A number of other research analysts have also issued reports on the stock. Zacks Investment Research lowered shares of Honeywell International from a buy rating to a hold rating in a report on Thursday, November 30th. Deutsche Bank restated a buy rating and issued a $171.00 target price on shares of Honeywell International in a report on Tuesday, November 28th. Credit Suisse Group restated a neutral rating and issued a $150.00 target price (up from $141.00) on shares of Honeywell International in a report on Monday, October 23rd. Royal Bank of Canada upped their target price on shares of Honeywell International from $148.00 to $156.00 and gave the company an outperform rating in a report on Monday, October 23rd. Finally, Vertical Research restated a buy rating on shares of Honeywell International in a report on Friday, October 20th. Two equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. The company presently has an average rating of Buy and an average price target of $159.79.
Honeywell International (NYSE HON) opened at $154.25 on Thursday. The stock has a market cap of $116,647.13, a PE ratio of 22.18, a price-to-earnings-growth ratio of 2.35 and a beta of 0.99. The company has a quick ratio of 1.09, a current ratio of 1.35 and a debt-to-equity ratio of 0.54. Honeywell International has a 1-year low of $113.60 and a 1-year high of $156.70.
Honeywell International declared that its board has approved a share buyback plan on Friday, December 8th that authorizes the company to buyback $6.50 billion in shares. This buyback authorization authorizes the conglomerate to reacquire shares of its stock through open market purchases. Shares buyback plans are often an indication that the company’s board of directors believes its stock is undervalued.
The business also recently disclosed a quarterly dividend, which was paid on Friday, December 8th. Stockholders of record on Friday, November 17th were paid a dividend of $0.745 per share. The ex-dividend date of this dividend was Thursday, November 16th. This represents a $2.98 dividend on an annualized basis and a dividend yield of 1.93%. This is an increase from Honeywell International’s previous quarterly dividend of $0.67. Honeywell International’s dividend payout ratio is currently 45.15%.
In other news, Director Bradley T. Sheares sold 1,328 shares of the company’s stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $146.41, for a total transaction of $194,432.48. Following the completion of the transaction, the director now owns 4,002 shares of the company’s stock, valued at approximately $585,932.82. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Krishna Mikkilineni sold 13,074 shares of the company’s stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $145.12, for a total transaction of $1,897,298.88. Following the transaction, the vice president now directly owns 104,998 shares of the company’s stock, valued at approximately $15,237,309.76. The disclosure for this sale can be found here. Corporate insiders own 1.56% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of HON. Hanson McClain Inc. increased its position in 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 purchasing an additional 3 shares in the last quarter. Burt Wealth Advisors increased its position in 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 purchasing an additional 300 shares in the last quarter. Guidant Wealth Advisors increased its position in 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 purchasing an additional 104 shares in the last quarter. Mosaic Family Wealth LLC increased its position in 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 purchasing an additional 78 shares in the last quarter. Finally, CKW Financial Group acquired a new stake in Honeywell International during the 2nd quarter worth approximately $108,000. 76.04% of the stock is owned by institutional investors.
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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