Honeywell International’s (HON) Hold Rating Reiterated at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft restated their hold rating on shares of Honeywell International (NASDAQ:HON) in a research report sent to investors on Tuesday, Marketbeat.com reports. They currently have a $215.00 price target on the conglomerate’s stock, down from their prior price target of $227.00.

Several other analysts have also recently weighed in on HON. Barclays lifted their price target on Honeywell International from $230.00 to $232.00 and gave the stock an overweight rating in a report on Tuesday, April 2nd. Royal Bank of Canada dropped their price objective on Honeywell International from $210.00 to $209.00 and set a sector perform rating for the company in a report on Friday, February 2nd. Berenberg Bank raised Honeywell International from a hold rating to a buy rating and lifted their price objective for the company from $195.00 to $240.00 in a report on Wednesday, March 6th. Finally, Wells Fargo & Company lifted their price objective on Honeywell International from $190.00 to $213.00 and gave the company an equal weight rating in a report on Tuesday, December 19th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Honeywell International currently has a consensus rating of Hold and an average price target of $219.67.

Honeywell International Stock Performance

Shares of NASDAQ HON opened at $191.08 on Tuesday. The company has a market capitalization of $124.43 billion, a P/E ratio of 22.56, a P/E/G ratio of 2.18 and a beta of 1.02. The stock has a 50 day moving average of $198.36 and a 200-day moving average of $195.79. The company has a current ratio of 1.27, a quick ratio of 0.93 and a debt-to-equity ratio of 1.01. Honeywell International has a 12 month low of $174.88 and a 12 month high of $210.87.

Honeywell International (NASDAQ:HON) last released its quarterly earnings results on Thursday, February 1st. The conglomerate reported $2.60 earnings per share for the quarter, topping the consensus estimate of $2.59 by $0.01. The business had revenue of $9.44 billion during the quarter, compared to analysts’ expectations of $9.70 billion. Honeywell International had a return on equity of 35.17% and a net margin of 15.43%. The firm’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same period last year, the firm posted $2.52 EPS. As a group, equities research analysts predict that Honeywell International will post 9.94 EPS for the current year.

Honeywell International Dividend Announcement

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

Insider Transactions at Honeywell International

In other news, Director Darius Adamczyk sold 25,500 shares of the business’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $197.19, for a total transaction of $5,028,345.00. Following the completion of the transaction, the director now owns 183,400 shares of the company’s stock, valued at approximately $36,164,646. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.41% of the stock is owned by insiders.

Hedge Funds Weigh In On Honeywell International

A number of institutional investors have recently modified their holdings of the business. Scarborough Advisors LLC bought a new stake in Honeywell International during the 4th quarter worth $27,000. Altshuler Shaham Ltd bought a new stake in Honeywell International during the 4th quarter worth $27,000. Point72 Europe London LLP bought a new stake in Honeywell International during the 4th quarter worth $28,000. True Wealth Design LLC bought a new stake in Honeywell International during the 4th quarter worth $31,000. Finally, Rakuten Securities Inc. bought a new stake in Honeywell International during the 4th quarter worth $31,000. Institutional investors and hedge funds own 75.91% of the company’s stock.

Honeywell International Company Profile

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.