Honeywell International (NASDAQ:HON) Upgraded to Buy at StockNews.com

StockNews.com upgraded shares of Honeywell International (NASDAQ:HON) from a hold rating to a buy rating in a research note released on Wednesday.

A number of other analysts have also recently commented on the company. Deutsche Bank Aktiengesellschaft reaffirmed a hold rating and issued a $215.00 price target (down from $227.00) on shares of Honeywell International in a research note on Tuesday, April 16th. Berenberg Bank raised shares of Honeywell International from a hold rating to a buy rating and boosted their price target for the company from $195.00 to $240.00 in a report on Wednesday, March 6th. Barclays lifted their target price on Honeywell International from $230.00 to $232.00 and gave the stock an overweight rating in a report on Tuesday, April 2nd. Finally, Royal Bank of Canada lowered their price target on Honeywell International from $210.00 to $209.00 and set a sector perform rating for the company in a report on Friday, February 2nd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, Honeywell International presently has a consensus rating of Hold and a consensus price target of $215.71.

Honeywell International Trading Up 0.6 %

NASDAQ HON traded up $1.23 during trading hours on Wednesday, hitting $205.21. The company’s stock had a trading volume of 172,440 shares, compared to its average volume of 2,956,051. The stock has a fifty day moving average of $197.98 and a 200 day moving average of $197.80. The company has a quick ratio of 1.28, a current ratio of 1.66 and a debt-to-equity ratio of 1.30. Honeywell International has a twelve month low of $174.88 and a twelve month high of $210.87. The firm has a market capitalization of $133.63 billion, a P/E ratio of 23.76, a PEG ratio of 2.35 and a beta of 1.02.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings results on Thursday, April 25th. The conglomerate reported $2.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.17 by $0.08. The business had revenue of $9.11 billion for the quarter, compared to analyst estimates of $9.03 billion. Honeywell International had a return on equity of 35.88% and a net margin of 15.52%. The firm’s revenue was up 2.7% on a year-over-year basis. During the same period last year, the company earned $2.07 EPS. Equities research analysts forecast that Honeywell International will post 9.94 earnings per share for the current fiscal year.

Honeywell International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 7th. Investors of record on Friday, May 17th will be given a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a yield of 2.11%. The ex-dividend date is Thursday, May 16th. Honeywell International’s dividend payout ratio is presently 50.06%.

Insiders Place Their Bets

In other Honeywell International news, Director Darius Adamczyk sold 28,500 shares of Honeywell International stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $203.96, for a total value of $5,812,860.00. Following the sale, the director now directly owns 203,510 shares in the company, valued at approximately $41,507,899.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Darius Adamczyk sold 28,500 shares of the stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $203.96, for a total value of $5,812,860.00. Following the transaction, the director now directly owns 203,510 shares of the company’s stock, valued at $41,507,899.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Gregory P. Lewis sold 25,209 shares of the firm’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $193.06, for a total transaction of $4,866,849.54. Following the sale, the chief financial officer now owns 55,471 shares of the company’s stock, valued at $10,709,231.26. The disclosure for this sale can be found here. Insiders own 0.41% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in HON. LGT Group Foundation acquired a new stake in Honeywell International during the first quarter worth approximately $26,000. Scarborough Advisors LLC bought a new stake in shares of Honeywell International during the 4th quarter valued at $27,000. Altshuler Shaham Ltd acquired a new stake in shares of Honeywell International during the 4th quarter worth $27,000. Rakuten Securities Inc. acquired a new position in Honeywell International in the fourth quarter valued at about $31,000. Finally, Cordant Inc. acquired a new position in Honeywell International in the fourth quarter valued at about $31,000. 75.91% of the stock is owned by institutional investors and hedge funds.

About Honeywell International

Honeywell International Inc engages in the aerospace technologies, building automation, energy and sustainable solutions, and industrial automation businesses in the United States, Europe, and internationally. The company's Aerospace 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 thermal systems, as well as wireless connectivity services.