Cowen reiterated their buy rating on shares of Honeywell International (NYSE:HON) in a research note released on Friday, AnalystRatings.com reports. Cowen currently has a $180.00 price target on the conglomerate’s stock.
Other equities research analysts have also recently issued reports about the company. Morgan Stanley increased their price target on Honeywell International from $183.00 to $188.00 and gave the company an overweight rating in a research note on Friday, July 19th. Credit Suisse Group raised their price objective on Honeywell International from $185.00 to $187.00 and gave the stock an outperform rating in a research note on Friday, July 19th. ValuEngine upgraded Honeywell International from a hold rating to a buy rating in a research note on Wednesday, May 1st. Citigroup set a $197.00 price objective on Honeywell International and gave the stock a buy rating in a research note on Friday, July 19th. Finally, Jefferies Financial Group raised their price objective on Honeywell International from $190.00 to $195.00 and gave the stock a buy rating in a research note on Friday, July 19th. Three analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. Honeywell International presently has an average rating of Buy and an average target price of $184.08.
Honeywell International stock traded down $3.98 during midday trading on Friday, reaching $164.03. The company’s stock had a trading volume of 73,584 shares, compared to its average volume of 2,244,182. The stock’s 50-day simple moving average is $174.36. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.19 and a quick ratio of 0.96. Honeywell International has a 52-week low of $123.48 and a 52-week high of $178.47. The firm has a market capitalization of $120.88 billion, a PE ratio of 20.46, a P/E/G ratio of 2.24 and a beta of 1.09.
Honeywell International (NYSE:HON) last released its quarterly earnings results on Thursday, July 18th. The conglomerate reported $2.10 EPS for the quarter, beating analysts’ consensus estimates of $2.08 by $0.02. Honeywell International had a return on equity of 32.02% and a net margin of 18.17%. The company had revenue of $9.24 billion during the quarter, compared to analysts’ expectations of $9.37 billion. During the same period last year, the business posted $2.12 earnings per share. The firm’s revenue was down 15.3% compared to the same quarter last year. Equities research analysts predict that Honeywell International will post 8.1 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 6th. Investors of record on Friday, August 16th will be given a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a yield of 2.00%. The ex-dividend date of this dividend is Thursday, August 15th. Honeywell International’s dividend payout ratio is currently 40.95%.
In related news, CEO Vimal Kapur sold 5,000 shares of Honeywell International stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $169.58, for a total transaction of $847,900.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.73% of the stock is currently owned by company insiders.
Institutional investors and hedge funds have recently modified their holdings of the business. Cordasco Financial Network acquired a new stake in Honeywell International in the first quarter valued at approximately $25,000. Joseph P. Lucia & Associates LLC acquired a new stake in shares of Honeywell International in the first quarter worth approximately $25,000. Lenox Wealth Advisors LLC boosted its stake in shares of Honeywell International by 453.8% in the second quarter. Lenox Wealth Advisors LLC now owns 144 shares of the conglomerate’s stock worth $25,000 after acquiring an additional 118 shares during the last quarter. Capital Financial Planning LLC acquired a new stake in shares of Honeywell International in the fourth quarter worth approximately $26,000. Finally, Mackey Komara & Dankovich LLC acquired a new stake in shares of Honeywell International in the first quarter worth approximately $29,000. 76.90% of the stock is currently owned by institutional investors.
Honeywell International Company Profile
Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. Its Aerospace segment supplies products, software, and services for aircrafts and vehicles. This segment offers auxiliary power units, propulsion engines, integrated avionics, environmental control and electric power systems, engine controls, flight safety, communications, navigation hardware, data and software applications, radar and surveillance systems, aircraft lighting, advanced systems and instruments, satellite and space components, and aircraft wheels and brakes; spare parts; repair, overhaul, and maintenance services; and connected solutions and data services for the aftermarket, as well as provides wireless connectivity and management and technical services.
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