Honeywell International (NASDAQ:HON) Shares Down 1.5%

Honeywell International Inc. (NASDAQ:HON)’s stock price was down 1.5% during mid-day trading on Thursday . The company traded as low as $191.61 and last traded at $191.82. Approximately 1,274,342 shares were traded during trading, a decline of 57% from the average daily volume of 2,983,216 shares. The stock had previously closed at $194.79.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on HON. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $215.00 price target (down previously from $227.00) on shares of Honeywell International in a report on Tuesday, April 16th. StockNews.com downgraded shares of Honeywell International from a “buy” rating to a “hold” rating in a report on Friday. Royal Bank of Canada cut their price target on shares of Honeywell International from $210.00 to $209.00 and set a “sector perform” rating for the company in a report on Friday, February 2nd. Barclays upped their price target on shares of Honeywell International from $230.00 to $232.00 and gave the stock an “overweight” rating in a report on Tuesday, April 2nd. Finally, Berenberg Bank raised shares of Honeywell International from a “hold” rating to a “buy” rating and upped their price target for the stock from $195.00 to $240.00 in a report on Wednesday, March 6th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $219.67.

Honeywell International Stock Performance

The firm has a market cap of $125.97 billion, a P/E ratio of 22.42, a P/E/G ratio of 2.21 and a beta of 1.02. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.93 and a current ratio of 1.66. The company’s 50 day moving average is $198.18 and its 200 day moving average is $196.27.

Honeywell International (NASDAQ:HON) last issued its quarterly earnings data on Thursday, April 25th. The conglomerate reported $2.25 EPS for the quarter, beating the consensus estimate of $2.17 by $0.08. The business had revenue of $9.11 billion during the quarter, compared to the consensus estimate of $9.03 billion. Honeywell International had a net margin of 15.52% and a return on equity of 35.88%. The firm’s revenue was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.07 EPS. As a group, equities analysts predict that Honeywell International Inc. will post 9.96 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 2.23%. The ex-dividend date of this dividend was Thursday, February 29th. Honeywell International’s dividend payout ratio (DPR) is currently 50.06%.

Insider Buying and Selling at Honeywell International

In other Honeywell International news, Director Darius Adamczyk sold 25,500 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $197.19, for a total value of $5,028,345.00. Following the completion of the transaction, the director now directly owns 183,400 shares in the company, valued at approximately $36,164,646. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.41% of the company’s stock.

Hedge Funds Weigh In On Honeywell International

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Patriot Financial Group Insurance Agency LLC increased its position in shares of Honeywell International by 5.3% during the third quarter. Patriot Financial Group Insurance Agency LLC now owns 1,780 shares of the conglomerate’s stock worth $329,000 after buying an additional 89 shares during the period. Connecticut Wealth Management LLC lifted its stake in shares of Honeywell International by 176.6% in the third quarter. Connecticut Wealth Management LLC now owns 5,093 shares of the conglomerate’s stock valued at $941,000 after buying an additional 3,252 shares in the last quarter. KRS Capital Management LLC lifted its stake in shares of Honeywell International by 9.9% in the third quarter. KRS Capital Management LLC now owns 8,054 shares of the conglomerate’s stock valued at $1,488,000 after buying an additional 727 shares in the last quarter. First Personal Financial Services lifted its position in shares of Honeywell International by 75.5% during the third quarter. First Personal Financial Services now owns 1,820 shares of the conglomerate’s stock valued at $336,000 after purchasing an additional 783 shares in the last quarter. Finally, Town & Country Bank & Trust CO dba First Bankers Trust CO lifted its position in shares of Honeywell International by 4.4% during the third quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 19,336 shares of the conglomerate’s stock valued at $3,572,000 after purchasing an additional 809 shares in the last quarter. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Honeywell International Company Profile

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.