Honeywell International (NASDAQ:HON) Stock Price Up 0.2%

Honeywell International Inc. (NASDAQ:HON)’s stock price shot up 0.2% during trading on Wednesday . The stock traded as high as $197.25 and last traded at $197.15. 317,873 shares were traded during mid-day trading, a decline of 89% from the average session volume of 2,983,890 shares. The stock had previously closed at $196.85.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on HON shares. Berenberg Bank upgraded shares of Honeywell International from a “hold” rating to a “buy” rating and raised their target price for the company from $195.00 to $240.00 in a research report on Wednesday, March 6th. Royal Bank of Canada reduced their price objective on Honeywell International from $210.00 to $209.00 and set a “sector perform” rating on the stock in a research report on Friday, February 2nd. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $215.00 price target (down from $227.00) on shares of Honeywell International in a research note on Tuesday, April 16th. StockNews.com lowered shares of Honeywell International from a “buy” rating to a “hold” rating in a report on Thursday, May 2nd. Finally, Barclays boosted their target price 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. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $215.71.

Honeywell International Price Performance

The company has a current ratio of 1.66, a quick ratio of 1.28 and a debt-to-equity ratio of 1.30. The business’s 50-day simple moving average is $197.55 and its two-hundred day simple moving average is $196.94. The firm has a market cap of $128.97 billion, a price-to-earnings ratio of 22.84, a P/E/G ratio of 2.26 and a beta of 1.02.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings data on Thursday, April 25th. The conglomerate reported $2.25 earnings per share for the quarter, topping the consensus estimate of $2.17 by $0.08. The firm had revenue of $9.11 billion during the quarter, compared to analyst estimates of $9.03 billion. Honeywell International had a return on equity of 35.88% and a net margin of 15.52%. The business’s quarterly revenue was up 2.7% on a year-over-year basis. During the same period last year, the company posted $2.07 EPS. As a group, research analysts expect that Honeywell International Inc. will post 9.94 EPS for the current fiscal year.

Honeywell International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 7th. Shareholders of record on Friday, May 17th will be paid a $1.08 dividend. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $4.32 dividend on an annualized basis and a yield of 2.18%. Honeywell International’s dividend payout ratio (DPR) is presently 50.06%.

Insider Transactions at Honeywell International

In other Honeywell International news, CFO Gregory P. Lewis sold 25,209 shares of the firm’s stock in a transaction on Monday, April 29th. The shares were sold at an average price of $193.06, for a total value of $4,866,849.54. Following the transaction, the chief financial officer now directly owns 55,471 shares of the company’s stock, valued at $10,709,231.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Darius Adamczyk sold 25,500 shares of the stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $197.19, for a total value of $5,028,345.00. Following the completion of the sale, the director now directly owns 183,400 shares of the company’s stock, valued at $36,164,646. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Gregory P. Lewis sold 25,209 shares of Honeywell International stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $193.06, for a total value of $4,866,849.54. Following the transaction, the chief financial officer now directly owns 55,471 shares in the company, valued at approximately $10,709,231.26. The disclosure for this sale can be found here. 0.41% of the stock is owned by insiders.

Hedge Funds Weigh In On Honeywell International

Several large investors have recently bought and sold shares of HON. Altshuler Shaham Ltd bought a new stake in Honeywell International during the fourth quarter worth $27,000. Scarborough Advisors LLC purchased a new position in shares of Honeywell International in the 4th quarter worth about $27,000. Cordant Inc. bought a new position in Honeywell International during the fourth quarter valued at about $31,000. Rakuten Securities Inc. purchased a new stake in Honeywell International during the fourth quarter worth about $31,000. Finally, Richardson Capital Management LLC bought a new stake in Honeywell International in the first quarter worth about $35,000. 75.91% of the stock is currently owned by institutional investors.

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.