Honeywell International Inc. (HON) Given Average Recommendation of “Buy” by Analysts
Shares of Honeywell International Inc. (NYSE:HON) have received a consensus recommendation of “Buy” from the twenty-three brokerages that are currently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and eighteen have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $172.56.
HON has been the subject of several research analyst reports. Gordon Haskett initiated coverage on Honeywell International in a research report on Friday, October 12th. They set a “buy” rating for the company. Zacks Investment Research cut Honeywell International from a “buy” rating to a “hold” rating in a research report on Monday, July 30th. Deutsche Bank set a $166.00 price objective on shares of Honeywell International and gave the company a “buy” rating in a report on Thursday, July 12th. UBS Group increased their price objective on shares of Honeywell International from $180.00 to $190.00 and gave the company a “buy” rating in a report on Thursday, August 30th. Finally, Credit Suisse Group started coverage on shares of Honeywell International in a report on Friday, October 12th. They set a “neutral” rating and a $170.00 price objective for the company.
Shares of HON stock opened at $146.86 on Tuesday. Honeywell International has a 52-week low of $139.51 and a 52-week high of $167.72. The company has a quick ratio of 1.20, a current ratio of 1.49 and a debt-to-equity ratio of 0.76. The firm has a market capitalization of $112.98 billion, a price-to-earnings ratio of 20.66, a price-to-earnings-growth ratio of 1.81 and a beta of 1.00.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 7th. Shareholders of record on Friday, November 16th will be issued a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a yield of 2.23%. The ex-dividend date of this dividend is Thursday, November 15th. This is a boost from Honeywell International’s previous quarterly dividend of $0.75. Honeywell International’s dividend payout ratio (DPR) is currently 41.91%.
In related news, Director Linnet F. Deily sold 3,066 shares of the firm’s stock in a transaction on Monday, July 30th. The shares were sold at an average price of $158.12, for a total value of $484,795.92. Following the completion of the transaction, the director now directly owns 11,787 shares of the company’s stock, valued at $1,863,760.44. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 1.33% of the company’s stock.
Several hedge funds have recently bought and sold shares of the stock. Bank of Montreal Can purchased a new position in Honeywell International in the second quarter worth about $104,007,000. Chevy Chase Trust Holdings Inc. purchased a new position in Honeywell International in the second quarter worth about $91,840,000. Gateway Investment Advisers LLC purchased a new position in shares of Honeywell International in the 2nd quarter worth approximately $78,997,000. Calamos Advisors LLC purchased a new position in shares of Honeywell International in the 2nd quarter worth approximately $56,167,000. Finally, Renaissance Technologies LLC boosted its holdings in shares of Honeywell International by 64.0% in the 2nd quarter. Renaissance Technologies LLC now owns 990,300 shares of the conglomerate’s stock worth $142,653,000 after purchasing an additional 386,300 shares during the period. 74.81% of the stock is owned by hedge funds and other institutional investors.
Honeywell International Company Profile
Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. It operates through four segments: Aerospace; Home and Building Technologies; Performance Materials and Technologies; and Safety and Productivity Solutions. The Aerospace segment supplies products, software, and services for aircraft and vehicles that it sells to original equipment manufacturers and other customers in various markets, including air transport, regional, business and general aviation aircraft, airlines, aircraft operators, defense and space contractors, and automotive and truck manufacturers.
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