Honeywell International Inc. (HON) Receives $124.77 Consensus Target Price from Analysts
Honeywell International Inc. (NYSE:HON) has been assigned an average recommendation of “Buy” from the twenty research firms that are covering the company. Three research analysts have rated the stock with a hold recommendation, fifteen have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $125.14.
A number of analysts have issued reports on the stock. Vetr upgraded shares of Honeywell International from a “buy” rating to a “strong-buy” rating and set a $132.24 target price for the company in a research note on Wednesday, November 16th. Zacks Investment Research upgraded shares of Honeywell International from a “sell” rating to a “hold” rating in a research note on Friday, October 28th. Argus reiterated a “buy” rating on shares of Honeywell International in a research note on Monday, October 24th. Barclays PLC set a $128.00 target price on shares of Honeywell International and gave the company a “buy” rating in a research note on Wednesday, October 12th. Finally, Oppenheimer Holdings Inc. reiterated an “outperform” rating and issued a $122.00 target price (down from $128.00) on shares of Honeywell International in a research note on Wednesday, October 12th.
Honeywell International (NYSE:HON) opened at 112.09 on Wednesday. The firm has a market capitalization of $85.43 billion, a price-to-earnings ratio of 17.54 and a beta of 0.94. The firm’s 50-day moving average is $111.01 and its 200 day moving average is $114.39. Honeywell International has a one year low of $93.71 and a one year high of $120.02.
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 consensus estimate of $1.70 by $0.03. The company had revenue of $9.80 billion for the quarter, compared to analyst estimates of $9.78 billion. Honeywell International had a return on equity of 26.60% and a net margin of 12.47%. The business’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.60 earnings per share. Analysts forecast that Honeywell International will post $6.60 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 9th. Stockholders of record on Friday, November 18th will be paid a $0.665 dividend. This represents a $2.66 annualized dividend and a dividend yield of 2.37%. The ex-dividend date is Wednesday, November 16th. This is an increase from Honeywell International’s previous quarterly dividend of $0.60. Honeywell International’s payout ratio is currently 42.09%.
In other news, Director Bradley T. Sheares sold 3,000 shares of the business’s stock in a transaction 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 owns 7,288 shares in the company, valued at approximately $801,607.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.83% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently modified their holdings of the company. Schonfeld Strategic Advisors LLC bought a new position in shares of Honeywell International during the first quarter valued at about $1,605,000. LPL Financial LLC increased its position in shares of Honeywell International by 52.7% in the first quarter. LPL Financial LLC now owns 416,083 shares of the company’s stock valued at $46,510,000 after buying an additional 143,685 shares during the period. Panagora Asset Management Inc. increased its position in shares of Honeywell International by 31.6% in the first quarter. Panagora Asset Management Inc. now owns 317,482 shares of the company’s stock valued at $35,574,000 after buying an additional 76,249 shares during the period. Eachwin Capital LP bought a new position in shares of Honeywell International during the first quarter valued at about $515,000. Finally, Babson Capital Management LLC increased its position in shares of Honeywell International by 3.9% in the first quarter. Babson Capital Management LLC now owns 72,497 shares of the company’s stock valued at $8,123,000 after buying an additional 2,750 shares during the period. Institutional investors and hedge funds own 75.84% of the company’s stock.
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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