Media headlines about Honeywell International (NYSE:HON) have been trending neutral this week, according to InfoTrie Sentiment Analysis. The research firm identifies positive and negative media coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Honeywell International earned a daily sentiment score of 0.22 on their scale. InfoTrie also gave news headlines about the conglomerate an news buzz score of 4 out of 10, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the headlines that may have impacted Honeywell International’s ranking:
- John Weiland, longtime Honeywell employee and hockey referee, dies at 80 (startribune.com)
- Honeywell International (NYSE:HON) Earning Neutral Media Coverage, Study Shows (americanbankingnews.com)
- Rays pitching prospect Honeywell has elbow procedure (freep.com)
- Honeywell International (NYSE:HON) Rating Increased to Buy at HSBC (americanbankingnews.com)
- Widespread layoffs at Honeywell Aerospace (abc15.com)
A number of analysts have commented on the company. Morgan Stanley lifted their target price on Honeywell International from $130.00 to $137.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 5th. Barclays reissued a “buy” rating and issued a $156.00 target price on shares of Honeywell International in a report on Friday, April 17th. William Blair reissued a “market perform” rating on shares of Honeywell International in a report on Monday, May 4th. Credit Suisse Group lifted their target price on Honeywell International from $148.00 to $158.00 and gave the stock an “outperform” rating in a report on Monday, May 4th. Finally, Citigroup reduced their target price on Honeywell International from $187.00 to $152.00 and set a “buy” rating for the company in a report on Wednesday, April 1st. One analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $156.47.
Honeywell International (NYSE:HON) last released its quarterly earnings results on Friday, May 1st. The conglomerate reported $2.21 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.96 by $0.25. Honeywell International had a return on equity of 33.60% and a net margin of 17.38%. The business had revenue of $8.46 billion during the quarter, compared to analyst estimates of $8.56 billion. During the same quarter in the previous year, the company posted $1.92 earnings per share. Honeywell International’s revenue for the quarter was down 4.7% on a year-over-year basis. Equities analysts forecast that Honeywell International will post 6.93 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, June 5th. Shareholders of record on Friday, May 15th will be issued a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a yield of 2.59%. The ex-dividend date is Thursday, May 14th. Honeywell International’s dividend payout ratio is presently 44.12%.
About Honeywell International
Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. Its Aerospace segment supplies products, software, and services for aircrafts and vehicles. This 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 connected solutions and data services for the aftermarket, as well as provides wireless connectivity and management and technical services.
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