Cowen and Company reaffirmed their buy rating on shares of Honeywell International Inc. (NYSE:HON) in a report published on Thursday, October 19th. They currently have a $150.00 price objective on the conglomerate’s stock.
Several other equities research analysts have also commented on HON. Zacks Investment Research lowered Honeywell International from a buy rating to a hold rating in a research report on Monday, August 14th. Jefferies Group LLC reaffirmed a buy rating and set a $155.00 target price on shares of Honeywell International in a research note on Tuesday, August 22nd. BidaskClub raised Honeywell International from a hold rating to a buy rating in a research note on Sunday, August 6th. Credit Suisse Group reaffirmed a neutral rating and set a $139.00 target price (up from $131.00) on shares of Honeywell International in a research note on Tuesday, July 25th. Finally, Morgan Stanley increased their price objective on Honeywell International from $141.00 to $145.00 and gave the company an overweight rating in a research note on Wednesday, August 16th. One investment analyst has rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. Honeywell International has an average rating of Buy and an average target price of $150.79.
Honeywell International (NYSE HON) traded up 0.25% on Thursday, reaching $146.20. 1,869,458 shares of the company traded hands. The stock’s 50 day moving average price is $141.93 and its 200 day moving average price is $135.82. Honeywell International has a one year low of $108.01 and a one year high of $147.00. The company has a market capitalization of $111.20 billion, a PE ratio of 22.67 and a beta of 0.95.
Honeywell International (NYSE:HON) last released its quarterly earnings data on Friday, October 20th. The conglomerate reported $1.75 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.75. Honeywell International had a return on equity of 26.26% and a net margin of 12.85%. The business had revenue of $10.12 billion for the quarter, compared to analyst estimates of $10.05 billion. During the same quarter in the prior year, the firm posted $1.60 EPS. The business’s quarterly revenue was up 3.2% compared to the same quarter last year. On average, equities research analysts predict that Honeywell International will post $7.10 EPS for the current fiscal year.
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The company also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Friday, November 17th will be issued a dividend of $0.745 per share. This represents a $2.98 dividend on an annualized basis and a yield of 2.04%. This is a boost from Honeywell International’s previous quarterly dividend of $0.67. The ex-dividend date of this dividend is Thursday, November 16th. Honeywell International’s dividend payout ratio (DPR) is 40.30%.
In related news, insider Rajeev Gautam sold 5,840 shares of the firm’s stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $136.68, for a total transaction of $798,211.20. Following the completion of the transaction, the insider now directly owns 16,597 shares in the company, valued at approximately $2,268,477.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Linnet F. Deily sold 4,344 shares of the firm’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $138.47, for a total value of $601,513.68. Following the transaction, the director now owns 9,753 shares of the company’s stock, valued at $1,350,497.91. The disclosure for this sale can be found here. Insiders have sold a total of 353,688 shares of company stock valued at $48,829,066 over the last 90 days. 1.56% of the stock is currently owned by company insiders.
A number of hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. raised its position in Honeywell International by 2.5% in the 2nd quarter. Vanguard Group Inc. now owns 49,713,013 shares of the conglomerate’s stock valued at $6,626,247,000 after purchasing an additional 1,234,672 shares in the last quarter. BlackRock Inc. raised its position in Honeywell International by 2.8% in the 2nd quarter. BlackRock Inc. now owns 45,038,036 shares of the conglomerate’s stock valued at $6,003,117,000 after purchasing an additional 1,207,893 shares in the last quarter. Ameriprise Financial Inc. raised its position in Honeywell International by 38.9% in the 2nd quarter. Ameriprise Financial Inc. now owns 13,323,259 shares of the conglomerate’s stock valued at $1,776,394,000 after purchasing an additional 3,728,533 shares in the last quarter. FMR LLC raised its position in Honeywell International by 9.3% in the 2nd quarter. FMR LLC now owns 8,405,703 shares of the conglomerate’s stock valued at $1,120,396,000 after purchasing an additional 714,881 shares in the last quarter. Finally, Alliancebernstein L.P. raised its position in Honeywell International by 9.1% in the 2nd quarter. Alliancebernstein L.P. now owns 7,539,972 shares of the conglomerate’s stock valued at $1,005,003,000 after purchasing an additional 629,221 shares in the last quarter. 75.81% of the stock is currently owned by institutional investors.
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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