Honeywell International Inc. (HON) Given Average Rating of “Buy” by Brokerages
Shares of Honeywell International Inc. (NYSE:HON) have been given an average recommendation of “Buy” by the eighteen research firms that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation and seventeen have issued a buy recommendation on the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $141.24.
HON has been the topic of a number of research analyst reports. Jefferies Group LLC reissued a “buy” rating and issued a $155.00 target price (up previously from $141.00) on shares of Honeywell International in a research report on Monday, July 24th. Cowen and Company reissued a “buy” rating and issued a $140.00 target price on shares of Honeywell International in a research report on Monday, July 17th. BidaskClub lowered Honeywell International from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, June 28th. Zacks Investment Research raised Honeywell International from a “hold” rating to a “buy” rating and set a $150.00 target price on the stock in a research report on Wednesday, June 28th. Finally, HSBC Holdings plc initiated coverage on Honeywell International in a research report on Wednesday, June 21st. They issued a “buy” rating and a $147.00 target price on the stock.
In related news, Director Linnet F. Deily sold 4,344 shares of the stock in a transaction on Monday, August 7th. The stock was sold at an average price of $138.47, for a total value of $601,513.68. Following the transaction, the director now owns 9,753 shares of the company’s stock, valued at $1,350,497.91. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Jennifer H. Mak sold 420 shares of the stock in a transaction on Thursday, July 27th. The shares were sold at an average price of $136.66, for a total value of $57,397.20. Following the completion of the transaction, the vice president now directly owns 1,363 shares in the company, valued at approximately $186,267.58. The disclosure for this sale can be found here. Insiders sold 354,108 shares of company stock worth $48,886,463 in the last three months. 1.56% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Crestwood Advisors Group LLC acquired a new position in Honeywell International in the first quarter valued at $100,000. Hanson McClain Inc. boosted its stake in Honeywell International by 0.4% in the first quarter. Hanson McClain Inc. now owns 810 shares of the conglomerate’s stock valued at $101,000 after acquiring an additional 3 shares in the last quarter. Burt Wealth Advisors boosted its stake in Honeywell International by 65.4% in the second quarter. Burt Wealth Advisors now owns 759 shares of the conglomerate’s stock valued at $101,000 after acquiring an additional 300 shares in the last quarter. Guidant Wealth Advisors boosted its stake in Honeywell International by 15.8% in the second quarter. Guidant Wealth Advisors now owns 764 shares of the conglomerate’s stock valued at $102,000 after acquiring an additional 104 shares in the last quarter. Finally, Mosaic Family Wealth LLC boosted its stake in Honeywell International by 11.4% in the second quarter. Mosaic Family Wealth LLC now owns 762 shares of the conglomerate’s stock valued at $102,000 after acquiring an additional 78 shares in the last quarter. Institutional investors own 75.91% of the company’s stock.
Honeywell International (NYSE HON) traded up 1.27% on Friday, reaching $138.95. The company’s stock had a trading volume of 4,594,069 shares. The company has a 50 day moving average of $137.53 and a 200 day moving average of $132.16. Honeywell International has a 52 week low of $105.25 and a 52 week high of $140.21. The firm has a market capitalization of $105.68 billion, a price-to-earnings ratio of 21.54 and a beta of 0.94.
Honeywell International (NYSE:HON) last announced its earnings results on Friday, July 21st. The conglomerate reported $1.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.78 by $0.02. The company had revenue of $10.08 billion for the quarter, compared to analyst estimates of $9.89 billion. Honeywell International had a return on equity of 26.60% and a net margin of 12.68%. The firm’s quarterly revenue was up .9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.70 earnings per share. On average, analysts forecast that Honeywell International will post $7.09 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 8th. Investors of record on Friday, August 18th were issued a $0.665 dividend. This represents a $2.66 annualized dividend and a yield of 1.91%. The ex-dividend date was Wednesday, August 16th. Honeywell International’s dividend payout ratio (DPR) is presently 41.24%.
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Honeywell International Company Profile
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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