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

Honeywell International Inc. (NASDAQ:HON) has earned an average rating of “Moderate Buy” from the seventeen research firms that are currently covering the stock, MarketBeat Ratings reports. Eight investment analysts have rated the stock with a hold recommendation, eight have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $248.14.

A number of research firms have issued reports on HON. Wall Street Zen upgraded shares of Honeywell International from a “hold” rating to a “buy” rating in a research report on Thursday, May 15th. Barclays cut their price objective on shares of Honeywell International from $247.00 to $243.00 and set an “overweight” rating on the stock in a report on Wednesday, April 30th. Bank of America raised shares of Honeywell International from a “neutral” rating to a “buy” rating and set a $250.00 price objective on the stock in a research note on Wednesday, May 7th. Mizuho upped their target price on shares of Honeywell International from $235.00 to $250.00 and gave the company an “outperform” rating in a research report on Friday, May 16th. Finally, Royal Bank Of Canada raised their price target on Honeywell International from $211.00 to $226.00 and gave the stock a “sector perform” rating in a research report on Wednesday, April 30th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Mainstream Capital Management LLC acquired a new position in Honeywell International during the 4th quarter worth approximately $25,000. Avalon Trust Co raised its holdings in shares of Honeywell International by 166.7% in the fourth quarter. Avalon Trust Co now owns 120 shares of the conglomerate’s stock valued at $27,000 after purchasing an additional 75 shares during the last quarter. Mpwm Advisory Solutions LLC bought a new stake in shares of Honeywell International in the fourth quarter worth $29,000. Accredited Wealth Management LLC acquired a new position in Honeywell International during the fourth quarter worth $34,000. Finally, Pandora Wealth Inc. acquired a new stake in Honeywell International in the 1st quarter valued at $33,000. Institutional investors and hedge funds own 75.91% of the company’s stock.

Honeywell International Trading Down 1.0%

HON opened at $221.79 on Friday. Honeywell International has a 1-year low of $179.36 and a 1-year high of $242.77. The stock has a market capitalization of $142.54 billion, a PE ratio of 25.49, a PEG ratio of 2.61 and a beta of 1.08. The company has a current ratio of 1.25, a quick ratio of 0.95 and a debt-to-equity ratio of 1.43. The firm has a 50-day moving average price of $214.63 and a two-hundred day moving average price of $215.92.

Honeywell International (NASDAQ:HON) last released its quarterly earnings results on Tuesday, April 29th. The conglomerate reported $2.51 EPS for the quarter, beating the consensus estimate of $2.21 by $0.30. Honeywell International had a net margin of 14.51% and a return on equity of 36.19%. The business had revenue of $9.82 billion for the quarter, compared to analysts’ expectations of $9.59 billion. During the same period in the prior year, the firm earned $2.25 earnings per share. Honeywell International’s revenue was up 7.9% compared to the same quarter last year. As a group, equities analysts anticipate that Honeywell International will post 10.34 earnings per share for the current fiscal year.

Honeywell International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Friday, May 16th were issued a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a dividend yield of 2.04%. The ex-dividend date was Friday, May 16th. Honeywell International’s dividend payout ratio (DPR) is presently 51.95%.

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.