Media stories about Honeywell International (NYSE:HON) have been trending somewhat positive on Wednesday, Accern Sentiment reports. The research firm ranks the sentiment of media coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Honeywell International earned a media sentiment score of 0.24 on Accern’s scale. Accern also assigned news headlines about the conglomerate an impact score of 46.8293761270899 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the news headlines that may have effected Accern Sentiment’s analysis:
Shares of HON stock traded up $0.88 during midday trading on Wednesday, hitting $151.36. 2,589,583 shares of the company’s stock were exchanged, compared to its average volume of 3,344,289. 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 $112,950.69, a P/E ratio of 72.77, a price-to-earnings-growth ratio of 2.12 and a beta of 0.98. The company has a quick ratio of 1.13, a current ratio of 1.38 and a debt-to-equity ratio of 0.72.
Honeywell International (NYSE:HON) last announced its earnings results on Friday, January 26th. The conglomerate reported $1.85 earnings per share for the quarter, beating the Zacks’ consensus estimate 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. The business’s revenue for the quarter was up 8.6% on a year-over-year basis. research analysts forecast that Honeywell International will post 7.97 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, March 9th. Investors of record on Friday, February 23rd were given a dividend of $0.745 per share. This represents a $2.98 annualized dividend and a dividend yield of 1.97%. The ex-dividend date of this dividend was Thursday, February 22nd. Honeywell International’s dividend payout ratio (DPR) is currently 143.27%.
Honeywell International announced that its Board of Directors has authorized a stock buyback plan on Friday, December 8th that permits the company to buyback $6.50 billion in shares. This buyback authorization permits the conglomerate to reacquire shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company’s leadership believes its shares are undervalued.
HON has been the subject of a number of research reports. Deutsche Bank reissued a “buy” rating and issued a $171.00 price target on shares of Honeywell International in a research note on Tuesday, November 28th. Royal Bank of Canada downgraded shares of Honeywell International from an “outperform” rating to a “sector perform” rating and decreased their price target 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. Zacks Investment Research downgraded shares of Honeywell International from a “buy” rating to a “hold” rating in a research note on Thursday, November 30th. Citigroup set a $180.00 price target on shares of Honeywell International and gave the stock a “buy” rating in a research note on Thursday, December 14th. Finally, Oppenheimer increased their price target 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. Three equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $166.73.
In related news, Director Linnet F. Deily sold 2,886 shares of the firm’s stock in a transaction that occurred on 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 owns 9,105 shares of the company’s stock, valued at $1,344,899.55. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jaime Chico /Fa Pardo sold 2,868 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $156.36, for a total transaction of $448,440.48. Following the sale, the director now directly owns 41,092 shares of the company’s stock, valued at approximately $6,425,145.12. The disclosure for this sale can be found here. 1.33% of the stock is owned by company insiders.
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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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