Honeywell International Inc. (HON) Stock Rating Upgraded by Vetr Inc.
Honeywell International Inc. (NYSE:HON) was upgraded by equities researchers at Vetr from a “hold” rating to a “buy” rating in a report issued on Wednesday. The brokerage currently has a $125.58 price objective on the stock. Vetr‘s price target would suggest a potential upside of 10.95% from the company’s previous close.
A number of other equities analysts have also commented on HON. Stifel Nicolaus cut their price target on Honeywell International from $129.00 to $125.00 and set a “buy” rating for the company in a report on Monday, July 25th. 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 report on Monday, July 25th. Citigroup Inc. reiterated a “buy” rating and issued a $132.00 price objective on shares of Honeywell International in a research report on Tuesday, July 26th. Oppenheimer Holdings Inc. reiterated an “outperform” rating and issued a $128.00 price objective on shares of Honeywell International in a research report on Monday, July 25th. Finally, Sanford C. Bernstein reiterated an “outperform” rating and issued a $135.00 price objective on shares of Honeywell International in a research report on Monday, July 25th. Three investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $125.15.
Shares of Honeywell International (NYSE:HON) opened at 113.19 on Wednesday. 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 $86.26 billion, a price-to-earnings ratio of 17.71 and a beta of 0.94. The company’s 50-day moving average price is $111.11 and its 200-day moving average price is $114.39.
Honeywell International (NYSE:HON) last posted its quarterly earnings results on Friday, October 21st. The company reported $1.67 EPS for the quarter, missing the Zacks’ consensus estimate of $1.70 by $0.03. Honeywell International had a return on equity of 26.60% and a net margin of 12.47%. The company earned $9.80 billion during the quarter, compared to the consensus estimate of $9.78 billion. During the same period in the previous year, the business earned $1.60 earnings per share. Honeywell International’s revenue was up 2.0% on a year-over-year basis. Analysts anticipate that Honeywell International will post $6.60 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 9th. Shareholders of record on Friday, November 18th will be given a dividend of $0.665 per share. This represents a $2.66 annualized dividend and a yield of 2.35%. This is a boost from Honeywell International’s previous quarterly dividend of $0.60. The ex-dividend date is Wednesday, November 16th. Honeywell International’s payout ratio is presently 37.66%.
In other Honeywell International news, SVP Katherine L. Adams sold 108,712 shares of Honeywell International stock in a transaction that occurred on Monday, August 15th. The stock was sold at an average price of $116.13, for a total transaction of $12,624,724.56. Following the sale, the senior vice president now directly owns 224,530 shares of the company’s stock, valued at approximately $26,074,668.90. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Bradley T. Sheares sold 3,000 shares of Honeywell International stock in a transaction that occurred on Monday, November 7th. The shares were sold at an average price of $109.99, for a total value of $329,970.00. Following the sale, the director now directly owns 7,288 shares in the company, valued at $801,607.12. The disclosure for this sale can be found here. Company insiders own 1.83% of the company’s stock.
Hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in Honeywell International by 3.7% in the second quarter. Vanguard Group Inc. now owns 44,675,101 shares of the company’s stock valued at $5,196,607,000 after buying an additional 1,587,804 shares during the last quarter. FMR LLC boosted its stake in shares of Honeywell International by 2.7% in the second quarter. FMR LLC now owns 13,721,682 shares of the company’s stock worth $1,596,106,000 after buying an additional 358,668 shares in the last quarter. Morgan Stanley boosted its stake in shares of Honeywell International by 4.1% in the third quarter. Morgan Stanley now owns 11,693,854 shares of the company’s stock worth $1,363,390,000 after buying an additional 455,732 shares in the last quarter. BlackRock Fund Advisors boosted its stake in shares of Honeywell International by 3.1% in the third quarter. BlackRock Fund Advisors now owns 9,259,195 shares of the company’s stock worth $1,079,530,000 after buying an additional 278,923 shares in the last quarter. Finally, Janus Capital Management LLC boosted its stake in shares of Honeywell International by 0.6% in the second quarter. Janus Capital Management LLC now owns 5,883,115 shares of the company’s stock worth $684,307,000 after buying an additional 34,400 shares in the last quarter. 76.53% of the stock is currently owned by institutional investors and hedge funds.
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.
Receive News & Stock Ratings for Honeywell International Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Honeywell International Inc. and related stocks with our FREE daily email newsletter.