Honeywell International Inc. (HON) Price Target Raised to $160.00
Honeywell International Inc. (NYSE:HON) had its target price upped by Argus from $152.00 to $160.00 in a report issued on Thursday morning, MarketBeat reports. They currently have a buy rating on the conglomerate’s stock.
Other analysts have also issued research reports about the company. HSBC Holdings plc started coverage on Honeywell International in a research report on Wednesday, June 21st. They set a buy rating and a $147.00 target price on the stock. BidaskClub upgraded Honeywell International from a hold rating to a buy rating in a research report on Sunday, August 6th. Cowen and Company reiterated a buy rating and set a $140.00 target price on shares of Honeywell International in a research report on Monday, July 17th. Jefferies Group LLC reiterated a buy rating and set a $155.00 target price (up from $141.00) on shares of Honeywell International in a research report on Monday, July 24th. Finally, Zacks Investment Research upgraded Honeywell International from a hold rating to a buy rating and set a $151.00 target price on the stock in a research report on Thursday, July 20th. One investment analyst has rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. The company has an average rating of Buy and an average price target of $149.52.
Shares of Honeywell International (NYSE:HON) traded up 0.13% on Thursday, reaching $143.37. 2,157,642 shares of the company traded hands. The firm’s 50 day moving average is $139.95 and its 200 day moving average is $134.43. The company has a market capitalization of $109.04 billion, a P/E ratio of 22.23 and a beta of 0.95. Honeywell International has a one year low of $107.41 and a one year high of $145.30.
Honeywell International (NYSE:HON) last posted its quarterly earnings data on Friday, July 21st. The conglomerate reported $1.80 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.78 by $0.02. Honeywell International had a return on equity of 26.60% and a net margin of 12.68%. The company had revenue of $10.08 billion during the quarter, compared to analyst estimates of $9.89 billion. During the same quarter last year, the company earned $1.70 EPS. The firm’s revenue for the quarter was up .9% on a year-over-year basis. Analysts expect that Honeywell International will post $7.09 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Friday, November 17th will be given a dividend of $0.745 per share. This represents a $2.98 annualized dividend and a dividend yield of 2.08%. The ex-dividend date is Thursday, November 16th. This is a positive change from Honeywell International’s previous quarterly dividend of $0.67. Honeywell International’s payout ratio is 41.24%.
In other Honeywell International news, VP Jennifer H. Mak sold 420 shares of the company’s stock in a transaction on Thursday, July 27th. The stock was sold at an average price of $136.66, for a total transaction of $57,397.20. Following the completion of the sale, the vice president now owns 1,363 shares in the company, valued at $186,267.58. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Timothy O. Mahoney sold 341,701 shares of the company’s stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $138.08, for a total value of $47,182,074.08. Following the sale, the insider now owns 294,155 shares of the company’s stock, valued at approximately $40,616,922.40. The disclosure for this sale can be found here. Insiders sold 354,108 shares of company stock valued at $48,886,463 in the last quarter. 1.56% of the stock is owned by company insiders.
Several hedge funds have recently modified their holdings of HON. Waldron LP increased its position in shares of Honeywell International by 70.0% in the 1st quarter. Waldron LP now owns 6,715 shares of the conglomerate’s stock valued at $826,000 after acquiring an additional 2,765 shares during the period. Beaumont Financial Partners LLC increased its position in shares of Honeywell International by 7.8% in the 1st quarter. Beaumont Financial Partners LLC now owns 3,347 shares of the conglomerate’s stock valued at $418,000 after acquiring an additional 241 shares during the period. North Star Investment Management Corp. increased its position in shares of Honeywell International by 0.7% in the 1st quarter. North Star Investment Management Corp. now owns 5,422 shares of the conglomerate’s stock valued at $677,000 after acquiring an additional 38 shares during the period. Central Bank & Trust Co. increased its position in shares of Honeywell International by 0.6% in the 1st quarter. Central Bank & Trust Co. now owns 39,606 shares of the conglomerate’s stock valued at $4,946,000 after acquiring an additional 238 shares during the period. Finally, Tufton Capital Management acquired a new position in shares of Honeywell International in the 1st quarter valued at $251,000. 75.77% of the stock is currently owned by institutional investors and hedge funds.
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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