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

Honeywell International Inc. (NASDAQ:HON) was the recipient of unusually large options trading on Thursday. Investors bought 23,538 call options on the stock. This is an increase of approximately 101% compared to the average volume of 11,682 call options.

Honeywell International Price Performance

Shares of Honeywell International stock opened at $209.82 on Friday. The company has a current ratio of 1.44, a quick ratio of 1.12 and a debt-to-equity ratio of 1.44. The stock has a market capitalization of $136.44 billion, a price-to-earnings ratio of 24.23, a P/E/G ratio of 2.57 and a beta of 1.05. Honeywell International has a 1-year low of $189.75 and a 1-year high of $242.77. The firm’s 50-day moving average price is $225.46 and its two-hundred day moving average price is $215.23.

Honeywell International (NASDAQ:HON) last released its quarterly earnings results on Thursday, February 6th. The conglomerate reported $2.47 EPS for the quarter, beating the consensus estimate of $2.37 by $0.10. Honeywell International had a net margin of 15.02% and a return on equity of 37.77%. On average, equities analysts predict that Honeywell International will post 9.78 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

HON has been the topic of several research analyst reports. The Goldman Sachs Group boosted their price target on shares of Honeywell International from $227.00 to $256.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Jefferies Financial Group upped their price objective on shares of Honeywell International from $220.00 to $260.00 and gave the stock a “hold” rating in a report on Tuesday, December 17th. Wells Fargo & Company decreased their price objective on shares of Honeywell International from $254.00 to $240.00 and set an “equal weight” rating for the company in a report on Tuesday, January 7th. Bank of America upped their price objective on shares of Honeywell International from $220.00 to $240.00 and gave the stock a “neutral” rating in a report on Thursday, November 14th. Finally, Hsbc Global Res upgraded shares of Honeywell International to a “strong-buy” rating in a report on Wednesday, December 11th. Eleven equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $248.29.

Hedge Funds Weigh In On Honeywell International

Hedge funds and other institutional investors have recently bought and sold shares of the business. Valmark Advisers Inc. lifted its stake in shares of Honeywell International by 1.0% in the fourth quarter. Valmark Advisers Inc. now owns 4,641 shares of the conglomerate’s stock valued at $1,048,000 after buying an additional 45 shares in the last quarter. ZWJ Investment Counsel Inc. lifted its stake in shares of Honeywell International by 3.4% in the fourth quarter. ZWJ Investment Counsel Inc. now owns 1,448 shares of the conglomerate’s stock valued at $327,000 after buying an additional 47 shares in the last quarter. Saxony Capital Management LLC lifted its stake in shares of Honeywell International by 4.0% in the fourth quarter. Saxony Capital Management LLC now owns 1,225 shares of the conglomerate’s stock valued at $277,000 after buying an additional 47 shares in the last quarter. Magnus Financial Group LLC lifted its position in shares of Honeywell International by 0.5% during the fourth quarter. Magnus Financial Group LLC now owns 8,936 shares of the conglomerate’s stock valued at $2,019,000 after purchasing an additional 48 shares in the last quarter. Finally, Absher Wealth Management LLC lifted its position in shares of Honeywell International by 2.5% during the third quarter. Absher Wealth Management LLC now owns 1,999 shares of the conglomerate’s stock valued at $413,000 after purchasing an additional 49 shares in the last quarter. 75.91% of the stock is owned by institutional investors.

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.