Deutsche Bank Aktiengesellschaft Reiterates “Hold” Rating for Honeywell International (NASDAQ:HON)

Deutsche Bank Aktiengesellschaft reiterated their hold rating on shares of Honeywell International (NASDAQ:HON) in a research note issued to investors on Tuesday morning, Marketbeat.com reports. Deutsche Bank Aktiengesellschaft currently has a $215.00 price objective on the conglomerate’s stock, down from their previous price objective of $227.00.

Several other equities research analysts also recently issued reports on the stock. Berenberg Bank raised shares of Honeywell International from a hold rating to a buy rating and lifted their price target for the stock from $195.00 to $240.00 in a research note on Wednesday, March 6th. Royal Bank of Canada dropped their price target on shares of Honeywell International from $210.00 to $209.00 and set a sector perform rating on the stock in a research note on Friday, February 2nd. Barclays lifted their price target on shares of Honeywell International from $230.00 to $232.00 and gave the stock an overweight rating in a research note on Tuesday, April 2nd. Finally, Wells Fargo & Company boosted their target price on shares of Honeywell International from $190.00 to $213.00 and gave the stock an equal weight rating in a research report on Tuesday, December 19th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of Hold and a consensus target price of $219.67.

Honeywell International Trading Down 1.7 %

HON opened at $190.72 on Tuesday. The firm has a market capitalization of $124.19 billion, a P/E ratio of 22.52, a P/E/G ratio of 2.24 and a beta of 1.02. The firm’s 50 day moving average is $198.48 and its 200-day moving average is $195.86. The company has a quick ratio of 0.93, a current ratio of 1.27 and a debt-to-equity ratio of 1.01. Honeywell International has a 52-week low of $174.88 and a 52-week high of $210.87.

Honeywell International (NASDAQ:HON) last released its quarterly earnings results on Thursday, February 1st. The conglomerate reported $2.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.59 by $0.01. Honeywell International had a net margin of 15.43% and a return on equity of 35.17%. The firm had revenue of $9.44 billion for the quarter, compared to the consensus estimate of $9.70 billion. During the same quarter in the previous year, the firm posted $2.52 EPS. The firm’s quarterly revenue was up 2.8% on a year-over-year basis. Analysts expect that Honeywell International will post 9.94 EPS for the current fiscal year.

Honeywell International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were given a $1.08 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $4.32 dividend on an annualized basis and a dividend yield of 2.27%. Honeywell International’s payout ratio is currently 51.00%.

Insider Activity

In related news, Director Darius Adamczyk sold 25,500 shares of the stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $197.19, for a total transaction of $5,028,345.00. Following the sale, the director now owns 183,400 shares in the company, valued at $36,164,646. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.41% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Moneta Group Investment Advisors LLC boosted its stake in Honeywell International by 101,603.5% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 5,707,601 shares of the conglomerate’s stock valued at $1,223,139,000 after purchasing an additional 5,701,989 shares during the period. Price T Rowe Associates Inc. MD boosted its position in shares of Honeywell International by 32.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 7,840,959 shares of the conglomerate’s stock worth $1,644,328,000 after buying an additional 1,899,373 shares during the period. Barclays PLC grew its holdings in Honeywell International by 57.3% in the 3rd quarter. Barclays PLC now owns 3,190,755 shares of the conglomerate’s stock worth $589,462,000 after buying an additional 1,162,518 shares in the last quarter. Legal & General Group Plc increased its position in Honeywell International by 30.6% in the 4th quarter. Legal & General Group Plc now owns 4,898,044 shares of the conglomerate’s stock valued at $1,027,171,000 after acquiring an additional 1,146,551 shares during the period. Finally, Nuveen Asset Management LLC raised its stake in Honeywell International by 14.8% during the 4th quarter. Nuveen Asset Management LLC now owns 7,693,802 shares of the conglomerate’s stock valued at $1,613,467,000 after acquiring an additional 994,681 shares in the last quarter. 75.91% of the stock is currently owned by institutional investors.

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.