after purchasing an additional 300 shares during the last quarter. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently issued reports on HON. Jefferies Financial Group raised their price target on shares of Honeywell International from $220.00 to $260.00 and gave the stock a “hold” rating in a research report on Tuesday, December 17th. JPMorgan Chase & Co. decreased their target price on Honeywell International from $233.00 to $231.00 and set a “neutral” rating for the company in a research note on Wednesday, January 15th. HSBC upgraded Honeywell International from a “hold” rating to a “buy” rating and set a $290.00 price target on the stock in a research report on Wednesday, December 11th. Royal Bank of Canada restated a “sector perform” rating and set a $253.00 price objective on shares of Honeywell International in a research note on Tuesday, December 3rd. Finally, Baird R W cut Honeywell International from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 25th. Eleven equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Honeywell International currently has a consensus rating of “Hold” and a consensus target price of $248.29.

Honeywell International Price Performance

NASDAQ:HON traded down $11.90 during trading hours on Thursday, reaching $210.45. 6,099,293 shares of the company’s stock were exchanged, compared to its average volume of 3,631,814. The business’s 50-day simple moving average is $225.46 and its two-hundred day simple moving average is $215.23. The company has a market capitalization of $136.85 billion, a P/E ratio of 24.21, a price-to-earnings-growth ratio of 2.57 and a beta of 1.05. Honeywell International has a 12 month low of $189.75 and a 12 month high of $242.77. The company has a quick ratio of 1.12, a current ratio of 1.44 and a debt-to-equity ratio of 1.44.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings data on Thursday, February 6th. The conglomerate reported $2.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.37 by $0.10. Honeywell International had a return on equity of 37.77% and a net margin of 15.02%. Sell-side analysts expect that Honeywell International will post 9.78 EPS for the current fiscal year.

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.