Honeywell International Upgraded by EVA Dimensions LLC to Buy (HON)
Honeywell International (NYSE:HON) was upgraded by equities researchers at EVA Dimensions LLC from a “hold” rating to a “buy” rating in a research report issued on Tuesday, Analyst Ratings Network reports.
Honeywell International (NYSE:HON) traded up 0.51% on Tuesday, hitting $93.79. 678,258 shares of the company’s stock traded hands. Honeywell International has a 1-year low of $68.84 and a 1-year high of $95.21. The stock’s 50-day moving average is $91. and its 200-day moving average is $87.00. The company has a market cap of $73.544 billion and a P/E ratio of 18.97.
Honeywell International (NYSE:HON) last posted its quarterly 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 declared a quarterly dividend, which is scheduled for Monday, March 10th. Stockholders of record on Thursday, February 27th will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 1.92%. The ex-dividend date of this dividend is Tuesday, February 25th.
In other Honeywell International news, CEO Roger Fradin sold 12,257 shares of the company’s stock on the open market in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $95.00, for a total value of $1,164,415.00. Following the completion of the sale, the chief executive officer now directly owns 258,422 shares of the company’s stock, valued at approximately $24,550,090. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Several other analysts have also 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 investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. Honeywell International currently has an average rating of “Buy” and a consensus target price of $92.78.
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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