Honeywell International Inc. (NASDAQ:HON) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Honeywell International Inc. (NASDAQ:HON) have earned an average rating of “Moderate Buy” from the seventeen analysts that are presently covering the stock, Marketbeat Ratings reports. Eight research analysts have rated the stock with a hold recommendation, eight have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $248.14.

Several research analysts recently weighed in on the company. JPMorgan Chase & Co. raised their target price on Honeywell International from $182.00 to $217.00 and gave the company a “neutral” rating in a research note on Friday, May 16th. Wells Fargo & Company lifted their price objective on shares of Honeywell International from $205.00 to $225.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 30th. Wall Street Zen upgraded shares of Honeywell International from a “hold” rating to a “buy” rating in a report on Thursday, May 15th. Bank of America upgraded shares of Honeywell International from a “neutral” rating to a “buy” rating and set a $250.00 target price for the company in a report on Wednesday, May 7th. Finally, Citigroup upped their price target on Honeywell International from $242.00 to $265.00 and gave the company a “buy” rating in a report on Wednesday, June 4th.

Honeywell International Trading Up 0.1%

Honeywell International stock opened at $226.05 on Friday. Honeywell International has a 12-month low of $179.36 and a 12-month high of $242.77. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.31 and a quick ratio of 1.01. The stock has a market capitalization of $145.28 billion, a PE ratio of 25.95, a price-to-earnings-growth ratio of 2.51 and a beta of 1.08. The firm has a 50 day simple moving average of $212.52 and a 200-day simple moving average of $216.17.

Honeywell International (NASDAQ:HON) last issued its quarterly 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 firm had revenue of $9.82 billion during the quarter, compared to analyst estimates of $9.59 billion. During the same period last year, the company posted $2.25 EPS. The firm’s quarterly revenue was up 7.9% on a year-over-year basis. As a group, equities research analysts expect that Honeywell International will post 10.34 EPS for the current fiscal year.

Honeywell International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 16th were paid a dividend of $1.13 per share. The ex-dividend date of this dividend was Friday, May 16th. This represents a $4.52 annualized dividend and a yield of 2.00%. Honeywell International’s dividend payout ratio (DPR) is presently 51.95%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in HON. Militia Capital Partners LP increased its stake in shares of Honeywell International by 200.0% in the first quarter. Militia Capital Partners LP now owns 810 shares of the conglomerate’s stock worth $172,000 after acquiring an additional 540 shares during the last quarter. 1248 Management LLC purchased a new position in Honeywell International in the first quarter valued at about $49,000. eCIO Inc. acquired a new position in Honeywell International in the 1st quarter worth about $210,000. Modern Wealth Management LLC raised its stake in shares of Honeywell International by 21.1% during the 1st quarter. Modern Wealth Management LLC now owns 105,250 shares of the conglomerate’s stock worth $22,287,000 after purchasing an additional 18,321 shares in the last quarter. Finally, Jones Financial Companies Lllp lifted its holdings in shares of Honeywell International by 22.2% during the 1st quarter. Jones Financial Companies Lllp now owns 165,909 shares of the conglomerate’s stock valued at $34,929,000 after buying an additional 30,122 shares during the last quarter. 75.91% of the stock is owned by hedge funds and other institutional investors.

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.