Shares of Honeywell International Inc. (NYSE:HON) have earned a consensus recommendation of “Buy” from the seventeen analysts that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation and sixteen have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $149.52.
A number of equities analysts have weighed in on the company. Cowen and Company reissued an “outperform” rating and set a $150.00 price target (up previously from $140.00) on shares of Honeywell International in a research report on Tuesday, August 8th. Zacks Investment Research downgraded Honeywell International from a “buy” rating to a “hold” rating in a research report on Monday, August 14th. Robert W. Baird reissued a “buy” rating and set a $156.00 price target (up previously from $140.00) on shares of Honeywell International in a research report on Wednesday, October 11th. Jefferies Group LLC reissued a “buy” rating and set a $155.00 price target on shares of Honeywell International in a research report on Tuesday, August 22nd. Finally, Argus boosted their price target on Honeywell International from $152.00 to $160.00 and gave the stock a “buy” rating in a research report on Thursday, October 12th.
In related news, VP Jennifer H. Mak sold 420 shares of the stock in a transaction that occurred on Thursday, July 27th. The stock was sold at an average price of $136.66, for a total transaction of $57,397.20. Following the sale, the vice president now owns 1,363 shares of the company’s stock, valued at $186,267.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Rajeev Gautam sold 5,840 shares of the stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of $136.68, for a total value of $798,211.20. Following the sale, the insider now directly owns 16,597 shares in the company, valued at approximately $2,268,477.96. The disclosure for this sale can be found here. Insiders have sold 354,108 shares of company stock worth $48,886,463 in the last three months. 1.56% of the stock is currently owned by company insiders.
Large investors have recently modified their holdings of the stock. Hanson McClain Inc. lifted its stake in Honeywell International by 0.4% during the first quarter. Hanson McClain Inc. now owns 810 shares of the conglomerate’s stock worth $101,000 after purchasing an additional 3 shares during the last quarter. Burt Wealth Advisors lifted its stake in Honeywell International by 65.4% during the second quarter. Burt Wealth Advisors now owns 759 shares of the conglomerate’s stock worth $101,000 after purchasing an additional 300 shares during the last quarter. Guidant Wealth Advisors lifted its stake in Honeywell International by 15.8% during the second quarter. Guidant Wealth Advisors now owns 764 shares of the conglomerate’s stock worth $102,000 after purchasing an additional 104 shares during the last quarter. Mosaic Family Wealth LLC lifted its stake in Honeywell International by 11.4% during the second quarter. Mosaic Family Wealth LLC now owns 762 shares of the conglomerate’s stock worth $102,000 after purchasing an additional 78 shares during the last quarter. Finally, Jolley Asset Management LLC lifted its stake in Honeywell International by 6.9% during the second quarter. Jolley Asset Management LLC now owns 775 shares of the conglomerate’s stock worth $103,000 after purchasing an additional 50 shares during the last quarter. 75.73% of the stock is currently owned by institutional investors and hedge funds.
Honeywell International (NYSE:HON) traded down 0.29% during mid-day trading on Thursday, reaching $143.33. The company’s stock had a trading volume of 1,355,181 shares. The company has a 50 day moving average of $139.95 and a 200-day moving average of $134.50. The stock has a market cap of $109.01 billion, a PE ratio of 22.23 and a beta of 0.95. Honeywell International has a 52-week low of $107.41 and a 52-week high of $145.30.
Honeywell International (NYSE:HON) last announced its quarterly earnings results on Friday, July 21st. The conglomerate reported $1.80 earnings per share for the quarter, topping analysts’ consensus estimates of $1.78 by $0.02. The firm had revenue of $10.08 billion for the quarter, compared to the consensus estimate of $9.89 billion. Honeywell International had a return on equity of 26.60% and a net margin of 12.68%. The business’s revenue was up .9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.70 earnings per share. Equities analysts forecast that Honeywell International will post $7.09 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Friday, November 17th will be given a dividend of $0.745 per share. The ex-dividend date is Thursday, November 16th. This represents a $2.98 dividend on an annualized basis and a yield of 2.07%. This is an increase from Honeywell International’s previous quarterly dividend of $0.67. Honeywell International’s dividend payout ratio is currently 41.24%.
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About Honeywell International
Honeywell International Inc is a technology and manufacturing company. The Company operates through four segments: Aerospace, Home and Building Technologies, Performance Materials and Technologies, and Safety and Productivity Solutions. The Company’s Aerospace segment supplies products, software and services for aircraft and vehicles that it sells to original equipment manufacturers (OEMs) and other customers.
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