Honeywell International Inc. (NASDAQ:HON) Given Consensus Rating of “Hold” by Brokerages

Shares of Honeywell International Inc. (NASDAQ:HON) have been given a consensus rating of “Hold” by the seven analysts that are currently covering the firm, Marketbeat Ratings reports. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $225.00.

Several analysts have commented on the company. StockNews.com raised Honeywell International from a “hold” rating to a “buy” rating in a report on Wednesday, May 15th. Barclays boosted their price target on shares of Honeywell International from $230.00 to $232.00 and gave the stock an “overweight” rating in a report on Tuesday, April 2nd. Citigroup upped their price objective on shares of Honeywell International from $243.00 to $244.00 and gave the stock a “buy” rating in a research report on Tuesday, June 4th. Royal Bank of Canada dropped their target price on shares of Honeywell International from $218.00 to $214.00 and set a “sector perform” rating on the stock in a research report on Friday. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $215.00 price target (down from $227.00) on shares of Honeywell International in a research note on Tuesday, April 16th.

Insider Transactions at Honeywell International

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

Institutional Investors Weigh In On Honeywell International

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. LGT Group Foundation purchased a new position in shares of Honeywell International during the 1st quarter worth approximately $26,000. Altshuler Shaham Ltd purchased a new position in shares of Honeywell International during the fourth quarter worth $27,000. Scarborough Advisors LLC acquired a new stake in shares of Honeywell International in the fourth quarter valued at $27,000. Cordant Inc. purchased a new stake in shares of Honeywell International in the 4th quarter valued at $31,000. Finally, Rakuten Securities Inc. acquired a new position in Honeywell International during the 4th quarter worth about $31,000. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Honeywell International Price Performance

NASDAQ:HON opened at $202.74 on Tuesday. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.21 and a quick ratio of 1.28. The company has a 50 day moving average price of $209.95 and a 200-day moving average price of $202.53. Honeywell International has a 1-year low of $174.88 and a 1-year high of $220.79. The firm has a market cap of $132.02 billion, a price-to-earnings ratio of 23.49, a price-to-earnings-growth ratio of 2.11 and a beta of 1.04.

Honeywell International (NASDAQ:HON) last released its quarterly earnings data on Thursday, July 25th. The conglomerate reported $2.49 earnings per share for the quarter, beating analysts’ consensus estimates of $2.42 by $0.07. Honeywell International had a net margin of 15.49% and a return on equity of 36.87%. The company had revenue of $9.58 billion during the quarter, compared to analysts’ expectations of $9.41 billion. During the same quarter in the previous year, the company earned $2.23 earnings per share. The firm’s revenue for the quarter was up 4.7% on a year-over-year basis. Equities research analysts forecast that Honeywell International will post 10.17 EPS for the current year.

Honeywell International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 6th. Shareholders of record on Friday, August 16th will be paid a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a yield of 2.13%. The ex-dividend date of this dividend is Friday, August 16th. Honeywell International’s dividend payout ratio (DPR) is 50.06%.

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.