Honeywell International (NYSE: HON) has recently received a number of price target changes and ratings updates:

  • 9/28/2017 – Honeywell International had its “buy” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $155.00 price target on the stock.
  • 9/22/2017 – Honeywell International had its price target raised by analysts at Morgan Stanley from $145.00 to $149.00. They now have an “overweight” rating on the stock.
  • 9/21/2017 – Honeywell International was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $154.00 price target on the stock. According to Zacks, “Honeywell’s diversified business portfolio has the potential to earn consistent above-average returns and mitigate operating risks through a balanced organic and inorganic model. The company’s balanced mix of long- and short-cycle businesses, along with a decent organic growth in new products and expansion in high-growth regions augur well on a long-term perspective. A diligent focus on working capital management, free cash flow generation and a conservative balance sheet remain key positives. With a flexible yet disciplined focus on cost and productivity, Honeywell remains focused on increasing its presence in high-growth regions. The company also outperformed the industry year to date. However, adverse foreign currency translations, high R&D expenses to fend off competition and volatility in commodity prices are likely to peg back its growth momentum to some extent.”
  • 9/21/2017 – Honeywell International had its “buy” rating reaffirmed by analysts at Deutsche Bank AG. They now have a $154.00 price target on the stock.
  • 9/18/2017 – Honeywell International was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Honeywell’s diversified business portfolio has the potential to earn consistent above-average returns and mitigate operating risks through a balanced organic and inorganic model. A diligent focus on working capital management, free cash flow generation and a conservative balance sheet remain key positives. With a flexible yet disciplined focus on cost and productivity, Honeywell remains focused on increasing its presence in high-growth regions. The company also outperformed the industry year to date. However, adverse foreign currency translations, high R&D expenses to fend off competition and volatility in commodity prices are likely to peg back its growth momentum to some extent. Honeywell also expects a tepid demand pattern for its business jets and mobile scanners in 2017 due to sluggish global growth, volatility in crude oil prices and a tempered Chinese economy.”
  • 9/15/2017 – Honeywell International was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $154.00 price target on the stock. According to Zacks, “Honeywell’s diversified business portfolio has the potential to earn consistent above-average returns and mitigate operating risks through a balanced organic and inorganic model. A diligent focus on working capital management, free cash flow generation and a conservative balance sheet remain key positives. The company’s balanced mix of long- and short-cycle businesses, along with a decent organic growth in new products and expansion in high-growth regions augur well on a long-term perspective. With a flexible yet disciplined focus on cost and productivity, Honeywell remains focused on increasing its presence in high-growth regions. The company also outperformed the industry year to date. However, adverse foreign currency translations, high R&D expenses to fend off competition and volatility in commodity prices are likely to peg back its growth momentum to some extent.”
  • 8/30/2017 – Honeywell International was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Honeywell’s diversified business portfolio has the potential to earn consistent above-average returns and mitigate operating risks through a balanced organic and inorganic model. A diligent focus on working capital management, free cash flow generation and a conservative balance sheet remain key positives. With a flexible yet disciplined focus on cost and productivity, Honeywell remains focused on increasing its presence in high-growth regions. The company also outperformed the industry year to date. However, adverse foreign currency translations, high R&D expenses to fend off competition and volatility in commodity prices are likely to peg back its growth momentum to some extent. In addition, Honeywell is yet to witness signs of stabilization in some of its major end markets and expects a tepid demand pattern for its business jets and mobile scanners in 2017.”
  • 8/27/2017 – Honeywell International was given a new $148.00 price target on by analysts at Royal Bank Of Canada. They now have a “buy” rating on the stock.
  • 8/24/2017 – Honeywell International was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $153.00 price target on the stock. According to Zacks, “Honeywell’s diversified business portfolio has the potential to earn consistent above-average returns and mitigate operating risks through a balanced organic and inorganic model. A diligent focus on working capital management, free cash flow generation and a conservative balance sheet remain key positives. With a flexible yet disciplined focus on cost and productivity, Honeywell remains focused on increasing its presence in high-growth regions. Population growth, urbanization and infrastructure development continue to create attractive opportunities across its entire portfolio. Additionally the company is building a robust pipeline of new products. The company also outperformed the industry year to date. However, adverse foreign currency translations, high R&D expenses to fend off competition and volatility in commodity prices are likely to peg back its growth momentum to some extent.”
  • 8/23/2017 – Honeywell International was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Honeywell’s diversified business portfolio has the potential to earn consistent above-average returns and mitigate operating risks through a balanced organic and inorganic model. A diligent focus on working capital management, free cash flow generation and a conservative balance sheet remain key positives. With a flexible yet disciplined focus on cost and productivity, Honeywell remains focused on increasing its presence in high-growth regions. The company also outperformed the industry year to date. However, adverse foreign currency translations, high R&D expenses to fend off competition and volatility in commodity prices are likely to peg back its growth momentum to some extent. Honeywell expects a tepid demand pattern for its business jets and mobile scanners in 2017 due to sluggish global growth and a tempered Chinese economy. Consequently, the company projects 2017 revenues to be down 1% to up 2% year over year.”
  • 8/22/2017 – Honeywell International had its “buy” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $155.00 price target on the stock.
  • 8/17/2017 – Honeywell International was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $155.00 price target on the stock. According to Zacks, “Honeywell reported healthy second-quarter 2017 results, beating the Zacks Consensus Estimate by 1.1%. Honeywell’s diversified business portfolio has the potential to earn consistent above-average returns and mitigate operating risks through a balanced organic and inorganic model. A diligent focus on working capital management, free cash flow generation and a conservative balance sheet remain key positives. With a flexible yet disciplined focus on cost and productivity, Honeywell remains focused on increasing its presence in high-growth regions. The company also outperformed the industry year to date. However, adverse foreign currency translations, high R&D expenses to fend off competition and volatility in commodity prices related to the Brexit referendum are likely to peg back its growth momentum to some extent.”
  • 8/16/2017 – Honeywell International had its price target raised by analysts at Morgan Stanley from $141.00 to $145.00. They now have an “overweight” rating on the stock.
  • 8/14/2017 – Honeywell International was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Honeywell reported healthy second-quarter 2017 results, beating the Zacks Consensus Estimate by 1.1%. The company’s diversified business portfolio has the potential to earn consistent above-average returns and mitigate operating risks. With a flexible yet disciplined focus on cost and productivity, Honeywell remains focused on increasing its presence in high-growth regions. Additionally, the company is building a robust pipeline of new products and has regularly fine-tuned its portfolio to focus on core businesses. However, the company expects a tepid demand pattern for its business jets and mobile scanners in 2017 due to sluggish global growth, volatility in crude oil prices and a tempered Chinese economy. Adverse foreign currency translations and volatility in commodity prices related to Brexit are further likely to peg back its growth momentum. High R&D costs could also be a drag on its margin and affect profitability.”
  • 8/8/2017 – Honeywell International had its “outperform” rating reaffirmed by analysts at Cowen and Company. They now have a $150.00 price target on the stock, up previously from $140.00.
  • 8/6/2017 – Honeywell International was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.

