Honeywell International Receives Average Rating of “Buy” from Analysts (NYSE:HON)
Honeywell International (NYSE:HON) has been given an average recommendation of “Buy” by the twenty-five ratings firms that are currently covering the company, Analyst Ratings Network reports. Six research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $92.78.
Shares of Honeywell International (NYSE:HON) traded up 0.76% on Friday, hitting $94.27. 1,188,923 shares of the company’s stock traded hands. Honeywell International has a one year low of $68.84 and a one year high of $95.07. The stock’s 50-day moving average is $91.05 and its 200-day moving average is $86.76. The company has a market cap of $74.087 billion and a P/E ratio of 19.02.
Honeywell International (NYSE:HON) last released its earnings data on Friday, January 24th. The company reported $1.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.22 by $0.02. The company had revenue of $9.58 billion for the quarter, compared to the consensus estimate of $10.19 billion. During the same quarter in the previous year, the company posted $1.10 earnings per share. The company’s revenue for the quarter was up 8.4% on a year-over-year basis. Analysts expect that Honeywell International will post $5.54 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, March 10th. Stockholders of record on Thursday, February 27th will be paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 1.92%. The ex-dividend date is Tuesday, February 25th.
In other Honeywell International news, CEO Roger Fradin sold 12,257 shares of the stock on the open market in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $95.00, for a total transaction of $1,164,415.00. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
A number of research firms have recently commented on HON. Analysts at Credit Suisse cut their price target on shares of Honeywell International from $104.00 to $101.00 in a research note on Friday. Separately, analysts at Argus raised their price target on shares of Honeywell International from $99.00 to $101.00 in a research note on Monday, January 27th. They now have a “buy” rating on the stock. Finally, analysts at Ladenburg Thalmann upgraded shares of Honeywell International from a “hold” rating to a “buy” rating in a research note on Monday, January 27th.
Honeywell International Inc (NYSE:HON) is a diversified technology and manufacturing company, serving customers worldwide with aerospace products and services, control, sensing and security technologies for buildings, homes and industry, turbochargers, automotive products, specialty chemicals, electronic and advanced materials, process technology for refining and petrochemicals, and energy efficient products and solutions for homes, business and transportation.
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