Honeywell International Inc. (HON) Given Consensus Rating of “Buy” by Analysts
Shares of Honeywell International Inc. (NYSE:HON) have been given a consensus recommendation of “Buy” by the twenty ratings firms that are presently covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $164.64.
Several equities research analysts recently commented on HON shares. Argus lifted their target price on shares of Honeywell International from $160.00 to $170.00 and gave the stock a “buy” rating in a research report on Friday, December 22nd. Vertical Research reiterated a “buy” rating on shares of Honeywell International in a research report on Friday, October 20th. Cowen reiterated a “buy” rating and set a $150.00 target price on shares of Honeywell International in a research report on Thursday, October 19th. Deutsche Bank reiterated a “buy” rating and set a $171.00 target price on shares of Honeywell International in a research report on Tuesday, November 28th. Finally, Jefferies Group lifted their target price on shares of Honeywell International from $162.00 to $180.00 and gave the stock a “buy” rating in a research report on Thursday, December 14th.
Several institutional investors have recently added to or reduced their stakes in the stock. Hudock Capital Group LLC grew its stake in shares of Honeywell International by 0.3% in the 2nd quarter. Hudock Capital Group LLC now owns 4,041 shares of the conglomerate’s stock worth $538,000 after acquiring an additional 14 shares in the last quarter. Rowland & Co. Investment Counsel ADV increased its position in shares of Honeywell International by 0.4% in the second quarter. Rowland & Co. Investment Counsel ADV now owns 3,735 shares of the conglomerate’s stock worth $499,000 after purchasing an additional 14 shares during the last quarter. Jacobi Capital Management LLC increased its position in shares of Honeywell International by 0.6% in the second quarter. Jacobi Capital Management LLC now owns 2,800 shares of the conglomerate’s stock worth $377,000 after purchasing an additional 16 shares during the last quarter. Oliver Luxxe Assets LLC grew its position in Honeywell International by 0.5% during the second quarter. Oliver Luxxe Assets LLC now owns 4,664 shares of the conglomerate’s stock valued at $622,000 after acquiring an additional 21 shares during the last quarter. Finally, Bienville Capital Management LLC grew its position in Honeywell International by 1.0% during the second quarter. Bienville Capital Management LLC now owns 3,132 shares of the conglomerate’s stock valued at $417,000 after acquiring an additional 31 shares during the last quarter. Institutional investors own 76.08% of the company’s stock.
Honeywell International (NYSE:HON) last posted its earnings results on Friday, January 26th. The conglomerate reported $1.85 EPS for the quarter, topping the consensus estimate of $1.84 by $0.01. Honeywell International had a net margin of 4.08% and a return on equity of 27.27%. The business had revenue of $10.84 billion for the quarter, compared to the consensus estimate of $10.80 billion. During the same period last year, the company earned $1.74 EPS. The firm’s revenue was up 8.6% compared to the same quarter last year. equities analysts predict that Honeywell International will post 7.97 earnings per share for the current fiscal year.
Honeywell International declared that its board has initiated a share buyback plan on Friday, December 8th that authorizes the company to buyback $6.50 billion in outstanding shares. This buyback authorization authorizes the conglomerate to buy shares of its stock through open market purchases. Stock buyback plans are often a sign that the company’s leadership believes its shares are undervalued.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 9th. Stockholders of record on Friday, February 23rd will be given a $0.745 dividend. The ex-dividend date of this dividend is Thursday, February 22nd. This represents a $2.98 dividend on an annualized basis and a dividend yield of 2.00%. Honeywell International’s dividend payout ratio (DPR) is currently 69.63%.
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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