Honeywell International Receives Average Rating of “Buy” from Analysts (NYSE:HON)
Honeywell International (NYSE:HON) has earned a consensus rating of “Buy” from the eighteen ratings firms that are currently covering the company, Analyst Ratings Net reports. Five equities research analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $101.94.
Several analysts have recently commented on the stock. 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.
In other Honeywell International news, VP Katherine L. Adams sold 3,800 shares of the stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $94.00, for a total transaction of $357,200.00. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Honeywell International (NYSE:HON) opened at 95.26 on Friday. Honeywell International has a one year low of $78.88 and a one year high of $98.09. The stock’s 50-day moving average is $94.27 and its 200-day moving average is $93.3. The company has a market cap of $74.545 billion and a P/E ratio of 18.51.
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. 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 Wednesday, September 10th. Investors of record on Thursday, August 21st will be paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 1.91%. The ex-dividend date is Tuesday, August 19th.
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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