Honeywell International Inc. (NASDAQ:HON) Stock Rated “Hold” by Wall Street Analysts

Honeywell International Inc. (NASDAQ:HON) has earned an average rating of “Hold” from the twenty-six research firms that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and thirteen have assigned a buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $249.96.

HON has been the topic of a number of recent research reports. Mizuho dropped their target price on Honeywell International from $265.00 to $255.00 and set an “outperform” rating on the stock in a report on Thursday, October 15th. Bank of America upgraded shares of Honeywell International from an “underperform” rating to a “neutral” rating and increased their target price for the company from $205.00 to $265.00 in a report on Tuesday, July 28th. Zacks Research upgraded shares of Honeywell International from a “strong sell” rating to a “hold” rating in a report on Friday, September 4th. JPMorgan Chase & Co. raised their price target on shares of Honeywell International from $240.00 to $241.00 and gave the company an “overweight” rating in a research report on Friday, October 23rd. Finally, BMO Capital Markets reaffirmed an “outperform” rating and issued a $261.00 price objective on shares of Honeywell International in a research report on Friday, October 23rd.

Honeywell International Price Performance

Honeywell International stock opened at $218.33 on Monday. The stock has a 50-day moving average price of $211.64 and a two-hundred day moving average price of $224.54. Honeywell International has a 12 month low of $196.59 and a 12 month high of $261.24. The company has a market capitalization of $69.29 billion, a PE ratio of 9.82, a P/E/G ratio of 1.63 and a beta of 0.86. The company has a current ratio of 0.96, a quick ratio of 0.82 and a debt-to-equity ratio of 0.46.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings data on Thursday, October 22nd. The conglomerate reported $2.27 EPS for the quarter, topping analysts’ consensus estimates of $2.17 by $0.10. Honeywell International had a return on equity of 25.62% and a net margin of 24.36%. The company had revenue of $4.99 billion for the quarter, compared to analyst estimates of $5.01 billion. During the same period in the previous year, the firm earned $2.82 earnings per share. The firm’s quarterly revenue was up 1.3% on a year-over-year basis. Analysts expect that Honeywell International will post 8.44 EPS for the current year.

Honeywell International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 4th. Stockholders of record on Friday, November 13th will be paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Friday, November 13th. Honeywell International’s payout ratio is presently 32.12%.

Insider Activity at Honeywell International

In other news, CEO Vimal Kapur sold 6,459 shares of the firm’s stock in a transaction that occurred on Monday, October 26th. The shares were sold at an average price of $220.99, for a total transaction of $1,427,374.41. Following the completion of the sale, the chief executive officer owned 4,437 shares in the company, valued at $980,532.63. This trade represents a 59.28% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Su Lu sold 2,943 shares of Honeywell International stock in a transaction that occurred on Monday, October 26th. The stock was sold at an average price of $221.18, for a total transaction of $650,932.74. Following the completion of the sale, the vice president directly owned 6,631 shares in the company, valued at $1,466,644.58. This trade represents a 30.74% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 0.15% of the company’s stock.

Hedge Funds Weigh In On Honeywell International

Several institutional investors have recently bought and sold shares of HON. Bank of America Corp DE raised its holdings in Honeywell International by 0.3% during the 1st quarter. Bank of America Corp DE now owns 9,124,527 shares of the conglomerate’s stock valued at $2,062,417,000 after acquiring an additional 31,551 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Honeywell International by 2.3% in the first quarter. Dimensional Fund Advisors LP now owns 3,386,458 shares of the conglomerate’s stock valued at $765,391,000 after purchasing an additional 75,036 shares in the last quarter. Bank of New York Mellon Corp bought a new stake in shares of Honeywell International during the 2nd quarter valued at $732,869,000. Diamant Asset Management Inc. bought a new stake in shares of Honeywell International during the 1st quarter valued at $496,693,000. Finally, Swiss National Bank raised its stake in shares of Honeywell International by 7.1% during the 1st quarter. Swiss National Bank now owns 1,863,300 shares of the conglomerate’s stock valued at $421,162,000 after purchasing an additional 123,500 shares during the period. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Honeywell International Company Profile

Honeywell International Inc is a diversified industrial technology company that develops products and systems for the aerospace, building automation, energy and industrial sectors. Its offerings include aircraft engines and avionics, industrial automation and control systems, building management technologies, fire and security products, personal protective equipment, and specialty materials and chemicals.

The company serves commercial aerospace, defense, airlines, building owners, manufacturers, energy producers and other industrial customers.