Honeywell International Inc. (NASDAQ:HON) Given Average Recommendation of “Hold” by Analysts

Shares of Honeywell International Inc. (NASDAQ:HON) have earned an average rating of “Hold” from the eight brokerages that are presently covering the company, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $223.13.

Several brokerages have weighed in on HON. Morgan Stanley began coverage on Honeywell International in a research report on Friday, September 6th. They set an “equal weight” rating and a $210.00 price target on the stock. StockNews.com downgraded Honeywell International from a “buy” rating to a “hold” rating in a research report on Friday, August 30th. UBS Group upgraded Honeywell International from a “sell” rating to a “neutral” rating and raised their target price for the company from $175.00 to $215.00 in a research report on Monday, June 10th. Wells Fargo & Company dropped their target price on Honeywell International from $220.00 to $215.00 and set an “equal weight” rating on the stock in a research report on Friday, July 26th. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $214.00 target price on shares of Honeywell International in a research report on Thursday, September 26th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Exencial Wealth Advisors LLC raised its stake in Honeywell International by 31.2% during the fourth quarter. Exencial Wealth Advisors LLC now owns 2,387 shares of the conglomerate’s stock worth $501,000 after purchasing an additional 567 shares during the period. Morningstar Investment Services LLC purchased a new position in Honeywell International during the fourth quarter worth approximately $463,000. Prudential PLC raised its stake in Honeywell International by 2.7% during the fourth quarter. Prudential PLC now owns 26,302 shares of the conglomerate’s stock worth $5,516,000 after purchasing an additional 702 shares during the period. Waterloo Capital L.P. purchased a new position in Honeywell International during the fourth quarter worth approximately $659,000. Finally, Vermillion & White Wealth Management Group LLC purchased a new position in Honeywell International during the fourth quarter worth approximately $55,000. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Honeywell International Trading Up 0.4 %

Shares of NASDAQ HON opened at $203.78 on Friday. The business’s 50 day moving average is $202.78 and its two-hundred day moving average is $203.89. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.21 and a quick ratio of 0.91. Honeywell International has a 1-year low of $174.88 and a 1-year high of $220.79. The stock has a market capitalization of $132.70 billion, a P/E ratio of 23.61, a PEG ratio of 2.32 and a beta of 1.03.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings results on Thursday, July 25th. The conglomerate reported $2.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.42 by $0.07. The firm had revenue of $9.58 billion during the quarter, compared to analyst estimates of $9.41 billion. Honeywell International had a return on equity of 36.87% and a net margin of 15.49%. Honeywell International’s quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.23 earnings per share. As a group, research analysts expect that Honeywell International will post 10.11 EPS for the current year.

Honeywell International Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 15th will be paid a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.22%. This is a positive change from Honeywell International’s previous quarterly dividend of $1.08. The ex-dividend date of this dividend is Friday, November 15th. Honeywell International’s payout ratio is 52.38%.

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.