Honeywell International Inc. (NASDAQ:HON) Receives $251.67 Average Price Target from Analysts

Honeywell International Inc. (NASDAQ:HON) has been given a consensus rating of “Moderate Buy” by the eighteen research firms that are covering the stock, Marketbeat Ratings reports. Eight investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $251.6667.

A number of research firms have recently weighed in on HON. Barclays increased their price objective on shares of Honeywell International from $258.00 to $265.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 9th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Honeywell International in a research note on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Honeywell International from $268.00 to $271.00 and gave the stock a “buy” rating in a research note on Thursday, October 2nd. Jefferies Financial Group lowered their price target on shares of Honeywell International from $240.00 to $230.00 and set a “hold” rating on the stock in a report on Tuesday, October 7th. Finally, Wells Fargo & Company dropped their price target on shares of Honeywell International from $230.00 to $220.00 and set an “equal weight” rating on the stock in a research report on Monday, October 6th.

Honeywell International Stock Down 1.2%

NASDAQ:HON opened at $206.61 on Thursday. The firm has a market capitalization of $131.18 billion, a P/E ratio of 23.51, a PEG ratio of 2.59 and a beta of 1.06. Honeywell International has a 1-year low of $179.36 and a 1-year high of $242.77. The company’s fifty day moving average price is $212.00 and its 200-day moving average price is $216.96. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.29 and a quick ratio of 0.97.

Honeywell International (NASDAQ:HON) last released its quarterly earnings data on Monday, December 11th. The conglomerate reported $2.25 earnings per share for the quarter. The firm had revenue of $8.95 billion for the quarter. Honeywell International had a net margin of 14.30% and a return on equity of 37.37%. Honeywell International has set its Q4 2023 guidance at 2.530-2.630 EPS. FY 2023 guidance at 9.100-9.200 EPS. As a group, equities research analysts anticipate that Honeywell International will post 10.34 EPS for the current year.

Honeywell International Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 5th. Investors of record on Friday, November 14th will be given a dividend of $1.19 per share. This is a boost from Honeywell International’s previous quarterly dividend of $1.13. This represents a $4.76 annualized dividend and a yield of 2.3%. The ex-dividend date is Friday, November 14th. Honeywell International’s dividend payout ratio (DPR) is 51.42%.

Insider Buying and Selling

In related news, CEO Lucian Boldea sold 42,149 shares of the firm’s stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $221.58, for a total transaction of $9,339,375.42. Following the sale, the chief executive officer owned 10,334 shares in the company, valued at approximately $2,289,807.72. This trade represents a 80.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.20% of the company’s stock.

Institutional Trading of Honeywell International

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Kelly Financial Group LLC acquired a new stake in Honeywell International during the third quarter valued at $408,000. Absher Wealth Management LLC grew its position in Honeywell International by 6.1% during the third quarter. Absher Wealth Management LLC now owns 1,131 shares of the conglomerate’s stock valued at $238,000 after buying an additional 65 shares during the period. Cerity Partners LLC grew its position in Honeywell International by 4.3% during the third quarter. Cerity Partners LLC now owns 562,861 shares of the conglomerate’s stock valued at $118,482,000 after buying an additional 23,218 shares during the period. Galvin Gaustad & Stein LLC grew its position in Honeywell International by 1.1% during the third quarter. Galvin Gaustad & Stein LLC now owns 5,477 shares of the conglomerate’s stock valued at $1,153,000 after buying an additional 59 shares during the period. Finally, Cordatus Wealth Management LLC grew its position in Honeywell International by 1.2% during the third quarter. Cordatus Wealth Management LLC now owns 7,259 shares of the conglomerate’s stock valued at $1,528,000 after buying an additional 86 shares during the period. Institutional investors and hedge funds own 75.91% of the company’s stock.

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.