Shares of Honeywell International Inc. (NYSE:HON) have been given an average recommendation of “Buy” by the nineteen analysts that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a hold rating and eighteen have given a buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $139.17.
A number of equities research analysts have issued reports on the company. Stifel Nicolaus upped their price objective on Honeywell International from $136.00 to $143.00 and gave the company a “buy” rating in a research report on Tuesday, April 25th. HSBC Holdings plc assumed coverage on Honeywell International in a research report on Wednesday, June 21st. They set a “buy” rating and a $147.00 price objective on the stock. Zacks Investment Research upgraded Honeywell International from a “hold” rating to a “buy” rating and set a $150.00 price objective on the stock in a research report on Wednesday, June 28th. Oppenheimer Holdings, Inc. restated an “outperform” rating and set a $148.00 price objective on shares of Honeywell International in a research report on Tuesday, April 25th. Finally, Credit Suisse Group restated a “hold” rating and set a $122.00 price objective on shares of Honeywell International in a research report on Friday, April 21st.
In other Honeywell International news, CFO Thomas A. Szlosek sold 803 shares of the stock in a transaction on Monday, July 31st. The stock was sold at an average price of $137.02, for a total transaction of $110,027.06. Following the sale, the chief financial officer now owns 5,702 shares of the company’s stock, valued at approximately $781,288.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Bradley T. Sheares sold 3,430 shares of the stock in a transaction on Friday, May 19th. The shares were sold at an average price of $131.71, for a total value of $451,765.30. Following the sale, the director now directly owns 8,731 shares in the company, valued at approximately $1,149,960.01. The disclosure for this sale can be found here. In the last three months, insiders sold 473,229 shares of company stock worth $64,546,642. 1.56% of the stock is owned by insiders.
A number of hedge funds have recently made changes to their positions in HON. Ameriprise Financial Inc. boosted its stake in shares of Honeywell International by 38.9% in the second quarter. Ameriprise Financial Inc. now owns 13,323,259 shares of the conglomerate’s stock valued at $1,776,394,000 after buying an additional 3,728,533 shares during the period. Clearbridge Investments LLC boosted its stake in shares of Honeywell International by 69.2% in the first quarter. Clearbridge Investments LLC now owns 5,171,598 shares of the conglomerate’s stock valued at $645,777,000 after buying an additional 2,114,627 shares during the period. Harbour Capital Advisors LLC boosted its stake in shares of Honeywell International by 13,551.7% in the second quarter. Harbour Capital Advisors LLC now owns 1,804,613 shares of the conglomerate’s stock valued at $13,539,000 after buying an additional 1,791,394 shares during the period. BlackRock Inc. boosted its stake in shares of Honeywell International by 2.8% in the second quarter. BlackRock Inc. now owns 45,038,036 shares of the conglomerate’s stock valued at $6,003,117,000 after buying an additional 1,207,893 shares during the period. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new stake in shares of Honeywell International during the fourth quarter valued at about $97,371,000. 76.43% of the stock is currently owned by institutional investors and hedge funds.
Honeywell International (NYSE:HON) traded down 0.11% during trading on Friday, reaching $137.09. The company had a trading volume of 954,348 shares. The company has a market capitalization of $104.27 billion, a PE ratio of 21.26 and a beta of 0.94. The firm’s 50 day moving average is $135.86 and its 200 day moving average is $129.28. Honeywell International has a one year low of $105.25 and a one year high of $140.21.
Honeywell International (NYSE:HON) last issued its quarterly earnings data on Friday, July 21st. The conglomerate reported $1.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.78 by $0.02. Honeywell International had a return on equity of 26.60% and a net margin of 12.68%. The business had revenue of $10.08 billion for the quarter, compared to the consensus estimate of $9.89 billion. During the same period in the prior year, the business posted $1.70 earnings per share. The company’s quarterly revenue was up .9% compared to the same quarter last year. On average, equities research analysts predict that Honeywell International will post $7.10 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 8th. Investors of record on Friday, August 18th will be paid a $0.665 dividend. The ex-dividend date is Wednesday, August 16th. This represents a $2.66 annualized dividend and a yield of 1.94%. Honeywell International’s dividend payout ratio (DPR) is currently 41.24%.
About Honeywell International
Honeywell International Inc is a technology and manufacturing company. The Company operates through four segments: Aerospace, Home and Building Technologies, Performance Materials and Technologies, and Safety and Productivity Solutions. The Company’s Aerospace segment supplies products, software and services for aircraft and vehicles that it sells to original equipment manufacturers (OEMs) and other customers.
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