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

Honeywell International Inc. (NASDAQ:HON) was the recipient of some unusual options trading activity on Tuesday. Investors acquired 12,736 call options on the company. This represents an increase of approximately 67% compared to the average daily volume of 7,614 call options.

Institutional Investors Weigh In On Honeywell International

Several hedge funds have recently made changes to their positions in the business. Lynx Investment Advisory purchased a new position in Honeywell International in the second quarter valued at approximately $66,000. Apella Capital LLC lifted its holdings in shares of Honeywell International by 16.9% during the 2nd quarter. Apella Capital LLC now owns 1,629 shares of the conglomerate’s stock valued at $343,000 after acquiring an additional 235 shares in the last quarter. CVA Family Office LLC boosted its position in Honeywell International by 20.1% during the 2nd quarter. CVA Family Office LLC now owns 1,591 shares of the conglomerate’s stock worth $340,000 after purchasing an additional 266 shares during the period. Albion Financial Group UT increased its holdings in Honeywell International by 0.5% in the 2nd quarter. Albion Financial Group UT now owns 61,500 shares of the conglomerate’s stock valued at $13,133,000 after purchasing an additional 276 shares in the last quarter. Finally, M. Kraus & Co raised its position in Honeywell International by 8.6% in the second quarter. M. Kraus & Co now owns 1,887 shares of the conglomerate’s stock valued at $403,000 after purchasing an additional 150 shares during the period. Institutional investors and hedge funds own 75.91% of the company’s stock.

Analyst Upgrades and Downgrades

HON has been the topic of several recent research reports. Barclays upped their price target on Honeywell International from $229.00 to $252.00 and gave the stock an “overweight” rating in a report on Wednesday, November 13th. Royal Bank of Canada restated a “sector perform” rating and set a $253.00 price target on shares of Honeywell International in a research note on Tuesday. JPMorgan Chase & Co. decreased their target price on shares of Honeywell International from $235.00 to $233.00 and set a “neutral” rating for the company in a research note on Friday, October 25th. Morgan Stanley assumed coverage on shares of 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. Finally, Robert W. Baird cut Honeywell International from an “outperform” rating to a “neutral” rating and reduced their price target for the company from $223.00 to $217.00 in a report on Friday, October 25th. Nine investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $241.45.

Honeywell International Stock Down 1.3 %

Shares of NASDAQ:HON opened at $226.96 on Wednesday. The stock’s fifty day simple moving average is $217.53 and its 200-day simple moving average is $210.34. Honeywell International has a 52-week low of $189.66 and a 52-week high of $242.77. The company has a market capitalization of $147.58 billion, a P/E ratio of 26.21, a P/E/G ratio of 2.73 and a beta of 1.05. The company has a quick ratio of 1.12, a current ratio of 1.44 and a debt-to-equity ratio of 1.44.

Honeywell International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be paid a dividend of $1.13 per share. This is an increase 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 dividend yield of 1.99%. Honeywell International’s dividend 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.