Honeywell International Inc. (NASDAQ:HON) Receives Average Recommendation of “Moderate Buy” from Brokerages

Honeywell International Inc. (NASDAQ:HON) has been given an average rating of “Moderate Buy” by the twenty ratings firms that are presently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and eleven have issued a buy recommendation on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $244.50.

A number of research firms have weighed in on HON. Jefferies Financial Group boosted their target price on shares of Honeywell International from $220.00 to $240.00 in a research note on Tuesday, February 3rd. Evercore upped their price objective on Honeywell International from $255.00 to $265.00 and gave the company an “outperform” rating in a research note on Friday, January 30th. The Goldman Sachs Group reduced their price objective on Honeywell International from $245.00 to $236.00 and set a “buy” rating for the company in a report on Tuesday, December 16th. Deutsche Bank Aktiengesellschaft raised their target price on Honeywell International from $259.00 to $273.00 and gave the stock a “buy” rating in a research report on Friday, January 30th. Finally, HSBC dropped their price target on Honeywell International from $290.00 to $266.00 and set a “buy” rating on the stock in a research report on Tuesday, November 11th.

Insider Buying and Selling at Honeywell International

In related news, VP Robert D. Mailloux sold 10,549 shares of the business’s stock in a transaction on Friday, January 30th. The stock was sold at an average price of $229.00, for a total transaction of $2,415,721.00. Following the sale, the vice president directly owned 4,803 shares in the company, valued at approximately $1,099,887. The trade was a 68.71% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.41% of the stock is owned by insiders.

Institutional Investors Weigh In On Honeywell International

Several large investors have recently added to or reduced their stakes in HON. J. Stern & Co. LLP raised its stake in shares of Honeywell International by 22,704.6% during the fourth quarter. J. Stern & Co. LLP now owns 53,209,042 shares of the conglomerate’s stock worth $10,380,552,000 after acquiring an additional 52,975,716 shares in the last quarter. SG Americas Securities LLC boosted its stake in shares of Honeywell International by 15,459.1% in the 4th quarter. SG Americas Securities LLC now owns 4,057,960 shares of the conglomerate’s stock valued at $791,667,000 after purchasing an additional 4,031,879 shares in the last quarter. Laurel Wealth Advisors LLC grew its holdings in shares of Honeywell International by 23,503.0% during the 2nd 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 during the last quarter. Franklin Resources Inc. raised its position in Honeywell International by 28.8% in the 3rd quarter. Franklin Resources Inc. now owns 10,196,543 shares of the conglomerate’s stock worth $2,146,372,000 after purchasing an additional 2,277,234 shares during the period. Finally, Mizuho Markets Americas LLC lifted its stake in Honeywell International by 921.0% in the fourth quarter. Mizuho Markets Americas LLC now owns 2,042,000 shares of the conglomerate’s stock worth $398,374,000 after purchasing an additional 1,842,000 shares during the last quarter. Institutional investors own 75.91% of the company’s stock.

Honeywell International Stock Up 0.5%

HON stock opened at $242.65 on Wednesday. The stock’s fifty day simple moving average is $213.74 and its two-hundred day simple moving average is $209.46. The company has a current ratio of 1.32, a quick ratio of 1.05 and a debt-to-equity ratio of 1.76. Honeywell International has a 1-year low of $169.21 and a 1-year high of $245.63. The stock has a market cap of $154.06 billion, a P/E ratio of 30.37, a P/E/G ratio of 3.50 and a beta of 0.94.

Honeywell International (NASDAQ:HON) last announced its earnings results on Thursday, January 29th. The conglomerate reported $2.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.54 by $0.05. The firm had revenue of $10.07 billion during the quarter, compared to analyst estimates of $9.60 billion. Honeywell International had a return on equity of 40.40% and a net margin of 12.74%.The business’s revenue was up 6.4% compared to the same quarter last year. During the same period last year, the firm posted $2.47 EPS. Analysts expect that Honeywell International will post 10.34 EPS for the current year.

Honeywell International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 27th will be issued 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 dividend payout ratio is 59.57%.

Honeywell International Company Profile

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.