Honeywell International (NASDAQ:HON) Given New $290.00 Price Target at Argus

Honeywell International (NASDAQ:HONFree Report) had its price objective upped by Argus from $250.00 to $290.00 in a research report sent to investors on Wednesday morning,MarketScreener reports. The brokerage currently has a buy rating on the conglomerate’s stock.

Several other equities research analysts also recently weighed in on HON. Jefferies Financial Group upped their price target on Honeywell International from $220.00 to $240.00 in a report on Tuesday, February 3rd. Royal Bank Of Canada raised their target price on shares of Honeywell International from $249.00 to $268.00 and gave the company an “outperform” rating in a report on Friday, January 30th. Daiwa Securities Group boosted their price target on shares of Honeywell International from $230.00 to $240.00 in a report on Tuesday, February 3rd. Weiss Ratings restated a “hold (c+)” rating on shares of Honeywell International in a report on Monday, December 29th. Finally, TD Cowen dropped their target price on Honeywell International from $250.00 to $240.00 and set a “buy” rating on the stock in a report on Monday, November 10th. Eleven investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $246.32.

Read Our Latest Report on HON

Honeywell International Price Performance

Honeywell International stock opened at $241.14 on Wednesday. The firm has a market capitalization of $153.10 billion, a price-to-earnings ratio of 30.18, a PEG ratio of 3.52 and a beta of 0.94. Honeywell International has a 52-week low of $169.21 and a 52-week high of $245.63. The company has a fifty day simple moving average of $214.72 and a 200-day simple moving average of $209.68. The company has a quick ratio of 1.05, a current ratio of 1.32 and a debt-to-equity ratio of 1.76.

Honeywell International (NASDAQ:HONGet Free Report) last announced its quarterly earnings results on Thursday, January 29th. The conglomerate reported $2.59 earnings per share for the quarter, beating the consensus estimate of $2.54 by $0.05. The firm had revenue of $10.07 billion for the quarter, compared to analysts’ expectations of $9.60 billion. Honeywell International had a net margin of 12.74% and a return on equity of 40.40%. The company’s revenue was up 6.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.47 EPS. On average, equities analysts anticipate that Honeywell International will post 10.34 EPS for the current fiscal year.

Honeywell International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 27th will be given a dividend of $1.19 per share. The ex-dividend date of this dividend is Friday, February 27th. This represents a $4.76 annualized dividend and a yield of 2.0%. Honeywell International’s payout ratio is 59.57%.

Insider Buying and Selling at Honeywell International

In related news, VP Robert D. Mailloux sold 5,274 shares of the company’s stock in a transaction on Friday, February 6th. The shares were sold at an average price of $239.00, for a total value of $1,260,486.00. Following the completion of the sale, the vice president owned 4,803 shares in the company, valued at $1,147,917. This represents a 52.34% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.20% of the company’s stock.

Hedge Funds Weigh In On Honeywell International

Several institutional investors have recently bought and sold shares of the company. Verus Capital Partners LLC raised its holdings in Honeywell International by 0.7% during the fourth quarter. Verus Capital Partners LLC now owns 6,658 shares of the conglomerate’s stock worth $1,299,000 after purchasing an additional 44 shares in the last quarter. Claro Advisors Inc. raised its stake in shares of Honeywell International by 0.3% during the 4th quarter. Claro Advisors Inc. now owns 13,930 shares of the conglomerate’s stock worth $2,718,000 after buying an additional 45 shares in the last quarter. Summit Wealth Group LLC lifted its holdings in shares of Honeywell International by 4.3% in the 2nd quarter. Summit Wealth Group LLC now owns 1,115 shares of the conglomerate’s stock valued at $260,000 after buying an additional 46 shares during the period. FSM Wealth Advisors LLC boosted its stake in shares of Honeywell International by 1.1% in the fourth quarter. FSM Wealth Advisors LLC now owns 4,231 shares of the conglomerate’s stock valued at $825,000 after buying an additional 46 shares in the last quarter. Finally, Meridian Financial Partners LLC grew its holdings in Honeywell International by 3.8% during the fourth quarter. Meridian Financial Partners LLC now owns 1,258 shares of the conglomerate’s stock worth $245,000 after acquiring an additional 46 shares during the period. 75.91% of the stock is owned by institutional investors and hedge funds.

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About Honeywell International

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Honeywell International Inc is a diversified, publicly traded multinational conglomerate (NASDAQ: HON) that designs and manufactures a wide range of commercial and consumer products, engineering services and aerospace systems. The company operates through major business platforms that historically include Aerospace; Building Technologies; Performance Materials and Technologies; and Safety and Productivity Solutions. Its portfolio spans avionics and propulsion systems, building controls and HVAC equipment, process technologies and advanced materials, industrial automation software, and personal protective equipment and scanning solutions.

Honeywell’s aerospace business supplies aircraft manufacturers and operators with engines and auxiliary power units, avionics, flight safety systems and aftermarket services.

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