Honeywell International Hits New 12-Month High at $95.21 (HON)
Honeywell International (NYSE:HON) shares hit a new 52-week high on Monday , ARN reports. The stock traded as high as $95.21 and last traded at $94.47, with a volume of 1,617,248 shares. The stock had previously closed at $93.93.
Several analysts have recently commented on the stock. 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. They now have a “neutral” rating on the stock. 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. Seven research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $92.78.
The stock has a 50-day moving average of $91. and a 200-day moving average of $87.00. The company has a market cap of $73.520 billion and a P/E ratio of 19.09.
Honeywell International (NYSE:HON) last announced its earnings results on Friday, January 24th. The company reported $1.24 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $1.10 earnings per share. Honeywell International’s revenue was up 8.4% compared to the same quarter last year. On average, analysts predict that Honeywell International will post $5.54 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, March 10th. Shareholders 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 unloaded 12,257 shares of the company’s stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $95.00, for a total transaction of $1,164,415.00. Following the sale, the chief executive officer now directly owns 258,422 shares in the company, valued at approximately $24,550,090. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.