JPMorgan Chase & Co. reiterated their positive rating on shares of Honeywell International (NYSE:HON) in a research report sent to investors on Thursday morning, The Fly reports.
HON has been the topic of a number of other reports. Morgan Stanley assumed coverage on Honeywell International in a research note on Monday, August 20th. They issued an overweight rating and a $175.00 price target on the stock. ValuEngine upgraded Honeywell International from a hold rating to a buy rating in a research note on Tuesday, July 31st. Zacks Investment Research upgraded Honeywell International from a hold rating to a buy rating and set a $169.00 price target on the stock in a research note on Monday, May 28th. Barclays lifted their price target on Honeywell International from $176.00 to $178.00 and gave the company an overweight rating in a research note on Friday, August 24th. Finally, MED assumed coverage on Honeywell International in a research note on Thursday, July 12th. They issued a buy rating and a $166.00 price target on the stock. Two analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and a consensus price target of $172.94.
Shares of HON stock traded down $0.66 during midday trading on Thursday, hitting $163.35. The company had a trading volume of 48,304 shares, compared to its average volume of 2,209,242. Honeywell International has a 52-week low of $136.32 and a 52-week high of $165.13. The company has a market capitalization of $120.15 billion, a P/E ratio of 22.98, a price-to-earnings-growth ratio of 1.88 and a beta of 1.01. The company has a current ratio of 1.38, a quick ratio of 1.11 and a debt-to-equity ratio of 0.70.
Honeywell International (NYSE:HON) last announced its earnings results on Friday, July 20th. The conglomerate reported $2.12 earnings per share for the quarter, beating the consensus estimate of $2.01 by $0.11. Honeywell International had a return on equity of 31.46% and a net margin of 3.88%. The company had revenue of $10.92 billion for the quarter, compared to the consensus estimate of $10.80 billion. During the same period last year, the business posted $1.80 EPS. The company’s revenue was up 8.3% on a year-over-year basis. equities analysts predict that Honeywell International will post 8.15 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 7th. Investors of record on Friday, August 17th will be issued a dividend of $0.745 per share. The ex-dividend date is Thursday, August 16th. This represents a $2.98 annualized dividend and a yield of 1.82%. Honeywell International’s dividend payout ratio is presently 41.91%.
In related news, Director Linnet F. Deily sold 3,066 shares of Honeywell International stock in a transaction on Monday, July 30th. The stock was sold at an average price of $158.12, for a total transaction of $484,795.92. Following the completion of the transaction, the director now directly owns 11,787 shares of the company’s stock, valued at $1,863,760.44. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Vimal Kapur sold 9,996 shares of Honeywell International stock in a transaction on Friday, July 27th. The stock was sold at an average price of $159.25, for a total value of $1,591,863.00. Following the transaction, the insider now directly owns 16,131 shares of the company’s stock, valued at $2,568,861.75. The disclosure for this sale can be found here. Insiders own 1.33% of the company’s stock.
Hedge funds have recently modified their holdings of the stock. Parsec Financial Management Inc. raised its holdings in shares of Honeywell International by 24.5% in the second quarter. Parsec Financial Management Inc. now owns 1,982 shares of the conglomerate’s stock worth $286,000 after acquiring an additional 390 shares during the last quarter. SFE Investment Counsel raised its holdings in shares of Honeywell International by 6.8% in the second quarter. SFE Investment Counsel now owns 6,981 shares of the conglomerate’s stock worth $1,006,000 after acquiring an additional 446 shares during the last quarter. Weatherly Asset Management L. P. raised its holdings in shares of Honeywell International by 3.9% in the second quarter. Weatherly Asset Management L. P. now owns 8,543 shares of the conglomerate’s stock worth $1,231,000 after acquiring an additional 323 shares during the last quarter. Suncoast Equity Management raised its holdings in shares of Honeywell International by 0.9% in the second quarter. Suncoast Equity Management now owns 153,285 shares of the conglomerate’s stock worth $22,081,000 after acquiring an additional 1,330 shares during the last quarter. Finally, Riverhead Capital Management LLC raised its holdings in shares of Honeywell International by 38.6% in the second quarter. Riverhead Capital Management LLC now owns 17,874 shares of the conglomerate’s stock worth $2,575,000 after acquiring an additional 4,975 shares during the last quarter. 74.55% of the stock is owned by hedge funds and other institutional investors.
About Honeywell International
Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. It operates through four segments: Aerospace; Home and Building Technologies; Performance Materials and Technologies; and Safety and Productivity Solutions. The Aerospace segment supplies products, software, and services for aircraft and vehicles that it sells to original equipment manufacturers and other customers in various markets, including air transport, regional, business and general aviation aircraft, airlines, aircraft operators, defense and space contractors, and automotive and truck manufacturers.
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