Honeywell International Inc. (NASDAQ:HON) Receives Consensus Rating of “Hold” from Brokerages

Shares of Honeywell International Inc. (NASDAQ:HON) have been given an average rating of “Hold” by the seven research firms that are covering the firm, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $224.75.

A number of brokerages have recently commented on HON. UBS Group upgraded shares of Honeywell International from a “sell” rating to a “neutral” rating and boosted their target price for the company from $175.00 to $215.00 in a report on Monday, June 10th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $215.00 price target (down previously from $227.00) on shares of Honeywell International in a research note on Tuesday, April 16th. Berenberg Bank upgraded shares of Honeywell International from a “hold” rating to a “buy” rating and upped their price target for the stock from $195.00 to $240.00 in a research note on Wednesday, March 6th. StockNews.com upgraded shares of Honeywell International from a “hold” rating to a “buy” rating in a research note on Wednesday, May 15th. Finally, Citigroup upped their price target on shares of Honeywell International from $243.00 to $244.00 and gave the stock a “buy” rating in a research note on Tuesday, June 4th.

Honeywell International Stock Up 0.4 %

Shares of Honeywell International stock opened at $214.38 on Friday. The company has a current ratio of 1.66, a quick ratio of 1.28 and a debt-to-equity ratio of 1.30. The company’s fifty day simple moving average is $202.99 and its two-hundred day simple moving average is $201.25. The company has a market cap of $139.60 billion, a P/E ratio of 24.84, a PEG ratio of 2.22 and a beta of 1.03. Honeywell International has a 12-month low of $174.88 and a 12-month high of $218.36.

Honeywell International (NASDAQ:HON) last issued its quarterly earnings data on Thursday, April 25th. The conglomerate reported $2.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.17 by $0.08. The business had revenue of $9.11 billion for the quarter, compared to the consensus estimate of $9.03 billion. Honeywell International had a net margin of 15.52% and a return on equity of 35.88%. The company’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.07 EPS. Research analysts anticipate that Honeywell International will post 10.23 EPS for the current year.

Honeywell International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 7th. Investors of record on Friday, May 17th were issued a $1.08 dividend. This represents a $4.32 annualized dividend and a yield of 2.02%. The ex-dividend date was Thursday, May 16th. Honeywell International’s dividend payout ratio is 50.06%.

Insider Buying and Selling

In other Honeywell International news, Director Darius Adamczyk sold 28,500 shares of the stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $203.96, for a total transaction of $5,812,860.00. Following the completion of the sale, the director now directly owns 203,510 shares of the company’s stock, valued at approximately $41,507,899.60. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, Director Darius Adamczyk sold 28,500 shares of the stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $203.96, for a total transaction of $5,812,860.00. Following the completion of the transaction, the director now directly owns 203,510 shares in the company, valued at approximately $41,507,899.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Gregory P. Lewis sold 25,209 shares of the stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $193.06, for a total value of $4,866,849.54. Following the transaction, the chief financial officer now owns 55,471 shares of the company’s stock, valued at $10,709,231.26. The disclosure for this sale can be found here. 0.41% of the stock is currently owned by insiders.

Institutional Trading of Honeywell International

A number of institutional investors have recently bought and sold shares of HON. Industrial Alliance Investment Management Inc. increased its stake in Honeywell International by 1,205.8% in the third quarter. Industrial Alliance Investment Management Inc. now owns 3,395 shares of the conglomerate’s stock worth $627,000 after purchasing an additional 3,135 shares during the period. Jag Capital Management LLC increased its stake in shares of Honeywell International by 40.8% during the third quarter. Jag Capital Management LLC now owns 1,619 shares of the conglomerate’s stock valued at $299,000 after buying an additional 469 shares during the period. Torray Investment Partners LLC increased its stake in shares of Honeywell International by 0.3% during the fourth quarter. Torray Investment Partners LLC now owns 58,708 shares of the conglomerate’s stock valued at $12,312,000 after buying an additional 190 shares during the period. Shulman DeMeo Asset Management LLC increased its stake in shares of Honeywell International by 11.1% during the fourth quarter. Shulman DeMeo Asset Management LLC now owns 1,686 shares of the conglomerate’s stock valued at $354,000 after buying an additional 169 shares during the period. Finally, Boyd Watterson Asset Management LLC OH increased its stake in shares of Honeywell International by 0.3% during the fourth quarter. Boyd Watterson Asset Management LLC OH now owns 26,817 shares of the conglomerate’s stock valued at $5,624,000 after buying an additional 89 shares during the period. 75.91% of the stock is currently owned by institutional investors.

Honeywell International Company Profile

Honeywell International Inc engages in the aerospace technologies, building automation, energy and sustainable solutions, and industrial automation businesses in the United States, Europe, and internationally. The company's Aerospace segment offers auxiliary power units, propulsion engines, integrated avionics, environmental control and electric power systems, engine controls, flight safety, communications, navigation hardware, data and software applications, radar and surveillance systems, aircraft lighting, advanced systems and instruments, satellite and space components, and aircraft wheels and brakes; spare parts; repair, overhaul, and maintenance services; and thermal systems, as well as wireless connectivity services.