Honeywell International (NYSE:HON) had its price objective increased by Citigroup from $189.00 to $197.00 in a research note published on Monday, BenzingaRatingsTable reports. Citigroup currently has a buy rating on the conglomerate’s stock.

HON has been the subject of several other research reports. Barclays raised their price objective on shares of Honeywell International from $186.00 to $187.00 and gave the stock an overweight rating in a research note on Friday, July 19th. Royal Bank of Canada set a $177.00 price objective on shares of Honeywell International and gave the stock a buy rating in a research note on Friday, July 19th. Cowen reissued a buy rating and issued a $180.00 price objective on shares of Honeywell International in a research note on Friday, August 2nd. ValuEngine downgraded shares of Honeywell International from a buy rating to a hold rating in a research note on Tuesday, August 6th. Finally, Morgan Stanley raised their price objective on shares of Honeywell International from $183.00 to $188.00 and gave the stock an overweight rating in a research note on Friday, July 19th. Four equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. Honeywell International currently has an average rating of Buy and an average price target of $183.58.

Shares of NYSE HON opened at $168.63 on Monday. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.19 and a quick ratio of 0.96. The company has a market cap of $122.04 billion, a P/E ratio of 21.31, a PEG ratio of 2.26 and a beta of 1.10. Honeywell International has a 1 year low of $123.48 and a 1 year high of $178.47. The firm has a 50-day simple moving average of $166.48 and a two-hundred day simple moving average of $166.55.

Honeywell International (NYSE:HON) last announced its quarterly earnings data on Thursday, July 18th. The conglomerate reported $2.10 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.08 by $0.02. The business had revenue of $9.24 billion during the quarter, compared to the consensus estimate of $9.37 billion. Honeywell International had a net margin of 18.17% and a return on equity of 32.02%. The firm’s quarterly revenue was down 15.3% compared to the same quarter last year. During the same quarter last year, the firm earned $2.12 earnings per share. As a group, equities research analysts expect that Honeywell International will post 8.1 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Friday, August 16th were paid a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a dividend yield of 1.95%. The ex-dividend date was Thursday, August 15th. Honeywell International’s dividend payout ratio is presently 40.95%.

In other news, CEO Rajeev Gautam sold 10,984 shares of Honeywell International stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $163.88, for a total transaction of $1,800,057.92. Following the completion of the sale, the chief executive officer now owns 28,920 shares of the company’s stock, valued at $4,739,409.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jaime Chico Pardo sold 7,000 shares of Honeywell International stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $165.92, for a total transaction of $1,161,440.00. Following the sale, the director now directly owns 7,103 shares of the company’s stock, valued at approximately $1,178,529.76. The disclosure for this sale can be found here. Insiders have sold 25,133 shares of company stock valued at $4,141,655 in the last ninety days. Insiders own 0.73% of the company’s stock.

Several institutional investors have recently bought and sold shares of HON. Joseph P. Lucia & Associates LLC bought a new stake in shares of Honeywell International during the first quarter valued at approximately $25,000. Lenox Wealth Advisors LLC raised its stake in Honeywell International by 453.8% in the second quarter. Lenox Wealth Advisors LLC now owns 144 shares of the conglomerate’s stock worth $25,000 after buying an additional 118 shares in the last quarter. Krane Funds Advisors LLC bought a new position in Honeywell International in the second quarter worth approximately $25,000. Mackey Komara & Dankovich LLC bought a new position in Honeywell International in the first quarter worth approximately $29,000. Finally, Mcmillion Capital Management Inc. bought a new position in Honeywell International in the second quarter worth approximately $31,000. 75.85% of the stock is owned by hedge funds and other institutional investors.

About Honeywell International

Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. Its Aerospace segment supplies products, software, and services for aircrafts and vehicles. This segment offers auxiliary power units, propulsion engines, integrated avionics, environmental control and electric power systems, engine controls, flight safety, communications, navigation hardware, data and software applications, radar and surveillance systems, aircraft lighting, advanced systems and instruments, satellite and space components, and aircraft wheels and brakes; spare parts; repair, overhaul, and maintenance services; and connected solutions and data services for the aftermarket, as well as provides wireless connectivity and management and technical services.

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Analyst Recommendations for Honeywell International (NYSE:HON)

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