Honeywell International Inc. (NASDAQ:HON) Receives $245.23 Consensus Price Target from Analysts

Shares of Honeywell International Inc. (NASDAQ:HON) have received a consensus rating of “Moderate Buy” from the seventeen analysts that are currently covering the firm, Marketbeat Ratings reports. Eight research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $245.57.

A number of analysts recently issued reports on HON shares. JPMorgan Chase & Co. lifted their price objective on Honeywell International from $182.00 to $217.00 and gave the company a “neutral” rating in a research report on Friday, May 16th. Morgan Stanley lifted their price target on Honeywell International from $210.00 to $217.00 and gave the company an “equal weight” rating in a report on Tuesday, February 11th. StockNews.com upgraded shares of Honeywell International from a “hold” rating to a “buy” rating in a report on Thursday, May 15th. Deutsche Bank Aktiengesellschaft upgraded Honeywell International from a “hold” rating to a “buy” rating and increased their price target for the company from $236.00 to $260.00 in a report on Friday, February 7th. Finally, Royal Bank of Canada lifted their price objective on Honeywell International from $211.00 to $226.00 and gave the stock a “sector perform” rating in a research note on Wednesday, April 30th.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in HON. Mainstream Capital Management LLC bought a new position in Honeywell International in the 4th quarter valued at approximately $25,000. Avalon Trust Co increased its holdings in shares of Honeywell International by 166.7% during the fourth quarter. Avalon Trust Co now owns 120 shares of the conglomerate’s stock worth $27,000 after buying an additional 75 shares in the last quarter. Mpwm Advisory Solutions LLC bought a new position in shares of Honeywell International in the 4th quarter valued at $29,000. Hoese & Co LLP acquired a new stake in shares of Honeywell International during the 4th quarter valued at $30,000. Finally, Accredited Wealth Management LLC bought a new stake in Honeywell International during the 4th quarter worth $34,000. 75.91% of the stock is owned by institutional investors.

Honeywell International Trading Down 1.4%

Shares of NASDAQ HON opened at $221.87 on Monday. The company has a quick ratio of 1.01, a current ratio of 1.31 and a debt-to-equity ratio of 1.33. Honeywell International has a 12 month low of $179.36 and a 12 month high of $242.77. The company has a market cap of $142.59 billion, a price-to-earnings ratio of 25.47, a P/E/G ratio of 2.51 and a beta of 1.07. The business has a fifty day simple moving average of $207.09 and a 200-day simple moving average of $216.04.

Honeywell International (NASDAQ:HON) last released its earnings results on Tuesday, April 29th. The conglomerate reported $2.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.21 by $0.30. Honeywell International had a return on equity of 35.78% and a net margin of 14.82%. The company had revenue of $9.82 billion during the quarter, compared to analyst estimates of $9.59 billion. During the same quarter in the prior year, the company earned $2.25 earnings per share. The company’s revenue for the quarter was up 7.9% on a year-over-year basis. Sell-side analysts predict that Honeywell International will post 10.34 EPS for the current year.

Honeywell International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, May 16th will be issued a dividend of $1.13 per share. The ex-dividend date is Friday, May 16th. This represents a $4.52 annualized dividend and a dividend yield of 2.04%. Honeywell International’s dividend payout ratio is presently 51.95%.

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.