Equities research analysts at Robert W. Baird began coverage on shares of Honeywell International Inc. (NYSE:HON) in a research report issued on Thursday, StockTargetPrices.com reports. The brokerage set an “outperform” rating and a $135.00 price target on the stock. Robert W. Baird’s target price points to a potential upside of 17.13% from the stock’s current price.
Several other research firms also recently weighed in on HON. Credit Suisse Group AG reiterated a “hold” rating on shares of Honeywell International in a research report on Saturday, July 9th. Deutsche Bank AG reiterated a “buy” rating and set a $113.00 target price on shares of Honeywell International in a research report on Thursday, August 25th. Morgan Stanley set a $130.00 target price on Honeywell International and gave the stock a “buy” rating in a research report on Monday, August 22nd. Citigroup Inc. reiterated a “buy” rating and set a $132.00 target price on shares of Honeywell International in a research report on Thursday, June 30th. Finally, Zacks Investment Research downgraded Honeywell International from a “buy” rating to a “hold” rating in a research report on Wednesday, July 27th. Six equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Honeywell International has a consensus rating of “Buy” and a consensus price target of $122.98.
Honeywell International (NYSE:HON) opened at 115.26 on Thursday. The firm has a 50-day moving average of $115.60 and a 200 day moving average of $115.15. The company has a market capitalization of $87.70 billion, a price-to-earnings ratio of 18.23 and a beta of 1.05. Honeywell International has a one year low of $93.71 and a one year high of $120.02.
Honeywell International (NYSE:HON) last released its earnings results on Friday, July 22nd. The company reported $1.66 earnings per share for the quarter, topping the consensus estimate of $1.64 by $0.02. Honeywell International had a return on equity of 26.84% and a net margin of 12.60%. The business earned $9.78 billion during the quarter, compared to the consensus estimate of $10.13 billion. During the same period last year, the company earned $1.51 earnings per share. The business’s revenue for the quarter was up 2.2% compared to the same quarter last year. Equities research analysts predict that Honeywell International will post $6.67 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 9th. Shareholders of record on Friday, August 19th were given a $0.595 dividend. The ex-dividend date of this dividend was Wednesday, August 17th. This represents a $2.38 annualized dividend and a yield of 2.06%. Honeywell International’s dividend payout ratio is presently 37.66%.
In other Honeywell International news, Vice Chairman Andreas Kramvis sold 1,850 shares of the company’s stock in a transaction that occurred on Thursday, July 28th. The stock was sold at an average price of $114.80, for a total value of $212,380.00. Following the sale, the insider now owns 66,441 shares in the company, valued at approximately $7,627,426.80. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO David M. Cote sold 534,505 shares of the company’s stock in a transaction that occurred on Friday, August 5th. The stock was sold at an average price of $116.15, for a total value of $62,082,755.75. Following the completion of the sale, the chief executive officer now owns 700,000 shares in the company, valued at approximately $81,305,000. The disclosure for this sale can be found here. 1.83% of the stock is owned by company insiders.
Large investors have recently added to or reduced their stakes in the company. American National Bank raised its stake in Honeywell International by 112.0% in the second quarter. American National Bank now owns 956 shares of the company’s stock valued at $111,000 after buying an additional 505 shares in the last quarter. First Personal Financial Services raised its stake in Honeywell International by 128.1% in the second quarter. First Personal Financial Services now owns 974 shares of the company’s stock valued at $113,000 after buying an additional 547 shares in the last quarter. Ironwood Financial llc bought a new stake in Honeywell International during the first quarter valued at approximately $122,000. Bruderman Asset Management LLC raised its stake in Honeywell International by 19.6% in the second quarter. Bruderman Asset Management LLC now owns 1,048 shares of the company’s stock valued at $122,000 after buying an additional 172 shares in the last quarter. Finally, Cable Hill Partners LLC raised its stake in Honeywell International by 364.0% in the second quarter. Cable Hill Partners LLC now owns 1,109 shares of the company’s stock valued at $130,000 after buying an additional 870 shares in the last quarter. Institutional investors and hedge funds own 76.50% of the company’s stock.
Honeywell International Company Profile
Honeywell International Inc (Honeywell) is a technology and manufacturing company. The Company operates in three segments: Aerospace, Automation and Control Solutions (ACS), and Performance Materials and Technologies (PMT). Its Aerospace segment supplies aircraft engines, integrated avionics, systems and service solutions, and related products and services for aircraft manufacturers, airlines, aircraft operators, military services, and defense and space contractors.
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