Honeywell International (NASDAQ:HON) Reaches New 52-Week High – Should You Buy?

Honeywell International Inc. (NASDAQ:HON) shares reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $221.37 and last traded at $221.23, with a volume of 1275597 shares trading hands. The stock had previously closed at $219.55.

Analysts Set New Price Targets

A number of equities analysts recently commented on HON shares. JPMorgan Chase & Co. downgraded Honeywell International from an “overweight” rating to a “neutral” rating and upped their target price for the company from $225.00 to $235.00 in a report on Thursday, October 10th. Wells Fargo & Company decreased their price objective on shares of Honeywell International from $215.00 to $207.00 and set an “equal weight” rating for the company in a report on Monday, October 7th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $214.00 target price on shares of Honeywell International in a research note on Thursday, September 26th. Morgan Stanley began coverage on shares of Honeywell International in a research report on Friday, September 6th. They set an “equal weight” rating and a $210.00 price target on the stock. Finally, StockNews.com lowered shares of Honeywell International from a “buy” rating to a “hold” rating in a report on Friday, August 30th. Seven analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Honeywell International has a consensus rating of “Hold” and a consensus price target of $223.56.

Honeywell International Stock Up 0.8 %

The company has a quick ratio of 0.91, a current ratio of 1.21 and a debt-to-equity ratio of 1.19. The company’s fifty day moving average price is $205.05 and its 200-day moving average price is $204.62. The stock has a market capitalization of $144.11 billion, a PE ratio of 25.44, a price-to-earnings-growth ratio of 2.45 and a beta of 1.03.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings data on Thursday, July 25th. The conglomerate reported $2.49 earnings per share for the quarter, beating analysts’ consensus estimates of $2.42 by $0.07. Honeywell International had a return on equity of 36.87% and a net margin of 15.49%. The company had revenue of $9.58 billion during the quarter, compared to analyst estimates of $9.41 billion. During the same quarter last year, the company earned $2.23 EPS. The firm’s revenue for the quarter was up 4.7% on a year-over-year basis. Analysts forecast that Honeywell International Inc. will post 10.1 earnings per share for the current year.

Honeywell International Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be paid a $1.13 dividend. This is a boost from Honeywell International’s previous quarterly dividend of $1.08. The ex-dividend date of this dividend is Friday, November 15th. This represents a $4.52 dividend on an annualized basis and a yield of 2.04%. Honeywell International’s payout ratio is presently 52.38%.

Institutional Investors Weigh In On Honeywell International

A number of institutional investors have recently made changes to their positions in HON. KMG Fiduciary Partners LLC boosted its holdings in shares of Honeywell International by 2.7% during the 1st quarter. KMG Fiduciary Partners LLC now owns 3,589 shares of the conglomerate’s stock valued at $737,000 after acquiring an additional 96 shares during the last quarter. CVA Family Office LLC grew its position in Honeywell International by 7.1% in the 1st quarter. CVA Family Office LLC now owns 1,325 shares of the conglomerate’s stock worth $272,000 after purchasing an additional 88 shares during the period. Dakota Community Bank & Trust NA raised its stake in Honeywell International by 6.3% during the 1st quarter. Dakota Community Bank & Trust NA now owns 1,408 shares of the conglomerate’s stock valued at $289,000 after buying an additional 84 shares during the last quarter. Gulf International Bank UK Ltd lifted its holdings in shares of Honeywell International by 0.5% during the 1st quarter. Gulf International Bank UK Ltd now owns 56,396 shares of the conglomerate’s stock valued at $11,575,000 after buying an additional 282 shares during the period. Finally, 17 Capital Partners LLC boosted its stake in shares of Honeywell International by 399.8% in the 1st quarter. 17 Capital Partners LLC now owns 6,413 shares of the conglomerate’s stock worth $1,316,000 after buying an additional 5,130 shares during the last quarter. Hedge funds and other institutional investors own 75.91% of the company’s stock.

About Honeywell International

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.