Honeywell International Inc. (HON) Given Consensus Recommendation of “Buy” by Analysts
Shares of Honeywell International Inc. (NYSE:HON) have received an average rating of “Buy” from the seventeen analysts that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating and sixteen have assigned a buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $149.52.
Several analysts have recently commented on the company. HSBC Holdings plc assumed coverage on Honeywell International in a report on Wednesday, June 21st. They issued a “buy” rating and a $147.00 price target for the company. BidaskClub raised Honeywell International from a “buy” rating to a “strong-buy” rating in a report on Wednesday, June 21st. Morgan Stanley reaffirmed an “overweight” rating and set a $141.00 price objective (up from $137.00) on shares of Honeywell International in a report on Thursday, June 22nd. Cowen and Company reaffirmed a “buy” rating and set a $140.00 price objective on shares of Honeywell International in a report on Monday, July 17th. Finally, Zacks Investment Research cut Honeywell International from a “buy” rating to a “hold” rating in a report on Tuesday, July 18th.
In other news, insider Rajeev Gautam sold 5,840 shares of the business’s stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $136.68, for a total value of $798,211.20. Following the completion of the transaction, the insider now directly owns 16,597 shares of the company’s stock, valued at $2,268,477.96. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Timothy O. Mahoney sold 341,701 shares of the business’s stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $138.08, for a total value of $47,182,074.08. Following the completion of the transaction, the insider now directly owns 294,155 shares of the company’s stock, valued at $40,616,922.40. The disclosure for this sale can be found here. Over the last three months, insiders sold 354,108 shares of company stock valued at $48,886,463. Insiders own 1.56% of the company’s stock.
Honeywell International (NYSE HON) traded up 0.33% during midday trading on Thursday, hitting $143.19. The company had a trading volume of 2,992,524 shares. Honeywell International has a 12 month low of $106.55 and a 12 month high of $145.30. The firm has a 50-day moving average price of $139.47 and a 200-day moving average price of $134.16. The company has a market cap of $108.91 billion, a price-to-earnings ratio of 22.20 and a beta of 0.95.
Honeywell International (NYSE:HON) last announced its earnings results on Friday, July 21st. The conglomerate reported $1.80 earnings per share for the quarter, beating the consensus estimate of $1.78 by $0.02. Honeywell International had a return on equity of 26.60% and a net margin of 12.68%. The company had revenue of $10.08 billion for the quarter, compared to the consensus estimate of $9.89 billion. During the same period last year, the business posted $1.70 EPS. The company’s revenue was up .9% on a year-over-year basis. Equities analysts anticipate that Honeywell International will post $7.10 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Friday, November 17th will be issued a $0.745 dividend. This represents a $2.98 dividend on an annualized basis and a dividend yield of 2.08%. This is a boost from Honeywell International’s previous quarterly dividend of $0.67. The ex-dividend date is Thursday, November 16th. Honeywell International’s payout ratio is 41.24%.
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.
Receive News & Ratings for Honeywell International Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Honeywell International Inc. and related companies with MarketBeat.com's FREE daily email newsletter.