Analysts Set Honeywell International Inc. (NASDAQ:HON) Target Price at $251.65

Honeywell International Inc. (NASDAQ:HON) has been assigned an average rating of “Moderate Buy” from the twenty-one brokerages that are covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have assigned a buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $251.6522.

A number of research firms have recently weighed in on HON. BNP Paribas Exane boosted their target price on Honeywell International from $195.00 to $215.00 and gave the stock a “neutral” rating in a research report on Monday, February 2nd. JPMorgan Chase & Co. raised their price target on Honeywell International from $255.00 to $260.00 and gave the company an “overweight” rating in a report on Friday, January 30th. Royal Bank Of Canada boosted their price objective on Honeywell International from $249.00 to $268.00 and gave the stock an “outperform” rating in a report on Friday, January 30th. The Goldman Sachs Group upped their target price on shares of Honeywell International from $236.00 to $262.00 and gave the company a “buy” rating in a research report on Monday, February 23rd. Finally, Argus raised their target price on shares of Honeywell International from $250.00 to $290.00 and gave the company a “buy” rating in a research note on Wednesday, February 18th.

Honeywell International Stock Performance

Shares of Honeywell International stock opened at $229.02 on Friday. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.30 and a quick ratio of 1.03. The firm has a 50 day simple moving average of $232.06 and a 200 day simple moving average of $212.69. Honeywell International has a fifty-two week low of $169.21 and a fifty-two week high of $248.18. The firm has a market cap of $145.58 billion, a P/E ratio of 28.66, a P/E/G ratio of 3.33 and a beta of 0.92.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings data on Thursday, January 29th. The conglomerate reported $2.59 EPS for the quarter, beating analysts’ consensus estimates of $2.54 by $0.05. The firm had revenue of $10.07 billion for the quarter, compared to analyst estimates of $9.60 billion. Honeywell International had a return on equity of 40.64% and a net margin of 12.74%.The business’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same period last year, the company earned $2.47 EPS. Sell-side analysts predict that Honeywell International will post 10.34 earnings per share for the current fiscal year.

Honeywell International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Investors of record on Friday, February 27th were issued a $1.19 dividend. This represents a $4.76 annualized dividend and a yield of 2.1%. The ex-dividend date was Friday, February 27th. Honeywell International’s dividend payout ratio is currently 59.57%.

Insider Buying and Selling

In other Honeywell International news, VP Robert D. Mailloux sold 10,549 shares of the firm’s stock in a transaction that occurred on Friday, January 30th. The shares were sold at an average price of $229.00, for a total value of $2,415,721.00. Following the transaction, the vice president directly owned 4,803 shares of the company’s stock, valued at approximately $1,099,887. This trade represents a 68.71% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director D Scott Davis sold 2,367 shares of Honeywell International stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $240.00, for a total transaction of $568,080.00. Following the sale, the director directly owned 31,081 shares of the company’s stock, valued at $7,459,440. This represents a 7.08% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 18,190 shares of company stock worth $4,244,287. Insiders own 0.20% of the company’s stock.

Institutional Investors Weigh In On Honeywell International

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Verus Capital Partners LLC boosted its holdings in Honeywell International by 0.7% during the fourth quarter. Verus Capital Partners LLC now owns 6,658 shares of the conglomerate’s stock worth $1,299,000 after buying an additional 44 shares during the last quarter. Claro Advisors Inc. increased its stake in shares of Honeywell International by 0.3% in the 4th quarter. Claro Advisors Inc. now owns 13,930 shares of the conglomerate’s stock valued at $2,718,000 after acquiring an additional 45 shares during the last quarter. FSM Wealth Advisors LLC increased its stake in shares of Honeywell International by 1.1% in the 4th quarter. FSM Wealth Advisors LLC now owns 4,231 shares of the conglomerate’s stock valued at $825,000 after acquiring an additional 46 shares during the last quarter. Meridian Financial Partners LLC raised its position in shares of Honeywell International by 3.8% in the 4th quarter. Meridian Financial Partners LLC now owns 1,258 shares of the conglomerate’s stock valued at $245,000 after acquiring an additional 46 shares during the period. Finally, Nova R Wealth Inc. raised its position in shares of Honeywell International by 3.0% in the 3rd quarter. Nova R Wealth Inc. now owns 1,594 shares of the conglomerate’s stock valued at $335,000 after acquiring an additional 47 shares during the period. Institutional investors 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.