Honeywell International Inc. (NYSE:HON) Receives Average Rating of “Buy” from Analysts
Honeywell International Inc. (NYSE:HON) has been assigned an average recommendation of “Buy” from the nineteen brokerages that are covering the company, Marketbeat reports. One research analyst has rated the stock with a hold recommendation and eighteen have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $135.25.
A number of brokerages have recently weighed in on HON. Stifel Nicolaus raised their price objective 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. HSBC Holdings plc began coverage on shares of Honeywell International in a research note on Wednesday, June 21st. They set a “buy” rating and a $147.00 price objective for the company. Zacks Investment Research raised shares of Honeywell International from a “hold” rating to a “buy” rating and set a $150.00 price objective for the company in a research note on Wednesday, June 28th. Oppenheimer Holdings, Inc. reissued an “outperform” rating and set a $148.00 price objective on shares of Honeywell International in a research note on Tuesday, April 25th. Finally, Credit Suisse Group reissued a “hold” rating and set a $122.00 price objective on shares of Honeywell International in a research note on Friday, April 21st.
Honeywell International (NYSE:HON) traded up 0.32% during midday trading on Tuesday, hitting $133.71. The stock had a trading volume of 904,012 shares. The firm has a market cap of $101.93 billion, a P/E ratio of 21.06 and a beta of 0.95. The stock has a 50-day moving average price of $133.12 and a 200 day moving average price of $125.43. Honeywell International has a 12-month low of $105.25 and a 12-month high of $135.90.
Honeywell International (NYSE:HON) last issued its quarterly earnings data on Friday, April 21st. The conglomerate reported $1.66 earnings per share for the quarter, topping the Zacks’ 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 business had revenue of $9.49 billion during the quarter, compared to analysts’ expectations of $9.33 billion. During the same period last year, the company posted $1.56 EPS. The company’s revenue was down .3% on a year-over-year basis. On average, equities analysts anticipate that Honeywell International will post $7.08 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, June 9th. Investors of record on Friday, May 19th were issued 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 dividend yield of 1.99%. Honeywell International’s payout ratio is 42.16%.
In related news, Director Bradley T. Sheares sold 3,430 shares of Honeywell International stock in a transaction on Friday, May 19th. The shares were sold at an average price of $131.71, for a total transaction of $451,765.30. Following the transaction, the director now owns 8,731 shares in the company, valued at approximately $1,149,960.01. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Jennifer H. Mak sold 5,510 shares of Honeywell International stock in a transaction on Tuesday, May 23rd. The shares were 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 in the company, valued at approximately $414,235.08. The disclosure for this sale can be found here. Insiders have sold a total of 1,253,667 shares of company stock worth $164,049,416 in the last 90 days. Company insiders own 1.56% of the company’s stock.
Several institutional investors have recently bought and sold shares of the stock. Crestwood Advisors Group LLC purchased a new position in shares of Honeywell International during the first quarter worth approximately $100,000. Peoples Financial Services CORP. raised 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 worth $101,000 after buying an additional 311 shares in the last quarter. Hanson McClain Inc. raised 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 worth $101,000 after buying an additional 3 shares in the last quarter. SRS Capital Advisors Inc. purchased a new position in shares of Honeywell International during the fourth quarter worth approximately $114,000. Finally, MCF Advisors LLC raised its position in shares of Honeywell International by 55.8% in the first quarter. MCF Advisors LLC now owns 935 shares of the conglomerate’s stock worth $117,000 after buying an additional 335 shares in the last quarter. Institutional investors and hedge funds own 78.06% of the company’s stock.
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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.
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