Honeywell International Inc. (NASDAQ:HON) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Honeywell International Inc. (NASDAQ:HON) have been assigned an average recommendation of “Moderate Buy” from the twenty analysts that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and eleven have issued a buy rating on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $247.50.

A number of equities analysts recently issued reports on the stock. Citigroup increased their target price on shares of Honeywell International from $262.00 to $265.00 and gave the company a “buy” rating in a research report on Friday, January 30th. Wells Fargo & Company increased their price objective on shares of Honeywell International from $215.00 to $235.00 and gave the company an “equal weight” rating in a report on Friday, January 30th. BNP Paribas Exane boosted their target price on Honeywell International from $195.00 to $215.00 and gave the stock a “neutral” rating in a report on Monday, February 2nd. Jefferies Financial Group upped their target price on Honeywell International from $220.00 to $240.00 in a research report on Tuesday, February 3rd. Finally, Morgan Stanley lowered their price target on Honeywell International from $245.00 to $235.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 28th.

Honeywell International News Summary

Here are the key news stories impacting Honeywell International this week:

• Positive Sentiment: Honeywell entered an amended agreement to buy Johnson Matthey’s Catalyst Technologies business at a lower price (~£1.325bn), and the long-stop date was extended — this reduces Honeywell’s cash outlay and improves the deal’s economics. Honeywell Enters Into Amended Agreement to Acquire Johnson Matthey’s Catalyst Technologies Business
• Positive Sentiment: Multiple outlets report the Johnson Matthey sale price was cut (from ~£1.8bn to ~£1.33–1.8bn converted), effectively giving Honeywell a ~26% discount on the previously agreed deal — a near-term cost benefit for HON. Johnson Matthey agrees reduced $1.8 billion sale of catalyst division to Honeywell
• Positive Sentiment: Goldman Sachs bumped its Honeywell price target to $262 and kept a Buy rating — analyst support can attract flows and validate the stock’s upside narrative. Goldman Sachs adjusts PT on Honeywell International to $262
• Neutral Sentiment: Market/technical momentum: reports highlighted HON hitting an all-time high recently, reflecting positive price action and investor enthusiasm that can reinforce further buying. Honeywell International stock hits all-time high
• Neutral Sentiment: Longer-term market tailwinds: a report on the growing Home Energy Management System (HEMS) market suggests structural demand for smart building and energy-efficiency products, an end-market that aligns with Honeywell’s portfolio but is not an immediate catalyst. Home Energy Management System Market Company Analysis
• Negative Sentiment: An officer/director sold ~$568k of HON stock — insider sales can be read negatively by some investors, though the size is small relative to Honeywell’s market cap. Honeywell Director Sells $568,080.00 in Stock

Honeywell International Stock Performance

Shares of HON opened at $243.61 on Wednesday. Honeywell International has a 12-month low of $169.21 and a 12-month high of $246.00. The stock has a market capitalization of $154.86 billion, a PE ratio of 30.49, a price-to-earnings-growth ratio of 3.52 and a beta of 0.94. The business’s fifty day moving average price is $218.49 and its 200 day moving average price is $210.30. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.30 and a quick ratio of 1.03.

Honeywell International (NASDAQ:HON) last announced its earnings results on Thursday, January 29th. The conglomerate reported $2.59 earnings per share for the quarter, beating the consensus estimate of $2.54 by $0.05. Honeywell International had a return on equity of 40.64% and a net margin of 12.74%.The firm had revenue of $10.07 billion for the quarter, compared to the consensus estimate of $9.60 billion. During the same quarter in the previous 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 forecast that Honeywell International will post 10.34 EPS for the current year.

Honeywell International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 27th will be given 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 dividend payout ratio is 59.57%.

Insider Buying and Selling at Honeywell International

In related news, Director D Scott Davis sold 2,367 shares of the stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $240.00, for a total value of $568,080.00. Following the completion of the transaction, the director owned 31,081 shares in the company, valued at $7,459,440. This trade represents a 7.08% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Robert D. Mailloux sold 5,274 shares of Honeywell International stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $239.00, for a total value of $1,260,486.00. Following the completion of the transaction, the vice president directly owned 4,803 shares in the company, valued at $1,147,917. This represents a 52.34% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 18,190 shares of company stock valued at $4,244,287. Corporate insiders own 0.41% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in shares of Honeywell International by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 63,161,731 shares of the conglomerate’s stock valued at $12,322,222,000 after purchasing an additional 1,027,413 shares in the last quarter. J. Stern & Co. LLP lifted its stake in Honeywell International by 22,704.6% in the 4th quarter. J. Stern & Co. LLP now owns 53,209,042 shares of the conglomerate’s stock worth $10,380,552,000 after acquiring an additional 52,975,716 shares in the last quarter. State Street Corp boosted its position in Honeywell International by 3.4% during the 4th quarter. State Street Corp now owns 31,677,082 shares of the conglomerate’s stock worth $6,179,882,000 after acquiring an additional 1,031,897 shares during the period. Morgan Stanley boosted its position in Honeywell International by 4.7% during the 4th quarter. Morgan Stanley now owns 19,425,421 shares of the conglomerate’s stock worth $3,789,706,000 after acquiring an additional 879,309 shares during the period. Finally, Geode Capital Management LLC grew its stake in Honeywell International by 0.8% during the 4th quarter. Geode Capital Management LLC now owns 15,716,647 shares of the conglomerate’s stock valued at $3,066,520,000 after acquiring an additional 120,929 shares in the last quarter. 75.91% of the stock is owned by hedge funds and other institutional investors.

About Honeywell International

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.