News coverage about Honeywell International (NYSE:HON) has trended somewhat positive this week, Accern Sentiment Analysis reports. The research group scores the sentiment of news coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Honeywell International earned a coverage optimism score of 0.18 on Accern’s scale. Accern also gave news articles about the conglomerate an impact score of 46.2558372625012 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Here are some of the media headlines that may have effected Accern’s analysis:
- AD: Honeywell International Inc. Turbofan Engines (aero-news.net)
- Honeywell Spectra Shield® Material Helps Reduce Weight Of Ballistic Handheld Shields By As Much As 20 Percent (finance.yahoo.com)
- Honeywell To Provide Cryogenic Gas Processing Plant To Cardinal Midstream III, LLC (finance.yahoo.com)
- Investor’s Roundup (Volatility Analysis) – Honeywell International Inc (NYSE: HON) – Stocks Pen (stockspen.com)
- Global Control Valves Market 2018 – Honeywell International Inc … – Digital Journal (digitaljournal.com)
A number of research analysts recently issued reports on the company. Stifel Nicolaus reiterated a “buy” rating and issued a $165.00 target price on shares of Honeywell International in a report on Friday, February 16th. Barclays assumed coverage on Honeywell International in a report on Thursday, February 15th. They issued an “overweight” rating and a $170.00 target price for the company. ValuEngine upgraded Honeywell International from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. TheStreet lowered Honeywell International from an “a+” rating to a “c+” rating in a report on Friday, January 26th. Finally, Robert W. Baird reiterated a “buy” rating and issued a $187.00 target price on shares of Honeywell International in a report on Friday, January 26th. Three equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $165.67.
Honeywell International (NYSE:HON) last posted its quarterly earnings results on Friday, January 26th. The conglomerate reported $1.85 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.84 by $0.01. Honeywell International had a return on equity of 27.27% and a net margin of 4.08%. The company had revenue of $10.84 billion for the quarter, compared to analysts’ expectations of $10.80 billion. During the same period last year, the firm earned $1.74 earnings per share. Honeywell International’s quarterly revenue was up 8.6% on a year-over-year basis. analysts anticipate that Honeywell International will post 7.97 earnings per share for the current year.
Honeywell International announced that its board has authorized a share buyback plan on Friday, December 8th that allows the company to repurchase $6.50 billion in outstanding shares. This repurchase authorization allows the conglomerate to purchase shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board of directors believes its shares are undervalued.
The firm also recently declared a quarterly dividend, which was paid on Friday, March 9th. Shareholders of record on Friday, February 23rd were paid a $0.745 dividend. This represents a $2.98 dividend on an annualized basis and a yield of 1.97%. The ex-dividend date of this dividend was Thursday, February 22nd. Honeywell International’s dividend payout ratio is presently 69.63%.
In other Honeywell International news, Director Jaime Chico /Fa Pardo sold 2,868 shares of the firm’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $156.36, for a total value of $448,440.48. Following the sale, the director now directly owns 41,092 shares in the company, valued at $6,425,145.12. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Linnet F. Deily sold 2,886 shares of the firm’s stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $147.71, for a total value of $426,291.06. Following the completion of the sale, the director now owns 9,105 shares in the company, valued at $1,344,899.55. The disclosure for this sale can be found here. 1.33% of the stock is owned by company insiders.
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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