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

Shares of Honeywell International Inc. (NASDAQ:HON) have been given a consensus rating of “Moderate Buy” by the twenty-one research firms that are presently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and twelve have given a buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $251.6522.

HON has been the topic of several research analyst reports. Vertical Research downgraded Honeywell International from a “buy” rating to a “hold” rating and set a $220.00 price target on the stock. in a research report on Monday, January 5th. Mizuho cut their price objective on Honeywell International from $250.00 to $240.00 and set an “outperform” rating for the company in a research report on Monday, January 5th. Royal Bank Of Canada increased their target price on Honeywell International from $249.00 to $268.00 and gave the company an “outperform” rating in a research note on Friday, January 30th. Wall Street Zen raised Honeywell International to a “hold” rating in a report on Saturday, January 3rd. Finally, Robert W. Baird lifted their price target on Honeywell International from $220.00 to $240.00 and gave the stock a “neutral” rating in a research report on Friday, January 30th.

Insiders Place Their Bets

In related news, VP Robert D. Mailloux sold 10,549 shares of the company’s stock in a transaction on Friday, January 30th. The shares were sold at an average price of $229.00, for a total transaction of $2,415,721.00. Following the completion of the transaction, the vice president directly owned 4,803 shares in the company, valued at $1,099,887. This represents a 68.71% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director D Scott Davis sold 2,367 shares of the stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $240.00, for a total transaction of $568,080.00. Following the completion of the sale, the director directly owned 31,081 shares of the company’s stock, valued at approximately $7,459,440. This trade represents a 7.08% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 18,190 shares of company stock worth $4,244,287 in the last ninety days. 0.20% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of HON. First National Trust Co grew its holdings in shares of Honeywell International by 9.4% in the 3rd quarter. First National Trust Co now owns 79,086 shares of the conglomerate’s stock worth $16,648,000 after purchasing an additional 6,803 shares during the last quarter. Lockheed Martin Investment Management Co. bought a new position in Honeywell International during the 3rd quarter valued at about $4,147,000. Managed Asset Portfolios LLC boosted its position in Honeywell International by 2.3% in the second quarter. Managed Asset Portfolios LLC now owns 95,833 shares of the conglomerate’s stock valued at $22,317,000 after buying an additional 2,154 shares in the last quarter. Federated Hermes Inc. grew its stake in Honeywell International by 72.5% during the third quarter. Federated Hermes Inc. now owns 9,663 shares of the conglomerate’s stock worth $2,034,000 after buying an additional 4,061 shares during the last quarter. Finally, Global Retirement Partners LLC bought a new stake in Honeywell International during the second quarter worth about $1,943,000. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Honeywell International Price Performance

Shares of Honeywell International stock opened at $234.50 on Friday. The company has a current ratio of 1.30, a quick ratio of 1.03 and a debt-to-equity ratio of 1.81. The firm has a fifty day simple moving average of $229.78 and a 200-day simple moving average of $212.34. The stock has a market capitalization of $149.07 billion, a price-to-earnings ratio of 29.35, a PEG ratio of 3.39 and a beta of 0.92. Honeywell International has a 1-year low of $169.21 and a 1-year high of $248.18.

Honeywell International (NASDAQ:HON) last posted its earnings results on Thursday, January 29th. The conglomerate reported $2.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.54 by $0.05. The business had revenue of $10.07 billion for the quarter, compared to analyst estimates of $9.60 billion. Honeywell International had a net margin of 12.74% and a return on equity of 40.64%. Honeywell International’s revenue was up 6.4% compared to the same quarter last year. During the same period last year, the business posted $2.47 EPS. On average, sell-side analysts expect that Honeywell International will post 10.34 earnings per share for the current year.

Honeywell International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Stockholders of record on Friday, February 27th were paid a $1.19 dividend. The ex-dividend date was Friday, February 27th. This represents a $4.76 annualized dividend and a dividend yield of 2.0%. Honeywell International’s dividend payout ratio (DPR) is presently 59.57%.

About Honeywell International

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.