Honeywell International (NASDAQ:HON) Reaches New 1-Year High Following Analyst Upgrade

Honeywell International Inc. (NASDAQ:HON) hit a new 52-week high during trading on Monday after Wolfe Research upgraded the stock from a peer perform rating to an outperform rating. Wolfe Research now has a $293.00 price target on the stock. Honeywell International traded as high as $246.56 and last traded at $244.9070, with a volume of 897292 shares. The stock had previously closed at $243.59.

A number of other equities research analysts have also issued reports on HON. Vertical Research lowered shares of Honeywell International from a “buy” rating to a “hold” rating and set a $220.00 price target on the stock. in a report on Monday, January 5th. Jefferies Financial Group raised their target price on Honeywell International from $220.00 to $240.00 in a research note on Tuesday, February 3rd. Mizuho lowered their price target on Honeywell International from $250.00 to $240.00 and set an “outperform” rating for the company in a research report on Monday, January 5th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Honeywell International in a research report on Monday, December 29th. Finally, BNP Paribas Exane lifted their price target on Honeywell International from $195.00 to $215.00 and gave the company a “neutral” rating in a research report on Monday, February 2nd. Twelve research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Honeywell International has a consensus rating of “Moderate Buy” and an average price target of $249.48.

Insider Buying and Selling

In related news, Director D Scott Davis sold 2,367 shares of the 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 trade represents a 7.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Robert D. Mailloux sold 10,549 shares of the business’s stock in a transaction dated Friday, January 30th. The stock was sold at an average price of $229.00, for a total value of $2,415,721.00. Following the completion of 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 position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 18,190 shares of company stock valued at $4,244,287. 0.41% of the stock is owned by company insiders.

Institutional Trading of Honeywell International

A number of large investors have recently made changes to their positions in HON. Caitlin John LLC grew its position in Honeywell International by 138.9% in the 4th quarter. Caitlin John LLC now owns 129 shares of the conglomerate’s stock worth $25,000 after purchasing an additional 75 shares during the period. Holos Integrated Wealth LLC bought a new position in shares of Honeywell International during the 4th quarter valued at $25,000. Ares Financial Consulting LLC purchased a new position in shares of Honeywell International in the 4th quarter worth $26,000. Howard Hughes Medical Institute bought a new stake in shares of Honeywell International in the second quarter worth $33,000. Finally, Barnes Dennig Private Wealth Management LLC increased its position in Honeywell International by 491.7% during the third quarter. Barnes Dennig Private Wealth Management LLC now owns 142 shares of the conglomerate’s stock valued at $30,000 after acquiring an additional 118 shares during the last quarter. 75.91% of the stock is currently owned by institutional investors.

Honeywell International Stock Performance

The business has a fifty day simple moving average of $221.08 and a two-hundred day simple moving average of $210.81. The company has a quick ratio of 1.03, a current ratio of 1.30 and a debt-to-equity ratio of 1.81. The company has a market cap of $155.81 billion, a P/E ratio of 30.67, a P/E/G ratio of 3.53 and a beta of 0.92.

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

Honeywell International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 27th will be given a dividend of $1.19 per share. The ex-dividend date of this dividend is Friday, February 27th. This represents a $4.76 dividend on an annualized basis and a dividend yield of 1.9%. Honeywell International’s payout ratio is presently 59.57%.

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.