Honeywell International’s (HON) Hold Rating Reiterated at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft reissued their hold rating on shares of Honeywell International (NASDAQ:HON) in a report published on Tuesday, MarketBeat.com reports. They currently have a $215.00 price objective on the conglomerate’s stock, down from their prior price objective of $227.00.

A number of other research analysts also recently weighed in on the company. Royal Bank of Canada cut their price objective on Honeywell International from $210.00 to $209.00 and set a sector perform rating on the stock in a research note on Friday, February 2nd. Berenberg Bank raised Honeywell International from a hold rating to a buy rating and raised their price objective for the company from $195.00 to $240.00 in a research note on Wednesday, March 6th. Wells Fargo & Company raised their price objective on Honeywell International from $190.00 to $213.00 and gave the company an equal weight rating in a research note on Tuesday, December 19th. Finally, Barclays lifted their price target on Honeywell International from $230.00 to $232.00 and gave the stock an overweight rating in a research report on Tuesday, April 2nd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of Hold and a consensus price target of $219.67.

Honeywell International Stock Up 0.4 %

Shares of Honeywell International stock opened at $191.08 on Tuesday. The firm has a market cap of $124.43 billion, a price-to-earnings ratio of 22.56, a P/E/G ratio of 2.18 and a beta of 1.02. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.27 and a quick ratio of 0.93. Honeywell International has a 52-week low of $174.88 and a 52-week high of $210.87. The stock has a 50-day simple moving average of $198.36 and a 200-day simple moving average of $195.79.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings results on Thursday, February 1st. The conglomerate reported $2.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.59 by $0.01. Honeywell International had a return on equity of 35.17% and a net margin of 15.43%. The business had revenue of $9.44 billion during the quarter, compared to analyst estimates of $9.70 billion. During the same period in the previous year, the company earned $2.52 EPS. The firm’s revenue was up 2.8% on a year-over-year basis. On average, equities research analysts expect that Honeywell International will post 9.94 earnings per share for the current fiscal year.

Honeywell International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were given a $1.08 dividend. This represents a $4.32 annualized dividend and a yield of 2.26%. The ex-dividend date of this dividend was Thursday, February 29th. Honeywell International’s dividend payout ratio is currently 51.00%.

Insider Activity

In other news, Director Darius Adamczyk sold 25,500 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $197.19, for a total transaction of $5,028,345.00. Following the sale, the director now directly owns 183,400 shares in the company, valued at $36,164,646. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.41% of the stock is currently owned by company insiders.

Institutional Trading of Honeywell International

Institutional investors and hedge funds have recently modified their holdings of the company. Altshuler Shaham Ltd acquired a new stake in Honeywell International in the 4th quarter valued at $27,000. Scarborough Advisors LLC acquired a new stake in Honeywell International in the 4th quarter valued at $27,000. Point72 Europe London LLP acquired a new stake in Honeywell International in the 4th quarter valued at $28,000. Cordant Inc. acquired a new stake in Honeywell International in the 4th quarter valued at $31,000. Finally, Rakuten Securities Inc. acquired a new stake in Honeywell International in the 4th quarter valued at $31,000. 75.91% of the stock is currently owned by institutional investors.

About Honeywell International

Honeywell International Inc engages in the aerospace technologies, building automation, energy and sustainable solutions, and industrial automation businesses in the United States, Europe, and internationally. The company's Aerospace 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 thermal systems, as well as wireless connectivity services.