Honeywell International (HON) Given Positive Rating at JPMorgan Chase & Co.
JPMorgan Chase & Co. reissued their positive rating on shares of Honeywell International (NYSE:HON) in a report released on Thursday morning, The Fly reports.
Several other equities analysts have also issued reports on HON. UBS Group lifted their price target on Honeywell International from $180.00 to $190.00 and gave the company a buy rating in a research note on Thursday, August 30th. Zacks Investment Research upgraded Honeywell International from a hold rating to a buy rating and set a $166.00 price target on the stock in a research note on Monday, May 21st. MED began coverage on Honeywell International in a research note on Thursday, July 12th. They issued a buy rating and a $166.00 price target on the stock. Wolfe Research began coverage on Honeywell International in a research note on Wednesday, June 27th. They issued an outperform rating and a $170.00 price target on the stock. Finally, ValuEngine upgraded Honeywell International from a hold rating to a buy rating in a research note on Tuesday, July 31st. Two analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. Honeywell International presently has a consensus rating of Buy and a consensus price target of $172.94.
Shares of NYSE HON opened at $162.81 on Thursday. The firm has a market capitalization of $120.90 billion, a price-to-earnings ratio of 22.90, a P/E/G ratio of 1.89 and a beta of 1.01. The company has a quick ratio of 1.11, a current ratio of 1.38 and a debt-to-equity ratio of 0.70. Honeywell International has a fifty-two week low of $136.67 and a fifty-two week high of $165.13.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 7th. Investors of record on Friday, August 17th were given a dividend of $0.745 per share. The ex-dividend date of this dividend was Thursday, August 16th. This represents a $2.98 dividend on an annualized basis and a yield of 1.83%. Honeywell International’s dividend payout ratio is currently 41.91%.
In related news, insider Vimal Kapur sold 9,996 shares of the business’s stock in a transaction on Friday, July 27th. The stock was sold at an average price of $159.25, for a total transaction of $1,591,863.00. Following the sale, the insider now owns 16,131 shares in the company, valued at approximately $2,568,861.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Linnet F. Deily sold 3,066 shares of the business’s stock in a transaction on Monday, July 30th. The stock was sold at an average price of $158.12, for a total value of $484,795.92. Following the sale, the director now owns 11,787 shares in the company, valued at approximately $1,863,760.44. The disclosure for this sale can be found here. Insiders own 1.33% of the company’s stock.
A number of hedge funds have recently modified their holdings of HON. HC Financial Advisors Inc. bought a new stake in Honeywell International during the 4th quarter worth $2,339,000. BancorpSouth Bank grew its position in Honeywell International by 5.5% during the 1st quarter. BancorpSouth Bank now owns 16,533 shares of the conglomerate’s stock worth $2,389,000 after acquiring an additional 855 shares during the last quarter. Pinnacle Financial Partners Inc. grew its position in Honeywell International by 2.7% during the 1st quarter. Pinnacle Financial Partners Inc. now owns 51,318 shares of the conglomerate’s stock worth $7,416,000 after acquiring an additional 1,332 shares during the last quarter. Strategy Asset Managers LLC grew its position in shares of Honeywell International by 20.6% in the 1st quarter. Strategy Asset Managers LLC now owns 91,430 shares of the conglomerate’s stock valued at $13,212,000 after buying an additional 15,634 shares during the last quarter. Finally, Trexquant Investment LP grew its position in shares of Honeywell International by 97.9% in the 1st quarter. Trexquant Investment LP now owns 37,184 shares of the conglomerate’s stock valued at $5,373,000 after buying an additional 18,393 shares during the last quarter. Institutional investors and hedge funds own 74.55% of the company’s stock.
About Honeywell International
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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