Honeywell International Inc. (HON) Given Average Rating of “Buy” by Brokerages
Honeywell International Inc. (NYSE:HON) has received an average rating of “Buy” from the eighteen ratings firms that are currently covering the company, Marketbeat reports. Two analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $151.77.
A number of research firms recently weighed in on HON. Cowen restated a “buy” rating and issued a $150.00 target price on shares of Honeywell International in a research report on Tuesday, October 10th. Vertical Research restated a “buy” rating on shares of Honeywell International in a research report on Friday, October 20th. Citigroup boosted their target price on Honeywell International from $155.00 to $170.00 and gave the stock a “buy” rating in a research report on Monday, October 9th. Jefferies Group restated a “buy” rating and issued a $155.00 target price on shares of Honeywell International in a research report on Tuesday, August 22nd. Finally, Royal Bank Of Canada set a $148.00 target price on Honeywell International and gave the stock a “buy” rating in a research report on Sunday, August 27th.
Shares of Honeywell International (NYSE:HON) traded down $1.56 during midday trading on Friday, hitting $154.40. The stock had a trading volume of 3,013,473 shares, compared to its average volume of 2,710,396. Honeywell International has a 52 week low of $112.17 and a 52 week high of $156.70. The company has a quick ratio of 1.09, a current ratio of 1.35 and a debt-to-equity ratio of 0.54. The stock has a market capitalization of $117,630.00, a price-to-earnings ratio of 21.98, a price-to-earnings-growth ratio of 2.34 and a beta of 0.97.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Friday, November 17th will be paid a $0.745 dividend. This is a boost from Honeywell International’s previous quarterly dividend of $0.67. This represents a $2.98 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date is Thursday, November 16th. Honeywell International’s dividend payout ratio is currently 45.15%.
In other news, Director Bradley T. Sheares sold 1,328 shares of the stock in a transaction on Thursday, November 9th. The stock was sold at an average price of $146.41, for a total value of $194,432.48. Following the sale, the director now directly owns 4,002 shares of the company’s stock, valued at $585,932.82. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Krishna Mikkilineni sold 13,074 shares of the stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $145.12, for a total value of $1,897,298.88. Following the completion of the sale, the vice president now directly owns 104,998 shares in the company, valued at $15,237,309.76. The disclosure for this sale can be found here. Corporate insiders own 1.56% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in HON. Schulhoff & Co. Inc. grew its position in shares of Honeywell International by 1.8% during the second quarter. Schulhoff & Co. Inc. now owns 11,440 shares of the conglomerate’s stock worth $1,524,000 after purchasing an additional 203 shares in the last quarter. DekaBank Deutsche Girozentrale lifted its stake in shares of Honeywell International by 5.4% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 217,832 shares of the conglomerate’s stock valued at $29,184,000 after purchasing an additional 11,091 shares during the last quarter. Edgestream Partners L.P. lifted its stake in shares of Honeywell International by 331.4% in the 1st quarter. Edgestream Partners L.P. now owns 13,555 shares of the conglomerate’s stock valued at $1,693,000 after purchasing an additional 10,413 shares during the last quarter. Acadian Asset Management LLC lifted its stake in shares of Honeywell International by 80.2% in the 2nd quarter. Acadian Asset Management LLC now owns 33,290 shares of the conglomerate’s stock valued at $4,436,000 after purchasing an additional 14,816 shares during the last quarter. Finally, Buckingham Capital Management Inc. lifted its stake in shares of Honeywell International by 3.1% in the 1st quarter. Buckingham Capital Management Inc. now owns 25,462 shares of the conglomerate’s stock valued at $3,179,000 after purchasing an additional 766 shares during the last quarter. 76.03% of the stock is currently owned by hedge funds and other institutional investors.
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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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