Honeywell International (HON) Getting Somewhat Favorable Media Coverage, Analysis Shows
News headlines about Honeywell International (NYSE:HON) have been trending somewhat positive on Friday, Accern Sentiment reports. The research firm identifies negative and positive press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Honeywell International earned a news sentiment score of 0.17 on Accern’s scale. Accern also assigned media coverage about the conglomerate an impact score of 46.9002951224434 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the headlines that may have impacted Accern’s rankings:
- Honeywell to Present at Gabelli 24th Annual Aerospace and Defense Symposium (finance.yahoo.com)
- Honeywell International Inc.: Garrett Motion Inc. Hosts Investor Conference, Highlights Business and Technology Growth Drivers (twst.com)
- Honeywell Looks to E-Commerce Growth Post Spin-off (realmoney.thestreet.com)
- Honeywell Buys Ortloff to Enhance Technological Expertise (finance.yahoo.com)
- Honeywell Is in the Midst of an Impressive Transformation (realmoneypro.thestreet.com)
Several research analysts have weighed in on the stock. MED assumed coverage on shares of Honeywell International in a research note on Thursday, July 12th. They set a “buy” rating and a $166.00 target price for the company. ValuEngine raised shares of Honeywell International from a “hold” rating to a “buy” rating in a research note on Tuesday, July 31st. Zacks Investment Research raised shares of Honeywell International from a “hold” rating to a “buy” rating and set a $176.00 target price for the company in a research note on Tuesday, July 31st. Barclays increased their target price on shares of Honeywell International from $176.00 to $178.00 and gave the stock an “overweight” rating in a research note on Friday, August 24th. Finally, Citigroup increased their target price on shares of Honeywell International from $191.00 to $196.00 and gave the stock a “$153.70” rating in a research note on Monday, July 23rd. Two equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $172.94.
Honeywell International (NYSE:HON) last posted its quarterly earnings data on Friday, July 20th. The conglomerate reported $2.12 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.01 by $0.11. Honeywell International had a net margin of 3.88% and a return on equity of 31.46%. The business had revenue of $10.92 billion during the quarter, compared to analyst estimates of $10.80 billion. During the same quarter last year, the firm posted $1.80 earnings per share. The business’s revenue for the quarter was up 8.3% compared to the same quarter last year. equities analysts predict that Honeywell International will post 8.15 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 7th. Stockholders of record on Friday, August 17th will be paid a $0.745 dividend. This represents a $2.98 annualized dividend and a dividend yield of 1.83%. The ex-dividend date is Thursday, August 16th. Honeywell International’s payout ratio is 41.91%.
In related news, insider Vimal Kapur sold 9,996 shares of the firm’s stock in a transaction that occurred on Friday, July 27th. The shares were sold at an average price of $159.25, for a total value of $1,591,863.00. Following the sale, the insider now owns 16,131 shares of the company’s stock, valued at $2,568,861.75. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Linnet F. Deily sold 3,066 shares of the firm’s stock in a transaction that occurred on Monday, July 30th. The shares were sold at an average price of $158.12, for a total transaction of $484,795.92. Following the completion of the sale, the director now directly owns 11,787 shares in the company, valued at approximately $1,863,760.44. The disclosure for this sale can be found here. Company insiders own 1.33% of the company’s stock.
Honeywell International Company Profile
Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. It operates through four segments: Aerospace; Home and Building Technologies; Performance Materials and Technologies; and Safety and Productivity Solutions. The Aerospace segment supplies products, software, and services for aircraft and vehicles that it sells to original equipment manufacturers and other customers in various markets, including air transport, regional, business and general aviation aircraft, airlines, aircraft operators, defense and space contractors, and automotive and truck manufacturers.
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