Honeywell International (NASDAQ:HON) Given Hold Rating at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft restated their hold rating on shares of Honeywell International (NASDAQ:HON) in a research report sent to investors on Tuesday, Marketbeat reports. Deutsche Bank Aktiengesellschaft currently has a $215.00 target price on the conglomerate’s stock, down from their previous target price of $227.00.

A number of other research analysts have also recently weighed in on HON. Royal Bank of Canada cut their price objective on shares of Honeywell International from $210.00 to $209.00 and set a sector perform rating for the company in a report on Friday, February 2nd. Wells Fargo & Company lifted their price objective on shares of Honeywell International from $190.00 to $213.00 and gave the company an equal weight rating in a report on Tuesday, December 19th. Barclays lifted their price objective on shares of Honeywell International from $230.00 to $232.00 and gave the company an overweight rating in a report on Tuesday, April 2nd. Finally, Berenberg Bank raised shares of Honeywell International from a hold rating to a buy rating and lifted their price objective for the company from $195.00 to $240.00 in a report on Wednesday, March 6th. One analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, Honeywell International has an average rating of Hold and a consensus target price of $219.67.

Honeywell International Trading Down 1.7 %

Shares of Honeywell International stock opened at $190.72 on Tuesday. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.27 and a quick ratio of 0.93. The firm has a fifty day moving average price of $198.48 and a 200 day moving average price of $195.86. Honeywell International has a 1 year low of $174.88 and a 1 year high of $210.87. The stock has a market cap of $124.19 billion, a PE ratio of 22.52, a price-to-earnings-growth ratio of 2.24 and a beta of 1.02.

Honeywell International (NASDAQ:HON) last issued its earnings results on Thursday, February 1st. The conglomerate reported $2.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.59 by $0.01. Honeywell International had a net margin of 15.43% and a return on equity of 35.17%. The firm had revenue of $9.44 billion during the quarter, compared to analysts’ expectations of $9.70 billion. During the same quarter last year, the company posted $2.52 earnings per share. The firm’s revenue was up 2.8% compared to the same quarter last year. Equities research analysts predict that Honeywell International will post 9.94 earnings per share for the current year.

Honeywell International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were paid a dividend of $1.08 per share. The ex-dividend date was Thursday, February 29th. This represents a $4.32 dividend on an annualized basis and a dividend yield of 2.27%. Honeywell International’s dividend payout ratio is currently 51.00%.

Insider Transactions at Honeywell International

In related news, Director Darius Adamczyk sold 25,500 shares of the business’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $197.19, for a total transaction of $5,028,345.00. Following the transaction, the director now directly owns 183,400 shares in the company, valued at $36,164,646. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.41% of the company’s stock.

Hedge Funds Weigh In On Honeywell International

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Toth Financial Advisory Corp boosted its position in Honeywell International by 15.8% during the first quarter. Toth Financial Advisory Corp now owns 12,752 shares of the conglomerate’s stock worth $2,617,000 after acquiring an additional 1,743 shares during the last quarter. Avity Investment Management Inc. boosted its position in Honeywell International by 3.5% during the first quarter. Avity Investment Management Inc. now owns 9,214 shares of the conglomerate’s stock worth $1,891,000 after acquiring an additional 312 shares during the last quarter. WD Rutherford LLC boosted its holdings in Honeywell International by 6.8% in the 1st quarter. WD Rutherford LLC now owns 16,038 shares of the conglomerate’s stock valued at $3,292,000 after purchasing an additional 1,023 shares during the last quarter. Independence Bank of Kentucky boosted its holdings in Honeywell International by 9.9% in the 1st quarter. Independence Bank of Kentucky now owns 7,532 shares of the conglomerate’s stock valued at $1,546,000 after purchasing an additional 677 shares during the last quarter. Finally, S.E.E.D. Planning Group LLC boosted its holdings in Honeywell International by 10.2% in the 1st quarter. S.E.E.D. Planning Group LLC now owns 40,268 shares of the conglomerate’s stock valued at $8,265,000 after purchasing an additional 3,737 shares during the last quarter. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Honeywell International Company Profile

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.