Traders Scoop Up Cheap Honeywell Call Options Ahead Of Earnings

Ivan Schwartz
October 21, 2017

At the moment 19 analysts are watching Honeywell International Inc. (NYSE:HON) is slated to unveil its quarterly results before Friday's open. Hedge funds and other institutional investors own 75.73% of the company's stock.

More notable recent Honeywell International Inc. (NYSE:HON). Reinhart Prns Inc has 0.05% invested in Honeywell International Inc.

Revenues rose 3.2% from a year ago to $10.12 billion, also topping analysts' view for $10.05 billion. Jolley Asset Management LLC now owns 775 shares of the conglomerate's stock valued at $103,000 after purchasing an additional 50 shares in the last quarter. (NYSE:HON). Cornerstone Advisors Inc holds 0.46% of its portfolio in Honeywell International Inc. MCF Advisors LLC now owns 935 shares of the conglomerate's stock worth $117,000 after acquiring an additional 335 shares in the last quarter.

Other equities research analysts also recently issued reports about the company.

The collective rating of 1.9 for Honeywell International Inc.

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On October 9 Citigroup made no change to the company rating of "Buy" but moved up the price target from $128.00 to $170.00. Robert W. Baird reissued a "buy" rating and issued a $156.00 price objective (up from $140.00) on shares of Honeywell International in a research note on Wednesday, October 11th. The current price is seen ranging between $142.51 and $143.89. One research analyst has rated the stock with a hold rating and sixteen have assigned a buy rating to the company's stock. On September 22 Morgan Stanley held the company rating at "Overweight" and raised the price expectation to $149.00 from $145.00.

TRADEMARK VIOLATION WARNING: This piece was reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this piece on another site, it was illegally copied and reposted in violation of US & global copyright and trademark laws. The legal version of this piece can be read at https://weekherald.com/2017/10/20/honeywell-international-inc-hon-stake-lifted-by-donaldson-capital-management-llc.html. The insider Mak Jennifer H sold 5,510 shares worth $726,659. The shares were sold at an average price of $137.24, for a total transaction of $137,240.00. On a consensus basis, analysts have given a recommendation of 1.90 on company shares. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Livingston Group Asset Management Southport Capital Management sold 5,058 shares as Honeywell Intl Inc Com (HON)'s stock rose 5.49%. The firm has "Buy" rating by Jefferies given on Tuesday, September 26. Following the sale, the insider now owns 16,597 shares in the company, valued at approximately $2,268,477.96. The disclosure for this sale can be found here. 36,080 shares were sold by Szlosek Thomas A, worth $4.73M on Monday, May 8. For the quarter ending Mar-18, 4 analysts have a mean sales target of 9,935.74 million whilst for the year ending Dec-17, 18 analysts have a mean target of 39,900.40 million. (NYSE:HON) have shifted north recently, touching a new 52-week high. The firm has a market cap of $109.23 billion, a price-to-earnings ratio of 22.27 and a beta of 0.95. Honeywell International Inc. earnings have risen with an annualized rate of 21.5% over the last 5 years.

The company, based in Morris Plains, New Jersey, forecasts fourth-quarter earnings per share of $1.79 to $1.84. During the last 52 weeks, the (NYSE:HON) price has been as high as $145.3 and as low as $107.41. The company's quarterly revenue was up.9% compared to the same quarter past year. On average, equities research analysts anticipate that Honeywell International Inc. will post $7.09 earnings per share for the current fiscal year.

Honeywell International Inc. posted expanded profit margins and the biggest sales gain in three years as new CEO Darius Adamczyk prepares to shed two businesses.

On 7/28/2017 announced a quarterly dividend of $0.67 1.95% with an ex dividend date of 8/16/2017 which will be payable on 8/18/2017. The ex-dividend date is Thursday, November 16th. Regents Of The University Of California stated it has 2.47% of its portfolio in Honeywell International Inc. More interesting news about Honeywell International Inc. Moreover, Sfe Counsel has 0.16% invested in Honeywell International Inc. The Firm operates through four divisions: Aerospace, Home and Building Technologies, Performance Materials and Technologies, and Safety and Productivity Solutions.

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