Honeywell International Inc. (NYSE:HON) had its target price increased by Citigroup Inc. from $155.00 to $170.00 in a research report released on Monday morning, Marketbeat Ratings reports. The brokerage currently has a buy rating on the conglomerate’s stock.
A number of other research firms have also recently commented on HON. BidaskClub raised shares of Honeywell International from a buy rating to a strong-buy rating in a research note on Wednesday, June 21st. Zacks Investment Research raised shares of Honeywell International from a hold rating to a buy rating and set a $155.00 price target for the company in a research note on Thursday, August 17th. Deutsche Bank AG reaffirmed a buy rating and set a $154.00 price target on shares of Honeywell International in a research note on Thursday, September 21st. Jefferies Group LLC reaffirmed a buy rating and set a $155.00 price target on shares of Honeywell International in a research note on Thursday, September 28th. Finally, Oppenheimer Holdings, Inc. lifted their price target on shares of Honeywell International from $148.00 to $155.00 and gave the stock an outperform rating in a research note on Monday, July 24th. One investment analyst has rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. The company has a consensus rating of Buy and an average price target of $149.52.
Honeywell International (HON) opened at 143.19 on Monday. Honeywell International has a 52 week low of $107.41 and a 52 week high of $145.30. The stock’s 50 day moving average is $139.67 and its 200 day moving average is $134.23. The company has a market capitalization of $108.91 billion, a P/E ratio of 22.20 and a beta of 0.95.
Honeywell International (NYSE:HON) last issued its quarterly earnings data on Friday, July 21st. The conglomerate reported $1.80 EPS for the quarter, topping analysts’ consensus estimates of $1.78 by $0.02. Honeywell International had a net margin of 12.68% and a return on equity of 26.60%. The business had revenue of $10.08 billion during the quarter, compared to analysts’ expectations of $9.89 billion. During the same period last year, the company posted $1.70 EPS. The business’s revenue was up .9% on a year-over-year basis. On average, equities research analysts expect that Honeywell International will post $7.10 earnings per share for the current year.
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The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Friday, November 17th will be paid a dividend of $0.745 per share. This represents a $2.98 annualized dividend and a dividend yield of 2.08%. The ex-dividend date of this dividend is Thursday, November 16th. This is a positive change from Honeywell International’s previous quarterly dividend of $0.67. Honeywell International’s payout ratio is 41.24%.
In related news, SVP Katherine L. Adams sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $137.24, for a total transaction of $137,240.00. Following the completion of the transaction, the senior vice president now owns 180,211 shares in the company, valued at approximately $24,732,157.64. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Jennifer H. Mak sold 420 shares of the business’s stock in a transaction that occurred on Thursday, July 27th. The stock was sold at an average price of $136.66, for a total transaction of $57,397.20. Following the transaction, the vice president now owns 1,363 shares of the company’s stock, valued at approximately $186,267.58. The disclosure for this sale can be found here. In the last quarter, insiders have sold 354,108 shares of company stock valued at $48,886,463. 1.56% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of HON. Hanson McClain Inc. raised its stake in shares of Honeywell International by 0.4% during the 1st quarter. Hanson McClain Inc. now owns 810 shares of the conglomerate’s stock worth $101,000 after acquiring an additional 3 shares in the last quarter. Burt Wealth Advisors raised its stake in shares of Honeywell International by 65.4% during the 2nd quarter. Burt Wealth Advisors now owns 759 shares of the conglomerate’s stock worth $101,000 after acquiring an additional 300 shares in the last quarter. Guidant Wealth Advisors raised its stake in shares of Honeywell International by 15.8% during the 2nd quarter. Guidant Wealth Advisors now owns 764 shares of the conglomerate’s stock worth $102,000 after acquiring an additional 104 shares in the last quarter. Mosaic Family Wealth LLC raised its stake in shares of Honeywell International by 11.4% during the 2nd quarter. Mosaic Family Wealth LLC now owns 762 shares of the conglomerate’s stock worth $102,000 after acquiring an additional 78 shares in the last quarter. Finally, Jolley Asset Management LLC raised its stake in shares of Honeywell International by 6.9% during the 2nd quarter. Jolley Asset Management LLC now owns 775 shares of the conglomerate’s stock worth $103,000 after acquiring an additional 50 shares in the last quarter. Hedge funds and other institutional investors own 75.77% of the company’s stock.
Honeywell International Company Profile
Honeywell International Inc is a technology and manufacturing company. The Company operates through four segments: Aerospace, Home and Building Technologies, Performance Materials and Technologies, and Safety and Productivity Solutions. The Company’s Aerospace segment supplies products, software and services for aircraft and vehicles that it sells to original equipment manufacturers (OEMs) and other customers.
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