Honeywell International (NASDAQ:HON) Downgraded by StockNews.com to “Hold”

StockNews.com lowered shares of Honeywell International (NASDAQ:HON) from a buy rating to a hold rating in a research note issued to investors on Thursday.

HON has been the subject of several other reports. Barclays raised their price target on Honeywell International from $230.00 to $232.00 and gave the company an overweight rating in a report on Tuesday, April 2nd. Berenberg Bank upgraded shares of Honeywell International from a hold rating to a buy rating and upped their target price for the stock from $195.00 to $240.00 in a research note on Wednesday, March 6th. Royal Bank of Canada reduced their price target on shares of Honeywell International from $210.00 to $209.00 and set a sector perform rating for the company in a research report on Friday, February 2nd. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a hold rating and issued a $215.00 price objective (down from $227.00) on shares of Honeywell International in a research report on Tuesday, April 16th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of Hold and a consensus price target of $215.71.

Honeywell International Trading Up 1.1 %

Shares of HON opened at $195.81 on Thursday. Honeywell International has a fifty-two week low of $174.88 and a fifty-two week high of $210.87. The firm has a market cap of $127.51 billion, a price-to-earnings ratio of 22.69, a PEG ratio of 2.26 and a beta of 1.02. The firm has a 50 day moving average price of $197.66 and a 200-day moving average price of $196.74. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.28 and a current ratio of 1.66.

Honeywell International (NASDAQ:HON) last issued its 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 firm had revenue of $9.11 billion for the quarter, compared to analysts’ expectations of $9.03 billion. Honeywell International had a net margin of 15.52% and a return on equity of 35.88%. The business’s revenue was up 2.7% on a year-over-year basis. During the same quarter last year, the business earned $2.07 earnings per share. As a group, equities research analysts forecast that Honeywell International will post 9.94 earnings per share for the current year.

Honeywell International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 7th. Investors of record on Friday, May 17th will be paid a dividend of $1.08 per share. The ex-dividend date is Thursday, May 16th. This represents a $4.32 annualized dividend and a yield of 2.21%. Honeywell International’s dividend payout ratio (DPR) is 50.06%.

Insiders Place Their Bets

In other Honeywell International news, CFO Gregory P. Lewis sold 25,209 shares of Honeywell International stock in a transaction dated 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 completion of the sale, the chief financial officer now owns 55,471 shares of the company’s stock, valued at approximately $10,709,231.26. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CFO Gregory P. Lewis sold 25,209 shares of Honeywell International stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $193.06, for a total transaction of $4,866,849.54. Following the completion of the transaction, the chief financial officer now directly owns 55,471 shares of the company’s stock, valued at approximately $10,709,231.26. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Darius Adamczyk sold 25,500 shares of Honeywell International stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $197.19, for a total value of $5,028,345.00. Following the completion of the transaction, the director now owns 183,400 shares of the company’s stock, valued at approximately $36,164,646. The disclosure for this sale can be found here. 0.41% of the stock is owned by insiders.

Institutional Investors Weigh In On Honeywell International

Large investors have recently bought and sold shares of the company. Hemington Wealth Management acquired a new position in Honeywell International in the 1st quarter valued at about $245,000. Blue Square Asset Management LLC raised its position in shares of Honeywell International by 7.7% during the 1st quarter. Blue Square Asset Management LLC now owns 7,167 shares of the conglomerate’s stock valued at $1,471,000 after buying an additional 511 shares during the period. Geneos Wealth Management Inc. lifted its holdings in Honeywell International by 1.9% in the first quarter. Geneos Wealth Management Inc. now owns 19,765 shares of the conglomerate’s stock valued at $4,057,000 after acquiring an additional 372 shares during the last quarter. DAVENPORT & Co LLC grew its position in Honeywell International by 0.5% in the first quarter. DAVENPORT & Co LLC now owns 417,588 shares of the conglomerate’s stock worth $85,729,000 after acquiring an additional 2,165 shares during the period. Finally, Catalina Capital Group LLC increased its stake in Honeywell International by 56.6% during the first quarter. Catalina Capital Group LLC now owns 1,860 shares of the conglomerate’s stock worth $382,000 after acquiring an additional 672 shares during the last quarter. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

Honeywell International Company Profile

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.