What’s in Honeywell International Inc. After Today’s Bearish Options Activity?

 What's in Honeywell International Inc. After Today's Bearish Options Activity?

In today’s session Honeywell International Inc. (HON) recorded an unusually high (322) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the January, 2017 put, expecting serious HON decrease. With 322 contracts traded and 7034 open interest for the Jan, 17 contract, it seems this is a quite bearish bet. The option with symbol: HON170120P00100000 closed last at: $1.1 or 3.8% up. About 986,721 shares traded hands. Honeywell International Inc. (NYSE:HON) has risen 0.21% since April 8, 2016 and is uptrending. It has underperformed by 5.43% the S&P500.

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 -0.45% below today’s ($113.87) stock price. Honeywell International Inc. has been the topic of 37 analyst reports since July 30, 2015 according to StockzIntelligence Inc. As per Monday, April 25, the company rating was maintained by Morgan Stanley. The firm earned “Buy” rating on Tuesday, July 26 by Argus Research. Oppenheimer maintained the shares of HON in a report on Monday, April 25 with “Outperform” rating. The firm has “Buy” rating given on Tuesday, August 25 by Deutsche Bank. The rating was maintained by Barclays Capital with “Overweight” on Monday, October 5. The firm earned “Buy” rating on Thursday, January 21 by Citigroup. The stock has “Buy” rating given by Citigroup on Monday, April 25. As per Friday, August 28, the company rating was downgraded by Vetr. The firm has “Buy” rating given on Tuesday, October 20 by Argus Research. Robert W. Baird initiated Honeywell International Inc. (NYSE:HON) rating on Thursday, October 6. Robert W. Baird has “Outperform” rating and $135 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 is 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.
Moreover, Forte Cap Ltd Company Adv has 0.16% invested in Honeywell International Inc. (NYSE:HON) for 3,584 shares. Veritas Investment Management (Uk) Limited owns 17,045 shares or 0.92% of their US portfolio. The Massachusetts-based Acadian Asset Mgmt Ltd Liability Corp has invested 0.02% in Honeywell International Inc. (NYSE:HON). Amer Int Group Incorporated reported 247,398 shares or 0% of all its holdings. Seabridge Advsr Ltd Liability holds 27,913 shares or 0.82% of its portfolio. Caldwell Orkin holds 2.85% of its portfolio in Honeywell International Inc. (NYSE:HON) for 56,475 shares. D E Shaw & Comm Inc accumulated 0.01% or 31,408 shares. Smith Moore And last reported 0.14% of its portfolio in the stock. Edgar Lomax Co Va last reported 237,097 shares in the company. Signature Fincl Inc last reported 0.13% of its portfolio in the stock. Vaughan Nelson Mgmt Limited Partnership accumulated 566,175 shares or 0.83% of the stock. Retirement Of Alabama owns 628,334 shares or 0.43% of their US portfolio. Duncker Streett And Company Inc last reported 4,955 shares in the company. Meristem Llp has invested 0.25% of its portfolio in Honeywell International Inc. (NYSE:HON). Artemis Ltd Liability Partnership, a United Kingdom-based fund reported 130,400 shares.

Insider Transactions: Since May 20, 2016, the stock had 0 buys, and 13 selling transactions for $82.21 million net activity. 3,319 shares were sold by Deily Linnet F, worth $384,938. Shares for $1.48 million were sold by Mikkilineni Krishna on Friday, May 27. Mak Jennifer H also sold $32,005 worth of Honeywell International Inc. (NYSE:HON) on Friday, July 29. Another trade for 108,712 shares valued at $12.62 million was made by Adams Katherine L. on Monday, August 15. The insider Kramvis Andreas sold 38 shares worth $4,331. $329,970 worth of Honeywell International Inc. (NYSE:HON) shares were sold by SHEARES BRADLEY T. $69,774 worth of shares were sold by Mahoney Timothy O. on Thursday, August 4.

Honeywell International Inc. is a technology and manufacturing company. The company has a market cap of $88.15 billion. The Firm operates in three divisions: Aerospace, Automation and Control Solutions (ACS), and Performance Materials and Technologies (PMT). It has a 17.79 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 news for Honeywell International Inc. (NYSE:HON) were recently published by: Fool.com, which released: “Why Honeywell International Is a Fantastic Buy Right Now” on November 08, 2016. Valuewalk.com‘s article titled: “General Electric Company Sinks On Earnings, Honeywell International Inc. Rises” and published on October 21, 2016 is yet another important article.

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