TheStreet Lowers Honeywell International (NASDAQ:HON) to C+

TheStreet lowered shares of Honeywell International (NASDAQ:HON – Get Rating) from a b rating to a c+ rating in a research note issued to investors on Friday, TheStreetRatingsTable reports.

A number of other brokerages also recently commented on HON. Morgan Stanley decreased their price objective on shares of Honeywell International from $212.00 to $211.00 and set an equal weight rating for the company in a research report on Thursday, April 7th. Mizuho decreased their price objective on shares of Honeywell International from $245.00 to $235.00 and set a buy rating for the company in a research report on Friday, February 4th. Wells Fargo & Company raised their target price on shares of Honeywell International from $196.00 to $203.00 in a research note on Monday. UBS Group cut their target price on shares of Honeywell International from $237.00 to $220.00 and set a buy rating for the company in a research note on Tuesday, February 15th. Finally, StockNews.com assumed coverage on shares of Honeywell International in a research note on Thursday, March 31st. They set a hold rating for the company. Eight investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, Honeywell International has a consensus rating of Hold and a consensus target price of $227.14.

Shares of HON opened at $196.87 on Friday. The firm has a 50-day moving average of $193.44 and a 200-day moving average of $198.22. Honeywell International has a one year low of $174.42 and a one year high of $236.86. The company has a market cap of $134.95 billion, a PE ratio of 26.14, a price-to-earnings-growth ratio of 2.34 and a beta of 1.05. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.21 and a quick ratio of 0.94.

Honeywell International (NASDAQ:HON – Get Rating) last announced its quarterly earnings data on Friday, April 29th. The conglomerate reported $1.91 EPS for the quarter, beating analysts’ consensus estimates of $1.86 by $0.05. Honeywell International had a net margin of 15.30% and a return on equity of 30.04%. The company had revenue of $8.38 billion during the quarter, compared to the consensus estimate of $8.29 billion. During the same quarter last year, the firm posted $1.92 EPS. The company’s quarterly revenue was down .9% on a year-over-year basis. Analysts expect that Honeywell International will post 8.58 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, June 3rd. Shareholders of record on Friday, May 13th will be issued a $0.98 dividend. This represents a $3.92 annualized dividend and a yield of 1.99%. The ex-dividend date is Thursday, May 12th. Honeywell International’s dividend payout ratio is currently 52.06%.

Hedge funds have recently added to or reduced their stakes in the business. Evolution Advisers Inc. bought a new position in Honeywell International in the 4th quarter valued at about $26,000. TFO TDC LLC bought a new position in Honeywell International in the 1st quarter valued at about $30,000. Rather & Kittrell Inc. bought a new position in Honeywell International in the 4th quarter valued at about $32,000. Landmark Wealth Management LLC bought a new position in Honeywell International in the 1st quarter valued at about $32,000. Finally, FSB Premier Wealth Management Inc. bought a new position in Honeywell International in the 4th quarter valued at about $33,000. 74.27% of the stock is currently owned by hedge funds and other institutional investors.

Honeywell International Company Profile (Get Rating)

Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. Its 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; thermal systems, as well as wireless connectivity and management services.

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