Jefferies Group LLC restated their buy rating on shares of Honeywell International Inc. (NYSE:HON) in a report published on Monday, July 24th. The brokerage currently has a $155.00 price objective on the conglomerate’s stock, up from their prior price objective of $141.00.
HON has been the topic of several other reports. Stifel Nicolaus lifted their price objective on Honeywell International from $136.00 to $143.00 and gave the company a buy rating in a research report on Tuesday, April 25th. HSBC Holdings plc began coverage on Honeywell International in a research report on Wednesday, June 21st. They set a buy rating and a $147.00 price objective on the stock. Zacks Investment Research raised Honeywell International from a hold rating to a buy rating and set a $150.00 price objective on the stock in a research report on Wednesday, June 28th. Oppenheimer Holdings, Inc. reaffirmed an outperform rating and set a $148.00 price objective on shares of Honeywell International in a research report on Tuesday, April 25th. Finally, Credit Suisse Group reissued a hold rating and issued a $122.00 price target on shares of Honeywell International in a research report on Friday, April 21st. One investment analyst has rated the stock with a hold rating and eighteen have assigned a buy rating to the company. The stock currently has an average rating of Buy and an average price target of $139.64.
Honeywell International (HON) traded down 0.66% on Monday, reaching $134.95. The company had a trading volume of 2,977,551 shares. The firm has a market capitalization of $102.64 billion, a price-to-earnings ratio of 20.93 and a beta of 0.94. The company’s 50 day moving average is $136.42 and its 200-day moving average is $130.09. Honeywell International has a one year low of $105.25 and a one year high of $140.21.
Honeywell International (NYSE:HON) last posted its quarterly earnings data on Friday, July 21st. The conglomerate reported $1.80 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.78 by $0.02. The business had revenue of $10.08 billion for the quarter, compared to analysts’ expectations of $9.89 billion. Honeywell International had a return on equity of 26.60% and a net margin of 12.68%. The business’s revenue was up .9% on a year-over-year basis. During the same period in the previous year, the firm posted $1.70 EPS. On average, equities research analysts expect that Honeywell International will post $7.09 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 8th. Shareholders of record on Friday, August 18th will be paid a dividend of $0.665 per share. The ex-dividend date is Wednesday, August 16th. This represents a $2.66 dividend on an annualized basis and a yield of 1.97%. Honeywell International’s dividend payout ratio is presently 41.24%.
In other Honeywell International news, SVP Katherine L. Adams sold 116,021 shares of the business’s stock in a transaction on Monday, May 22nd. The shares were sold at an average price of $131.70, for a total transaction of $15,279,965.70. Following the completion of the sale, the senior vice president now directly owns 286,199 shares in the company, valued at approximately $37,692,408.30. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, VP Jennifer H. Mak sold 420 shares of the business’s stock in a transaction on Thursday, July 27th. The shares were sold at an average price of $136.66, for a total transaction of $57,397.20. Following the sale, the vice president now owns 1,363 shares of the company’s stock, valued at $186,267.58. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 469,799 shares of company stock valued at $64,094,877. Company insiders own 1.56% of the company’s stock.
Large investors have recently modified their holdings of the stock. Crestwood Advisors Group LLC acquired a new stake in shares of Honeywell International during the first quarter worth about $100,000. Peoples Financial Services CORP. increased its stake in shares of Honeywell International by 62.2% in the first quarter. Peoples Financial Services CORP. now owns 811 shares of the conglomerate’s stock worth $101,000 after buying an additional 311 shares during the last quarter. Hanson McClain Inc. increased its stake in shares of Honeywell International by 0.4% in the first quarter. Hanson McClain Inc. now owns 810 shares of the conglomerate’s stock worth $101,000 after buying an additional 3 shares during the last quarter. Burt Wealth Advisors increased its stake in shares of Honeywell International by 65.4% in the second quarter. Burt Wealth Advisors now owns 759 shares of the conglomerate’s stock worth $101,000 after buying an additional 300 shares during the last quarter. Finally, Guidant Wealth Advisors increased its stake in shares of Honeywell International by 15.8% in the second quarter. Guidant Wealth Advisors now owns 764 shares of the conglomerate’s stock worth $102,000 after buying an additional 104 shares during the last quarter. 76.49% of the stock is owned by hedge funds and other institutional investors.
About Honeywell International
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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