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

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

Institutional Trading of Honeywell International

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Tidal Investments LLC grew its holdings in shares of Honeywell International by 46.3% in the third quarter. Tidal Investments LLC now owns 48,572 shares of the conglomerate’s stock valued at $10,040,000 after acquiring an additional 15,370 shares in the last quarter. Blankinship & Foster LLC purchased a new position in shares of Honeywell International in the 3rd quarter worth about $3,464,000. Destination Wealth Management grew its position in Honeywell International by 21.8% during the third quarter. Destination Wealth Management now owns 1,234 shares of the conglomerate’s stock valued at $255,000 after buying an additional 221 shares during the period. Wilmington Savings Fund Society FSB raised its position in Honeywell International by 17.5% in the third quarter. Wilmington Savings Fund Society FSB now owns 119,378 shares of the conglomerate’s stock worth $24,677,000 after acquiring an additional 17,785 shares during the period. Finally, Arvest Bank Trust Division bought a new position in shares of Honeywell International during the 3rd quarter valued at approximately $12,815,000. 75.91% of the stock is owned by institutional investors.

Honeywell International Stock Down 2.3 %

NASDAQ HON traded down $5.18 during mid-day trading on Tuesday, hitting $224.77. The company’s stock had a trading volume of 1,273,779 shares, compared to its average volume of 3,121,929. 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 company’s 50 day simple moving average is $216.57 and its 200 day simple moving average is $210.03. Honeywell International has a twelve month low of $189.66 and a twelve month high of $242.77. The firm has a market capitalization of $146.16 billion, a price-to-earnings ratio of 25.85, a PEG ratio of 2.77 and a beta of 1.05.

Honeywell International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be given a $1.13 dividend. This is a boost from Honeywell International’s previous quarterly dividend of $1.08. The ex-dividend date is Friday, November 15th. This represents a $4.52 annualized dividend and a yield of 2.01%. Honeywell International’s dividend payout ratio (DPR) is presently 52.19%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Citigroup lowered their target price on Honeywell International from $248.00 to $244.00 and set a “buy” rating for the company in a research note on Friday, October 25th. StockNews.com upgraded shares of Honeywell International from a “hold” rating to a “buy” rating in a research report on Sunday, November 3rd. Wolfe Research lowered Honeywell International from an “outperform” rating to a “peer perform” rating in a research report on Monday, October 28th. Baird R W cut Honeywell International from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 25th. Finally, Morgan Stanley initiated coverage on Honeywell International in a research note on Friday, September 6th. They issued an “equal weight” rating and a $210.00 price objective on the stock. Nine equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, Honeywell International currently has a consensus rating of “Hold” and an average target price of $241.45.

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.