Honeywell (NYSE:HON) had its target price upped by Stifel Nicolaus from $157.00 to $175.00 in a report released on Monday morning, Marketbeat reports. Stifel Nicolaus currently has a buy rating on the conglomerate’s stock.
HON has been the subject of several other research reports. Robert W. Baird restated a buy rating and set a $187.00 price target on shares of Honeywell in a research note on Friday, January 26th. Bank of America raised their price target 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. TheStreet lowered shares of Honeywell from an a+ rating to a c+ rating in a research note on Friday, January 26th. ValuEngine upgraded shares of Honeywell from a hold rating to a buy rating in a research note on Friday, February 2nd. Finally, Cowen restated a buy rating and set a $168.00 price target on shares of Honeywell in a research note on Monday, January 22nd. Two analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. The stock presently has an average rating of Buy and a consensus target price of $167.47.
NYSE:HON opened at $146.80 on Monday. The company has a quick ratio of 1.11, a current ratio of 1.36 and a debt-to-equity ratio of 0.72. The stock has a market capitalization of $109,963.02, a price-to-earnings ratio of 20.65, a PEG ratio of 1.97 and a beta of 0.97. Honeywell has a 52 week low of $129.00 and a 52 week high of $165.13.
Honeywell (NYSE:HON) last posted its quarterly earnings data on Friday, April 20th. The conglomerate reported $1.95 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.89 by $0.06. The firm had revenue of $10.39 billion during the quarter, compared to analyst estimates of $10.03 billion. Honeywell had a net margin of 4.26% and a return on equity of 29.25%. The company’s revenue for the quarter was up 9.5% on a year-over-year basis. During the same quarter last year, the business posted $1.71 EPS. equities analysts forecast that Honeywell will post 8.01 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 8th. Investors of record on Friday, May 18th will be paid a $0.745 dividend. The ex-dividend date is Thursday, May 17th. This represents a $2.98 dividend on an annualized basis and a yield of 2.03%. Honeywell’s dividend payout ratio is 41.91%.
In related news, Director Jaime Chico /Fa Pardo sold 2,868 shares of Honeywell stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $156.36, for a total value of $448,440.48. Following the completion of the transaction, the director now directly owns 41,092 shares in the company, valued at approximately $6,425,145.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Linnet F. Deily sold 2,886 shares of Honeywell 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 transaction, the director now owns 9,105 shares of the company’s stock, valued at $1,344,899.55. The disclosure for this sale can be found here. 1.33% of the stock is currently owned by insiders.
A number of institutional investors have recently added to or reduced their stakes in HON. BlackRock Inc. boosted its holdings in Honeywell 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 purchasing an additional 2,627,000 shares during the period. Ameriprise Financial Inc. boosted its holdings in Honeywell 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 purchasing an additional 207,142 shares during the period. Geode Capital Management LLC boosted its holdings in Honeywell 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 purchasing an additional 369,046 shares during the period. Clearbridge Investments LLC boosted its holdings in Honeywell by 3.2% in the 4th quarter. Clearbridge Investments LLC now owns 6,052,733 shares of the conglomerate’s stock valued at $928,247,000 after purchasing an additional 187,212 shares during the period. Finally, Wells Fargo & Company MN boosted its holdings in Honeywell by 4.1% in the 4th quarter. Wells Fargo & Company MN now owns 4,880,271 shares of the conglomerate’s stock valued at $748,439,000 after purchasing an additional 193,523 shares during the period. Institutional investors and hedge funds own 75.17% of the company’s stock.
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.
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