Can Honeywell International Inc.’s Tomorrow Be Different? Option Trader Are Very Bearish

 Can Honeywell International Inc.'s Tomorrow Be Different? Option Trader Are Very Bearish

In today’s session Honeywell International Inc. (HON) recorded an unusually high (398) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the March, 2017 put, expecting serious HON decrease. With 398 contracts traded and 234 open interest for the Mar, 17 contract, it seems this is a quite bearish bet. The option with symbol: HON170317P00115000 closed last at: $5.9 or 4.1% down. About 2.62M shares traded hands. Honeywell International Inc. (NYSE:HON) has declined 0.49% since March 7, 2016 and is downtrending. It has underperformed by 8.09% the S&P500.

Analysts await Honeywell International Inc. (NYSE:HON) to report earnings on October, 21. They expect $1.70 earnings per share, up 8.28% or $0.13 from last year’s $1.57 per share. HON’s profit will be $1.20 billion for 15.69 P/E if the $1.70 EPS becomes a reality. After $1.66 actual earnings per share 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. $135 is the highest target while $7 is the lowest. The $113.36 average target is 6.26% above today’s ($106.68) stock price. 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 21. As per Tuesday, October 20, the company rating was maintained by Argus Research. UBS maintained Honeywell International Inc. (NYSE:HON) on Monday, June 6 with “Neutral” rating. Jefferies maintained it with “Buy” rating and $130 target price in Monday, April 25 report. The firm earned “Outperform” rating on Thursday, December 17 by Oppenheimer. On Tuesday, August 25 the stock rating was maintained by Deutsche Bank with “Buy”. The rating was maintained by Barclays Capital with “Overweight” on Monday, November 16. Citigroup maintained the shares of HON in a report on Tuesday, April 19 with “Buy” rating. The company was maintained on Monday, April 25 by Citigroup. Credit Suisse maintained Honeywell International Inc. (NYSE:HON) rating on Monday, April 25. Credit Suisse has “Neutral” rating and $114 price target.

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 turned negative, 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.
Jupiter Asset Management Ltd last reported 1.09% of its portfolio in the stock. Bremer Tru National Association has 63,475 shares for 2.05% of their US portfolio. Chase Investment Counsel Corporation holds 2.31% of its portfolio in Honeywell International Inc. (NYSE:HON) for 44,753 shares. The Minnesota-based Palisade Asset Management Limited Liability has invested 0.42% in Honeywell International Inc. (NYSE:HON). Greenleaf holds 0.28% of its portfolio in Honeywell International Inc. (NYSE:HON) for 94,413 shares. First Bank Of Omaha reported 33,625 shares or 0.29% of all its holdings. Boys Arnold And Communications Inc holds 0.1% or 5,027 shares in its portfolio. Trust Of Oklahoma holds 0% or 21,221 shares in its portfolio. Livingston Grp Incorporated Asset (Operating As Southport Cap Management) has 15,294 shares for 0.99% of their US portfolio. First Personal Fincl Serv last reported 974 shares in the company. Clark Cap Mngmt Gp has invested 0.62% of its portfolio in Honeywell International Inc. (NYSE:HON). Cleararc Cap has 17,839 shares for 0.4% of their US portfolio. Cetera Advisor Network Ltd Com has 0.21% invested in the company for 30,541 shares. Burt Wealth Advisors owns 544 shares or 0.07% of their US portfolio. Us Fincl Bank De last reported 0.32% of its portfolio in the stock.

Insider Transactions: Since April 18, 2016, the stock had 0 buys, and 17 sales for $137.84 million net activity. $4.45M worth of Honeywell International Inc. (NYSE:HON) was sold by Mahoney Timothy O. on Tuesday, May 10. The insider Adamczyk Darius sold $1.62M. $62.08 million worth of Honeywell International Inc. (NYSE:HON) was sold by COTE DAVID M. DAVIS D SCOTT sold $861,697 worth of stock or 7,415 shares. $1.48 million worth of Honeywell International Inc. (NYSE:HON) shares were sold by Mikkilineni Krishna. Kramvis Andreas sold 38 shares worth $4,331. The insider FRADIN ROGER sold 188,420 shares worth $21.69 million.

Honeywell International Inc. is a technology and manufacturing company. The company has a market cap of $75.08 billion. The Firm operates in three divisions: Aerospace, Automation and Control Solutions (ACS), and Performance Materials and Technologies (PMT). It has a 16.89 P/E ratio. The Company’s Aerospace segment supplies aircraft engines, integrated avionics, systems and service solutions, and related services and products for aircraft manufacturers, airlines, aircraft operators, military services, and defense and space contractors.

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).

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: “3 Big Stock Charts: Honeywell International Inc. (HON), Gap Inc (GPS) and …” published on October 10, 2016, Nasdaq.com published: “Honeywell International Inc. (HON) Is Sinking After Q3 Guidance Cut” on October 07, 2016. More interesting news about Honeywell International Inc. (NYSE:HON) were released by: Investorplace.com and their article: “Why Tyson Foods, Inc. (TSN), Honeywell International Inc. (HON) and Sarepta …” published on October 07, 2016 as well as Wsj.com‘s news article titled: “Honeywell CEO Addresses Surprise Shortfall” with publication date: October 07, 2016.

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