Honeywell International Inc. (NASDAQ:HON) Given Average Recommendation of “Hold” by Analysts

Honeywell International Inc. (NASDAQ:HON) has been given an average rating of “Hold” by the eight brokerages that are presently covering the stock, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $223.13.

Several equities research analysts recently commented on HON shares. Royal Bank of Canada dropped their price objective on Honeywell International from $218.00 to $214.00 and set a “sector perform” rating on the stock in a research report on Friday, July 26th. Morgan Stanley started coverage on shares of Honeywell International in a research note on Friday, September 6th. They issued an “equal weight” rating and a $210.00 price target for the company. Wells Fargo & Company decreased their price objective on shares of Honeywell International from $220.00 to $215.00 and set an “equal weight” rating for the company in a report on Friday, July 26th. Daiwa America upgraded shares of Honeywell International to a “moderate buy” rating in a report on Wednesday, June 5th. Finally, Citigroup boosted their target price on shares of Honeywell International from $243.00 to $244.00 and gave the company a “buy” rating in a research note on Tuesday, June 4th.

Honeywell International Stock Down 0.3 %

Shares of Honeywell International stock opened at $204.15 on Wednesday. The company has a 50-day simple moving average of $205.48 and a two-hundred day simple moving average of $203.32. The stock has a market capitalization of $132.63 billion, a PE ratio of 23.66, a price-to-earnings-growth ratio of 2.32 and a beta of 1.03. Honeywell International has a 52-week low of $174.88 and a 52-week high of $220.79. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.91 and a current ratio of 1.21.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings data on Thursday, July 25th. The conglomerate reported $2.49 earnings per share for the quarter, topping analysts’ consensus estimates of $2.42 by $0.07. Honeywell International had a net margin of 15.49% and a return on equity of 36.87%. The company had revenue of $9.58 billion during the quarter, compared to analyst estimates of $9.41 billion. During the same period in the previous year, the business earned $2.23 EPS. The firm’s revenue for the quarter was up 4.7% on a year-over-year basis. On average, analysts anticipate that Honeywell International will post 10.11 EPS for the current fiscal year.

Honeywell International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Friday, August 16th were paid a dividend of $1.08 per share. The ex-dividend date was Friday, August 16th. This represents a $4.32 dividend on an annualized basis and a dividend yield of 2.12%. Honeywell International’s dividend payout ratio (DPR) is presently 50.06%.

Institutional Trading of Honeywell International

Hedge funds and other institutional investors have recently modified their holdings of the company. LGT Group Foundation purchased a new position in shares of Honeywell International in the first quarter worth $26,000. Scarborough Advisors LLC purchased a new stake in Honeywell International in the 4th quarter worth $27,000. Richardson Capital Management LLC bought a new position in shares of Honeywell International during the 1st quarter valued at about $35,000. Financial Connections Group Inc. purchased a new position in shares of Honeywell International during the second quarter valued at about $38,000. Finally, Pathway Financial Advisers LLC bought a new stake in shares of Honeywell International in the first quarter worth about $39,000. 75.91% of the stock is owned by hedge funds and other institutional investors.

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.