Honeywell International Inc. (NASDAQ:HON) Given Consensus Rating of “Moderate Buy” by Brokerages

Honeywell International Inc. (NASDAQ:HON) has been given a consensus rating of “Moderate Buy” by the eighteen ratings firms that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating, eight have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $236.7059.

HON has been the topic of several research analyst reports. Wells Fargo & Company dropped their price objective on Honeywell International from $230.00 to $218.00 and set an “equal weight” rating on the stock in a research note on Friday, November 14th. Jefferies Financial Group reduced their price target on shares of Honeywell International from $230.00 to $220.00 in a research report on Monday, November 3rd. Argus lowered their target price on shares of Honeywell International from $250.00 to $225.00 in a research note on Friday, November 14th. BNP Paribas Exane started coverage on Honeywell International in a research report on Wednesday. They issued a “neutral” rating and a $195.00 target price for the company. Finally, JPMorgan Chase & Co. raised their price objective on Honeywell International from $212.00 to $218.00 and gave the company a “neutral” rating in a research note on Friday, October 24th.

Honeywell International Trading Down 0.6%

Shares of Honeywell International stock opened at $192.23 on Friday. The stock has a market capitalization of $122.04 billion, a PE ratio of 20.26, a price-to-earnings-growth ratio of 2.63 and a beta of 0.96. Honeywell International has a 52 week low of $169.21 and a 52 week high of $228.04. The stock has a 50 day moving average price of $201.37 and a two-hundred day moving average price of $215.71. The company has a debt-to-equity ratio of 1.70, a quick ratio of 1.04 and a current ratio of 1.36.

Honeywell International (NASDAQ:HON) last issued its quarterly earnings data on Monday, December 11th. The conglomerate reported $2.25 EPS for the quarter. Honeywell International had a return on equity of 38.11% and a net margin of 15.07%.The firm had revenue of $8.95 billion during the quarter. Honeywell International has set its Q4 2023 guidance at 2.530-2.630 EPS and its FY 2023 guidance at 9.100-9.200 EPS. As a group, equities analysts anticipate that Honeywell International will post 10.34 earnings per share for the current fiscal year.

Honeywell International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 5th. Shareholders of record on Friday, November 14th will be given a dividend of $1.19 per share. This represents a $4.76 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend is Friday, November 14th. This is a positive change from Honeywell International’s previous quarterly dividend of $1.13. Honeywell International’s dividend payout ratio is currently 50.16%.

Hedge Funds Weigh In On Honeywell International

A number of hedge funds and other institutional investors have recently made changes to their positions in HON. Triton Financial Group Inc purchased a new stake in Honeywell International during the second quarter worth approximately $1,001,000. Amundi lifted its stake in shares of Honeywell International by 30.2% in the first quarter. Amundi now owns 519,882 shares of the conglomerate’s stock worth $107,450,000 after acquiring an additional 120,706 shares in the last quarter. Managed Asset Portfolios LLC boosted its stake in shares of Honeywell International by 2.3% during the 2nd quarter. Managed Asset Portfolios LLC now owns 95,833 shares of the conglomerate’s stock valued at $22,317,000 after buying an additional 2,154 shares during the last quarter. Baxter Bros Inc. boosted its stake in Honeywell International by 14.6% during the 2nd quarter. Baxter Bros Inc. now owns 35,733 shares of the conglomerate’s stock valued at $8,321,000 after acquiring an additional 4,543 shares during the last quarter. Finally, Integrated Wealth Concepts LLC lifted its position in shares of Honeywell International by 11.4% during the first quarter. Integrated Wealth Concepts LLC now owns 28,502 shares of the conglomerate’s stock worth $6,035,000 after purchasing an additional 2,915 shares during the last quarter. Institutional investors own 75.91% of the company’s stock.

About Honeywell International

Honeywell International Inc engages in the aerospace technologies, building automation, energy and sustainable solutions, and industrial automation businesses in the United States, Europe, and internationally. The company’s Aerospace segment offers auxiliary power units, propulsion engines, integrated avionics, environmental control and electric power systems, engine controls, flight safety, communications, navigation hardware, data and software applications, radar and surveillance systems, aircraft lighting, advanced systems and instruments, satellite and space components, and aircraft wheels and brakes; spare parts; repair, overhaul, and maintenance services; and thermal systems, as well as wireless connectivity services.