Honeywell (HON) Raised to “A-” at TheStreet

TheStreet upgraded shares of Honeywell (NYSE:HON) from a c+ rating to an a- rating in a report issued on Friday.

Other equities analysts have also issued reports about the stock. Stifel Nicolaus raised their price target on shares of Honeywell from $157.00 to $175.00 and gave the stock a buy rating in a research report on Monday. Zacks Investment Research upgraded shares of Honeywell from a hold rating to a buy rating and set a $160.00 price objective on the stock in a research note on Tuesday, April 3rd. Cowen reiterated a buy rating and set a $168.00 price objective on shares of Honeywell in a research note on Monday, January 22nd. Robert W. Baird reiterated a buy rating and set a $187.00 price objective on shares of Honeywell in a research note on Friday, January 26th. Finally, Bank of America increased their price objective on shares of Honeywell from $117.12 to $168.00 and gave the stock a buy rating in a research note on Friday, January 26th. Three equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. The stock has a consensus rating of Buy and a consensus target price of $166.87.

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NYSE:HON opened at $148.62 on Friday. Honeywell has a 52 week low of $128.35 and a 52 week high of $165.13. The stock has a market cap of $113,228.94, a P/E ratio of 20.90, a price-to-earnings-growth ratio of 2.06 and a beta of 0.97. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.11 and a current ratio of 1.36.

Honeywell (NYSE:HON) last released its quarterly earnings results on Friday, April 20th. The conglomerate reported $1.95 EPS for the quarter, topping analysts’ consensus estimates of $1.89 by $0.06. Honeywell had a net margin of 4.26% and a return on equity of 29.25%. The business had revenue of $10.39 billion for the quarter, compared to analyst estimates of $10.03 billion. During the same period last year, the firm earned $1.71 earnings per share. Honeywell’s revenue for the quarter was up 9.5% compared to the same quarter last year. equities research analysts anticipate that Honeywell will post 7.97 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 8th. Stockholders of record on Friday, May 18th will be paid a $0.745 dividend. This represents a $2.98 dividend on an annualized basis and a dividend yield of 2.01%. Honeywell’s payout ratio is currently 41.91%.

In other 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 value of $426,291.06. Following the sale, the director now directly owns 9,105 shares in the company, valued at approximately $1,344,899.55. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 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 completion of the sale, the director now owns 41,092 shares in the company, valued at $6,425,145.12. The disclosure for this sale can be found here. Company insiders own 1.33% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the company. Wagner Wealth Management LLC acquired a new stake in shares of Honeywell in the 4th quarter valued at approximately $101,000. Welch Group LLC acquired a new stake in Honeywell during the 4th quarter worth approximately $100,000. Taylor Hoffman Wealth Management acquired a new stake in Honeywell during the 4th quarter worth approximately $113,000. Mascoma Wealth Management LLC boosted its position in Honeywell by 113.2% during the 3rd quarter. Mascoma Wealth Management LLC now owns 806 shares of the conglomerate’s stock worth $114,000 after buying an additional 428 shares during the period. Finally, Invictus RG acquired a new stake in Honeywell during the 3rd quarter worth approximately $117,000. Institutional investors own 75.17% of the company’s stock.

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Honeywell Company Profile

Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. It operates through four segments: Aerospace; Home and Building Technologies; Performance Materials and Technologies; and Safety and Productivity Solutions. The Aerospace segment supplies products, software, and services for aircraft and vehicles that it sells to original equipment manufacturers and other customers in various markets, including air transport, regional, business and general aviation aircraft, airlines, aircraft operators, defense and space contractors, and automotive and truck manufacturers.

Analyst Recommendations for Honeywell (NYSE:HON)

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