Traders Buy High Volume of Honeywell International Call Options (NASDAQ:HON)

Honeywell International Inc. (NASDAQ:HON) was the recipient of unusually large options trading on Tuesday. Stock traders purchased 12,736 call options on the stock. This represents an increase of approximately 67% compared to the typical volume of 7,614 call options.

Institutional Investors Weigh In On Honeywell International

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. RIA Advisory Group LLC acquired a new position in shares of Honeywell International during the 3rd quarter worth approximately $6,124,000. EP Wealth Advisors LLC boosted its stake in Honeywell International by 4.4% during the second quarter. EP Wealth Advisors LLC now owns 337,380 shares of the conglomerate’s stock worth $72,044,000 after buying an additional 14,271 shares during the last quarter. SteelPeak Wealth LLC grew its holdings in shares of Honeywell International by 255.2% in the third quarter. SteelPeak Wealth LLC now owns 73,529 shares of the conglomerate’s stock valued at $15,199,000 after purchasing an additional 52,830 shares during the period. Los Angeles Capital Management LLC increased its holdings in shares of Honeywell International by 24.5% during the 3rd quarter. Los Angeles Capital Management LLC now owns 29,213 shares of the conglomerate’s stock worth $6,039,000 after buying an additional 5,750 shares during the last quarter. Finally, Rockefeller Capital Management L.P. increased its stake in Honeywell International by 2.0% during the third quarter. Rockefeller Capital Management L.P. now owns 639,341 shares of the conglomerate’s stock worth $132,155,000 after acquiring an additional 12,755 shares during the last quarter. 75.91% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Citigroup cut their price objective on shares of Honeywell International from $248.00 to $244.00 and set a “buy” rating for the company in a report on Friday, October 25th. JPMorgan Chase & Co. dropped their target price on Honeywell International from $235.00 to $233.00 and set a “neutral” rating for the company in a research report on Friday, October 25th. Baird R W downgraded shares of Honeywell International from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 25th. Morgan Stanley assumed coverage on Honeywell International in a research report on Friday, September 6th. They set an “equal weight” rating and a $210.00 target price for the company. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $253.00 price target on shares of Honeywell International in a research report on Tuesday. Nine investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, Honeywell International has an average rating of “Hold” and a consensus price target of $241.45.

Honeywell International Price Performance

NASDAQ HON opened at $226.96 on Wednesday. Honeywell International has a 1 year low of $189.66 and a 1 year high of $242.77. The company has a market cap of $147.58 billion, a price-to-earnings ratio of 26.21, a PEG ratio of 2.73 and a beta of 1.05. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.44 and a quick ratio of 1.12. The stock’s fifty day moving average price is $217.53 and its 200 day moving average price is $210.34.

Honeywell International Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be paid a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a yield of 1.99%. This is a boost from Honeywell International’s previous quarterly dividend of $1.08. The ex-dividend date is Friday, November 15th. Honeywell International’s payout ratio is presently 52.19%.

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.