Honeywell International Inc. (NASDAQ:HON) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Honeywell International Inc. (NASDAQ:HON) has earned an average recommendation of “Moderate Buy” from the seventeen analysts that are presently covering the firm, Marketbeat reports. Nine investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $248.71.

HON has been the topic of a number of research analyst reports. Hsbc Global Res raised Honeywell International to a “strong-buy” rating in a report on Wednesday, December 11th. Deutsche Bank Aktiengesellschaft raised shares of Honeywell International from a “hold” rating to a “buy” rating and raised their price target for the company from $236.00 to $260.00 in a research note on Friday, February 7th. Royal Bank of Canada reduced their price objective on shares of Honeywell International from $253.00 to $236.00 and set a “sector perform” rating on the stock in a research note on Friday, February 7th. Barclays lowered their target price on Honeywell International from $260.00 to $251.00 and set an “overweight” rating for the company in a research report on Monday, February 10th. Finally, HSBC upgraded Honeywell International from a “hold” rating to a “buy” rating and set a $290.00 price target on the stock in a research report on Wednesday, December 11th.

Honeywell International Price Performance

Honeywell International stock opened at $208.00 on Wednesday. The firm has a market cap of $135.18 billion, a PE ratio of 23.88, a price-to-earnings-growth ratio of 2.51 and a beta of 1.05. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.31 and a quick ratio of 1.01. The stock’s fifty day moving average price is $217.85 and its two-hundred day moving average price is $216.14. Honeywell International has a one year low of $189.75 and a one year high of $242.77.

Honeywell International (NASDAQ:HON) last issued its quarterly earnings results on Thursday, February 6th. The conglomerate reported $2.47 EPS for the quarter, topping analysts’ consensus estimates of $2.37 by $0.10. Honeywell International had a return on equity of 35.78% and a net margin of 14.82%. As a group, research analysts expect that Honeywell International will post 10.34 EPS for the current fiscal year.

Honeywell International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be paid a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a yield of 2.17%. The ex-dividend date is Friday, February 28th. Honeywell International’s dividend payout ratio is presently 51.89%.

Insider Buying and Selling at Honeywell International

In other Honeywell International news, VP Anne T. Madden sold 28,885 shares of the firm’s stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $207.89, for a total value of $6,004,902.65. Following the completion of the sale, the vice president now owns 41,580 shares of the company’s stock, valued at approximately $8,644,066.20. This trade represents a 40.99 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.41% of the company’s stock.

Hedge Funds Weigh In On Honeywell International

A number of institutional investors have recently modified their holdings of the company. Valmark Advisers Inc. raised its holdings in Honeywell International by 1.0% during the fourth quarter. Valmark Advisers Inc. now owns 4,641 shares of the conglomerate’s stock worth $1,048,000 after buying an additional 45 shares during the last quarter. ZWJ Investment Counsel Inc. increased its position in shares of Honeywell International by 3.4% during the fourth quarter. ZWJ Investment Counsel Inc. now owns 1,448 shares of the conglomerate’s stock worth $327,000 after acquiring an additional 47 shares in the last quarter. Saxony Capital Management LLC raised its holdings in shares of Honeywell International by 4.0% in the 4th quarter. Saxony Capital Management LLC now owns 1,225 shares of the conglomerate’s stock worth $277,000 after acquiring an additional 47 shares during the last quarter. Magnus Financial Group LLC lifted its position in Honeywell International by 0.5% in the 4th quarter. Magnus Financial Group LLC now owns 8,936 shares of the conglomerate’s stock valued at $2,019,000 after acquiring an additional 48 shares in the last quarter. Finally, Bill Few Associates Inc. increased its holdings in Honeywell International by 0.3% during the 4th quarter. Bill Few Associates Inc. now owns 15,601 shares of the conglomerate’s stock worth $3,524,000 after purchasing an additional 49 shares in the last quarter. 75.91% of the stock is owned by institutional investors and hedge funds.

About Honeywell International

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.