Honeywell International (NYSE:HON) has tumbled 0.65% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 2.38% in the last four weeks. In the past week, the company has outperformed the S&P 500 by 0.54% and the outperformance has advanced to 1.45% for the last 4 weeks period.
Honeywell International (NYSE:HON): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $115.92 and $115.17 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $116.16. The buying momentum continued till the end and the stock did not give up its gains. It closed at $115.92, notching a gain of 0.11% for the day. The total traded volume was 3,259,022 . The stock had closed at $115.79 on the previous day.
The company shares have rallied 10.04% from its 1 Year high price. On Jun 10, 2016, the shares registered one year high at $117.51 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $114.47 and the 200 Day Moving Average price is recorded at $108.00.
On the companys insider trading activities, The Securities and Exchange Commission has divulged that Mikkilineni Krishna, officer (SrVP, Engineering, Ops & IT) of Honeywell International Inc, had unloaded 13,000 shares at an average price of $114.1 in a transaction dated on May 27, 2016. The total value of the transaction was worth $1,483,300.
Many analysts have stated their opinion on the company shares. Equity analysts at the Brokerage firm UBS maintains its rating on Honeywell International (NYSE:HON). The rating major has initiated the coverage with neutral rating on the shares. The Analysts at UBS raises the price target from $105 per share to $115 per share. The rating by the firm was issued on June 6, 2016. Currently the company Insiders own 1.83% of Honeywell International shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -26.19% . Institutional Investors own 79.67% of Honeywell International shares. During last six month period, the net percent change held by insiders has seen a change of -67.21%.
Honeywell International Inc. (Honeywell) is a diversified technology and manufacturing company. The Company is engaged in serving customers across the world with aerospace products and services, turbochargers, control, sensing and security technologies for buildings, homes and industry, specialty chemicals, electronic and advanced materials, process technology for refining and petrochemicals, and energy efficient products and solutions for homes, business and transportation. The Company operates in segments: Aerospace, Automation and Control Solutions (ACS), and Performance Materials and Technologies (PMT). Its Aerospace segment is a supplier of aircraft engines, integrated avionics, systems and service solutions, and related products and services. ACS segment provides environmental and combustion controls, sensing controls, security and life safety products and services. Its PMT segment develops and manufactures advanced materials, process technologies and automation solutions.