Honeywell International (NASDAQ:HON) Price Target Lowered to $235.00 at Morgan Stanley

Honeywell International (NASDAQ:HON) had its price objective lowered by Morgan Stanley from $245.00 to $235.00 in a report published on Tuesday, MarketBeat Ratings reports. The firm currently has an equal weight rating on the conglomerate’s stock.

A number of other research firms also recently weighed in on HON. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Honeywell International from $271.00 to $265.00 and set a “buy” rating on the stock in a report on Friday, October 24th. Barclays lifted their price target on shares of Honeywell International from $265.00 to $270.00 and gave the stock an “overweight” rating in a research note on Friday, October 24th. Royal Bank Of Canada raised Honeywell International from a “sector perform” rating to an “outperform” rating and raised their price target for the stock from $235.00 to $253.00 in a research note on Monday. Rothschild & Co Redburn reduced their target price on Honeywell International from $240.00 to $222.00 and set a “neutral” rating on the stock in a research note on Monday. Finally, Robert W. Baird cut their price target on shares of Honeywell International from $250.00 to $220.00 and set a “neutral” rating on the stock in a report on Monday, October 13th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, Honeywell International has a consensus rating of “Moderate Buy” and an average target price of $250.25.

Honeywell International Price Performance

HON stock opened at $214.41 on Tuesday. The company has a debt-to-equity ratio of 1.70, a quick ratio of 1.04 and a current ratio of 1.36. The company has a market capitalization of $136.13 billion, a PE ratio of 22.59, a price-to-earnings-growth ratio of 2.82 and a beta of 1.06. The company’s fifty day moving average price is $211.97 and its 200-day moving average price is $218.05. Honeywell International has a one year low of $179.36 and a one year high of $242.77.

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

Honeywell International Increases Dividend

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

Insider Buying and Selling at Honeywell International

In other news, CEO Lucian Boldea sold 42,149 shares of the stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $221.58, for a total transaction of $9,339,375.42. Following the transaction, the chief executive officer directly owned 10,334 shares in the company, valued at approximately $2,289,807.72. This trade represents a 80.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.41% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of HON. Evergreen Capital Management LLC boosted its holdings in Honeywell International by 6.6% in the third quarter. Evergreen Capital Management LLC now owns 10,565 shares of the conglomerate’s stock worth $2,224,000 after acquiring an additional 652 shares in the last quarter. Lodestar Private Asset Management LLC raised its position in shares of Honeywell International by 29.6% in the 3rd quarter. Lodestar Private Asset Management LLC now owns 1,950 shares of the conglomerate’s stock valued at $410,000 after purchasing an additional 445 shares during the last quarter. Sterling Investment Advisors Ltd. boosted its stake in Honeywell International by 3.0% in the 3rd quarter. Sterling Investment Advisors Ltd. now owns 16,633 shares of the conglomerate’s stock worth $3,501,000 after purchasing an additional 481 shares in the last quarter. Arlington Trust Co LLC grew its position in Honeywell International by 13.5% during the 3rd quarter. Arlington Trust Co LLC now owns 970 shares of the conglomerate’s stock worth $204,000 after purchasing an additional 115 shares during the last quarter. Finally, 4WEALTH Advisors Inc. increased its stake in Honeywell International by 8.0% during the 3rd quarter. 4WEALTH Advisors Inc. now owns 2,296 shares of the conglomerate’s stock valued at $483,000 after purchasing an additional 170 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.