Honeywell International (NASDAQ:HON) Given New $292.00 Price Target at Deutsche Bank Aktiengesellschaft

Honeywell International (NASDAQ:HON) had its target price upped by Deutsche Bank Aktiengesellschaft from $273.00 to $292.00 in a research report sent to investors on Wednesday morning,MarketScreener reports. The firm currently has a buy rating on the conglomerate’s stock.

Several other equities research analysts have also issued reports on the stock. Bank of America reaffirmed an “underperform” rating and set a $205.00 price target (down from $265.00) on shares of Honeywell International in a report on Tuesday, November 18th. Vertical Research cut shares of Honeywell International from a “buy” rating to a “hold” rating and set a $220.00 target price on the stock. in a research note on Monday, January 5th. Argus upped their price target on shares of Honeywell International from $250.00 to $290.00 and gave the stock a “buy” rating in a report on Wednesday, February 18th. BNP Paribas Exane increased their price target on Honeywell International from $195.00 to $215.00 and gave the company a “neutral” rating in a research note on Monday, February 2nd. Finally, Mizuho reduced their price objective on Honeywell International from $250.00 to $240.00 and set an “outperform” rating on the stock in a research report on Monday, January 5th. Twelve analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $251.22.

Honeywell International Price Performance

Honeywell International stock opened at $245.97 on Wednesday. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.03 and a current ratio of 1.30. Honeywell International has a 52 week low of $169.21 and a 52 week high of $248.18. The stock has a market capitalization of $156.36 billion, a P/E ratio of 30.78, a price-to-earnings-growth ratio of 3.53 and a beta of 0.92. The stock has a fifty day moving average of $224.07 and a 200-day moving average of $211.46.

Honeywell International (NASDAQ:HON) last released its quarterly earnings data 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. The business had revenue of $10.07 billion for the quarter, compared to analyst estimates of $9.60 billion. Honeywell International had a return on equity of 40.64% and a net margin of 12.74%.Honeywell International’s revenue was up 6.4% compared to the same quarter last year. During the same period last year, the firm posted $2.47 earnings per share. On average, sell-side analysts expect that Honeywell International will post 10.34 earnings per share for the current fiscal year.

Honeywell International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, February 27th will be issued a $1.19 dividend. This represents a $4.76 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date is Friday, February 27th. Honeywell International’s dividend payout ratio is presently 59.57%.

Insider Activity

In other Honeywell International news, VP Robert D. Mailloux sold 10,549 shares of Honeywell International stock in a transaction dated Friday, January 30th. The stock was sold at an average price of $229.00, for a total transaction of $2,415,721.00. Following the transaction, the vice president directly owned 4,803 shares of the company’s stock, valued at approximately $1,099,887. The trade was a 68.71% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director D Scott Davis sold 2,367 shares of the stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $240.00, for a total value of $568,080.00. Following the completion of the sale, the director directly owned 31,081 shares of the company’s stock, valued at approximately $7,459,440. The trade was a 7.08% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 18,190 shares of company stock worth $4,244,287 over the last ninety days. Company insiders own 0.20% of the company’s stock.

Institutional Trading of Honeywell International

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Verus Capital Partners LLC increased 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. lifted its holdings in 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 during the period. Summit Wealth Group LLC boosted 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 valued at $260,000 after acquiring an additional 46 shares during the last quarter. FSM Wealth Advisors LLC grew its holdings in Honeywell International by 1.1% during the 4th quarter. FSM Wealth Advisors LLC now owns 4,231 shares of the conglomerate’s stock worth $825,000 after acquiring an additional 46 shares during the period. Finally, Meridian Financial Partners LLC grew its holdings in Honeywell International by 3.8% during the 4th quarter. Meridian Financial Partners LLC now owns 1,258 shares of the conglomerate’s stock worth $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 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.