Honeywell International (NASDAQ:HON) Price Target Cut to $269.00 by Analysts at Barclays

Honeywell International (NASDAQ:HON) had its price target decreased by Barclays from $270.00 to $269.00 in a report released on Thursday, Marketbeat.com reports. Barclays currently has an overweight rating on the conglomerate’s stock.

Several other equities research analysts have also recently issued reports on the company. Rothschild & Co Redburn lowered their price objective on Honeywell International from $240.00 to $222.00 and set a “neutral” rating on the stock in a report on Monday, October 27th. BNP Paribas Exane initiated coverage on Honeywell International in a research note on Wednesday. They issued a “neutral” rating and a $195.00 price target on the stock. HSBC dropped their price target on Honeywell International from $290.00 to $266.00 and set a “buy” rating for the company in a research report on Tuesday, November 11th. TD Cowen lowered their target price on shares of Honeywell International from $250.00 to $240.00 and set a “buy” rating on the stock in a research note on Monday, November 10th. Finally, Morgan Stanley reduced their target price on shares of Honeywell International from $245.00 to $235.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 28th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Honeywell International currently has a consensus rating of “Moderate Buy” and an average price target of $236.71.

Honeywell International Trading Down 0.6%

Shares of NASDAQ:HON opened at $192.23 on Thursday. The business’s 50 day moving average price is $201.37 and its 200-day moving average price is $215.71. Honeywell International has a 1 year low of $169.21 and a 1 year high of $228.04. The firm has a market capitalization of $122.04 billion, a price-to-earnings ratio of 20.26, a price-to-earnings-growth ratio of 2.63 and a beta of 0.96. The company has a debt-to-equity ratio of 1.70, a current ratio of 1.36 and a quick ratio of 1.04.

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 company 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 and its FY 2023 guidance at 9.100-9.200 EPS. On average, equities research analysts forecast that Honeywell International will post 10.34 earnings per share for the current fiscal year.

Honeywell International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 5th. Shareholders of record on Friday, November 14th will be issued a $1.19 dividend. This represents a $4.76 annualized dividend and a yield of 2.5%. The ex-dividend date is Friday, November 14th. This is a positive change from Honeywell International’s previous quarterly dividend of $1.13. Honeywell International’s dividend payout ratio (DPR) is presently 50.16%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Nuveen LLC purchased a new stake in Honeywell International during the first quarter worth about $1,150,929,000. Laurel Wealth Advisors LLC grew its holdings 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 purchasing an additional 3,700,786 shares in the last quarter. Franklin Resources Inc. grew its holdings in shares of Honeywell International by 28.8% in the third quarter. Franklin Resources Inc. now owns 10,196,543 shares of the conglomerate’s stock valued at $2,146,372,000 after purchasing an additional 2,277,234 shares in the last quarter. Wellington Management Group LLP increased its stake in Honeywell International by 8.9% during the 1st quarter. Wellington Management Group LLP now owns 15,751,951 shares of the conglomerate’s stock worth $3,335,476,000 after buying an additional 1,293,137 shares during the period. Finally, Marshall Wace LLP boosted its position in Honeywell International by 130.0% in the 3rd quarter. Marshall Wace LLP now owns 1,845,032 shares of the conglomerate’s stock valued at $388,379,000 after buying an additional 1,042,972 shares during the period. 75.91% of the stock is currently owned by institutional investors and hedge funds.

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.