Honeywell International Inc. (NASDAQ:HON) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Honeywell International Inc. (NASDAQ:HON) have received an average rating of “Moderate Buy” from the sixteen research firms that are covering the firm, Marketbeat Ratings reports. Nine research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokers that have covered the stock in the last year is $249.38.

Several research analysts have recently issued reports on HON shares. Deutsche Bank Aktiengesellschaft upgraded shares of Honeywell International from a “hold” rating to a “buy” rating and upped their target price for the stock from $236.00 to $260.00 in a research note on Friday, February 7th. Barclays decreased their price objective on shares of Honeywell International from $260.00 to $251.00 and set an “overweight” rating for the company in a report on Monday, February 10th. Citigroup decreased their price objective on shares of Honeywell International from $268.00 to $266.00 and set a “buy” rating for the company in a report on Monday, January 13th. Bank of America boosted their price objective on shares of Honeywell International from $220.00 to $240.00 and gave the stock a “neutral” rating in a report on Thursday, November 14th. Finally, Morgan Stanley boosted their price objective on shares of Honeywell International from $210.00 to $217.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 11th.

Honeywell International Stock Down 2.4 %

Shares of Honeywell International stock opened at $208.59 on Wednesday. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.31 and a quick ratio of 1.01. The company has a 50-day moving average of $216.15 and a 200 day moving average of $216.53. The firm has a market cap of $135.57 billion, a price-to-earnings ratio of 23.95, a PEG ratio of 2.51 and a beta of 1.08. Honeywell International has a 1 year low of $189.75 and a 1 year high of $242.77.

Honeywell International (NASDAQ:HON) last issued its quarterly earnings results on Thursday, February 6th. The conglomerate reported $2.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.37 by $0.10. Honeywell International had a net margin of 14.82% and a return on equity of 35.78%. As a group, sell-side analysts anticipate that Honeywell International will post 10.34 earnings per share for the current fiscal year.

Honeywell International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be given a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.17%. The ex-dividend date is Friday, February 28th. Honeywell International’s payout ratio is 51.89%.

Insider Activity

In other news, VP Anne T. Madden sold 28,885 shares of the business’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $207.89, for a total transaction of $6,004,902.65. Following the completion of the sale, the vice president now owns 41,580 shares of the company’s stock, valued at $8,644,066.20. The trade was a 40.99 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.41% of the company’s stock.

Institutional Investors Weigh In On Honeywell International

A number of hedge funds have recently modified their holdings of the business. Vanguard Group Inc. boosted its holdings in Honeywell International by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 61,761,711 shares of the conglomerate’s stock worth $13,951,353,000 after buying an additional 380,299 shares during the period. State Street Corp boosted its holdings in Honeywell International by 0.3% in the 3rd quarter. State Street Corp now owns 31,026,897 shares of the conglomerate’s stock worth $6,413,570,000 after buying an additional 92,112 shares during the period. Wellington Management Group LLP boosted its holdings in Honeywell International by 8.4% in the 3rd quarter. Wellington Management Group LLP now owns 17,826,700 shares of the conglomerate’s stock worth $3,684,957,000 after buying an additional 1,376,479 shares during the period. Geode Capital Management LLC boosted its holdings in Honeywell International by 4.4% in the 4th quarter. Geode Capital Management LLC now owns 14,988,152 shares of the conglomerate’s stock worth $3,379,568,000 after buying an additional 627,422 shares during the period. Finally, Capital World Investors bought a new position in Honeywell International in the 4th quarter worth $1,594,216,000. Institutional investors own 75.91% of the company’s stock.

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.