Honeywell International (NASDAQ:HON) Price Target Lowered to $222.00 at Rothschild & Co Redburn

Honeywell International (NASDAQ:HON) had its target price trimmed by Rothschild & Co Redburn from $240.00 to $222.00 in a research note released on Monday,MarketScreener reports. The brokerage currently has a neutral rating on the conglomerate’s stock.

Several other equities research analysts also recently weighed in on HON. Jefferies Financial Group decreased their price objective on Honeywell International from $240.00 to $230.00 and set a “hold” rating for the company in a report on Tuesday, October 7th. Citigroup increased their price objective on Honeywell International from $265.00 to $267.00 and gave the company a “buy” rating in a report on Friday. Royal Bank Of Canada raised Honeywell International from a “sector perform” rating to an “outperform” rating and increased their price objective for the company from $235.00 to $253.00 in a report on Monday. Robert W. Baird decreased their price objective on Honeywell International from $250.00 to $220.00 and set a “neutral” rating for the company in a report on Monday, October 13th. Finally, JPMorgan Chase & Co. upped their price target on Honeywell International from $212.00 to $218.00 and gave the stock a “neutral” rating in a research note on Friday. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $250.88.

Honeywell International Price Performance

HON stock opened at $215.07 on Monday. The company has a market capitalization of $136.55 billion, a P/E ratio of 22.66, a PEG ratio of 2.64 and a beta of 1.06. Honeywell International has a twelve month low of $179.36 and a twelve month high of $242.77. The business has a 50 day simple moving average of $212.01 and a 200-day simple moving average of $217.90. The company has a current ratio of 1.36, a quick ratio of 1.04 and a debt-to-equity ratio of 1.70.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings data on Monday, December 11th. The conglomerate reported $2.25 earnings per share for the quarter. The business had revenue of $8.95 billion during the quarter. Honeywell International had a return on equity of 38.11% and a net margin of 15.07%. Honeywell International has set its Q4 2023 guidance at 2.530-2.630 EPS. FY 2023 guidance at 9.100-9.200 EPS. As a group, equities analysts anticipate that Honeywell International will post 10.34 EPS for the current year.

Honeywell International Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 5th. Shareholders of record on Friday, November 14th will be given a $1.19 dividend. The ex-dividend date is Friday, November 14th. This is a positive change from Honeywell International’s previous quarterly dividend of $1.13. This represents a $4.76 annualized dividend and a yield of 2.2%. Honeywell International’s dividend payout ratio (DPR) is currently 47.63%.

Insider Transactions at Honeywell International

In other Honeywell International news, CEO Lucian Boldea sold 42,149 shares of the stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $221.58, for a total value of $9,339,375.42. Following the completion of the transaction, the chief executive officer owned 10,334 shares in the company, valued at approximately $2,289,807.72. This represents a 80.31% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.41% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of HON. Nuveen LLC purchased a new position in Honeywell International in the first quarter worth $1,150,929,000. Laurel Wealth Advisors LLC increased its position in shares of Honeywell International by 23,503.0% in the second quarter. Laurel Wealth Advisors LLC now owns 3,716,532 shares of the conglomerate’s stock valued at $865,506,000 after buying an additional 3,700,786 shares in the last quarter. Wellington Management Group LLP increased its position in shares of Honeywell International by 8.9% in the first quarter. Wellington Management Group LLP now owns 15,751,951 shares of the conglomerate’s stock valued at $3,335,476,000 after buying an additional 1,293,137 shares in the last quarter. Alliancebernstein L.P. increased its position in shares of Honeywell International by 64.6% in the first quarter. Alliancebernstein L.P. now owns 2,652,344 shares of the conglomerate’s stock valued at $561,634,000 after buying an additional 1,041,273 shares in the last quarter. Finally, Vista Cima Wealth Management LLC purchased a new position in shares of Honeywell International in the first quarter valued at $164,000. 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.