Cowen and Company reiterated their buy rating on shares of Honeywell International Inc. (NYSE:HON) in a report issued on Thursday morning. Cowen and Company currently has a $150.00 target price on the conglomerate’s stock.
A number of other equities research analysts have also weighed in on the company. Zacks Investment Research upgraded Honeywell International from a hold rating to a buy rating and set a $151.00 price target on the stock in a research note on Thursday, July 20th. Morgan Stanley restated an overweight rating and set a $141.00 price target (up previously from $137.00) on shares of Honeywell International in a research note on Thursday, June 22nd. BidaskClub upgraded Honeywell International from a buy rating to a strong-buy rating in a research note on Wednesday, June 21st. HSBC Holdings plc started coverage on Honeywell International in a research note on Wednesday, June 21st. They set a buy rating and a $147.00 price target on the stock. Finally, Deutsche Bank AG restated a buy rating and set a $154.00 price target on shares of Honeywell International in a research note on Thursday, September 21st. One analyst has rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average price target of $149.52.
Shares of Honeywell International (NYSE HON) traded up 1.20% during mid-day trading on Thursday, hitting $145.35. 3,369,519 shares of the stock were exchanged. Honeywell International has a 12 month low of $108.01 and a 12 month high of $145.96. The stock’s 50 day moving average is $140.77 and its 200-day moving average is $135.04. The stock has a market cap of $110.55 billion, a PE ratio of 22.54 and a beta of 0.95.
Honeywell International (NYSE:HON) last issued its quarterly earnings results on Friday, October 20th. The conglomerate reported $1.75 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $1.75. Honeywell International had a return on equity of 26.60% and a net margin of 12.68%. The business had revenue of $10.12 billion for the quarter, compared to analyst estimates of $10.05 billion. During the same quarter in the previous year, the firm earned $1.60 earnings per share. The company’s revenue was up 3.2% on a year-over-year basis. On average, analysts anticipate that Honeywell International will post $7.09 EPS for the current year.
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The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Friday, November 17th will be given a $0.745 dividend. This represents a $2.98 annualized dividend and a yield of 2.05%. The ex-dividend date of this dividend is Thursday, November 16th. This is a positive change from Honeywell International’s previous quarterly dividend of $0.67. Honeywell International’s dividend payout ratio is currently 40.30%.
In other news, VP Jennifer H. Mak sold 420 shares of the company’s stock in a transaction that occurred on Thursday, July 27th. The stock was sold at an average price of $136.66, for a total transaction of $57,397.20. Following the completion of the transaction, the vice president now directly owns 1,363 shares of the company’s stock, valued at approximately $186,267.58. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Timothy O. Mahoney sold 341,701 shares of the company’s stock in a transaction that occurred on Wednesday, August 2nd. The stock was sold at an average price of $138.08, for a total value of $47,182,074.08. Following the transaction, the insider now directly owns 294,155 shares of the company’s stock, valued at $40,616,922.40. The disclosure for this sale can be found here. In the last 90 days, insiders sold 354,108 shares of company stock worth $48,886,463. Insiders own 1.56% of the company’s stock.
Hedge funds have recently made changes to their positions in the company. Hanson McClain Inc. raised its stake in shares of Honeywell International by 0.4% during the 1st quarter. Hanson McClain Inc. now owns 810 shares of the conglomerate’s stock worth $101,000 after buying an additional 3 shares during the period. Burt Wealth Advisors raised its stake in shares of Honeywell International by 65.4% during the 2nd quarter. Burt Wealth Advisors now owns 759 shares of the conglomerate’s stock worth $101,000 after buying an additional 300 shares during the period. Guidant Wealth Advisors raised its stake in shares of Honeywell International by 15.8% during the 2nd quarter. Guidant Wealth Advisors now owns 764 shares of the conglomerate’s stock worth $102,000 after buying an additional 104 shares during the period. Mosaic Family Wealth LLC raised its stake in shares of Honeywell International by 11.4% during the 2nd quarter. Mosaic Family Wealth LLC now owns 762 shares of the conglomerate’s stock worth $102,000 after buying an additional 78 shares during the period. Finally, Jolley Asset Management LLC raised its stake in shares of Honeywell International by 6.9% during the 2nd quarter. Jolley Asset Management LLC now owns 775 shares of the conglomerate’s stock worth $103,000 after buying an additional 50 shares during the period. 75.73% of the stock is owned by institutional investors and hedge funds.
Honeywell International Company Profile
Honeywell International Inc is a technology and manufacturing company. The Company operates through four segments: Aerospace, Home and Building Technologies, Performance Materials and Technologies, and Safety and Productivity Solutions. The Company’s Aerospace segment supplies products, software and services for aircraft and vehicles that it sells to original equipment manufacturers (OEMs) and other customers.
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