Honeywell International Inc. (HON) – What Are Investment Firms Thinking About This Stock?

Shares of Honeywell International Inc. (NASDAQ:HON) have been assigned a consensus recommendation of “Hold” from the twenty-six brokerages that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, twelve have assigned a hold recommendation and thirteen have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $249.96.

Several research firms recently weighed in on HON. BMO Capital Markets restated an “outperform” rating and set a $261.00 price target on shares of Honeywell International in a report on Friday, October 23rd. Citigroup upped their price objective on Honeywell International from $270.00 to $271.00 and gave the stock a “buy” rating in a research note on Friday, October 23rd. Weiss Ratings lowered shares of Honeywell International from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, September 25th. Rothschild & Co Redburn cut their price objective on Honeywell International from $237.00 to $234.00 and set a “neutral” rating on the stock in a report on Friday, September 25th. Finally, Jefferies Financial Group started coverage on Honeywell International in a research report on Monday, August 17th. They set a “hold” rating and a $255.00 price target on the stock.

Insider Buying and Selling at Honeywell International

In other Honeywell International news, CEO Vimal Kapur sold 6,459 shares of the company’s stock in a transaction dated Monday, October 26th. The shares were sold at an average price of $220.99, for a total value of $1,427,374.41. Following the transaction, the chief executive officer owned 4,437 shares of the company’s stock, valued at $980,532.63. This represents a 59.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, VP Su Lu sold 2,943 shares of the business’s stock in a transaction on Monday, October 26th. The shares were sold at an average price of $221.18, for a total value of $650,932.74. Following the completion of the sale, the vice president owned 6,631 shares in the company, valued at $1,466,644.58. This represents a 30.74% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 9,718 shares of company stock worth $2,155,876. Insiders own 0.15% of the company’s stock.

Hedge Funds Weigh In On Honeywell International

Institutional investors have recently modified their holdings of the business. Studio Investment Management LLC acquired a new stake in shares of Honeywell International in the 2nd quarter valued at approximately $2,578,000. Syon Capital LLC purchased a new stake in Honeywell International in the 2nd quarter valued at approximately $1,320,000. Azimuth Capital Investment Management LLC purchased a new position in Honeywell International in the 2nd quarter valued at about $1,448,000. Allen Mooney & Barnes Investment Advisors LLC acquired a new position in Honeywell International in the 2nd quarter valued at $7,202,000. Finally, Rogco LP purchased a new stake in Honeywell International in the second quarter valued at approximately $640,000. Institutional investors and hedge funds own 75.91% of the company’s stock.

Honeywell International Stock Performance

Shares of NASDAQ HON opened at $218.33 on Monday. The firm has a 50 day moving average of $211.64 and a 200 day moving average of $224.54. The company has a current ratio of 0.96, a quick ratio of 0.82 and a debt-to-equity ratio of 0.46. Honeywell International has a 12-month low of $196.59 and a 12-month high of $261.24. The firm has a market capitalization of $69.29 billion, a price-to-earnings ratio of 9.82, a price-to-earnings-growth ratio of 1.66 and a beta of 0.86.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings results on Thursday, October 22nd. The conglomerate reported $2.27 EPS for the quarter, topping analysts’ consensus estimates of $2.17 by $0.10. The company had revenue of $4.99 billion for the quarter, compared to analysts’ expectations of $5.01 billion. Honeywell International had a return on equity of 25.62% and a net margin of 24.36%. The firm’s revenue was up 1.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.82 EPS. On average, research analysts anticipate that Honeywell International will post 8.44 earnings per share for the current year.

Honeywell International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 4th. Stockholders of record on Friday, November 13th will be paid a $0.70 dividend. The ex-dividend date of this dividend is Friday, November 13th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.3%. Honeywell International’s payout ratio is currently 32.12%.

Honeywell International Company Profile

Honeywell International Inc is a diversified industrial technology company that develops products and systems for the aerospace, building automation, energy and industrial sectors. Its offerings include aircraft engines and avionics, industrial automation and control systems, building management technologies, fire and security products, personal protective equipment, and specialty materials and chemicals.

The company serves commercial aerospace, defense, airlines, building owners, manufacturers, energy producers and other industrial customers.