Honeywell International (NYSE:HON) had its price target increased by Oppenheimer from $155.00 to $168.00 in a report issued on Thursday morning. The brokerage currently has an outperform rating on the conglomerate’s stock. Oppenheimer also issued estimates for Honeywell International’s Q1 2018 earnings at $1.82 EPS, Q2 2018 earnings at $1.93 EPS, Q3 2018 earnings at $1.93 EPS, Q4 2018 earnings at $2.02 EPS and FY2019 earnings at $8.40 EPS.
HON has been the subject of several other research reports. Zacks Investment Research raised Honeywell International from a hold rating to a buy rating and set a $153.00 target price for the company in a research note on Thursday, August 24th. Jefferies Group reaffirmed a buy rating and set a $155.00 target price on shares of Honeywell International in a research note on Tuesday, August 22nd. Citigroup raised their target price on Honeywell International from $155.00 to $170.00 and gave the stock a buy rating in a research note on Monday, October 9th. Robert W. Baird reaffirmed a buy rating and set a $156.00 target price (up previously from $140.00) on shares of Honeywell International in a research note on Wednesday, October 11th. Finally, Deutsche Bank reaffirmed a buy rating and set a $154.00 target price on shares of Honeywell International in a research note on Thursday, September 21st. Two equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. The stock has a consensus rating of Buy and an average target price of $159.79.
Honeywell International (NYSE HON) traded up $1.02 during midday trading on Thursday, reaching $154.25. The company had a trading volume of 4,293,832 shares, compared to its average volume of 2,727,897. Honeywell International has a fifty-two week low of $113.60 and a fifty-two week high of $156.70. The firm has a market capitalization of $117,911.05, a PE ratio of 22.42, a P/E/G ratio of 2.39 and a beta of 0.99. The company has a quick ratio of 1.09, a current ratio of 1.35 and a debt-to-equity ratio of 0.54.
Honeywell International (NYSE:HON) last released its earnings results on Friday, October 20th. The conglomerate reported $1.75 EPS for the quarter, hitting the 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 during the quarter, compared to analysts’ expectations of $10.05 billion. During the same quarter last year, the firm posted $1.60 earnings per share. The firm’s revenue was up 3.2% on a year-over-year basis. sell-side analysts predict that Honeywell International will post 7.07 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, December 8th. Shareholders of record on Friday, November 17th were issued a $0.745 dividend. The ex-dividend date was Thursday, November 16th. This represents a $2.98 annualized dividend and a yield of 1.93%. This is a positive change from Honeywell International’s previous quarterly dividend of $0.67. Honeywell International’s dividend payout ratio is presently 45.15%.
Honeywell International declared that its Board of Directors has initiated a stock repurchase program on Friday, December 8th that permits the company to repurchase $6.50 billion in outstanding shares. This repurchase authorization permits the conglomerate to buy shares of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s board believes its shares are undervalued.
In other Honeywell International news, VP Krishna Mikkilineni sold 13,074 shares of the stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $145.12, for a total value of $1,897,298.88. Following the transaction, the vice president now owns 104,998 shares in the company, valued at $15,237,309.76. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Bradley T. Sheares sold 1,328 shares of the stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $146.41, for a total value of $194,432.48. Following the completion of the transaction, the director now owns 4,002 shares in the company, valued at approximately $585,932.82. The disclosure for this sale can be found here. 1.56% of the stock is currently owned by corporate insiders.
A number of large investors have recently made changes to their positions in HON. Burt Wealth Advisors lifted its holdings in shares of Honeywell International by 65.4% in the second quarter. Burt Wealth Advisors now owns 759 shares of the conglomerate’s stock valued at $101,000 after purchasing an additional 300 shares in the last quarter. Mosaic Family Wealth LLC lifted its holdings in shares of Honeywell International by 11.4% in the second quarter. Mosaic Family Wealth LLC now owns 762 shares of the conglomerate’s stock valued at $102,000 after purchasing an additional 78 shares in the last quarter. Guidant Wealth Advisors lifted its holdings in shares of Honeywell International by 15.8% in the second quarter. Guidant Wealth Advisors now owns 764 shares of the conglomerate’s stock valued at $102,000 after purchasing an additional 104 shares in the last quarter. Mascoma Wealth Management LLC lifted its holdings in shares of Honeywell International by 113.2% in the third quarter. Mascoma Wealth Management LLC now owns 806 shares of the conglomerate’s stock valued at $114,000 after purchasing an additional 428 shares in the last quarter. Finally, CKW Financial Group bought a new position in shares of Honeywell International in the second quarter valued at approximately $108,000. Institutional investors and hedge funds own 76.04% of the company’s stock.
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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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