Honeywell International Inc. (NYSE:HON) was downgraded by equities research analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a research note issued on Wednesday.

Several other equities research analysts have also commented on the stock. Barclays PLC increased their price objective on shares of Honeywell International from $139.00 to $140.00 and gave the company an “overweight” rating in a research note on Tuesday, April 25th. Zacks Investment Research lowered shares of Honeywell International from a “buy” rating to a “hold” rating in a research note on Tuesday, April 4th. Citigroup Inc. increased their price objective on shares of Honeywell International from $140.00 to $147.00 and gave the company a “buy” rating in a research note on Tuesday, April 25th. Credit Suisse Group reiterated a “hold” rating and issued a $115.00 price objective on shares of Honeywell International in a research note on Tuesday, April 11th. Finally, Stifel Nicolaus increased their price objective on shares of Honeywell International from $136.00 to $143.00 and gave the company a “buy” rating in a research note on Tuesday, April 25th. One analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $135.81.

Shares of Honeywell International (HON) traded up 0.78% during trading on Wednesday, hitting $133.97. The stock had a trading volume of 2,410,574 shares. Honeywell International has a 1-year low of $105.25 and a 1-year high of $135.90. The firm has a 50-day moving average of $132.66 and a 200 day moving average of $124.62. The company has a market capitalization of $102.13 billion, a P/E ratio of 21.10 and a beta of 0.92.

Honeywell International (NYSE:HON) last posted its quarterly earnings data on Friday, April 21st. The conglomerate reported $1.66 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.62 by $0.04. The firm had revenue of $9.49 billion during the quarter, compared to analyst estimates of $9.33 billion. Honeywell International had a net margin of 12.43% and a return on equity of 26.58%. The company’s revenue for the quarter was down .3% on a year-over-year basis. During the same quarter last year, the business posted $1.56 EPS. Equities research analysts predict that Honeywell International will post $7.09 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 9th. Investors of record on Friday, May 19th were issued a $0.665 dividend. This represents a $2.66 annualized dividend and a yield of 1.99%. The ex-dividend date was Wednesday, May 17th. Honeywell International’s dividend payout ratio (DPR) is presently 42.16%.

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In related news, VP Jennifer H. Mak sold 5,510 shares of the firm’s stock in a transaction that occurred on Tuesday, May 23rd. The shares were sold at an average price of $131.88, for a total value of $726,658.80. Following the completion of the transaction, the vice president now directly owns 3,141 shares of the company’s stock, valued at approximately $414,235.08. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Mark R. James sold 116,441 shares of the firm’s stock in a transaction that occurred on Wednesday, April 26th. The stock was sold at an average price of $130.47, for a total transaction of $15,192,057.27. Following the completion of 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 sold 1,253,667 shares of company stock valued at $164,049,416. 1.56% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. increased its position in Honeywell International by 2,950.7% in the first quarter. BlackRock Inc. now owns 43,830,143 shares of the conglomerate’s stock valued at $5,473,071,000 after buying an additional 42,393,428 shares during the period. Clearbridge Investments LLC increased its position in shares of Honeywell International by 69.2% in the first quarter. Clearbridge Investments LLC now owns 5,171,598 shares of the conglomerate’s stock valued at $645,777,000 after buying an additional 2,114,627 shares during the last quarter. Fiduciary Management Inc. WI increased its position in shares of Honeywell International by 59.8% in the fourth quarter. Fiduciary Management Inc. WI now owns 5,038,398 shares of the conglomerate’s stock valued at $583,698,000 after buying an additional 1,885,005 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Honeywell International by 3.4% in the first quarter. Vanguard Group Inc. now owns 48,478,341 shares of the conglomerate’s stock valued at $6,053,490,000 after buying an additional 1,603,161 shares during the last quarter. Finally, State Street Corp increased its position in shares of Honeywell International by 4.4% in the fourth quarter. State Street Corp now owns 30,884,640 shares of the conglomerate’s stock valued at $3,577,992,000 after buying an additional 1,313,465 shares during the last quarter. 78.06% of the stock is owned by institutional investors.

About Honeywell International

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.

Analyst Recommendations for Honeywell International (NYSE:HON)

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