On February 21, 2023 at 15:02:49 (ET) an unusually large $1,720.00K block of Put contracts in Honeywell International (HON) was sold, with a strike price of $180.00 / share, expiring in 59 days (on April 21, 2023). Fintel tracks all large options trades, and the premium spent on this trade was 8.97 sigmas above the mean, placing it in the 100.00 percentile of all recent large trades made in HON options.

Analyst Price Forecast Suggests 10.56% Upside

As of February 19, 2023, the average one-year price target for Honeywell International is $222.70. The forecasts range from a low of $191.90 to a high of $278.25. The average price target represents an increase of 10.56% from its latest reported closing price of $201.42.

The projected annual revenue for Honeywell International is $37,223MM, an increase of 4.95%. The projected annual EPS is $9.33, an increase of 27.23%.

What is the Fund Sentiment?

There are 3412 funds or institutions reporting positions in Honeywell International. This is an increase of 140 owner(s) or 4.28% in the last quarter. Average portfolio weight of all funds dedicated to HON is 0.55%, an increase of 2.31%. Total shares owned by institutions increased in the last three months by 1.38% to 586,159K shares. The put/call ratio of HON is 1.22, indicating a bearish outlook.

What are large shareholders doing?

Wellington Management Group Llp holds 21,580K shares representing 3.23% ownership of the company. In it’s prior filing, the firm reported owning 16,846K shares, representing an increase of 21.93%. The firm decreased its portfolio allocation in HON by 99.98% over the last quarter.

VTSMX – Vanguard Total Stock Market Index Fund Investor Shares holds 20,089K shares representing 3.01% ownership of the company. In it’s prior filing, the firm reported owning 20,044K shares, representing an increase of 0.22%. The firm increased its portfolio allocation in HON by 0.36% over the last quarter.

Bank Of America holds 19,959K shares representing 2.99% ownership of the company. In it’s prior filing, the firm reported owning 19,684K shares, representing an increase of 1.38%. The firm decreased its portfolio allocation in HON by 99.88% over the last quarter.

Massachusetts Financial Services holds 18,116K shares representing 2.71% ownership of the company. In it’s prior filing, the firm reported owning 19,276K shares, representing a decrease of 6.40%. The firm decreased its portfolio allocation in HON by 99.98% over the last quarter.

Newport Trust holds 16,745K shares representing 2.51% ownership of the company. No change in the last quarter.

Honeywell International Declares $1.03 Dividend

On February 10, 2023 the company declared a regular quarterly dividend of $1.03 per share ($4.12 annualized). Shareholders of record as of February 24, 2023 will receive the payment on March 10, 2023. Previously, the company paid $1.03 per share.

At the current share price of $201.42 / share, the stock’s dividend yield is 2.05%. Looking back five years and taking a sample every week, the average dividend yield has been 2.05%, the lowest has been 1.59%, and the highest has been 3.47%. The standard deviation of yields is 0.26 (n=237).

The current dividend yield is 0.00 standard deviations above the historical average.

Additionally, the company’s dividend payout ratio is 0.55. The payout ratio tells us how much of a company’s income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company’s income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend – not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.

The company’s 3-Year dividend growth rate is 0.14%, demonstrating that it has increased its dividend over time.

Honeywell International Background Information
(This description is provided by the company.)

Honeywell is a Fortune 100 technology company that delivers industry-specific solutions that include aerospace products and services; control technologies for buildings and industry; and performance materials globally. Its technologies help aircraft, buildings, manufacturing plants, supply chains, and workers become more connected to make our world smarter, safer, and more sustainable.

This article originally appeared on Fintel

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