Honeywell International Receives Average Recommendation of “Buy” from Analysts (NYSE:HON)
Honeywell International (NYSE:HON) has been given a consensus rating of “Buy” by the eighteen ratings firms that are currently covering the stock, Analyst Ratings Network reports. Five equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $101.94.
A number of research firms have recently commented on HON. Analysts at Zacks reiterated a “neutral” rating on shares of Honeywell International in a research note on Tuesday, July 22nd. They now have a $102.00 price target on the stock. Separately, analysts at Bernstein raised their price target on shares of Honeywell International from $119.00 to $121.00 in a research note on Tuesday, July 22nd. They now have an “outperform” rating on the stock. Finally, analysts at Barclays raised their price target on shares of Honeywell International from $101.00 to $106.00 in a research note on Monday, July 21st. They now have an “overweight” rating on the stock.
Shares of Honeywell International (NYSE:HON) traded up 0.29% on Friday, hitting $94.66. The stock had a trading volume of 555,395 shares. Honeywell International has a 52 week low of $78.88 and a 52 week high of $98.09. The stock’s 50-day moving average is $94.17 and its 200-day moving average is $93.25. The company has a market cap of $74.076 billion and a P/E ratio of 18.54.
Honeywell International (NYSE:HON) last issued its quarterly earnings data on Friday, July 18th. The company reported $1.38 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.36 by $0.02. The company had revenue of $10.30 billion for the quarter, compared to the consensus estimate of $10.19 billion. During the same quarter last year, the company posted $1.28 earnings per share. Honeywell International’s revenue was up 5.8% compared to the same quarter last year. Analysts expect that Honeywell International will post $5.54 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, September 10th. Investors of record on Thursday, August 21st will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date of this dividend is Tuesday, August 19th.
In other Honeywell International news, VP Katherine L. Adams sold 3,800 shares of the stock on the open market in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $94.00, for a total value of $357,200.00. The sale was disclosed in a legal 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.
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