Honeywell International (HON) Coverage Initiated by Analysts at Barclays

Barclays began coverage on shares of Honeywell International (NYSE:HON) in a report issued on Thursday. The brokerage issued an overweight rating and a $170.00 price objective on the conglomerate’s stock.

A number of other brokerages have also recently issued reports on HON. Robert W. Baird reaffirmed a buy rating and set a $187.00 target price on shares of Honeywell International in a research report on Friday, January 26th. Bank of America upped their target price on Honeywell International from $117.12 to $168.00 and gave the stock a buy rating in a research report on Friday, January 26th. TheStreet cut Honeywell International from an a+ rating to a c+ rating in a research report on Friday, January 26th. ValuEngine raised Honeywell International from a hold rating to a buy rating in a research report on Friday, February 2nd. Finally, Cowen reaffirmed a buy rating and set a $168.00 target price on shares of Honeywell International in a research report on Monday, January 22nd. Three analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. The stock has an average rating of Buy and a consensus price target of $165.67.

Shares of Honeywell International (NYSE:HON) traded up $0.10 during midday trading on Thursday, hitting $153.52. The company had a trading volume of 1,309,521 shares, compared to its average volume of 3,524,427. The company has a market cap of $116,550.00, a PE ratio of 36.03, a price-to-earnings-growth ratio of 2.12 and a beta of 0.96. Honeywell International has a 1-year low of $122.40 and a 1-year high of $165.13. The company has a current ratio of 1.38, a quick ratio of 1.13 and a debt-to-equity ratio of 0.72.

Honeywell International (NYSE:HON) last announced its quarterly earnings results on Friday, January 26th. The conglomerate reported $1.85 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.84 by $0.01. The business had revenue of $10.84 billion during the quarter, compared to analysts’ expectations of $10.80 billion. Honeywell International had a return on equity of 27.27% and a net margin of 4.08%. The firm’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.74 EPS. analysts predict that Honeywell International will post 7.97 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 9th. Stockholders of record on Friday, February 23rd will be issued a dividend of $0.745 per share. The ex-dividend date is Thursday, February 22nd. This represents a $2.98 dividend on an annualized basis and a dividend yield of 1.94%. Honeywell International’s dividend payout ratio (DPR) is presently 69.63%.

Honeywell International declared that its Board of Directors has approved a share repurchase program on Friday, December 8th that allows the company to buyback $6.50 billion in shares. This buyback authorization allows the conglomerate to repurchase shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

Several hedge funds and other institutional investors have recently modified their holdings of HON. 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 buying an additional 1,234,672 shares during the last quarter. BlackRock Inc. raised its position in Honeywell International by 5.8% in the 4th quarter. BlackRock Inc. now owns 47,575,018 shares of the conglomerate’s stock valued at $7,296,103,000 after buying an additional 2,627,000 shares during the last quarter. Ameriprise Financial Inc. raised its position in Honeywell International by 1.6% in the 3rd quarter. Ameriprise Financial Inc. now owns 13,530,401 shares of the conglomerate’s stock valued at $1,918,100,000 after buying an additional 207,142 shares during the last quarter. Geode Capital Management LLC raised its position in Honeywell International by 4.5% in the 4th quarter. Geode Capital Management LLC now owns 8,525,277 shares of the conglomerate’s stock valued at $1,304,881,000 after buying an additional 369,046 shares during the last quarter. Finally, 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 buying an additional 714,881 shares during the last quarter. Institutional investors and hedge funds own 76.08% 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.

Analyst Recommendations for Honeywell International (NYSE:HON)

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