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 (176) 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 176 contracts traded and 12804 open interest for the Jan, 17 contract, it seems this is a quite bearish bet. The option with symbol: HON170120P00105000 closed last at: $0.71 or 2.7% down. About 428,024 shares traded hands. Honeywell International Inc. (NYSE:HON) has declined 0.83% since April 26, 2016 and is downtrending. It has underperformed by 6.09% the S&P500.

Analysts await Honeywell International Inc. (NYSE:HON) to report earnings on February, 3. They expect $1.75 earnings per share, up 10.76% or $0.17 from last year’s $1.58 per share. HON’s profit will be $1.33 billion for 16.26 P/E if the $1.75 EPS becomes a reality. After $1.67 actual earnings per share reported by Honeywell International Inc. for the previous quarter, Wall Street now forecasts 4.79% 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. Honeywell International Inc. has been the topic of 37 analyst reports since July 30, 2015 according to StockzIntelligence Inc. The firm has “Outperform” rating by RBC Capital Markets given on Monday, October 19. The firm has “Overweight” rating by Morgan Stanley given on Monday, April 25. The firm has “Outperform” rating given on Thursday, October 6 by Robert W. Baird. The stock of Honeywell International Inc. (NYSE:HON) earned “Outperform” rating by Oppenheimer on Monday, April 25. Deutsche Bank maintained the stock with “Buy” rating in Tuesday, August 25 report. Barclays Capital maintained it with “Overweight” rating and $102 target price in Monday, October 5 report. Argus Research maintained Honeywell International Inc. (NYSE:HON) on Tuesday, October 20 with “Buy” rating. Oppenheimer maintained it with “Outperform” rating and $120 target price in Thursday, December 17 report. Barclays Capital maintained it with “Equal-Weight” rating and $109 target price in Monday, April 18 report. The firm earned “Buy” rating on Monday, April 25 by Citigroup.

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 increased to 1.02 in 2016 Q2. Its up 0.05, from 0.97 in 2016Q1. The ratio improved, 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.
Macquarie Grp accumulated 0.1% or 422,890 shares. The Texas-based Services Automobile Association has invested 0.51% in Honeywell International Inc. (NYSE:HON). Moreover, Cwm Ltd Liability Com has 0% invested in Honeywell International Inc. (NYSE:HON) for 582 shares. Chevy Chase Trust Hldg holds 0.43% or 657,787 shares in its portfolio. Advsrs Asset owns 54,546 shares or 0.1% of their US portfolio. Sumitomo Life holds 0.56% of its portfolio in Honeywell International Inc. (NYSE:HON) for 35,342 shares. Chemical Bank holds 21,517 shares or 0.35% of its portfolio. Federated Inc Pa last reported 0.01% of its portfolio in the stock. Jane Street Ltd Liability Com reported 15,232 shares or 0.01% of all its holdings. Victory Capital Management has 0.02% invested in the company for 48,389 shares. Apg Asset Management Nv has 0.45% invested in the company for 2.06M shares. Allsquare Wealth Management Lc last reported 0.06% of its portfolio in the stock. Raab Moskowitz Asset Mngmt Limited Liability Company holds 13,892 shares or 0.92% of its portfolio. Clifford Swan Invest Counsel Lc has 0.76% invested in the company for 94,749 shares. Moreover, Farmers Merchants Investments Inc has 0.75% invested in Honeywell International Inc. (NYSE:HON) for 57,461 shares.

Insider Transactions: Since July 28, 2016, the stock had 0 insider buys, and 11 insider sales for $78.79 million net activity. Shares for $329,970 were sold by SHEARES BRADLEY T. $399,464 worth of Honeywell International Inc. (NYSE:HON) was sold by Deily Linnet F on Friday, November 4. $169,500 worth of Honeywell International Inc. (NYSE:HON) was sold by James Mark R. on Thursday, November 17. Another trade for 13,985 shares valued at $1.62M was sold by Adamczyk Darius. $69,774 worth of shares were sold by Mahoney Timothy O. on Thursday, August 4. On Thursday, August 4 the insider DAVIS D SCOTT sold $861,697. Shares for $12.62M were sold by Adams Katherine L. on Monday, August 15.

Honeywell International Inc. is a technology and manufacturing company. The company has a market cap of $86.49 billion. The Firm operates in three divisions: Aerospace, Automation and Control Solutions (ACS), and Performance Materials and Technologies (PMT). It has a 17.78 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).

Another recent and important Honeywell International Inc. (NYSE:HON) news was published by Fool.com which published an article titled: “Why Honeywell International Is a Fantastic Buy Right Now” on November 08, 2016.

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