Honeywell International Inc. (HON) Receives $138.68 Average PT from Brokerages
Shares of Honeywell International Inc. (NYSE:HON) have been assigned a consensus recommendation of “Buy” from the eighteen research firms that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation and seventeen have given a buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $141.18.
HON has been the topic of several analyst reports. Zacks Investment Research raised Honeywell International from a “hold” rating to a “buy” rating and set a $151.00 target price on the stock in a research report on Thursday, July 20th. BidaskClub lowered Honeywell International from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Royal Bank Of Canada increased their target price on Honeywell International from $145.00 to $148.00 and gave the stock an “outperform” rating in a research report on Monday, July 24th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $155.00 target price on shares of Honeywell International in a research report on Tuesday, August 22nd. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $141.00 target price (up from $137.00) on shares of Honeywell International in a research report on Thursday, June 22nd.
In related news, VP Jennifer H. Mak sold 420 shares of the firm’s stock in a transaction dated Thursday, July 27th. The stock was sold at an average price of $136.66, for a total transaction of $57,397.20. Following the completion of the transaction, the vice president now owns 1,363 shares of the company’s stock, valued at $186,267.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Thomas A. Szlosek sold 803 shares of the firm’s stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $137.02, for a total value of $110,027.06. Following the transaction, the chief financial officer now directly owns 5,702 shares of the company’s stock, valued at approximately $781,288.04. The disclosure for this sale can be found here. Insiders have sold 354,108 shares of company stock valued at $48,886,463 in the last ninety days. Company insiders own 1.56% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Crestwood Advisors Group LLC bought a new position in Honeywell International during the first quarter worth $100,000. Peoples Financial Services CORP. raised its position in Honeywell International by 62.2% in the first quarter. Peoples Financial Services CORP. now owns 811 shares of the conglomerate’s stock worth $101,000 after buying an additional 311 shares during the period. Hanson McClain Inc. raised its position in Honeywell International by 0.4% in the first quarter. Hanson McClain Inc. now owns 810 shares of the conglomerate’s stock worth $101,000 after buying an additional 3 shares during the period. Burt Wealth Advisors raised its position in Honeywell International by 65.4% in the second quarter. Burt Wealth Advisors now owns 759 shares of the conglomerate’s stock worth $101,000 after buying an additional 300 shares during the period. Finally, Guidant Wealth Advisors raised its position in Honeywell International by 15.8% in the second quarter. Guidant Wealth Advisors now owns 764 shares of the conglomerate’s stock worth $102,000 after buying an additional 104 shares during the period. 75.89% of the stock is owned by institutional investors and hedge funds.
Honeywell International (NYSE HON) traded up 0.04% during mid-day trading on Wednesday, reaching $136.87. 649,594 shares of the company’s stock traded hands. The stock has a market capitalization of $104.10 billion, a PE ratio of 21.22 and a beta of 0.94. Honeywell International has a 52 week low of $105.25 and a 52 week high of $140.21. The stock’s 50 day moving average is $136.74 and its 200-day moving average is $130.72.
Honeywell International (NYSE:HON) last issued its earnings results on Friday, July 21st. The conglomerate reported $1.80 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.78 by $0.02. Honeywell International had a return on equity of 26.60% and a net margin of 12.68%. The firm had revenue of $10.08 billion for the quarter, compared to analyst estimates of $9.89 billion. During the same period last year, the company earned $1.70 earnings per share. The firm’s revenue for the quarter was up .9% on a year-over-year basis. On average, equities analysts anticipate that Honeywell International will post $7.09 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 8th. Investors of record on Friday, August 18th will be paid a dividend of $0.665 per share. The ex-dividend date is Wednesday, August 16th. This represents a $2.66 annualized dividend and a yield of 1.94%. Honeywell International’s dividend payout ratio is currently 41.24%.
About Honeywell International
Honeywell International Inc is a technology and manufacturing company. The Company operates through four segments: Aerospace, Home and Building Technologies, Performance Materials and Technologies, and Safety and Productivity Solutions. The Company’s Aerospace segment supplies products, software and services for aircraft and vehicles that it sells to original equipment manufacturers (OEMs) and other customers.
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