Honeywell International Inc. (NASDAQ:HON – Get Rating) has been awarded a consensus recommendation of “Hold” by the sixteen brokerages that cover the company, reports MarketBeat.com. Seven investment analysts rated the stock with a hold recommendation and five gave the company a buy recommendation. The year-over-year average target price among brokers who updated their coverage on the stock in the last year is $225.93.
Several analysts have released reports on the stock. Wells Fargo & Company raised its price target on shares of Honeywell International from $196.00 to $203.00 in a Monday, May 2 research report. Zacks Investment Research moved shares of Honeywell International from a “sell” rating to a “hold” rating and set a price target of $203.00 on the stock in a research report on Tuesday, March 22. UBS Group lowered its price target on shares of Honeywell International from $237.00 to $220.00 and set a “buy” rating on the stock in a Tuesday, February 15 research report. TheStreet downgraded shares of Honeywell International from a “b” rating to a “c+” rating in a Friday, April 29 research report. Finally, Citigroup raised its price target on shares of Honeywell International from $229.00 to $232.00 in a Monday, May 2 research report.
Separately, CEO Darius Adamczyk sold 40,000 shares in a trade dated Tuesday, May 10. The shares were sold at an average price of $194.52, for a total value of $7,780,800.00. Following completion of the transaction, the CEO now owns 165,015 shares of the company, valued at $32,098,717.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, accessible via this hyperlink. Company insiders own 0.45% of the company’s shares.
Hedge funds and other institutional investors have recently changed their stock holdings. Fisher Asset Management LLC increased its stake in Honeywell International by 24.9% in the fourth quarter. Fisher Asset Management LLC now owns 186,654 shares of the conglomerate valued at $38,919,000 after purchasing an additional 37,270 shares in the last quarter. Dixon Hughes Goodman Wealth Advisors LLC bought a new position in Honeywell International in Q4, valued at around $134,000. NN Investment Partners Holdings NV increased its stake in Honeywell International by 10.0% in the 4th quarter. NN Investment Partners Holdings NV now owns 37,444 shares of the conglomerate valued at $7,807,000 after buying an additional 3,400 shares in the last quarter. Enterprise Bank & Trust Co increased its stake in Honeywell International by 4.3% in the fourth quarter. Enterprise Bank & Trust Co now owns 14,341 shares of the conglomerate worth $2,990,000 after buying 593 more shares in the last quarter. Finally, Edge Capital Group LLC increased its stake in Honeywell International by 156.2% during the 4th quarter. Edge Capital Group LLC now owns 60,806 shares of the conglomerate worth $12,679,000 after purchasing an additional 37,070 shares in the last quarter. Institutional investors and hedge funds own 74.27% of the company’s shares.
Honeywell International stock opened Thursday at $194.52. The stock has a market capitalization of $132.42 billion, a PE ratio of 25.83, a growth price-earnings ratio of 2.33 and a beta of 1.05. Honeywell International has a 12-month low of $174.42 and a 12-month high of $236.86. The company has a quick ratio of 0.94, a current ratio of 1.21 and a debt ratio of 0.66. The company has a 50-day moving average of $193.81 and a 200-day moving average of $195.66.
Honeywell International (NASDAQ:HON – Get Rating) last released its quarterly results on Friday, April 29. The conglomerate reported earnings per share of $1.91 for the quarter, beating the consensus estimate of $1.86 by $0.05. The company posted revenue of $8.38 billion in the quarter, compared to analysts’ expectations of $8.29 billion. Honeywell International had a net margin of 15.30% and a return on equity of 30.04%. The company’s quarterly revenue fell 0.9% from the same quarter last year. In the same quarter of the previous year, the company had earned earnings per share of $1.92. Equity analysts expect Honeywell International to post an EPS of 8.68 for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, June 3. Shareholders of record on Friday, May 13 received a dividend of $0.98 per share. The ex-dividend date was Thursday, May 12. This represents a dividend of $3.92 on an annualized basis and a yield of 2.02%. Honeywell International’s payout ratio is 52.06%.
Honeywell International Company Profile (Get an evaluation)
Honeywell International Inc operates as a diversified technology and manufacturing company around the world. Its Aerospace segment offers auxiliary power units, propulsion engines, integrated avionics, environmental control and power systems, engine controls, flight safety, communications, navigation equipment, applications data and software, radar and surveillance systems, aircraft lighting, advanced systems and instruments, satellite and space components, aircraft wheels and brakes; spare parts; repair, overhaul and maintenance services; thermal systems, as well as wireless connectivity and management services.
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