Honeywell International Inc. (HON) Receives $150.79 Average PT from Analysts
Honeywell International Inc. (NYSE:HON) has been given an average recommendation of “Buy” by the eighteen analysts that are presently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation and seventeen have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $150.79.
A number of research firms have issued reports on HON. Credit Suisse Group reaffirmed a “neutral” rating and issued a $150.00 target price (up previously from $141.00) on shares of Honeywell International in a report on Monday, October 23rd. Royal Bank of Canada raised their target price on Honeywell International from $148.00 to $156.00 and gave the company an “outperform” rating in a report on Monday, October 23rd. Vertical Research reaffirmed a “buy” rating on shares of Honeywell International in a report on Friday, October 20th. Cowen and Company reaffirmed a “buy” rating and issued a $150.00 target price on shares of Honeywell International in a report on Thursday, October 19th. Finally, Argus raised their target price on Honeywell International from $152.00 to $160.00 and gave the company a “buy” rating in a report on Thursday, October 12th.
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In related news, insider Rajeev Gautam sold 5,840 shares of Honeywell International stock in a transaction that occurred on Wednesday, August 23rd. The shares were sold at an average price of $136.68, for a total value of $798,211.20. Following the sale, the insider now owns 16,597 shares of the company’s stock, valued at approximately $2,268,477.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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 completion of the sale, the vice president now directly owns 104,998 shares in the company, valued at approximately $15,237,309.76. The disclosure for this sale can be found here. 1.56% of the stock is owned by corporate insiders.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Schulhoff & Co. Inc. grew its position in Honeywell International by 1.8% in the second quarter. Schulhoff & Co. Inc. now owns 11,440 shares of the conglomerate’s stock worth $1,524,000 after acquiring an additional 203 shares in the last quarter. DekaBank Deutsche Girozentrale raised its stake in shares of Honeywell International by 5.4% during the second quarter. DekaBank Deutsche Girozentrale now owns 217,832 shares of the conglomerate’s stock valued at $29,184,000 after acquiring an additional 11,091 shares during the last quarter. Edgestream Partners L.P. raised its stake in shares of Honeywell International by 331.4% during the first quarter. Edgestream Partners L.P. now owns 13,555 shares of the conglomerate’s stock valued at $1,693,000 after acquiring an additional 10,413 shares during the last quarter. Acadian Asset Management LLC raised its stake in shares of Honeywell International by 80.2% during the second quarter. Acadian Asset Management LLC now owns 33,290 shares of the conglomerate’s stock valued at $4,436,000 after acquiring an additional 14,816 shares during the last quarter. Finally, Buckingham Capital Management Inc. raised its stake in shares of Honeywell International by 3.1% during the first quarter. Buckingham Capital Management Inc. now owns 25,462 shares of the conglomerate’s stock valued at $3,179,000 after acquiring an additional 766 shares during the last quarter. Hedge funds and other institutional investors own 75.99% of the company’s stock.
Shares of Honeywell International (NYSE HON) traded up $0.31 during mid-day trading on Monday, reaching $145.75. The company’s stock had a trading volume of 2,908,100 shares, compared to its average volume of 2,708,909. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.09 and a current ratio of 1.35. Honeywell International has a 12 month low of $111.78 and a 12 month high of $147.51. The firm has a market cap of $110,799.50, a price-to-earnings ratio of 20.93, a P/E/G ratio of 2.23 and a beta of 0.97.
Honeywell International (NYSE:HON) last issued its quarterly earnings data on Friday, October 20th. The conglomerate reported $1.75 EPS for the quarter, meeting the Zacks’ consensus estimate of $1.75. The business had revenue of $10.12 billion for the quarter, compared to analyst estimates of $10.05 billion. Honeywell International had a return on equity of 26.26% and a net margin of 12.85%. The firm’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.60 EPS. sell-side analysts forecast that Honeywell International will post 7.06 earnings per share for the current fiscal year.
The firm also recently declared 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 dividend on an annualized basis and a yield of 2.04%. The ex-dividend date is Thursday, November 16th. This is an increase from Honeywell International’s previous quarterly dividend of $0.67. Honeywell International’s payout ratio is 40.30%.
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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