Honeywell International (NASDAQ:HON) Reaches New 12-Month High on Analyst Upgrade

Honeywell International Inc. (NASDAQ:HON)’s stock price hit a new 52-week high during trading on Monday after The Goldman Sachs Group raised their price target on the stock from $236.00 to $262.00. The Goldman Sachs Group currently has a buy rating on the stock. Honeywell International traded as high as $246.00 and last traded at $244.1830, with a volume of 159823 shares trading hands. The stock had previously closed at $243.97.

HON has been the topic of a number of other research reports. Mizuho dropped their price objective on Honeywell International from $250.00 to $240.00 and set an “outperform” rating on the stock in a report on Monday, January 5th. Robert W. Baird raised their target price on Honeywell International from $220.00 to $240.00 and gave the company a “neutral” rating in a report on Friday, January 30th. Daiwa Securities Group increased their price objective on Honeywell International from $230.00 to $240.00 in a report on Tuesday, February 3rd. HSBC reduced their target price on Honeywell International from $290.00 to $266.00 and set a “buy” rating for the company in a report on Tuesday, November 11th. Finally, TD Cowen dropped their price target on shares of Honeywell International from $250.00 to $240.00 and set a “buy” rating on the stock in a research report on Monday, November 10th. Eleven investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $247.50.

Insider Transactions at Honeywell International

In other news, VP Robert D. Mailloux sold 10,549 shares of Honeywell International stock in a transaction that occurred on Friday, January 30th. The shares were sold at an average price of $229.00, for a total value of $2,415,721.00. Following the completion of the transaction, the vice president owned 4,803 shares in the company, valued at approximately $1,099,887. The trade was a 68.71% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director D Scott Davis sold 2,367 shares of the stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $240.00, for a total transaction of $568,080.00. Following the sale, the director directly owned 31,081 shares in the company, valued at $7,459,440. This trade represents a 7.08% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 18,190 shares of company stock worth $4,244,287. Company insiders own 0.41% of the company’s stock.

Institutional Trading of Honeywell International

Hedge funds have recently added to or reduced their stakes in the business. Verus Capital Partners LLC boosted its position in shares of Honeywell International by 0.7% during the fourth quarter. Verus Capital Partners LLC now owns 6,658 shares of the conglomerate’s stock worth $1,299,000 after buying an additional 44 shares during the period. Claro Advisors Inc. grew its stake in shares of Honeywell International by 0.3% in the fourth quarter. Claro Advisors Inc. now owns 13,930 shares of the conglomerate’s stock valued at $2,718,000 after buying an additional 45 shares in the last quarter. Summit Wealth Group LLC raised its position in Honeywell International by 4.3% during the second quarter. Summit Wealth Group LLC now owns 1,115 shares of the conglomerate’s stock worth $260,000 after acquiring an additional 46 shares in the last quarter. FSM Wealth Advisors LLC lifted its stake in Honeywell International by 1.1% in the fourth quarter. FSM Wealth Advisors LLC now owns 4,231 shares of the conglomerate’s stock valued at $825,000 after acquiring an additional 46 shares during the last quarter. Finally, Meridian Financial Partners LLC grew its position in shares of Honeywell International by 3.8% in the 4th quarter. Meridian Financial Partners LLC now owns 1,258 shares of the conglomerate’s stock valued at $245,000 after acquiring an additional 46 shares during the period. Institutional investors and hedge funds own 75.91% of the company’s stock.

Honeywell International Price Performance

The company has a current ratio of 1.30, a quick ratio of 1.03 and a debt-to-equity ratio of 1.81. The firm has a market capitalization of $154.86 billion, a price-to-earnings ratio of 30.51, a P/E/G ratio of 3.53 and a beta of 0.94. The company’s 50 day moving average is $216.67 and its 200-day moving average is $209.92.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings results on Thursday, January 29th. The conglomerate reported $2.59 earnings per share for the quarter, beating analysts’ consensus estimates of $2.54 by $0.05. Honeywell International had a return on equity of 40.64% and a net margin of 12.74%.The business had revenue of $10.07 billion for the quarter, compared to analysts’ expectations of $9.60 billion. During the same quarter in the prior year, the business earned $2.47 EPS. The firm’s revenue for the quarter was up 6.4% on a year-over-year basis. Equities research analysts anticipate that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 27th will be issued a dividend of $1.19 per share. This represents a $4.76 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date is Friday, February 27th. Honeywell International’s payout ratio is currently 59.57%.

Honeywell International Company Profile

Honeywell International Inc is a diversified, publicly traded multinational conglomerate (NASDAQ: HON) that designs and manufactures a wide range of commercial and consumer products, engineering services and aerospace systems. The company operates through major business platforms that historically include Aerospace; Building Technologies; Performance Materials and Technologies; and Safety and Productivity Solutions. Its portfolio spans avionics and propulsion systems, building controls and HVAC equipment, process technologies and advanced materials, industrial automation software, and personal protective equipment and scanning solutions.

Honeywell’s aerospace business supplies aircraft manufacturers and operators with engines and auxiliary power units, avionics, flight safety systems and aftermarket services.