Honeywell International Inc. (NASDAQ:HON) Receives $248.86 Average PT from Analysts

Honeywell International Inc. (NASDAQ:HON) has earned an average recommendation of “Moderate Buy” from the seventeen ratings firms that are covering the firm, Marketbeat Ratings reports. Nine investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $248.71.

A number of research analysts have recently commented on the company. HSBC upgraded Honeywell International from a “hold” rating to a “buy” rating and set a $290.00 price objective on the stock in a report on Wednesday, December 11th. Bank of America raised their price objective on shares of Honeywell International from $220.00 to $240.00 and gave the stock a “neutral” rating in a report on Thursday, November 14th. Wolfe Research downgraded shares of Honeywell International from an “outperform” rating to a “peer perform” rating in a research report on Monday, October 28th. The Goldman Sachs Group boosted their price target on shares of Honeywell International from $227.00 to $256.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Finally, Morgan Stanley lifted their target price on Honeywell International from $210.00 to $217.00 and gave the stock an “equal weight” rating in a research report on Tuesday.

Honeywell International Stock Down 1.2 %

Shares of NASDAQ:HON opened at $202.75 on Friday. Honeywell International has a fifty-two week low of $189.75 and a fifty-two week high of $242.77. The firm’s 50 day moving average price is $222.77 and its 200 day moving average price is $215.04. The company has a quick ratio of 1.12, a current ratio of 1.31 and a debt-to-equity ratio of 1.33. The stock has a market cap of $131.84 billion, a price-to-earnings ratio of 23.28, a price-to-earnings-growth ratio of 2.55 and a beta of 1.05.

Honeywell International (NASDAQ:HON) last released its quarterly earnings data on Thursday, February 6th. The conglomerate reported $2.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.37 by $0.10. Honeywell International had a net margin of 14.82% and a return on equity of 35.78%. As a group, equities research analysts predict that Honeywell International will post 10.3 earnings per share for the current fiscal year.

Honeywell International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be paid a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.23%. Honeywell International’s dividend payout ratio (DPR) is 51.89%.

Insider Activity at Honeywell International

In other news, VP Anne T. Madden sold 28,885 shares of the firm’s stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $207.89, for a total value of $6,004,902.65. Following the completion of the sale, the vice president now directly owns 41,580 shares of the company’s stock, valued at $8,644,066.20. This trade represents a 40.99 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.41% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Gallagher Fiduciary Advisors LLC boosted its stake in shares of Honeywell International by 10.0% during the 4th quarter. Gallagher Fiduciary Advisors LLC now owns 2,599 shares of the conglomerate’s stock worth $587,000 after acquiring an additional 237 shares in the last quarter. South Plains Financial Inc. acquired a new position in Honeywell International during the fourth quarter worth $1,419,000. Keel Point LLC boosted its position in Honeywell International by 13.5% during the fourth quarter. Keel Point LLC now owns 3,619 shares of the conglomerate’s stock worth $818,000 after purchasing an additional 431 shares in the last quarter. FAS Wealth Partners Inc. grew its holdings in Honeywell International by 3.1% in the fourth quarter. FAS Wealth Partners Inc. now owns 12,467 shares of the conglomerate’s stock valued at $2,816,000 after purchasing an additional 372 shares during the last quarter. Finally, LGT Financial Advisors LLC purchased a new position in shares of Honeywell International in the fourth quarter valued at $158,000. Hedge funds and other institutional investors own 75.91% of the company’s stock.

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.