Honeywell International Inc. (NASDAQ:HON) Receives Average Rating of “Moderate Buy” from Brokerages

Honeywell International Inc. (NASDAQ:HON) has earned an average recommendation of “Moderate Buy” from the twenty-two research firms that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, seven have issued a hold rating and fourteen have issued a buy rating on the company. The average 1 year price target among analysts that have covered the stock in the last year is $251.8333.

A number of analysts have commented on the company. BNP Paribas Exane upped their price target on Honeywell International from $195.00 to $215.00 and gave the stock a “neutral” rating in a research report on Monday, February 2nd. Deutsche Bank Aktiengesellschaft upped their price target on Honeywell International from $273.00 to $292.00 and gave the stock a “buy” rating in a research report on Wednesday, March 4th. JPMorgan Chase & Co. upped their price target on Honeywell International from $255.00 to $260.00 and gave the stock an “overweight” rating in a research report on Friday, January 30th. Weiss Ratings upgraded Honeywell International from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, March 27th. Finally, Citigroup upped their price target on Honeywell International from $262.00 to $265.00 and gave the stock a “buy” rating in a research report on Friday, January 30th.

Insider Transactions at Honeywell International

In other news, Director D Scott Davis sold 2,367 shares of the company’s stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $240.00, for a total value of $568,080.00. Following the completion of the transaction, the director owned 31,081 shares of the company’s stock, valued at $7,459,440. This represents a 7.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Robert D. Mailloux sold 10,549 shares of the stock in a transaction that occurred on Friday, January 30th. The shares were sold at an average price of $229.00, for a total value of $2,415,721.00. Following the transaction, the vice president directly owned 4,803 shares of the company’s stock, valued at approximately $1,099,887. The trade was a 68.71% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 18,190 shares of company stock valued at $4,244,287. Corporate insiders own 0.41% of the company’s stock.

Institutional Investors Weigh In On Honeywell International

Institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its holdings in shares of Honeywell International by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 63,161,731 shares of the conglomerate’s stock worth $12,322,222,000 after buying an additional 1,027,413 shares during the period. J. Stern & Co. LLP raised its holdings in shares of Honeywell International by 22,704.6% in the fourth quarter. J. Stern & Co. LLP now owns 53,209,042 shares of the conglomerate’s stock worth $10,380,552,000 after buying an additional 52,975,716 shares during the period. State Street Corp raised its holdings in shares of Honeywell International by 3.4% in the fourth quarter. State Street Corp now owns 31,677,082 shares of the conglomerate’s stock worth $6,179,882,000 after buying an additional 1,031,897 shares during the period. Morgan Stanley raised its holdings in shares of Honeywell International by 4.7% in the fourth quarter. Morgan Stanley now owns 19,425,421 shares of the conglomerate’s stock worth $3,789,706,000 after buying an additional 879,309 shares during the period. Finally, Geode Capital Management LLC raised its holdings in shares of Honeywell International by 0.8% in the fourth quarter. Geode Capital Management LLC now owns 15,716,647 shares of the conglomerate’s stock worth $3,066,520,000 after buying an additional 120,929 shares during the period. 75.91% of the stock is owned by institutional investors.

Honeywell International Stock Down 0.6%

Shares of Honeywell International stock opened at $233.64 on Thursday. Honeywell International has a twelve month low of $181.25 and a twelve month high of $248.18. The company has a quick ratio of 1.03, a current ratio of 1.30 and a debt-to-equity ratio of 1.81. The company’s 50 day moving average is $235.14 and its 200 day moving average is $214.48. The company has a market cap of $148.52 billion, a price-to-earnings ratio of 29.24, a price-to-earnings-growth ratio of 3.40 and a beta of 0.93.

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

Honeywell International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Stockholders of record on Friday, February 27th were paid a $1.19 dividend. The ex-dividend date of this dividend was Friday, February 27th. This represents a $4.76 dividend on an annualized basis and a dividend yield of 2.0%. Honeywell International’s dividend payout ratio is 59.57%.

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.