Analysts Set Honeywell International Inc. (NASDAQ:HON) Price Target at $257.79

Honeywell International Inc. (NASDAQ:HONGet Free Report) has been assigned a consensus rating of “Hold” from the twenty-five ratings firms that are presently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, ten have given a hold recommendation and thirteen have given a buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $257.7917.

A number of equities research analysts have recently weighed in on the stock. Barclays lowered their price objective on shares of Honeywell International from $251.00 to $239.00 and set an “overweight” rating for the company in a report on Wednesday, June 10th. Wells Fargo & Company decreased their target price on shares of Honeywell International from $235.00 to $230.00 and set an “equal weight” rating on the stock in a research report on Friday, April 24th. Weiss Ratings downgraded shares of Honeywell International from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, June 29th. TD Cowen cut their price target on shares of Honeywell International from $240.00 to $230.00 and set a “buy” rating for the company in a research report on Friday, April 24th. Finally, The Goldman Sachs Group boosted their target price on Honeywell International from $258.00 to $276.00 and gave the company a “buy” rating in a research note on Wednesday, June 3rd.

Check Out Our Latest Analysis on Honeywell International

Key Stories Impacting Honeywell International

Here are the key news stories impacting Honeywell International this week:

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in HON. Cardinal Capital Management Inc. raised its holdings in Honeywell International by 6.1% in the 4th quarter. Cardinal Capital Management Inc. now owns 138,726 shares of the conglomerate’s stock worth $27,064,000 after acquiring an additional 7,929 shares during the last quarter. Douglas Lane & Associates LLC boosted its stake in Honeywell International by 56.1% during the 4th quarter. Douglas Lane & Associates LLC now owns 72,783 shares of the conglomerate’s stock valued at $14,199,000 after purchasing an additional 26,162 shares during the last quarter. Exencial Wealth Advisors LLC increased its holdings in shares of Honeywell International by 36.6% in the 4th quarter. Exencial Wealth Advisors LLC now owns 81,211 shares of the conglomerate’s stock worth $15,844,000 after purchasing an additional 21,770 shares in the last quarter. Valley Wealth Managers Inc. raised its stake in shares of Honeywell International by 33.9% in the fourth quarter. Valley Wealth Managers Inc. now owns 114,016 shares of the conglomerate’s stock worth $22,243,000 after purchasing an additional 28,875 shares during the last quarter. Finally, MADDEN SECURITIES Corp purchased a new position in shares of Honeywell International in the fourth quarter worth $1,418,000. Institutional investors own 75.91% of the company’s stock.

Honeywell International Stock Performance

Shares of NASDAQ HON opened at $232.99 on Friday. The stock’s 50-day moving average is $224.98 and its 200 day moving average is $226.15. The stock has a market cap of $73.82 billion, a price-to-earnings ratio of 16.50, a P/E/G ratio of 5.18 and a beta of 0.90. Honeywell International has a 1-year low of $196.59 and a 1-year high of $261.24. The company has a current ratio of 1.39, a quick ratio of 1.10 and a debt-to-equity ratio of 1.98.

Honeywell International (NASDAQ:HONGet Free Report) last issued its earnings results on Thursday, April 23rd. The conglomerate reported $2.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.32 by $0.13. Honeywell International had a return on equity of 42.29% and a net margin of 11.37%.The business had revenue of $9.14 billion during the quarter, compared to analyst estimates of $9.30 billion. During the same quarter in the prior year, the firm earned $2.21 earnings per share. Honeywell International’s revenue for the quarter was up 2.4% on a year-over-year basis. On average, sell-side analysts anticipate that Honeywell International will post 8.2 EPS for the current fiscal year.

Honeywell International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Friday, May 15th were given a $1.19 dividend. The ex-dividend date was Friday, May 15th. This represents a $4.76 annualized dividend and a yield of 2.0%. Honeywell International’s payout ratio is presently 67.42%.

About Honeywell International

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Honeywell International (NASDAQ:HON)

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