Honeywell International (NASDAQ:HON) Stock Price Down 0.9%

Honeywell International Inc. (NASDAQ:HON) shares dropped 0.9% during trading on Wednesday . The company traded as low as $193.26 and last traded at $194.49. Approximately 462,249 shares were traded during mid-day trading, a decline of 84% from the average daily volume of 2,967,236 shares. The stock had previously closed at $196.16.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on HON shares. Berenberg Bank raised Honeywell International from a “hold” rating to a “buy” rating and upped their price target for the stock from $195.00 to $240.00 in a report on Wednesday, March 6th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $215.00 target price (down previously from $227.00) on shares of Honeywell International in a research note on Tuesday, April 16th. Barclays lifted their price objective on Honeywell International from $230.00 to $232.00 and gave the company an “overweight” rating in a research note on Tuesday, April 2nd. Finally, Royal Bank of Canada lowered their target price on Honeywell International from $210.00 to $209.00 and set a “sector perform” rating for the company in a research note on Friday, February 2nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, Honeywell International has a consensus rating of “Hold” and an average price target of $219.67.

Honeywell International Stock Performance

The company has a market cap of $124.57 billion, a P/E ratio of 22.79, a P/E/G ratio of 2.23 and a beta of 1.02. The firm’s fifty day moving average price is $198.25 and its 200-day moving average price is $196.22. The company has a current ratio of 1.27, a quick ratio of 0.93 and a debt-to-equity ratio of 1.01.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings data on Thursday, April 25th. The conglomerate reported $2.25 earnings per share for the quarter, beating the consensus estimate of $2.17 by $0.08. Honeywell International had a net margin of 15.43% and a return on equity of 35.17%. The business had revenue of $9.11 billion for the quarter, compared to analyst estimates of $9.03 billion. During the same period in the prior year, the business posted $2.07 earnings per share. Honeywell International’s revenue was up 2.7% compared to the same quarter last year. As a group, research analysts forecast that Honeywell International Inc. will post 9.94 EPS for the current fiscal year.

Honeywell International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were issued a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a yield of 2.26%. The ex-dividend date of this dividend was Thursday, February 29th. Honeywell International’s dividend payout ratio is currently 51.00%.

Insider Buying and Selling

In related news, Director Darius Adamczyk sold 25,500 shares of the stock in a transaction on Monday, February 12th. The shares were sold at an average price of $197.19, for a total transaction of $5,028,345.00. Following the transaction, the director now directly owns 183,400 shares of the company’s stock, valued at $36,164,646. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.41% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD boosted its holdings in Honeywell International by 32.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 7,840,959 shares of the conglomerate’s stock worth $1,644,328,000 after purchasing an additional 1,899,373 shares during the last quarter. Ameriprise Financial Inc. boosted its position in Honeywell International by 5.2% in the 3rd quarter. Ameriprise Financial Inc. now owns 6,995,897 shares of the conglomerate’s stock valued at $1,292,307,000 after buying an additional 347,808 shares during the period. Northern Trust Corp lifted its position in shares of Honeywell International by 0.3% in the 4th quarter. Northern Trust Corp now owns 6,451,134 shares of the conglomerate’s stock worth $1,352,867,000 after purchasing an additional 17,591 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of Honeywell International by 1.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,621,544 shares of the conglomerate’s stock worth $759,474,000 after purchasing an additional 66,213 shares during the period. Finally, Barclays PLC raised its stake in shares of Honeywell International by 57.3% during the 3rd quarter. Barclays PLC now owns 3,190,755 shares of the conglomerate’s stock worth $589,462,000 after acquiring an additional 1,162,518 shares in the last quarter. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

Honeywell International Company Profile

Honeywell International Inc engages in the aerospace technologies, building automation, energy and sustainable solutions, and industrial automation businesses in the United States, Europe, and internationally. The company's Aerospace segment offers auxiliary power units, propulsion engines, integrated avionics, environmental control and electric power systems, engine controls, flight safety, communications, navigation hardware, data and software applications, radar and surveillance systems, aircraft lighting, advanced systems and instruments, satellite and space components, and aircraft wheels and brakes; spare parts; repair, overhaul, and maintenance services; and thermal systems, as well as wireless connectivity services.