Honeywell International Inc. (NASDAQ:HON) Receives Consensus Rating of “Hold” from Brokerages

Honeywell International Inc. (NASDAQ:HON) has been assigned an average rating of “Hold” from the six brokerages that are presently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and two have given a buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $215.71.

A number of analysts have weighed in on HON shares. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $215.00 price target (down from $227.00) on shares of Honeywell International in a research note on Tuesday, April 16th. StockNews.com downgraded Honeywell International from a “buy” rating to a “hold” rating in a report on Thursday, May 2nd. Barclays lifted their price target on Honeywell International from $230.00 to $232.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 2nd. Berenberg Bank raised shares of Honeywell International from a “hold” rating to a “buy” rating and upped their target price for the company from $195.00 to $240.00 in a report on Wednesday, March 6th. Finally, Royal Bank of Canada lowered their target price on 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.

Honeywell International Trading Up 0.6 %

HON opened at $198.05 on Thursday. The business has a fifty day moving average price of $197.55 and a 200 day moving average price of $196.94. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.66 and a quick ratio of 1.28. Honeywell International has a 12 month low of $174.88 and a 12 month high of $210.87. The stock has a market capitalization of $128.97 billion, a price-to-earnings ratio of 22.95, a PEG ratio of 2.26 and a beta of 1.02.

Honeywell International (NASDAQ:HON) last issued its quarterly earnings results on Thursday, April 25th. The conglomerate reported $2.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.17 by $0.08. Honeywell International had a net margin of 15.52% and a return on equity of 35.88%. The company had revenue of $9.11 billion during the quarter, compared to the consensus estimate of $9.03 billion. During the same quarter in the previous year, the firm earned $2.07 earnings per share. The firm’s quarterly revenue was up 2.7% on a year-over-year basis. Sell-side analysts expect that Honeywell International will post 9.94 earnings per share for the current fiscal year.

Honeywell International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 7th. Shareholders of record on Friday, May 17th will be issued a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a yield of 2.18%. The ex-dividend date of this dividend is Thursday, May 16th. Honeywell International’s dividend payout ratio (DPR) is currently 50.06%.

Insider Transactions at Honeywell International

In other Honeywell International news, CFO Gregory P. Lewis sold 25,209 shares of the stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $193.06, for a total value of $4,866,849.54. Following the completion of the transaction, the chief financial officer now directly owns 55,471 shares of the company’s stock, valued at $10,709,231.26. The sale was disclosed in a filing with the SEC, which is available at this link. In related news, Director Darius Adamczyk sold 25,500 shares of the business’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $197.19, for a total value of $5,028,345.00. Following the sale, the director now directly owns 183,400 shares in the company, valued at approximately $36,164,646. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Gregory P. Lewis sold 25,209 shares of the stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $193.06, for a total transaction of $4,866,849.54. Following the completion of the sale, the chief financial officer now directly owns 55,471 shares in the company, valued at $10,709,231.26. The disclosure for this sale can be found here. Corporate insiders own 0.41% of the company’s stock.

Institutional Trading of Honeywell International

Several institutional investors and hedge funds have recently modified their holdings of the business. Entropy Technologies LP lifted its position in shares of Honeywell International by 463.9% in the first quarter. Entropy Technologies LP now owns 12,694 shares of the conglomerate’s stock valued at $2,605,000 after acquiring an additional 10,443 shares in the last quarter. Berkshire Money Management Inc. acquired a new position in Honeywell International in the 1st quarter valued at about $205,000. Doheny Asset Management CA lifted its holdings in Honeywell International by 99.4% in the 1st quarter. Doheny Asset Management CA now owns 1,994 shares of the conglomerate’s stock valued at $409,000 after purchasing an additional 994 shares in the last quarter. MAI Capital Management boosted its stake in shares of Honeywell International by 2.9% during the 1st quarter. MAI Capital Management now owns 190,422 shares of the conglomerate’s stock worth $39,084,000 after purchasing an additional 5,394 shares during the last quarter. Finally, Bleakley Financial Group LLC grew its holdings in shares of Honeywell International by 1.2% during the first quarter. Bleakley Financial Group LLC now owns 21,369 shares of the conglomerate’s stock worth $4,386,000 after buying an additional 256 shares in the last quarter. Hedge funds and other institutional investors own 75.91% of the company’s stock.

About Honeywell International

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.