Honeywell International (NASDAQ:HON) Price Target Raised to $220.00

Honeywell International (NASDAQ:HON) had its price target hoisted by Wells Fargo & Company from $205.00 to $220.00 in a research note published on Wednesday, Benzinga reports. They currently have an equal weight rating on the conglomerate’s stock.

HON has been the topic of several other research reports. Citigroup increased their target price on Honeywell International from $243.00 to $244.00 and gave the company a buy rating in a research report on Tuesday, June 4th. StockNews.com upgraded Honeywell International from a hold rating to a buy rating in a research note on Wednesday, May 15th. Deutsche Bank Aktiengesellschaft reissued a hold rating and set a $215.00 price target (down from $227.00) on shares of Honeywell International in a research report on Tuesday, April 16th. Barclays lifted their price objective on shares of Honeywell International from $230.00 to $232.00 and gave the stock an overweight rating in a research report on Tuesday, April 2nd. Finally, UBS Group upgraded shares of Honeywell International from a sell rating to a neutral rating and raised their target price for the company from $175.00 to $215.00 in a research note on Monday, June 10th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, Honeywell International presently has a consensus rating of Moderate Buy and a consensus price target of $225.63.

Honeywell International Trading Up 0.1 %

NASDAQ HON opened at $215.11 on Wednesday. Honeywell International has a 12 month low of $174.88 and a 12 month high of $218.36. The company’s 50-day moving average price is $207.52 and its 200-day moving average price is $202.04. The stock has a market cap of $140.08 billion, a PE ratio of 24.93, a PEG ratio of 2.22 and a beta of 1.04. The company has a current ratio of 1.66, a quick ratio of 1.28 and a debt-to-equity ratio of 1.30.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings results 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 15.52% and a return on equity of 35.88%. The firm had revenue of $9.11 billion during the quarter, compared to the consensus estimate of $9.03 billion. During the same quarter in the previous year, the firm posted $2.07 earnings per share. The company’s revenue was up 2.7% on a year-over-year basis. Equities research analysts forecast that Honeywell International will post 10.2 earnings per share for the current year.

Honeywell International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 7th. Investors of record on Friday, May 17th were given a $1.08 dividend. This represents a $4.32 annualized dividend and a dividend yield of 2.01%. The ex-dividend date of this dividend was Thursday, May 16th. Honeywell International’s payout ratio is 50.06%.

Insiders Place Their Bets

In related news, Director Darius Adamczyk sold 28,500 shares of the stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $203.96, for a total value of $5,812,860.00. Following the transaction, the director now owns 203,510 shares in the company, valued at approximately $41,507,899.60. The sale was disclosed in a filing with the SEC, which is available through this link. In other news, Director Darius Adamczyk sold 28,500 shares of the business’s stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $203.96, for a total value of $5,812,860.00. Following the completion of the transaction, the director now owns 203,510 shares of the company’s stock, valued at approximately $41,507,899.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Gregory P. Lewis sold 25,209 shares of the firm’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $193.06, for a total value of $4,866,849.54. Following the sale, the chief financial officer now directly owns 55,471 shares in the company, valued at $10,709,231.26. The disclosure for this sale can be found here. 0.41% of the stock is currently owned by insiders.

Institutional Trading of Honeywell International

Several hedge funds and other institutional investors have recently added to or reduced their stakes in HON. Torray Investment Partners LLC boosted its position in Honeywell International by 0.3% during the fourth quarter. Torray Investment Partners LLC now owns 58,708 shares of the conglomerate’s stock worth $12,312,000 after purchasing an additional 190 shares in the last quarter. Shulman DeMeo Asset Management LLC increased its holdings in Honeywell International by 11.1% in the 4th quarter. Shulman DeMeo Asset Management LLC now owns 1,686 shares of the conglomerate’s stock worth $354,000 after acquiring an additional 169 shares in the last quarter. Boyd Watterson Asset Management LLC OH raised its position in Honeywell International by 0.3% during the fourth quarter. Boyd Watterson Asset Management LLC OH now owns 26,817 shares of the conglomerate’s stock worth $5,624,000 after acquiring an additional 89 shares during the period. Ferguson Wellman Capital Management Inc. lifted its holdings in Honeywell International by 1.7% during the fourth quarter. Ferguson Wellman Capital Management Inc. now owns 495,917 shares of the conglomerate’s stock valued at $103,999,000 after purchasing an additional 8,493 shares in the last quarter. Finally, Adell Harriman & Carpenter Inc. grew its position in shares of Honeywell International by 2.1% in the fourth quarter. Adell Harriman & Carpenter Inc. now owns 57,231 shares of the conglomerate’s stock valued at $12,002,000 after purchasing an additional 1,189 shares during the period. Institutional investors and hedge funds own 75.91% of the company’s stock.

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.