The stock of Honeywell International Inc. (NYSE:HON) is a huge mover today! About 1.65 million shares traded hands. Honeywell International Inc. (NYSE:HON) has declined 2.89% since March 9, 2016 and is downtrending. It has underperformed by 10.31% the S&P500.
The move comes after 7 months positive chart setup for the $80.63 billion company. It was reported on Oct, 12 by Barchart.com. We have $158.36 PT which if reached, will make NYSE:HON worth $38.70 billion more.
Analysts await Honeywell International Inc. (NYSE:HON) to report earnings on October, 21. They expect $1.70 EPS, up 8.28% or $0.13 from last year’s $1.57 per share. HON’s profit will be $1.28B for 15.74 P/E if the $1.70 EPS becomes a reality. After $1.66 actual EPS 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 37 analyst reports since July 30, 2015 according to StockzIntelligence Inc. The stock of Honeywell International Inc. (NYSE:HON) earned “Buy” rating by Argus Research on Tuesday, July 26. The stock has “Buy” rating given by Deutsche Bank on Tuesday, August 25. The rating was maintained by Argus Research with “Buy” on Tuesday, July 21. The stock has “Overweight” rating given by Morgan Stanley on Monday, April 25. The rating was maintained by S&P Research with “Hold” on Tuesday, October 20. The firm earned “Outperform” rating on Thursday, October 6 by Robert W. Baird. The stock of Honeywell International Inc. (NYSE:HON) has “Buy” rating given on Monday, April 25 by Jefferies. The company was maintained on Monday, April 25 by Credit Suisse. The stock has “Outperform” rating given by RBC Capital Markets on Monday, October 10. The rating was maintained by Oppenheimer with “Outperform” on Thursday, December 17.
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 2016 Q2. Its down 0.06, from 1.03 in 2016Q1. The ratio fall, 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.
Kings Point Cap Mngmt last reported 97,241 shares in the company. Blackrock Advsrs holds 0.49% of its portfolio in Honeywell International Inc. (NYSE:HON) for 4.18 million shares. Northwest Investment Counselors Ltd Liability last reported 16,657 shares in the company. Federated Investors Pa accumulated 18,376 shares or 0.01% of the stock. Voloridge Inv Mgmt Lc last reported 413,312 shares in the company. State Street Corporation last reported 0.34% of its portfolio in the stock. Jefferies Grp Inc Ltd Liability Corp accumulated 35,244 shares or 0.02% of the stock. Arvest Savings Bank Division accumulated 0.03% or 3,402 shares. The New York-based Metropolitan Life Insur Ny has invested 0.37% in Honeywell International Inc. (NYSE:HON). Scott And Selber accumulated 2.1% or 26,963 shares. Sigma Planning Corporation holds 0.3% or 19,868 shares in its portfolio. Ameriprise Financial, a Minnesota-based fund reported 10.07M shares. Laurel Grove Capital Ltd Liability Company accumulated 29,300 shares or 2.05% of the stock. Commonwealth Of Pennsylvania School Empls Retrmt Sys has 0.13% invested in the company for 61,021 shares. Wealthtrust accumulated 0.55% or 7,639 shares.
Insider Transactions: Since April 18, 2016, the stock had 0 insider purchases, and 17 insider sales for $137.84 million net activity. Shares for $3.25M were sold by Szlosek Thomas A. Mahoney Timothy O. sold $69,774 worth of Honeywell International Inc. (NYSE:HON) on Thursday, August 4. Mikkilineni Krishna had sold 13,000 shares worth $1.48M. On Monday, August 15 Adams Katherine L. sold $12.62M worth of the stock or 108,712 shares. On Thursday, August 4 Deily Linnet F sold $384,938 worth of the stock or 3,319 shares. 277 Honeywell International Inc. (NYSE:HON) shares with value of $32,005 were sold by Mak Jennifer H. COTE DAVID M had sold 534,505 shares worth $62.08 million.
More notable recent Honeywell International Inc. (NYSE:HON) news were published by: Forbes.com which released: “Relative Strength Alert For Honeywell International” on October 07, 2016, also Investorplace.com with their article: “Why Tyson Foods, Inc. (TSN), Honeywell International Inc. (HON) and Sarepta …” published on October 07, 2016, Investorplace.com published: “3 Big Stock Charts: Honeywell International Inc. (HON), Gap Inc (GPS) and …” on October 10, 2016. More interesting news about Honeywell International Inc. (NYSE:HON) were released by: Seekingalpha.com and their article: “Honeywell Is Not Quite Sweet Enough” published on October 11, 2016 as well as Seekingalpha.com‘s news article titled: “Honeywell’s Sell-Off Is Investors’ Gain” with publication date: October 11, 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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