Insider Selling: Honeywell International Inc. (NASDAQ:HON) VP Sells 28,885 Shares of Stock

Honeywell International Inc. (NASDAQ:HON) VP Anne T. Madden sold 28,885 shares of the company’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $207.89, for a total value of $6,004,902.65. Following the completion of the sale, the vice president now directly owns 41,580 shares of the company’s stock, valued at $8,644,066.20. The trade was a 40.99 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Honeywell International Price Performance

Shares of NASDAQ:HON traded down $1.58 during trading hours on Tuesday, hitting $206.94. 2,804,522 shares of the company’s stock traded hands, compared to its average volume of 4,066,541. The company’s fifty day simple moving average is $224.09 and its two-hundred day simple moving average is $215.15. The company has a market cap of $134.56 billion, a price-to-earnings ratio of 23.76, a price-to-earnings-growth ratio of 2.55 and a beta of 1.05. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.12 and a current ratio of 1.31. Honeywell International Inc. has a 52 week low of $189.75 and a 52 week high of $242.77.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings results 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 net margin of 14.82% and a return on equity of 35.78%. As a group, equities analysts anticipate that Honeywell International Inc. will post 10.3 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on HON. Robert W. Baird lowered Honeywell International from an “outperform” rating to a “neutral” rating and dropped their target price for the stock from $223.00 to $217.00 in a research report on Friday, October 25th. Wolfe Research downgraded Honeywell International from an “outperform” rating to a “peer perform” rating in a report on Monday, October 28th. JPMorgan Chase & Co. cut their target price on Honeywell International from $233.00 to $231.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 15th. Citigroup dropped their price target on shares of Honeywell International from $268.00 to $266.00 and set a “buy” rating for the company in a research note on Monday, January 13th. Finally, HSBC upgraded shares of Honeywell International from a “hold” rating to a “buy” rating and set a $290.00 price objective on the stock in a research note on Wednesday, December 11th. Ten investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Honeywell International has an average rating of “Moderate Buy” and a consensus target price of $248.71.

Institutional Investors Weigh In On Honeywell International

Several hedge funds have recently made changes to their positions in HON. Teachers Insurance & Annuity Association of America purchased a new stake in Honeywell International in the 3rd quarter worth about $25,000. Mainstream Capital Management LLC acquired a new position in shares of Honeywell International in the 4th quarter valued at about $25,000. Avalon Trust Co lifted its position in shares of Honeywell International by 166.7% in the fourth quarter. Avalon Trust Co now owns 120 shares of the conglomerate’s stock worth $27,000 after purchasing an additional 75 shares in the last quarter. Reston Wealth Management LLC acquired a new stake in shares of Honeywell International during the third quarter worth approximately $29,000. Finally, Hoese & Co LLP purchased a new position in Honeywell International during the fourth quarter valued at approximately $30,000. Hedge funds and other institutional investors own 75.91% of the company’s stock.

About Honeywell International

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.