Honeywell International Inc. (HON) Given Hold Rating at Credit Suisse Group AG
Honeywell International Inc. (NYSE:HON)‘s stock had its “hold” rating reiterated by analysts at Credit Suisse Group AG in a research note issued on Friday. They presently have a $113.35 price objective on the stock. Credit Suisse Group AG’s price target would suggest a potential downside of 1.95% from the company’s current price.
A number of other research analysts have also commented on HON. Zacks Investment Research upgraded Honeywell International from a “hold” rating to a “buy” rating and set a $127.00 target price for the company in a research note on Monday, June 27th. Sanford C. Bernstein reiterated an “outperform” rating on shares of Honeywell International in a research note on Monday, June 27th. Morgan Stanley reiterated a “buy” rating and set a $126.00 price objective on shares of Honeywell International in a research note on Thursday, June 30th. Citigroup Inc. reiterated a “buy” rating and set a $132.00 price objective on shares of Honeywell International in a research note on Thursday, June 30th. Finally, Barclays PLC increased their price objective on Honeywell International from $127.00 to $131.00 and gave the stock an “overweight” rating in a research note on Monday, July 25th. Six investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $122.95.
Honeywell International (NYSE:HON) traded down 7.66% during midday trading on Friday, reaching $106.76. 8,806,820 shares of the company traded hands. The company has a 50-day moving average price of $115.59 and a 200-day moving average price of $115.16. Honeywell International has a 12-month low of $93.71 and a 12-month high of $120.02. The company has a market cap of $81.23 billion, a price-to-earnings ratio of 16.89 and a beta of 1.05.
Honeywell International (NYSE:HON) last issued its earnings results on Friday, July 22nd. The company reported $1.66 EPS for the quarter, beating analysts’ consensus estimates of $1.64 by $0.02. The business earned $9.78 billion during the quarter, compared to analyst estimates of $10.13 billion. Honeywell International had a return on equity of 26.84% and a net margin of 12.60%. Honeywell International’s revenue was up 2.2% on a year-over-year basis. During the same period in the prior year, the company posted $1.51 earnings per share. On average, analysts predict that Honeywell International will post $6.68 earnings per share for the current fiscal year.
The business 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. The ex-dividend date was Wednesday, August 17th. This represents a $2.38 dividend on an annualized basis and a dividend yield of 2.06%. Honeywell International’s dividend payout ratio 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 stock was sold at an average price of $114.80, for a total value of $212,380.00. Following the sale, the insider now directly owns 66,441 shares of the company’s stock, valued at approximately $7,627,426.80. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Katherine L. Adams sold 108,712 shares of the business’s stock in a transaction that occurred on Monday, August 15th. The stock was sold at an average price of $116.13, for a total value of $12,624,724.56. Following the completion of the sale, the senior vice president now directly owns 224,530 shares in the company, valued at $26,074,668.90. The disclosure for this sale can be found here. 1.83% of the stock is owned by insiders.
Several hedge funds have recently modified their holdings of the company. Meristem LLP boosted its stake in shares of Honeywell International by 3.0% in the first quarter. Meristem LLP now owns 4,867 shares of the company’s stock worth $545,000 after buying an additional 140 shares in the last quarter. Investment Centers of America Inc. boosted its stake in shares of Honeywell International by 10.5% in the first quarter. Investment Centers of America Inc. now owns 19,817 shares of the company’s stock worth $2,219,000 after buying an additional 1,891 shares in the last quarter. Sii Investments Inc. WI boosted its stake in shares of Honeywell International by 21.2% in the first quarter. Sii Investments Inc. WI now owns 3,536 shares of the company’s stock worth $393,000 after buying an additional 619 shares in the last quarter. Sanders Morris Harris Inc. bought a new stake in shares of Honeywell International during the first quarter worth approximately $856,000. Finally, Arvest Bank Trust Division boosted its stake in shares of Honeywell International by 0.7% in the first quarter. Arvest Bank Trust Division now owns 3,402 shares of the company’s stock worth $381,000 after buying an additional 25 shares in the last quarter. 76.50% of the stock is currently owned by hedge funds and other institutional investors.
Honeywell International Company Profile
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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