Citigroup set a $180.00 price target on Honeywell International (NYSE:HON) in a research report report published on Thursday morning. The brokerage currently has a buy rating on the conglomerate’s stock.
A number of other research firms also recently weighed in on HON. Zacks Investment Research raised Honeywell International from a hold rating to a buy rating and set a $155.00 target price for the company in a report on Thursday, August 17th. Deutsche Bank reaffirmed a buy rating and issued a $154.00 price target on shares of Honeywell International in a research note on Thursday, September 21st. Royal Bank of Canada boosted their price target on Honeywell International from $148.00 to $156.00 and gave the company an outperform rating in a research note on Monday, October 23rd. Jefferies Group reaffirmed a buy rating and issued a $155.00 price target on shares of Honeywell International in a research note on Thursday, September 28th. Finally, Credit Suisse Group reaffirmed a neutral rating and issued a $150.00 price target (up previously from $141.00) on shares of Honeywell International in a research note on Monday, October 23rd. Two analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. The stock presently has an average rating of Buy and an average price target of $159.79.
Honeywell International (HON) traded up $1.02 on Thursday, hitting $154.25. The stock had a trading volume of 4,293,800 shares, compared to its average volume of 2,727,897. Honeywell International has a 12 month low of $113.60 and a 12 month high of $156.70. The company has a quick ratio of 1.09, a current ratio of 1.35 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $116,647.13, a P/E ratio of 22.18, a P/E/G ratio of 2.35 and a beta of 0.99.
The firm also recently announced a quarterly dividend, which was paid on Friday, December 8th. Shareholders of record on Friday, November 17th were paid a dividend of $0.745 per share. This is an increase from Honeywell International’s previous quarterly dividend of $0.67. The ex-dividend date of this dividend was Thursday, November 16th. This represents a $2.98 annualized dividend and a yield of 1.93%. Honeywell International’s payout ratio is presently 45.15%.
Honeywell International declared that its Board of Directors has approved a stock buyback program on Friday, December 8th that allows the company to buyback $6.50 billion in shares. This buyback authorization allows the conglomerate to reacquire shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s management believes its shares are undervalued.
In other news, VP Krishna Mikkilineni sold 13,074 shares of the business’s stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $145.12, for a total transaction of $1,897,298.88. Following the sale, the vice president now directly owns 104,998 shares in the company, valued at $15,237,309.76. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Bradley T. Sheares sold 1,328 shares of the business’s stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $146.41, for a total value of $194,432.48. Following the sale, the director now owns 4,002 shares in the company, valued at $585,932.82. The disclosure for this sale can be found here. 1.56% of the stock is currently owned by insiders.
Several large investors have recently added to or reduced their stakes in the company. Janus Henderson Group PLC boosted its holdings in shares of Honeywell International by 4,986.7% during the 2nd quarter. Janus Henderson Group PLC now owns 4,395,092 shares of the conglomerate’s stock worth $585,822,000 after buying an additional 4,308,688 shares in the last quarter. Ameriprise Financial Inc. grew its stake in Honeywell International by 38.9% in the 2nd quarter. Ameriprise Financial Inc. now owns 13,323,259 shares of the conglomerate’s stock valued at $1,776,394,000 after purchasing an additional 3,728,533 shares during the period. Clearbridge Investments LLC grew its stake in Honeywell International by 69.2% in the 1st quarter. Clearbridge Investments LLC now owns 5,171,598 shares of the conglomerate’s stock valued at $645,777,000 after purchasing an additional 2,114,627 shares during the period. Harbour Capital Advisors LLC grew its stake in Honeywell International by 13,551.7% in the 2nd quarter. Harbour Capital Advisors LLC now owns 1,804,613 shares of the conglomerate’s stock valued at $13,539,000 after purchasing an additional 1,791,394 shares during the period. Finally, Vanguard Group Inc. grew its stake in Honeywell International by 2.5% in the 2nd quarter. Vanguard Group Inc. now owns 49,713,013 shares of the conglomerate’s stock valued at $6,626,247,000 after purchasing an additional 1,234,672 shares during the period. Institutional investors own 76.04% of the company’s stock.
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About Honeywell International
Honeywell International Inc is a technology and manufacturing company. The Company operates through four segments: Aerospace, Home and Building Technologies, Performance Materials and Technologies, and Safety and Productivity Solutions. The Company’s Aerospace segment supplies products, software and services for aircraft and vehicles that it sells to original equipment manufacturers (OEMs) and other customers.
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