Shares of Honeywell International Inc. (NYSE:HON) have been given a consensus recommendation of “Buy” by the twenty research firms that are presently covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $164.64.
A number of equities analysts recently commented on HON shares. Argus lifted their price target on Honeywell International from $160.00 to $170.00 and gave the stock a “buy” rating in a research note on Friday, December 22nd. Vertical Research reaffirmed a “buy” rating on shares of Honeywell International in a research note on Friday, October 20th. Cowen reaffirmed a “buy” rating and issued a $150.00 price objective on shares of Honeywell International in a research note on Thursday, October 19th. Deutsche Bank reaffirmed a “buy” rating and issued a $171.00 price objective on shares of Honeywell International in a research note on Tuesday, November 28th. Finally, Jefferies Group lifted their price objective on shares of Honeywell International from $162.00 to $180.00 and gave the company a “buy” rating in a research note on Thursday, December 14th.
Honeywell International (HON) traded up $0.78 during midday trading on Wednesday, reaching $149.28. The company’s stock had a trading volume of 1,497,596 shares, compared to its average volume of 3,514,295. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.38 and a quick ratio of 1.13. Honeywell International has a 52 week low of $122.40 and a 52 week high of $165.13. The firm has a market cap of $112,120.00, a PE ratio of 34.71, a price-to-earnings-growth ratio of 2.11 and a beta of 0.96.
Honeywell International declared that its board has authorized a share buyback program on Friday, December 8th that permits the company to buyback $6.50 billion in shares. This buyback authorization permits the conglomerate to buy shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 9th. Shareholders of record on Friday, February 23rd will be given a dividend of $0.745 per share. This represents a $2.98 dividend on an annualized basis and a yield of 2.00%. The ex-dividend date of this dividend is Thursday, February 22nd. Honeywell International’s dividend payout ratio is 69.63%.
Large investors have recently bought and sold shares of the company. Janus Henderson Group PLC increased its stake in Honeywell International by 4,986.7% in the second quarter. Janus Henderson Group PLC now owns 4,395,092 shares of the conglomerate’s stock valued at $585,822,000 after acquiring an additional 4,308,688 shares during the period. Ameriprise Financial Inc. lifted its stake in shares of Honeywell International by 38.9% during the 2nd quarter. Ameriprise Financial Inc. now owns 13,323,259 shares of the conglomerate’s stock worth $1,776,394,000 after buying an additional 3,728,533 shares during the last quarter. BlackRock Inc. lifted its stake in shares of Honeywell International by 5.8% during the 4th quarter. BlackRock Inc. now owns 47,575,018 shares of the conglomerate’s stock worth $7,296,103,000 after buying an additional 2,627,000 shares during the last quarter. APG Asset Management N.V. lifted its stake in shares of Honeywell International by 69.6% during the 4th quarter. APG Asset Management N.V. now owns 3,347,506 shares of the conglomerate’s stock worth $427,526,000 after buying an additional 1,373,600 shares during the last quarter. Finally, Vanguard Group Inc. lifted its stake in shares of Honeywell International by 2.5% during the 2nd quarter. Vanguard Group Inc. now owns 49,713,013 shares of the conglomerate’s stock worth $6,626,247,000 after buying an additional 1,234,672 shares during the last quarter. Institutional investors own 76.08% 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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