Honeywell International Inc. (NYSE:HON) had its price objective boosted by Argus from $152.00 to $160.00 in a report released on Thursday, Marketbeat reports. The firm currently has a buy rating on the conglomerate’s stock.
Several other equities research analysts also recently weighed in on the stock. Zacks Investment Research raised shares of Honeywell International from a hold rating to a buy rating and set a $151.00 price target for the company in a research note on Thursday, July 20th. Morgan Stanley reaffirmed an overweight rating and issued a $141.00 price target (up from $137.00) on shares of Honeywell International in a research note on Thursday, June 22nd. BidaskClub raised shares of Honeywell International from a buy rating to a strong-buy rating in a research note on Wednesday, June 21st. HSBC Holdings plc started coverage on shares of Honeywell International in a research note on Wednesday, June 21st. They issued a buy rating and a $147.00 price target for the company. Finally, Deutsche Bank AG reaffirmed a buy rating and issued a $154.00 price target on shares of Honeywell International in a research note on Thursday, September 21st. One research analyst has rated the stock with a hold rating and sixteen have assigned a buy rating to the company. The stock currently has an average rating of Buy and a consensus price target of $149.52.
Honeywell International (NYSE:HON) traded down 0.1463% during mid-day trading on Thursday, hitting $143.1602. 164,123 shares of the company were exchanged. Honeywell International has a 12-month low of $107.41 and a 12-month high of $145.30. The company’s 50-day moving average is $139.95 and its 200 day moving average is $134.50. The company has a market capitalization of $108.88 billion, a P/E ratio of 22.1988 and a beta of 0.95.
Honeywell International (NYSE:HON) last posted its quarterly earnings results on Friday, July 21st. The conglomerate reported $1.80 earnings per share for the quarter, beating the 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 firm had revenue of $10.08 billion during the quarter, compared to the consensus estimate of $9.89 billion. During the same period in the previous year, the firm posted $1.70 earnings per share. The business’s revenue was up .9% compared to the same quarter last year. Analysts expect that Honeywell International will post $7.09 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Friday, November 17th will be given a $0.745 dividend. This represents a $2.98 dividend on an annualized basis and a yield of 2.08%. This is an increase from Honeywell International’s previous quarterly dividend of $0.67. The ex-dividend date is Thursday, November 16th. Honeywell International’s dividend payout ratio is presently 41.24%.
In other Honeywell International news, VP Jennifer H. Mak sold 420 shares of the company’s stock in a transaction dated Thursday, July 27th. The shares were sold at an average price of $136.66, for a total value of $57,397.20. Following the completion of the sale, the vice president now directly owns 1,363 shares of the company’s stock, valued at approximately $186,267.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Rajeev Gautam sold 5,840 shares of the company’s stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $136.68, for a total transaction of $798,211.20. Following the completion of the sale, the insider now directly owns 16,597 shares of the company’s stock, valued at $2,268,477.96. The disclosure for this sale can be found here. Insiders sold a total of 354,108 shares of company stock valued at $48,886,463 over the last ninety days. 1.56% of the stock is currently owned by insiders.
A number of hedge funds have recently modified their holdings of HON. Hanson McClain Inc. grew its position in Honeywell International by 0.4% in the 1st quarter. Hanson McClain Inc. now owns 810 shares of the conglomerate’s stock worth $101,000 after purchasing an additional 3 shares in the last quarter. Burt Wealth Advisors grew its position in Honeywell International by 65.4% in the 2nd quarter. Burt Wealth Advisors now owns 759 shares of the conglomerate’s stock worth $101,000 after purchasing an additional 300 shares in the last quarter. Guidant Wealth Advisors grew its position in Honeywell International by 15.8% in the 2nd quarter. Guidant Wealth Advisors now owns 764 shares of the conglomerate’s stock worth $102,000 after purchasing an additional 104 shares in the last quarter. Mosaic Family Wealth LLC grew its position in Honeywell International by 11.4% in the 2nd quarter. Mosaic Family Wealth LLC now owns 762 shares of the conglomerate’s stock worth $102,000 after purchasing an additional 78 shares in the last quarter. Finally, Jolley Asset Management LLC grew its position in Honeywell International by 6.9% in the 2nd quarter. Jolley Asset Management LLC now owns 775 shares of the conglomerate’s stock worth $103,000 after purchasing an additional 50 shares in the last quarter. 75.73% of the stock is owned by institutional investors and hedge funds.
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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