Honeywell International Inc. (NYSE:HON) traded up 0.01% during trading on Tuesday, hitting $142.67. 2,240,867 shares of the stock were exchanged. The stock has a market cap of $108.51 billion, a P/E ratio of 22.12 and a beta of 0.95. The stock’s 50 day moving average price is $138.20 and its 200 day moving average price is $133.35. Honeywell International Inc. has a 12 month low of $105.25 and a 12 month high of $143.15. Honeywell International also was the recipient of unusually large options trading activity on Monday. Investors acquired 4,975 put options on the stock. This is an increase of 394% compared to the average volume of 1,008 put options.

Honeywell International (NYSE:HON) last posted its quarterly earnings results on Friday, July 21st. The conglomerate reported $1.80 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.78 by $0.02. Honeywell International had a net margin of 12.68% and a return on equity of 26.60%. The business had revenue of $10.08 billion during the quarter, compared to the consensus estimate of $9.89 billion. During the same quarter in the previous year, the firm posted $1.70 earnings per share. The company’s quarterly revenue was up .9% compared to the same quarter last year. Analysts forecast that Honeywell International Inc. will post $7.09 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Friday, November 17th will be issued a dividend of $0.745 per share. This is an increase 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 yield of 2.09%. Honeywell International’s dividend payout ratio is 41.24%.

In other Honeywell International news, insider Rajeev Gautam sold 5,840 shares of the 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 directly owns 16,597 shares of the company’s stock, valued at approximately $2,268,477.96. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Timothy O. Mahoney sold 341,701 shares of the firm’s stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $138.08, for a total transaction of $47,182,074.08. Following the completion of the sale, the insider now owns 294,155 shares in the company, valued at $40,616,922.40. The disclosure for this sale can be found here. Insiders sold a total of 354,108 shares of company stock worth $48,886,463 in the last ninety days. 1.56% of the stock is owned by corporate insiders.

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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