Honeywell International Inc. (NASDAQ:HON) VP Anne T. Madden Sells 28,885 Shares

Honeywell International Inc. (NASDAQ:HON) VP Anne T. Madden sold 28,885 shares of the business’s stock in a transaction dated Monday, February 10th. The shares were 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Honeywell International Trading Down 0.8 %

Shares of HON stock opened at $206.94 on Wednesday. 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 debt-to-equity ratio of 1.33, a current ratio of 1.31 and a quick ratio of 1.12. Honeywell International Inc. has a 1 year low of $189.75 and a 1 year high of $242.77. The stock has a market capitalization of $134.56 billion, a price-to-earnings ratio of 23.76, a PEG ratio of 2.55 and a beta of 1.05.

Honeywell International (NASDAQ:HON) last issued its earnings results on Thursday, February 6th. The conglomerate reported $2.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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, analysts anticipate that Honeywell International Inc. will post 10.3 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have commented on HON shares. Wolfe Research lowered Honeywell International from an “outperform” rating to a “peer perform” rating in a report on Monday, October 28th. The Goldman Sachs Group boosted their price objective on Honeywell International from $227.00 to $256.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. Barclays decreased their price objective on Honeywell International from $260.00 to $251.00 and set an “overweight” rating for the company in a report on Monday. Robert W. Baird lowered Honeywell International from an “outperform” rating to a “neutral” rating and decreased their price objective for the stock from $223.00 to $217.00 in a report on Friday, October 25th. Finally, Deutsche Bank Aktiengesellschaft raised Honeywell International from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $236.00 to $260.00 in a report on Friday, February 7th. Ten research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Honeywell International has a consensus rating of “Moderate Buy” and an average target price of $248.71.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in HON. Exchange Traded Concepts LLC increased its holdings in shares of Honeywell International by 112.1% in the third quarter. Exchange Traded Concepts LLC now owns 4,711 shares of the conglomerate’s stock worth $974,000 after purchasing an additional 2,490 shares during the period. Thurston Springer Miller Herd & Titak Inc. increased its holdings in shares of Honeywell International by 9.4% in the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 6,067 shares of the conglomerate’s stock worth $1,254,000 after purchasing an additional 523 shares during the period. Paladin Wealth LLC bought a new position in shares of Honeywell International in the third quarter worth $150,000. Procyon Advisors LLC increased its stake in Honeywell International by 0.7% in the third quarter. Procyon Advisors LLC now owns 13,425 shares of the conglomerate’s stock valued at $2,776,000 after acquiring an additional 91 shares during the last quarter. Finally, Stablepoint Partners LLC increased its stake in Honeywell International by 10.5% in the third quarter. Stablepoint Partners LLC now owns 1,814 shares of the conglomerate’s stock valued at $375,000 after acquiring an additional 172 shares during the last quarter. 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.