Honeywell International Inc. (HON) Upgraded at BidaskClub
Honeywell International Inc. (NYSE:HON) was upgraded by stock analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a research note issued on Wednesday.
Other analysts have also issued research reports about the stock. Cowen and Company reiterated a “buy” rating on shares of Honeywell International in a research note on Monday, April 24th. Zacks Investment Research upgraded shares of Honeywell International from a “hold” rating to a “buy” rating and set a $142.00 target price for the company in a research note on Tuesday, March 14th. Royal Bank Of Canada reiterated a “buy” rating and issued a $144.00 target price on shares of Honeywell International in a research note on Tuesday, April 11th. Citigroup Inc. upped their target price on shares of Honeywell International from $140.00 to $147.00 and gave the stock a “buy” rating in a research note on Tuesday, April 25th. Finally, Stifel Nicolaus upped their target price on shares of Honeywell International from $136.00 to $143.00 and gave the stock a “buy” rating in a research note on Tuesday, April 25th. Two investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Honeywell International has an average rating of “Buy” and an average target price of $134.81.
Shares of Honeywell International (NYSE:HON) traded down 0.49% on Wednesday, hitting $134.25. 2,435,090 shares of the stock were exchanged. Honeywell International has a 1-year low of $105.25 and a 1-year high of $135.90. The stock’s 50-day moving average is $132.66 and its 200-day moving average is $124.62. The stock has a market cap of $102.34 billion, a price-to-earnings ratio of 21.14 and a beta of 0.92.
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, topping the Thomson Reuters’ consensus estimate of $1.62 by $0.04. Honeywell International had a net margin of 12.43% and a return on equity of 26.58%. The firm had revenue of $9.49 billion for the quarter, compared to the consensus estimate of $9.33 billion. During the same quarter in the prior year, the company posted $1.56 earnings per share. The business’s revenue was down .3% on a year-over-year basis. Analysts forecast that Honeywell International will post $7.09 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, June 9th. Investors of record on Friday, May 19th were given a dividend of $0.665 per share. The ex-dividend date of this dividend was Wednesday, May 17th. This represents a $2.66 annualized dividend and a yield of 1.98%. Honeywell International’s payout ratio is currently 42.16%.
In other Honeywell International news, CFO Thomas A. Szlosek sold 36,080 shares of the 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 owns 2,160 shares in the company, valued at $283,305.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Jennifer H. Mak sold 5,510 shares of the stock in a transaction dated Tuesday, May 23rd. The stock was sold at an average price of $131.88, for a total transaction of $726,658.80. Following the transaction, the vice president now owns 3,141 shares of the company’s stock, valued at approximately $414,235.08. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,253,667 shares of company stock valued at $164,049,416. 1.56% of the stock is owned by company insiders.
Institutional investors have recently modified their holdings of the company. MUFG Americas Holdings Corp raised its position in shares of Honeywell International by 9.9% in the fourth quarter. MUFG Americas Holdings Corp now owns 86,699 shares of the conglomerate’s stock worth $10,044,000 after buying an additional 7,826 shares in the last quarter. Comerica Bank raised its position in shares of Honeywell International by 4.3% in the fourth quarter. Comerica Bank now owns 265,806 shares of the conglomerate’s stock worth $31,384,000 after buying an additional 10,993 shares in the last quarter. Hall Capital Management Co. Inc. acquired a new position in shares of Honeywell International during the fourth quarter worth $1,545,000. Burney Co. raised its position in shares of Honeywell International by 12.5% in the fourth quarter. Burney Co. now owns 8,155 shares of the conglomerate’s stock worth $945,000 after buying an additional 907 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System raised its position in shares of Honeywell International by 2.8% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 1,103,266 shares of the conglomerate’s stock worth $127,813,000 after buying an additional 30,386 shares in the last quarter. Hedge funds and other institutional investors own 78.06% of the company’s stock.
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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