Honeywell International (HON) Receiving Somewhat Favorable Press Coverage, Analysis Finds

Media coverage about Honeywell International (NYSE:HON) has trended somewhat positive on Friday, according to Alpha One. The research firm, a subsidiary of Accern, identifies negative and positive news coverage by reviewing more than 20 million news and blog sources in real time. Alpha One ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Honeywell International earned a news impact score of 0.09 on Alpha One’s scale. Alpha One also assigned media stories about the conglomerate an impact score of 84 out of 100, indicating that recent news coverage is very likely to have an impact on the company’s share price in the near term.

These are some of the news articles that may have effected AlphaOne’s analysis:

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

A number of research firms recently commented on HON. Citigroup Inc. lifted their price target on Honeywell International from $140.00 to $147.00 and gave the stock a “buy” rating in a report on Tuesday, April 25th. Stifel Nicolaus boosted their price objective on Honeywell International from $136.00 to $143.00 and gave the stock a “buy” rating in a report on Tuesday, April 25th. Cowen and Company restated a “buy” rating on shares of Honeywell International in a report on Monday, April 24th. Royal Bank of Canada boosted their price objective on Honeywell International from $144.00 to $145.00 and gave the stock an “outperform” rating in a report on Monday, April 24th. Finally, Jefferies Group LLC restated a “buy” rating and set a $141.00 price objective on shares of Honeywell International in a report on Wednesday, May 17th. Two investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $134.05.

Shares of Honeywell International (NYSE:HON) traded up 0.12% on Friday, hitting $134.63. 3,447,426 shares of the stock traded hands. The firm has a market cap of $102.63 billion, a P/E ratio of 21.20 and a beta of 0.92. The stock has a 50-day moving average price of $132.27 and a 200 day moving average price of $123.98. Honeywell International has a 52 week low of $105.25 and a 52 week high of $135.33. Honeywell International also saw unusually large options trading activity on Wednesday. Traders purchased 1,503 put options on the company. This is an increase of 1,056% compared to the average daily volume of 130 put options.

Honeywell International (NYSE:HON) last issued its earnings results on Friday, April 21st. The conglomerate reported $1.66 EPS for the quarter, topping analysts’ consensus estimates of $1.62 by $0.04. The company had revenue of $9.49 billion for the quarter, compared to analysts’ expectations of $9.33 billion. Honeywell International had a net margin of 12.43% and a return on equity of 26.58%. The firm’s revenue was down .3% compared to the same quarter last year. During the same quarter last year, the company earned $1.56 EPS. Equities research analysts predict that Honeywell International will post $7.09 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, June 9th. Investors of record on Friday, May 19th were given a $0.665 dividend. This represents a $2.66 dividend on an annualized basis and a yield of 1.98%. The ex-dividend date of this dividend was Wednesday, May 17th. Honeywell International’s payout ratio is presently 42.16%.

In other Honeywell International news, VP Jennifer H. Mak sold 5,510 shares of the business’s stock in a transaction dated Tuesday, May 23rd. The shares were sold at an average price of $131.88, for a total value of $726,658.80. Following the transaction, the vice president now owns 3,141 shares in the company, valued at $414,235.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Mark R. James sold 116,441 shares of the business’s stock in a transaction dated Wednesday, April 26th. The shares were sold at an average price of $130.47, for a total transaction of $15,192,057.27. Following the completion of the transaction, the senior vice president now owns 240,826 shares in the company, valued at approximately $31,420,568.22. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,253,667 shares of company stock worth $164,049,416. 1.56% of the stock is owned by corporate insiders.

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Honeywell International Company Profile

Honeywell International Inc is a technology and manufacturing company. The Company operates through four segments: Aerospace, Home and Building Technologies, Performance Materials and Technologies, and Safety and Productivity Solutions. The Company’s Aerospace segment supplies products, software and services for aircraft and vehicles that it sells to original equipment manufacturers (OEMs) and other customers.

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