Honeywell International (NASDAQ:HON) Price Target Raised to $292.00

Honeywell International (NASDAQ:HON) had its price objective hoisted by Deutsche Bank Aktiengesellschaft from $273.00 to $292.00 in a research report report published on Wednesday morning,MarketScreener reports. They currently have a buy rating on the conglomerate’s stock.

Other equities analysts have also recently issued reports about the company. Argus lifted their target price on Honeywell International from $250.00 to $290.00 and gave the stock a “buy” rating in a report on Wednesday, February 18th. Mizuho reduced their target price on Honeywell International from $250.00 to $240.00 and set an “outperform” rating for the company in a report on Monday, January 5th. TD Cowen dropped their price target on Honeywell International from $250.00 to $240.00 and set a “buy” rating on the stock in a research note on Monday, November 10th. Robert W. Baird boosted their price objective on Honeywell International from $220.00 to $240.00 and gave the stock a “neutral” rating in a report on Friday, January 30th. Finally, Citigroup upped their price objective on shares of Honeywell International from $262.00 to $265.00 and gave the company a “buy” rating in a research note on Friday, January 30th. Twelve investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $251.22.

Honeywell International Trading Down 1.3%

Shares of NASDAQ:HON opened at $235.29 on Wednesday. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.03 and a current ratio of 1.30. The stock has a market capitalization of $149.57 billion, a price-to-earnings ratio of 29.45, a PEG ratio of 3.45 and a beta of 0.92. Honeywell International has a 1-year low of $169.21 and a 1-year high of $248.18. The company has a 50 day moving average price of $225.66 and a 200 day moving average price of $211.78.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings results on Thursday, January 29th. The conglomerate reported $2.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.54 by $0.05. Honeywell International had a return on equity of 40.64% and a net margin of 12.74%.The company had revenue of $10.07 billion for the quarter, compared to analysts’ expectations of $9.60 billion. During the same quarter in the prior year, the company earned $2.47 earnings per share. The firm’s revenue was up 6.4% on a year-over-year basis. On average, research analysts anticipate that Honeywell International will post 10.34 EPS for the current fiscal year.

Honeywell International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 27th will be issued a $1.19 dividend. The ex-dividend date is Friday, February 27th. This represents a $4.76 dividend on an annualized basis and a dividend yield of 2.0%. Honeywell International’s dividend payout ratio is presently 59.57%.

Insider Buying and Selling at Honeywell International

In other news, VP Robert D. Mailloux sold 5,274 shares of Honeywell International stock in a transaction on Friday, February 6th. The stock was sold at an average price of $239.00, for a total transaction of $1,260,486.00. Following the transaction, the vice president owned 4,803 shares in the company, valued at approximately $1,147,917. The trade was a 52.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director D Scott Davis sold 2,367 shares of the company’s stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $240.00, for a total value of $568,080.00. Following the transaction, the director directly owned 31,081 shares in the company, valued at $7,459,440. The trade was a 7.08% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 18,190 shares of company stock valued at $4,244,287. 0.20% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Honeywell International

A number of large investors have recently made changes to their positions in HON. Union Savings Bank acquired a new position in Honeywell International in the 4th quarter valued at approximately $699,000. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new stake in shares of Honeywell International during the 4th quarter valued at $57,000. Worthington Financial Partners LLC purchased a new position in shares of Honeywell International during the 4th quarter valued at $210,000. Bayban purchased a new position in shares of Honeywell International during the 4th quarter valued at $111,000. Finally, Pure Financial Advisors LLC increased its stake in shares of Honeywell International by 0.3% in the fourth quarter. Pure Financial Advisors LLC now owns 19,593 shares of the conglomerate’s stock worth $3,822,000 after acquiring an additional 58 shares during the last quarter. Institutional investors and hedge funds own 75.91% of the company’s stock.

Honeywell International Company Profile

Honeywell International Inc is a diversified, publicly traded multinational conglomerate (NASDAQ: HON) that designs and manufactures a wide range of commercial and consumer products, engineering services and aerospace systems. The company operates through major business platforms that historically include Aerospace; Building Technologies; Performance Materials and Technologies; and Safety and Productivity Solutions. Its portfolio spans avionics and propulsion systems, building controls and HVAC equipment, process technologies and advanced materials, industrial automation software, and personal protective equipment and scanning solutions.

Honeywell’s aerospace business supplies aircraft manufacturers and operators with engines and auxiliary power units, avionics, flight safety systems and aftermarket services.