Stifel Nicolaus restated their buy rating on shares of Honeywell International (NYSE:HON) in a research report sent to investors on Friday. Stifel Nicolaus currently has a $165.00 price objective on the conglomerate’s stock.
HON has been the subject of a number of other research reports. Royal Bank of Canada downgraded shares of Honeywell International from an outperform rating to a sector perform rating and lowered their target price for the stock from $163.00 to $158.00 in a research note on Wednesday, January 3rd. They noted that the move was a valuation call. Oppenheimer lifted their target price on shares of Honeywell International from $155.00 to $168.00 and gave the stock an outperform rating in a research note on Thursday, December 14th. TheStreet downgraded shares of Honeywell International from an a+ rating to a c+ rating in a research note on Friday, January 26th. Citigroup set a $180.00 target price on shares of Honeywell International and gave the stock a buy rating in a research note on Thursday, December 14th. Finally, Deutsche Bank reaffirmed a buy rating and issued a $171.00 price target on shares of Honeywell International in a research note on Tuesday, November 28th. Three analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. The stock presently has an average rating of Buy and an average price target of $165.67.
Shares of Honeywell International (NYSE HON) traded up $0.61 during midday trading on Friday, reaching $154.03. 2,800,000 shares of the company were exchanged, compared to its average volume of 3,530,000. Honeywell International has a fifty-two week low of $122.40 and a fifty-two week high of $165.13. The company has a market capitalization of $116,570.00, a P/E ratio of 35.99, a PEG ratio of 2.16 and a beta of 0.96. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.38 and a quick ratio of 1.13.
Honeywell International (NYSE:HON) last announced its earnings results on Friday, January 26th. The conglomerate reported $1.85 earnings per share for the quarter, topping analysts’ consensus estimates of $1.84 by $0.01. Honeywell International had a net margin of 4.08% and a return on equity of 27.27%. The business had revenue of $10.84 billion during the quarter, compared to the consensus estimate of $10.80 billion. During the same quarter last year, the firm earned $1.74 earnings per share. Honeywell International’s quarterly revenue was up 8.6% on a year-over-year basis. analysts anticipate that Honeywell International will post 7.97 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 9th. Stockholders of record on Friday, February 23rd will be given a dividend of $0.745 per share. This represents a $2.98 annualized dividend and a dividend yield of 1.93%. The ex-dividend date is Thursday, February 22nd. Honeywell International’s payout ratio is presently 69.63%.
Honeywell International announced that its board has approved a stock 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. Shares buyback programs are typically an indication that the company’s board of directors believes its stock is undervalued.
In other news, Director Linnet F. Deily sold 2,886 shares of the business’s stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $147.71, for a total transaction of $426,291.06. Following the completion of the sale, the director now directly owns 9,105 shares of the company’s stock, valued at $1,344,899.55. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 1.56% of the company’s stock.
Several large investors have recently bought and sold shares of the company. We Are One Seven LLC bought a new stake in shares of Honeywell International during the fourth quarter worth about $199,000. Woodard & Co. Asset Management Group Inc. ADV bought a new stake in shares of Honeywell International during the fourth quarter worth about $746,000. Salem Investment Counselors Inc. increased its position in shares of Honeywell International by 3.0% during the fourth quarter. Salem Investment Counselors Inc. now owns 31,361 shares of the conglomerate’s stock worth $4,810,000 after acquiring an additional 914 shares in the last quarter. Northern Oak Wealth Management Inc. increased its position in shares of Honeywell International by 5.8% during the fourth quarter. Northern Oak Wealth Management Inc. now owns 40,739 shares of the conglomerate’s stock worth $6,248,000 after acquiring an additional 2,250 shares in the last quarter. Finally, Slow Capital Inc. bought a new stake in shares of Honeywell International during the fourth quarter worth about $3,096,000. 76.08% of the stock is owned by institutional investors.
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Honeywell International Company Profile
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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