Honeywell International (NASDAQ:HON) Price Target Raised to $262.00

Honeywell International (NASDAQ:HON) had its price target hoisted by The Goldman Sachs Group from $236.00 to $262.00 in a research report released on Monday,MarketScreener reports. They currently have a buy rating on the conglomerate’s stock.

HON has been the topic of a number of other reports. HSBC reduced their target price on shares of Honeywell International from $290.00 to $266.00 and set a “buy” rating on the stock in a report on Tuesday, November 11th. Argus lifted their target price on Honeywell International from $250.00 to $290.00 and gave the company a “buy” rating in a report on Wednesday, February 18th. Bank of America reissued an “underperform” rating and set a $205.00 target price (down from $265.00) on shares of Honeywell International in a research note on Tuesday, November 18th. JPMorgan Chase & Co. lifted their price objective on Honeywell International from $255.00 to $260.00 and gave the company an “overweight” rating in a research note on Friday, January 30th. Finally, Wall Street Zen raised Honeywell International to a “hold” rating in a research report on Saturday, January 3rd. Eleven investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Honeywell International has an average rating of “Moderate Buy” and a consensus price target of $247.50.

Honeywell International Trading Down 0.6%

Shares of HON stock opened at $242.20 on Monday. Honeywell International has a fifty-two week low of $169.21 and a fifty-two week high of $246.00. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.03 and a current ratio of 1.30. The stock’s fifty day moving average is $219.33 and its two-hundred day moving average is $210.52. The firm has a market capitalization of $153.96 billion, a P/E ratio of 30.31, a PEG ratio of 3.53 and a beta of 0.94.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings results on Thursday, January 29th. The conglomerate reported $2.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.54 by $0.05. Honeywell International had a return on equity of 40.64% and a net margin of 12.74%.The business had revenue of $10.07 billion during the quarter, compared to analyst estimates of $9.60 billion. During the same period in the prior year, the business earned $2.47 earnings per share. The business’s revenue was up 6.4% compared to the same quarter last year. Research analysts expect that Honeywell International will post 10.34 earnings per share for the current fiscal year.

Honeywell International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 27th will be given a dividend of $1.19 per share. The ex-dividend date is Friday, February 27th. This represents a $4.76 annualized dividend and a yield of 2.0%. Honeywell International’s payout ratio is presently 59.57%.

Insiders Place Their Bets

In other Honeywell International news, Director D Scott Davis sold 2,367 shares of the company’s stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $240.00, for a total value of $568,080.00. Following the sale, the director owned 31,081 shares of the company’s stock, valued at approximately $7,459,440. This represents a 7.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Robert D. Mailloux sold 10,549 shares of the firm’s stock in a transaction dated Friday, January 30th. The shares were sold at an average price of $229.00, for a total transaction of $2,415,721.00. Following the transaction, the vice president owned 4,803 shares of the company’s stock, valued at $1,099,887. This trade represents a 68.71% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 18,190 shares of company stock worth $4,244,287 in the last ninety days. 0.20% of the stock is currently owned by corporate insiders.

Institutional Trading of Honeywell International

A number of hedge funds have recently added to or reduced their stakes in HON. Brighton Jones LLC increased its holdings in Honeywell International by 9.1% in the 4th quarter. Brighton Jones LLC now owns 19,047 shares of the conglomerate’s stock valued at $4,302,000 after purchasing an additional 1,582 shares in the last quarter. Acadian Asset Management LLC boosted its position in shares of Honeywell International by 145.7% in the first quarter. Acadian Asset Management LLC now owns 4,433 shares of the conglomerate’s stock worth $937,000 after buying an additional 2,629 shares during the period. Schnieders Capital Management LLC. boosted its position in shares of Honeywell International by 18.3% in the second quarter. Schnieders Capital Management LLC. now owns 7,920 shares of the conglomerate’s stock worth $1,844,000 after buying an additional 1,223 shares during the period. Focus Partners Advisor Solutions LLC grew its stake in shares of Honeywell International by 51.6% in the second quarter. Focus Partners Advisor Solutions LLC now owns 8,593 shares of the conglomerate’s stock valued at $2,000,000 after buying an additional 2,925 shares in the last quarter. Finally, Ingalls & Snyder LLC lifted its position in Honeywell International by 3.6% during the 2nd quarter. Ingalls & Snyder LLC now owns 2,279 shares of the conglomerate’s stock worth $531,000 after acquiring an additional 80 shares in the last quarter. 75.91% of the stock is owned by institutional investors and hedge funds.

About Honeywell International

Honeywell International Inc is a diversified, publicly traded multinational conglomerate (NASDAQ: HON) that designs and manufactures a wide range of commercial and consumer products, engineering services and aerospace systems. The company operates through major business platforms that historically include Aerospace; Building Technologies; Performance Materials and Technologies; and Safety and Productivity Solutions. Its portfolio spans avionics and propulsion systems, building controls and HVAC equipment, process technologies and advanced materials, industrial automation software, and personal protective equipment and scanning solutions.

Honeywell’s aerospace business supplies aircraft manufacturers and operators with engines and auxiliary power units, avionics, flight safety systems and aftermarket services.