Honeywell International Inc. (HON) Earns Buy Rating from Royal Bank of Canada
Honeywell International Inc. (NYSE:HON)‘s stock had its “buy” rating reiterated by equities researchers at Royal Bank of Canada in a note issued to investors on Friday.
A number of other research firms have also commented on HON. Jefferies Group LLC restated a “buy” rating and set a $141.00 price target on shares of Honeywell International in a research report on Wednesday, May 17th. Citigroup Inc lifted their price objective on shares of Honeywell International from $140.00 to $147.00 and gave the stock a “buy” rating in a report on Tuesday, April 25th. Barclays PLC lifted their price objective on shares of Honeywell International from $139.00 to $140.00 and gave the stock an “overweight” rating in a report on Tuesday, April 25th. Stifel Nicolaus lifted their price objective on shares of Honeywell International from $136.00 to $143.00 and gave the stock a “buy” rating in a report on Tuesday, April 25th. Finally, Oppenheimer Holdings Inc. reaffirmed an “outperform” rating and set a $148.00 price objective on shares of Honeywell International in a report on Tuesday, April 25th. Two investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $134.05.
Honeywell International (NYSE:HON) traded down 0.37% during midday trading on Friday, hitting $133.25. The company had a trading volume of 2,692,322 shares. The company’s 50 day moving average is $129.19 and its 200-day moving average is $122.03. Honeywell International has a one year low of $105.25 and a one year high of $135.00. The company has a market cap of $101.58 billion, a P/E ratio of 20.98 and a beta of 0.94.
Honeywell International (NYSE:HON) last released its quarterly earnings data on Friday, April 21st. The conglomerate reported $1.66 earnings per share for the quarter, beating analysts’ consensus estimates of $1.62 by $0.04. Honeywell International had a net margin of 12.07% and a return on equity of 26.79%. The business had revenue of $9.49 billion during the quarter, compared to analyst estimates of $9.33 billion. During the same period in the previous year, the business earned $1.56 EPS. Honeywell International’s revenue was down .3% compared to the same quarter last year. On average, equities analysts predict that Honeywell International will post $7.09 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 9th. Stockholders of record on Friday, May 19th will be paid a dividend of $0.665 per share. This represents a $2.66 annualized dividend and a dividend yield of 2.00%. The ex-dividend date is Wednesday, May 17th. Honeywell International’s dividend payout ratio (DPR) is 43.39%.
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In other news, CFO Thomas A. Szlosek sold 36,080 shares of the company’s stock in a transaction dated Monday, May 8th. The shares were sold at an average price of $131.16, for a total transaction of $4,732,252.80. Following the completion of the transaction, the chief financial officer now directly owns 2,160 shares of the company’s stock, valued at $283,305.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Mark R. James sold 116,441 shares of the company’s stock in a transaction dated Wednesday, April 26th. The shares were sold at an average price of $130.47, for a total transaction of $15,192,057.27. Following the transaction, the senior vice president now directly owns 240,826 shares of the company’s stock, valued at $31,420,568.22. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,253,667 shares of company stock valued at $164,049,416. Insiders own 1.83% of the company’s stock.
Several institutional investors have recently modified their holdings of HON. CWM LLC increased its position in shares of Honeywell International by 47.1% in the third quarter. CWM LLC now owns 856 shares of the conglomerate’s stock valued at $100,000 after buying an additional 274 shares during the period. Crestwood Advisors Group LLC purchased a new position in shares of Honeywell International during the first quarter valued at approximately $100,000. Peoples Financial Services CORP. increased its position in shares of Honeywell International by 62.2% in the first quarter. Peoples Financial Services CORP. now owns 811 shares of the conglomerate’s stock valued at $101,000 after buying an additional 311 shares during the period. Hanson McClain Inc. increased its position in shares of Honeywell International by 0.4% in the first quarter. Hanson McClain Inc. now owns 810 shares of the conglomerate’s stock valued at $101,000 after buying an additional 3 shares during the period. Finally, Reilly Financial Advisors LLC increased its position in shares of Honeywell International by 1.1% in the third quarter. Reilly Financial Advisors LLC now owns 888 shares of the conglomerate’s stock valued at $104,000 after buying an additional 10 shares during the period. 76.17% of the stock is owned by hedge funds and other institutional investors.
Honeywell International Company Profile
Honeywell International Inc is a technology and manufacturing company. The Company operates through four segments: Aerospace, Home and Building Technologies, Performance Materials and Technologies, and Safety and Productivity Solutions. The Company’s Aerospace segment supplies products, software and services for aircraft and vehicles that it sells to original equipment manufacturers (OEMs) and other customers.
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