Honeywell International Inc. (HON) Upgraded at Vetr Inc.
Vetr upgraded shares of Honeywell International Inc. (NYSE:HON) from a buy rating to a strong-buy rating in a research report released on Wednesday morning. Vetr currently has $132.24 price target on the stock.
Several other equities analysts have also issued reports on HON. Stifel Nicolaus cut their price target on Honeywell International from $129.00 to $125.00 and set a buy rating on the stock in a research note on Monday, July 25th. Barclays PLC upped their price target on Honeywell International from $127.00 to $131.00 and gave the company an overweight rating in a research note on Monday, July 25th. Citigroup Inc. reaffirmed a buy rating and set a $132.00 price target on shares of Honeywell International in a research note on Tuesday, July 26th. Oppenheimer Holdings Inc. reaffirmed an outperform rating and set a $128.00 price target on shares of Honeywell International in a research note on Monday, July 25th. Finally, Sanford C. Bernstein reaffirmed an outperform rating and set a $135.00 price target on shares of Honeywell International in a research note on Monday, July 25th. Three equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of Buy and an average target price of $125.48.
Shares of Honeywell International (NYSE:HON) opened at 112.09 on Wednesday. Honeywell International has a 1-year low of $93.71 and a 1-year high of $120.02. The stock has a market cap of $85.43 billion, a price-to-earnings ratio of 17.54 and a beta of 0.94. The stock’s 50 day moving average is $110.51 and its 200-day moving average is $114.32.
Honeywell International (NYSE:HON) last announced its 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 business had revenue of $9.80 billion for the quarter, compared to the consensus estimate of $9.78 billion. Honeywell International had a return on equity of 26.60% and a net margin of 12.47%. Honeywell International’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.60 EPS. On average, analysts anticipate that Honeywell International will post $6.60 EPS for the current year.
The firm also recently declared 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 is a positive change from Honeywell International’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend is Wednesday, November 16th. This represents a $2.66 annualized dividend and a dividend yield of 2.37%. Honeywell International’s dividend payout ratio (DPR) is presently 42.09%.
In other news, Director Bradley T. Sheares sold 3,000 shares of Honeywell International stock in a transaction on Monday, November 7th. The stock was sold at an average price of $109.99, for a total value of $329,970.00. Following the transaction, 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 SEC, which is available at the SEC website. 1.83% of the stock is owned by insiders.
Institutional investors have recently modified their holdings of the stock. Krilogy Financial LLC raised its position in shares of Honeywell International by 0.3% in the second quarter. Krilogy Financial LLC now owns 2,539 shares of the company’s stock valued at $295,000 after buying an additional 8 shares during the last quarter. Reilly Financial Advisors LLC raised its stake in shares of Honeywell International by 1.1% in the third quarter. Reilly Financial Advisors LLC now owns 888 shares of the company’s stock worth $104,000 after buying an additional 10 shares in the last quarter. Alpha Windward LLC raised its stake in shares of Honeywell International by 0.7% in the third quarter. Alpha Windward LLC now owns 1,688 shares of the company’s stock worth $197,000 after buying an additional 11 shares in the last quarter. Kanaly Trust Co raised its stake in shares of Honeywell International by 0.8% in the second quarter. Kanaly Trust Co now owns 1,823 shares of the company’s stock worth $212,000 after buying an additional 14 shares in the last quarter. Finally, Alpha Cubed Investments LLC raised its stake in shares of Honeywell International by 0.4% in the third quarter. Alpha Cubed Investments LLC now owns 3,708 shares of the company’s stock worth $432,000 after buying an additional 14 shares in the last quarter. Institutional investors 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.
To view Vetr’s full report, visit Vetr’s official website.
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