Cowen and Company reissued their buy rating on shares of Honeywell International Inc. (NYSE:HON) in a report released on Tuesday. Cowen and Company currently has a $150.00 price target on the conglomerate’s stock.
A number of other brokerages also recently issued reports on HON. Citigroup Inc. increased their target price on Honeywell International from $155.00 to $170.00 and gave the stock a buy rating in a research note on Monday. Morgan Stanley increased their target price on Honeywell International from $145.00 to $149.00 and gave the stock an overweight rating in a research note on Friday, September 22nd. BidaskClub raised Honeywell International from a hold rating to a buy rating in a research note on Sunday, August 6th. Jefferies Group LLC reissued a buy rating and set a $155.00 target price on shares of Honeywell International in a research note on Thursday, September 28th. Finally, Zacks Investment Research downgraded Honeywell International from a buy rating to a hold rating in a research note on Monday, September 18th. One research analyst has rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. The company currently has an average rating of Buy and a consensus target price of $149.52.
Honeywell International (NYSE:HON) last issued its earnings results on Friday, July 21st. The conglomerate reported $1.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.78 by $0.02. The business had revenue of $10.08 billion during the quarter, compared to the consensus estimate of $9.89 billion. Honeywell International had a return on equity of 26.60% and a net margin of 12.68%. The company’s revenue for the quarter was up .9% on a year-over-year basis. During the same period in the prior year, the business posted $1.70 EPS.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Friday, November 17th will be given a $0.745 dividend. This is a positive change from Honeywell International’s previous quarterly dividend of $0.67. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $2.98 annualized dividend and a yield of 2.08%. Honeywell International’s payout ratio is 41.24%.
In other Honeywell International news, CFO Thomas A. Szlosek sold 803 shares of Honeywell International stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $137.02, for a total transaction of $110,027.06. Following the transaction, the chief financial officer now directly owns 5,702 shares in the company, valued at approximately $781,288.04. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Jennifer H. Mak sold 420 shares of Honeywell International stock in a transaction that occurred on Thursday, July 27th. The stock was sold at an average price of $136.66, for a total transaction of $57,397.20. Following the transaction, the vice president now owns 1,363 shares in the company, valued at $186,267.58. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 354,108 shares of company stock worth $48,886,463. Corporate insiders own 1.56% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Hanson McClain Inc. grew its position in Honeywell International by 0.4% during the 1st quarter. Hanson McClain Inc. now owns 810 shares of the conglomerate’s stock worth $101,000 after purchasing an additional 3 shares in the last quarter. Addison Capital Co grew its position in Honeywell International by 0.3% during the 2nd quarter. Addison Capital Co now owns 2,643 shares of the conglomerate’s stock worth $352,000 after purchasing an additional 7 shares in the last quarter. Weatherly Asset Management L. P. grew its position in Honeywell International by 0.3% during the 1st quarter. Weatherly Asset Management L. P. now owns 2,496 shares of the conglomerate’s stock worth $312,000 after purchasing an additional 8 shares in the last quarter. Keel Point LLC grew its position in Honeywell International by 0.3% during the 1st quarter. Keel Point LLC now owns 3,487 shares of the conglomerate’s stock worth $435,000 after purchasing an additional 10 shares in the last quarter. Finally, Hudock Capital Group LLC grew its position in Honeywell International by 0.3% during the 2nd quarter. Hudock Capital Group LLC now owns 4,041 shares of the conglomerate’s stock worth $538,000 after purchasing an additional 14 shares in the last quarter. Hedge funds and other institutional investors own 75.77% of the company’s stock.
Honeywell International Company Profile
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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