Robert W. Baird Begins Coverage on Honeywell International Inc. (HON)
Equities research analysts at Robert W. Baird began coverage on shares of Honeywell International Inc. (NYSE:HON) in a research note issued to investors on Thursday. The firm set an “outperform” rating and a $135.00 price target on the stock. Robert W. Baird’s price target indicates a potential upside of 17.13% from the stock’s previous close.
A number of other equities analysts also recently weighed in on HON. Credit Suisse Group AG reissued a “hold” rating on shares of Honeywell International in a research note on Saturday, July 9th. Barclays PLC lifted their target price on shares of Honeywell International from $127.00 to $131.00 and gave the stock an “overweight” rating in a research note on Monday, July 25th. Stifel Nicolaus lowered their target price on shares of Honeywell International from $129.00 to $125.00 and set a “buy” rating for the company in a research note on Monday, July 25th. Citigroup Inc. reissued a “buy” rating and set a $132.00 target price on shares of Honeywell International in a research note on Tuesday, July 26th. Finally, Oppenheimer Holdings Inc. restated an “outperform” rating and issued a $128.00 price target on shares of Honeywell International in a report on Monday, July 25th. Six research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $122.98.
Honeywell International (NYSE:HON) opened at 115.26 on Thursday. The stock has a 50 day moving average of $115.60 and a 200 day moving average of $115.15. The firm has a market cap of $87.70 billion, a price-to-earnings ratio of 18.23 and a beta of 1.05. Honeywell International has a one year low of $93.71 and a one year high of $120.02.
Honeywell International (NYSE:HON) last announced its earnings results on Friday, July 22nd. The company reported $1.66 earnings per share for the quarter, topping analysts’ consensus estimates of $1.64 by $0.02. Honeywell International had a net margin of 12.60% and a return on equity of 26.84%. The business earned $9.78 billion during the quarter, compared to the consensus estimate of $10.13 billion. During the same quarter last year, the firm earned $1.51 earnings per share. Honeywell International’s quarterly revenue was up 2.2% on a year-over-year basis. Equities research analysts predict that Honeywell International will post $6.67 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 9th. Stockholders of record on Friday, August 19th were given a $0.595 dividend. This represents a $2.38 annualized dividend and a dividend yield of 2.06%. The ex-dividend date of this dividend was Wednesday, August 17th. Honeywell International’s dividend payout ratio (DPR) is currently 37.66%.
In other news, Vice Chairman Andreas Kramvis sold 1,850 shares of the business’s stock in a transaction that occurred on Thursday, July 28th. The shares were sold at an average price of $114.80, for a total value of $212,380.00. Following the sale, the insider now owns 66,441 shares of the company’s stock, valued at $7,627,426.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Timothy O. Mahoney sold 600 shares of the business’s stock in a transaction that occurred on Thursday, August 4th. The shares were sold at an average price of $116.29, for a total transaction of $69,774.00. Following the completion of the sale, the insider now directly owns 68,398 shares in the company, valued at approximately $7,954,003.42. The disclosure for this sale can be found here. 1.83% of the stock is currently owned by insiders.
Hedge funds have recently bought and sold shares of the stock. Aperio Group LLC boosted its position in shares of Honeywell International by 9.3% in the first quarter. Aperio Group LLC now owns 337,410 shares of the company’s stock valued at $37,807,000 after buying an additional 28,631 shares in the last quarter. Commonwealth Equity Services Inc boosted its position in shares of Honeywell International by 4.9% in the first quarter. Commonwealth Equity Services Inc now owns 148,432 shares of the company’s stock valued at $16,632,000 after buying an additional 6,876 shares in the last quarter. Telemus Capital LLC boosted its position in shares of Honeywell International by 25.1% in the first quarter. Telemus Capital LLC now owns 3,321 shares of the company’s stock valued at $372,000 after buying an additional 666 shares in the last quarter. Apex Capital Management purchased a new position in shares of Honeywell International during the first quarter valued at approximately $692,000. Finally, Albert D Mason Inc. boosted its position in shares of Honeywell International by 16.5% in the first quarter. Albert D Mason Inc. now owns 12,380 shares of the company’s stock valued at $1,387,000 after buying an additional 1,750 shares in the last quarter. 76.50% of the stock is currently owned by institutional investors.
About Honeywell International
Honeywell International Inc (Honeywell) is a technology and manufacturing company. The Company operates in three segments: Aerospace, Automation and Control Solutions (ACS), and Performance Materials and Technologies (PMT). Its Aerospace segment supplies aircraft engines, integrated avionics, systems and service solutions, and related products and services for aircraft manufacturers, airlines, aircraft operators, military services, and defense and space contractors.
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