Price Action Don’t Lie: Honeywell International Inc.’s Stock Is Sell After Today’s Significant Decline

Price Action Don't Lie: Honeywell International Inc.'s Stock Is Sell After Today's Significant Decline

The stock of Honeywell International Inc. (NYSE:HON) is a huge mover today! About 7.15M shares traded hands or 147.40% up from the average. Honeywell International Inc. (NYSE:HON) has risen 6.90% since March 4, 2016 and is uptrending. It has underperformed by 1.14% the S&P500.
The move comes after 8 months negative chart setup for the $81.46B company. It was reported on Oct, 7 by Barchart.com. We have $98.20 PT which if reached, will make NYSE:HON worth $6.52 billion less.

Analysts await Honeywell International Inc. (NYSE:HON) to report earnings on October, 21. They expect $1.70 earnings per share, up 8.28% or $0.13 from last year’s $1.57 per share. HON’s profit will be $1.30 billion for 15.70 P/E if the $1.70 EPS becomes a reality. After $1.66 actual earnings per share reported by Honeywell International Inc. for the previous quarter, Wall Street now forecasts 2.41% EPS growth.

Honeywell International Inc. (NYSE:HON) Ratings Coverage

Out of 16 analysts covering Honeywell International Inc. (NYSE:HON), 11 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 69% are positive. Honeywell International Inc. has been the topic of 36 analyst reports since July 30, 2015 according to StockzIntelligence Inc. The stock of Honeywell International Inc. (NYSE:HON) earned “Buy” rating by Jefferies on Monday, April 25. Citigroup maintained the stock with “Buy” rating in Tuesday, April 19 report. Credit Suisse maintained Honeywell International Inc. (NYSE:HON) on Monday, April 25 with “Neutral” rating. The company was maintained on Monday, October 19 by RBC Capital Markets. The rating was maintained by Argus Research on Tuesday, July 26 with “Buy”. The stock of Honeywell International Inc. (NYSE:HON) earned “Buy” rating by Argus Research on Tuesday, July 21. Argus Research maintained Honeywell International Inc. (NYSE:HON) on Tuesday, October 20 with “Buy” rating. The stock has “Outperform” rating given by Oppenheimer on Monday, April 25. The stock of Honeywell International Inc. (NYSE:HON) has “Buy” rating given on Monday, April 25 by Citigroup. The firm earned “Overweight” rating on Monday, April 25 by Morgan Stanley.

According to Zacks Investment Research, “Honeywell International is a diversified technology and manufacturing company, serving customers worldwide with aerospace products and services, control technologies for buildings, homes and industry, automotive products, power generation systems, specialty chemicals, fibers, plastics and electronic and advanced materials. Its operations are conducted by strategic business units, which have been aggregated under four reportable segments: Aerospace Solutions, Automation & Asset Management, Performance Materials and Power & Transportation Products.”

Insitutional Activity: The institutional sentiment decreased to 0.97 in Q2 2016. Its down 0.06, from 1.03 in 2016Q1. The ratio worsened, as 52 funds sold all Honeywell International Inc. shares owned while 466 reduced positions. 85 funds bought stakes while 418 increased positions. They now own 570.07 million shares or 2.94% less from 587.36 million shares in 2016Q1.
The Illinois-based Anchor Bolt Capital L P has invested 5.54% in Honeywell International Inc. (NYSE:HON). Indiana Tru & Mgmt Communication has 0.14% invested in the company for 2,410 shares. Moreover, Schnieders Cap Mngmt Ltd Liability Com has 0.8% invested in Honeywell International Inc. (NYSE:HON) for 12,322 shares. Counsel Svcs last reported 0.07% of its portfolio in the stock. Mai Capital Mngmt reported 78,253 shares or 0.7% of all its holdings. Pinnacle Financial Prns holds 43,128 shares or 1.17% of its portfolio. Bainco Interest last reported 86,195 shares in the company. Alliancebernstein L P reported 4.97 million shares or 0.5% of all its holdings. Trust Com Of Virginia Va has 0.04% invested in the company for 2,172 shares. Forbes J M & Company Llp last reported 47,844 shares in the company. Horizon Kinetics Limited Liability reported 10,294 shares or 0.03% of all its holdings. Parsons Management Ri holds 1.04% or 68,016 shares in its portfolio. The Massachusetts-based Northeast Mngmt has invested 2.26% in Honeywell International Inc. (NYSE:HON). Teton has invested 0.02% of its portfolio in Honeywell International Inc. (NYSE:HON). Notis, a Alabama-based fund reported 13,529 shares.

Insider Transactions: Since April 18, 2016, the stock had 0 buys, and 17 insider sales for $137.84 million net activity. $384,938 worth of Honeywell International Inc. (NYSE:HON) was sold by Deily Linnet F on Thursday, August 4. $8.51M worth of shares were sold by Kramvis Andreas on Monday, April 18. The insider Mikkilineni Krishna sold $1.48M. The insider Mak Jennifer H sold $32,005. 28,317 Honeywell International Inc. (NYSE:HON) shares with value of $3.25 million were sold by Szlosek Thomas A. $69,774 worth of shares were sold by Mahoney Timothy O. on Thursday, August 4. 7,415 shares were sold by DAVIS D SCOTT, worth $861,697.

More notable recent Honeywell International Inc. (NYSE:HON) news were published by: Wsj.com which released: “Honeywell CEO Addresses Surprise Shortfall” on October 07, 2016, also Investorplace.com with their article: “3 Stocks to Watch on Friday: Gap Inc (GPS), Honeywell International Inc (HON …” published on October 07, 2016, 247Wallst.com published: “Did Honeywell Guidance Just Jeopardize Conglomerates or Industrials?” on October 06, 2016. More interesting news about Honeywell International Inc. (NYSE:HON) were released by: Forbes.com and their article: “Honeywell International Enters Oversold Territory” published on September 09, 2016 as well as Schaeffersresearch.com‘s news article titled: “Buzz Stocks: Honeywell International Inc., ArcelorMittal SA (ADR), and Silicon …” with publication date: October 07, 2016.

HON Company Profile

Honeywell International Inc. (Honeywell), incorporated on November 24, 1999, is a technology and manufacturing company. The Firm offers aerospace services and products; turbochargers; control, sensing and security technologies for buildings, homes and industry; chemicals, electronic and materials, and process technology for refining and petrochemicals, and energy products and solutions for homes, business and transportation. The Firm operates in three divisions: Aerospace, Automation and Control Solutions (ACS), and Performance Materials and Technologies (PMT).

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