Brokerages Set Honeywell International Inc. (NASDAQ:HON) PT at $223.13

Shares of Honeywell International Inc. (NASDAQ:HON) have received a consensus recommendation of “Hold” from the eight analysts that are presently covering the stock, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $223.13.

Several research firms have weighed in on HON. Daiwa America raised Honeywell International to a “moderate buy” rating in a research note on Wednesday, June 5th. Morgan Stanley began coverage on Honeywell International in a research note on Friday, September 6th. They set an “equal weight” rating and a $210.00 target price on the stock. StockNews.com cut Honeywell International from a “buy” rating to a “hold” rating in a research note on Friday, August 30th. UBS Group raised Honeywell International from a “sell” rating to a “neutral” rating and lifted their target price for the company from $175.00 to $215.00 in a research note on Monday, June 10th. Finally, Royal Bank of Canada lowered their target price on Honeywell International from $218.00 to $214.00 and set a “sector perform” rating on the stock in a research note on Friday, July 26th.

Honeywell International Stock Down 0.3 %

Shares of NASDAQ:HON opened at $204.15 on Wednesday. The firm has a 50 day simple moving average of $205.48 and a 200 day simple moving average of $203.24. Honeywell International has a 52 week low of $174.88 and a 52 week high of $220.79. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.91 and a current ratio of 1.21. The company has a market cap of $132.63 billion, a PE ratio of 23.66, a price-to-earnings-growth ratio of 2.32 and a beta of 1.03.

Honeywell International (NASDAQ:HON) last issued its earnings results on Thursday, July 25th. The conglomerate reported $2.49 EPS for the quarter, topping the consensus estimate of $2.42 by $0.07. The business had revenue of $9.58 billion during the quarter, compared to analysts’ expectations of $9.41 billion. Honeywell International had a return on equity of 36.87% and a net margin of 15.49%. Honeywell International’s revenue was up 4.7% compared to the same quarter last year. During the same quarter last year, the firm posted $2.23 earnings per share. As a group, research analysts expect that Honeywell International will post 10.11 earnings per share for the current year.

Honeywell International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Friday, August 16th were paid a $1.08 dividend. The ex-dividend date was Friday, August 16th. This represents a $4.32 annualized dividend and a dividend yield of 2.12%. Honeywell International’s payout ratio is 50.06%.

Institutional Investors Weigh In On Honeywell International

Several large investors have recently made changes to their positions in the company. Torray Investment Partners LLC boosted its position in Honeywell International by 0.3% during the fourth quarter. Torray Investment Partners LLC now owns 58,708 shares of the conglomerate’s stock worth $12,312,000 after purchasing an additional 190 shares during the period. Connectus Wealth LLC boosted its position in Honeywell International by 2.2% during the fourth quarter. Connectus Wealth LLC now owns 224,661 shares of the conglomerate’s stock worth $47,128,000 after purchasing an additional 4,789 shares during the period. Main Street Financial Solutions LLC boosted its position in Honeywell International by 2.6% during the fourth quarter. Main Street Financial Solutions LLC now owns 4,561 shares of the conglomerate’s stock worth $956,000 after purchasing an additional 114 shares during the period. Sanibel Captiva Trust Company Inc. bought a new stake in Honeywell International during the fourth quarter worth approximately $27,230,000. Finally, Trilogy Capital Inc. boosted its position in Honeywell International by 125.7% during the first quarter. Trilogy Capital Inc. now owns 2,422 shares of the conglomerate’s stock worth $497,000 after purchasing an additional 1,349 shares during the period. Institutional investors own 75.91% of the company’s stock.

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.