Honeywell International Inc. (NASDAQ:HON) Receives $220.25 Average PT from Analysts

Shares of Honeywell International Inc. (NASDAQ:HON) have been given a consensus recommendation of “Hold” by the six research firms that are covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $219.67.

HON has been the topic of several recent analyst reports. Royal Bank of Canada lowered their target price on shares of Honeywell International from $210.00 to $209.00 and set a “sector perform” rating on the stock in a research note on Friday, February 2nd. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $215.00 target price (down from $227.00) on shares of Honeywell International in a research note on Tuesday. Berenberg Bank raised shares of Honeywell International from a “hold” rating to a “buy” rating and increased their target price for the stock from $195.00 to $240.00 in a research note on Wednesday, March 6th. Finally, Barclays increased their target price on shares of Honeywell International from $230.00 to $232.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 2nd.

Honeywell International Price Performance

NASDAQ:HON opened at $191.08 on Friday. Honeywell International has a one year low of $174.88 and a one year high of $210.87. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.93 and a current ratio of 1.27. The firm has a market cap of $124.43 billion, a price-to-earnings ratio of 22.56, a PEG ratio of 2.18 and a beta of 1.02. The firm’s fifty day moving average is $198.36 and its two-hundred day moving average is $195.79.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings results on Thursday, February 1st. The conglomerate reported $2.60 EPS for the quarter, beating the consensus estimate of $2.59 by $0.01. Honeywell International had a net margin of 15.43% and a return on equity of 35.17%. The company had revenue of $9.44 billion for the quarter, compared to analyst estimates of $9.70 billion. During the same period in the prior year, the company earned $2.52 earnings per share. The firm’s revenue was up 2.8% on a year-over-year basis. Research analysts expect that Honeywell International will post 9.94 EPS for the current year.

Honeywell International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were paid a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a yield of 2.26%. The ex-dividend date was Thursday, February 29th. Honeywell International’s dividend payout ratio is presently 51.00%.

Insider Buying and Selling at Honeywell International

In other Honeywell International news, Director Darius Adamczyk sold 25,500 shares of the stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $197.19, for a total value of $5,028,345.00. Following the completion of the sale, the director now owns 183,400 shares in the company, valued at approximately $36,164,646. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.41% of the stock is owned by insiders.

Institutional Trading of Honeywell International

Hedge funds have recently bought and sold shares of the business. Silverlake Wealth Management LLC increased its holdings in shares of Honeywell International by 11.4% during the 1st quarter. Silverlake Wealth Management LLC now owns 2,250 shares of the conglomerate’s stock worth $462,000 after buying an additional 230 shares during the last quarter. Naviter Wealth LLC increased its holdings in shares of Honeywell International by 11.5% during the 1st quarter. Naviter Wealth LLC now owns 11,007 shares of the conglomerate’s stock worth $2,259,000 after buying an additional 1,133 shares during the last quarter. Capital Advisors Ltd. LLC increased its holdings in shares of Honeywell International by 3.9% during the 1st quarter. Capital Advisors Ltd. LLC now owns 2,625 shares of the conglomerate’s stock worth $539,000 after buying an additional 99 shares during the last quarter. Woodmont Investment Counsel LLC increased its holdings in shares of Honeywell International by 10.3% during the 1st quarter. Woodmont Investment Counsel LLC now owns 6,311 shares of the conglomerate’s stock worth $1,295,000 after buying an additional 590 shares during the last quarter. Finally, Exchange Capital Management Inc. increased its holdings in shares of Honeywell International by 19.1% during the 1st quarter. Exchange Capital Management Inc. now owns 20,649 shares of the conglomerate’s stock worth $4,238,000 after buying an additional 3,313 shares during the last quarter. Institutional investors and hedge funds own 75.91% of the company’s stock.

About Honeywell International

Honeywell International Inc engages in the aerospace technologies, building automation, energy and sustainable solutions, and industrial automation businesses in the United States, Europe, and internationally. The company's Aerospace 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 thermal systems, as well as wireless connectivity services.