Honeywell International Inc. (HON) Hits New 12-Month High at $150.70
Honeywell International Inc. (NYSE:HON) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $150.70 and last traded at $149.66, with a volume of 1196200 shares traded. The stock had previously closed at $148.99.
A number of brokerages recently issued reports on HON. Cowen Inc reiterated a “buy” rating and set a $150.00 target price on shares of Honeywell International in a research report on Tuesday, October 10th. Vertical Research reiterated a “buy” rating on shares of Honeywell International in a research report on Friday, October 20th. Citigroup Inc. increased their target price on shares of Honeywell International from $155.00 to $170.00 and gave the stock a “buy” rating in a research report on Monday, October 9th. Jefferies Group LLC reiterated a “buy” rating and set a $155.00 target price on shares of Honeywell International in a research report on Tuesday, August 22nd. Finally, Royal Bank Of Canada set a $148.00 target price on shares of Honeywell International and gave the stock a “buy” rating in a research report on Sunday, August 27th. One investment analyst has rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $150.79.
The company has a current ratio of 1.35, a quick ratio of 1.09 and a debt-to-equity ratio of 0.54. The firm has a market cap of $114,010.00, a PE ratio of 21.53, a price-to-earnings-growth ratio of 2.30 and a beta of 0.97.
Honeywell International (NYSE:HON) last posted its quarterly earnings data on Friday, October 20th. The conglomerate reported $1.75 earnings per share for the quarter, meeting the consensus estimate of $1.75. Honeywell International had a net margin of 12.85% and a return on equity of 26.26%. The firm had revenue of $10.12 billion during the quarter, compared to analysts’ expectations of $10.05 billion. During the same quarter last year, the company posted $1.60 EPS. The company’s quarterly revenue was up 3.2% compared to the same quarter last year. analysts predict that Honeywell International Inc. will post 7.06 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Friday, November 17th will be given a dividend of $0.745 per share. This is a boost from Honeywell International’s previous quarterly dividend of $0.67. The ex-dividend date is Thursday, November 16th. This represents a $2.98 annualized dividend and a dividend yield of 1.99%. Honeywell International’s payout ratio is currently 45.15%.
In other news, Director Bradley T. Sheares sold 1,328 shares of Honeywell International stock in a transaction that occurred on Thursday, November 9th. The shares were sold at an average price of $146.41, for a total transaction of $194,432.48. Following the completion of the sale, the director now owns 4,002 shares in the company, valued at approximately $585,932.82. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Krishna Mikkilineni sold 13,074 shares of Honeywell International stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $145.12, for a total transaction of $1,897,298.88. Following the sale, the vice president now owns 104,998 shares of the company’s stock, valued at approximately $15,237,309.76. The disclosure for this sale can be found here. 1.56% of the stock is owned by insiders.
A number of institutional investors have recently added to or reduced their stakes in HON. Toronto Dominion Bank boosted its stake in Honeywell International by 55.3% during the 1st quarter. Toronto Dominion Bank now owns 208,015 shares of the conglomerate’s stock worth $25,972,000 after acquiring an additional 74,037 shares during the last quarter. Scout Investments Inc. bought a new position in Honeywell International during the 1st quarter worth approximately $309,000. Warren Averett Asset Management LLC bought a new position in Honeywell International during the 1st quarter worth approximately $743,000. Harel Insurance Investments & Financial Services Ltd. bought a new position in Honeywell International in the first quarter valued at approximately $287,000. Finally, Marble Harbor Investment Counsel LLC bought a new position in Honeywell International in the first quarter valued at approximately $213,000. 75.20% of the stock is currently owned by institutional investors and hedge funds.
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About Honeywell International
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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