Honeywell International Inc. (HON) Receives $165.34 Average PT from Analysts

Honeywell International Inc. (NYSE:HON) has earned an average rating of “Buy” from the twenty-one ratings firms that are currently covering the stock, MarketBeat.com reports. Five research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $165.34.

Several analysts recently issued reports on HON shares. Deutsche Bank increased their price target on shares of Honeywell International to $160.00 and gave the stock a “buy” rating in a research report on Monday, February 4th. Zacks Investment Research restated a “hold” rating on shares of Honeywell International in a research report on Monday, December 31st. CIBC restated a “market perform” rating on shares of Honeywell International in a research report on Tuesday, January 8th. Oppenheimer restated a “market perform” rating on shares of Honeywell International in a research report on Tuesday, January 8th. Finally, Royal Bank of Canada upgraded shares of Honeywell International from a “sector perform” rating to an “outperform” rating and set a $148.00 target price on the stock in a research report on Thursday, January 3rd.

In other news, Director Linnet F. Deily sold 4,234 shares of Honeywell International stock in a transaction on Wednesday, February 6th. The shares were sold at an average price of $148.75, for a total transaction of $629,807.50. Following the transaction, the director now owns 11,369 shares in the company, valued at $1,691,138.75. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Timothy O. Mahoney sold 73,352 shares of Honeywell International stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $154.30, for a total transaction of $11,318,213.60. Following the transaction, the insider now owns 305,505 shares in the company, valued at approximately $47,139,421.50. The disclosure for this sale can be found here. Company insiders own 0.73% of the company’s stock.

Large investors have recently modified their holdings of the company. Eagle Capital Management LLC raised its stake in Honeywell International by 1.9% during the third quarter. Eagle Capital Management LLC now owns 21,247 shares of the conglomerate’s stock worth $3,536,000 after buying an additional 406 shares during the last quarter. HC Financial Advisors Inc. raised its stake in Honeywell International by 7.3% during the third quarter. HC Financial Advisors Inc. now owns 15,365 shares of the conglomerate’s stock worth $2,557,000 after buying an additional 1,041 shares during the last quarter. Jennison Associates LLC raised its stake in Honeywell International by 78.9% during the third quarter. Jennison Associates LLC now owns 115,570 shares of the conglomerate’s stock worth $19,231,000 after buying an additional 50,954 shares during the last quarter. AXA raised its stake in Honeywell International by 3.8% during the third quarter. AXA now owns 1,123,310 shares of the conglomerate’s stock worth $186,919,000 after buying an additional 40,685 shares during the last quarter. Finally, FormulaFolio Investments LLC raised its stake in Honeywell International by 5.9% during the third quarter. FormulaFolio Investments LLC now owns 9,658 shares of the conglomerate’s stock worth $1,607,000 after buying an additional 536 shares during the last quarter. Institutional investors own 75.59% of the company’s stock.

Shares of NYSE HON traded up $0.38 during trading hours on Friday, hitting $158.92. 2,544,900 shares of the stock were exchanged, compared to its average volume of 2,905,185. The company has a current ratio of 1.29, a quick ratio of 1.06 and a debt-to-equity ratio of 0.53. The firm has a market capitalization of $115.48 billion, a price-to-earnings ratio of 19.84, a P/E/G ratio of 2.21 and a beta of 1.10. Honeywell International has a 1-year low of $123.48 and a 1-year high of $167.72.

Honeywell International (NYSE:HON) last posted its quarterly earnings results on Friday, February 1st. The conglomerate reported $1.91 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.88 by $0.03. The business had revenue of $9.73 billion for the quarter, compared to analyst estimates of $9.72 billion. Honeywell International had a net margin of 16.18% and a return on equity of 33.36%. The firm’s revenue for the quarter was down 10.3% on a year-over-year basis. During the same quarter last year, the business posted $1.85 EPS. On average, equities research analysts forecast that Honeywell International will post 7.95 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, March 8th. Shareholders of record on Friday, February 22nd were given a $0.82 dividend. The ex-dividend date of this dividend was Thursday, February 21st. This represents a $3.28 dividend on an annualized basis and a yield of 2.06%. Honeywell International’s dividend payout ratio is currently 40.95%.

About Honeywell International

Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. Its Aerospace segment supplies products, software, and services for aircrafts and vehicles. This 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 connected solutions and data services for the aftermarket, as well as provides wireless connectivity and management and technical services.

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Analyst Recommendations for Honeywell International (NYSE:HON)

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