Honeywell International (NASDAQ:HON) Price Target Raised to $245.00

Honeywell International (NASDAQ:HON) had its target price hoisted by Jefferies Financial Group from $240.00 to $245.00 in a research report sent to investors on Wednesday, MarketBeat.com reports. They currently have a hold rating on the conglomerate’s stock.

A number of other brokerages have also recently weighed in on HON. Sanford C. Bernstein set a $255.00 target price on Honeywell International in a report on Friday, January 16th. Vertical Research downgraded Honeywell International from a “buy” rating to a “hold” rating and set a $220.00 price objective on the stock. in a report on Monday, January 5th. Wall Street Zen raised Honeywell International to a “hold” rating in a research note on Saturday, January 3rd. BNP Paribas Exane boosted their target price on Honeywell International from $195.00 to $215.00 and gave the stock a “neutral” rating in a report on Monday, February 2nd. Finally, The Goldman Sachs Group increased their target price on shares of Honeywell International from $236.00 to $262.00 and gave the stock a “buy” rating in a research report on Monday, February 23rd. Twelve investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $251.22.

Honeywell International Stock Performance

NASDAQ:HON opened at $235.29 on Wednesday. The company has a quick ratio of 1.03, a current ratio of 1.30 and a debt-to-equity ratio of 1.81. The company has a market cap of $149.57 billion, a P/E ratio of 29.45, a P/E/G ratio of 3.45 and a beta of 0.92. Honeywell International has a fifty-two week low of $169.21 and a fifty-two week high of $248.18. The firm’s 50 day moving average is $225.66 and its two-hundred day moving average is $211.78.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings results on Thursday, January 29th. The conglomerate reported $2.59 earnings per share for the quarter, beating analysts’ consensus estimates of $2.54 by $0.05. The company had revenue of $10.07 billion for the quarter, compared to analyst estimates of $9.60 billion. Honeywell International had a net margin of 12.74% and a return on equity of 40.64%. Honeywell International’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same quarter last year, the business earned $2.47 EPS. Analysts expect that Honeywell International will post 10.34 EPS for the current year.

Honeywell International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, February 27th will be given a dividend of $1.19 per share. The ex-dividend date of this dividend is Friday, February 27th. This represents a $4.76 annualized dividend and a yield of 2.0%. Honeywell International’s payout ratio is 59.57%.

Insider Buying and Selling

In other Honeywell International news, VP Robert D. Mailloux sold 10,549 shares of the stock in a transaction that occurred on Friday, January 30th. The shares were sold at an average price of $229.00, for a total value of $2,415,721.00. Following the completion of the sale, the vice president owned 4,803 shares of the company’s stock, valued at $1,099,887. This trade represents a 68.71% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director D Scott Davis sold 2,367 shares of Honeywell International stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $240.00, for a total transaction of $568,080.00. Following the sale, the director owned 31,081 shares in the company, valued at $7,459,440. This represents a 7.08% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 18,190 shares of company stock valued at $4,244,287. 0.20% of the stock is owned by company insiders.

Institutional Investors Weigh In On Honeywell International

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of Honeywell International by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 63,161,731 shares of the conglomerate’s stock worth $12,322,222,000 after acquiring an additional 1,027,413 shares during the last quarter. J. Stern & Co. LLP boosted its holdings in Honeywell International by 22,704.6% in the fourth quarter. J. Stern & Co. LLP now owns 53,209,042 shares of the conglomerate’s stock valued at $10,380,552,000 after purchasing an additional 52,975,716 shares during the last quarter. State Street Corp boosted its holdings in Honeywell International by 3.4% in the fourth quarter. State Street Corp now owns 31,677,082 shares of the conglomerate’s stock valued at $6,179,882,000 after purchasing an additional 1,031,897 shares during the last quarter. Morgan Stanley grew its stake in Honeywell International by 4.7% during the 4th quarter. Morgan Stanley now owns 19,425,421 shares of the conglomerate’s stock valued at $3,789,706,000 after purchasing an additional 879,309 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in Honeywell International by 0.8% during the 4th quarter. Geode Capital Management LLC now owns 15,716,647 shares of the conglomerate’s stock worth $3,066,520,000 after purchasing an additional 120,929 shares during the last quarter. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Honeywell International Company Profile

Honeywell International Inc is a diversified, publicly traded multinational conglomerate (NASDAQ: HON) that designs and manufactures a wide range of commercial and consumer products, engineering services and aerospace systems. The company operates through major business platforms that historically include Aerospace; Building Technologies; Performance Materials and Technologies; and Safety and Productivity Solutions. Its portfolio spans avionics and propulsion systems, building controls and HVAC equipment, process technologies and advanced materials, industrial automation software, and personal protective equipment and scanning solutions.

Honeywell’s aerospace business supplies aircraft manufacturers and operators with engines and auxiliary power units, avionics, flight safety systems and aftermarket services.