Honeywell International Inc. (HON) Receives Consensus Rating of “Buy” from Brokerages

Honeywell International Inc. (NYSE:HON) has been assigned a consensus recommendation of “Buy” from the twenty analysts that are currently covering the company, Marketbeat reports. Three analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is $166.50.

HON has been the subject of a number of analyst reports. UBS Group initiated coverage on shares of Honeywell International in a research report on Monday, January 22nd. They issued a “buy” rating for the company. Cowen reaffirmed a “buy” rating and issued a $168.00 target price on shares of Honeywell International in a research report on Monday, January 22nd. Deutsche Bank reaffirmed a “buy” rating and issued a $171.00 target price on shares of Honeywell International in a research report on Tuesday, November 28th. Argus raised their target price on shares of Honeywell International from $160.00 to $170.00 and gave the company a “buy” rating in a research report on Friday, December 22nd. Finally, Jefferies Group raised their target price on shares of Honeywell International from $162.00 to $180.00 and gave the company a “buy” rating in a research report on Thursday, December 14th.

In other news, Director Linnet F. Deily sold 2,886 shares of Honeywell International stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $147.71, for a total value of $426,291.06. Following the completion of the transaction, the director now owns 9,105 shares of the company’s stock, valued at approximately $1,344,899.55. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.56% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of HON. DekaBank Deutsche Girozentrale lifted its stake in shares of Honeywell International by 5.4% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 217,832 shares of the conglomerate’s stock worth $29,184,000 after buying an additional 11,091 shares during the last quarter. BTC Capital Management Inc. raised its stake in Honeywell International by 16.6% in the 2nd quarter. BTC Capital Management Inc. now owns 60,954 shares of the conglomerate’s stock worth $8,126,000 after purchasing an additional 8,656 shares in the last quarter. Rhumbline Advisers raised its stake in Honeywell International by 5.3% in the 2nd quarter. Rhumbline Advisers now owns 1,251,705 shares of the conglomerate’s stock worth $166,840,000 after purchasing an additional 62,958 shares in the last quarter. Catalyst Capital Advisors LLC raised its stake in Honeywell International by 3,956.5% in the 2nd quarter. Catalyst Capital Advisors LLC now owns 93,300 shares of the conglomerate’s stock worth $12,436,000 after purchasing an additional 91,000 shares in the last quarter. Finally, 440 Investment Group LLC raised its stake in Honeywell International by 6.6% in the 2nd quarter. 440 Investment Group LLC now owns 6,419 shares of the conglomerate’s stock worth $856,000 after purchasing an additional 400 shares in the last quarter. Institutional investors own 75.73% of the company’s stock.

Shares of Honeywell International (NYSE:HON) traded up $0.61 during mid-day trading on Wednesday, hitting $154.03. 2,801,100 shares of the stock traded hands, compared to its average volume of 3,575,403. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.38 and a quick ratio of 1.13. Honeywell International has a 52 week low of $122.40 and a 52 week high of $165.13. The company has a market capitalization of $116,570.00, a P/E ratio of 35.99, a price-to-earnings-growth ratio of 2.17 and a beta of 0.96.

Honeywell International (NYSE:HON) last issued its quarterly earnings data on Friday, January 26th. The conglomerate reported $1.85 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.84 by $0.01. The company had revenue of $10.84 billion during the quarter, compared to the consensus estimate of $10.80 billion. Honeywell International had a net margin of 4.08% and a return on equity of 27.27%. The firm’s revenue was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.74 earnings per share. sell-side analysts predict that Honeywell International will post 7.97 earnings per share for the current fiscal year.

Honeywell International declared that its Board of Directors has approved a share repurchase plan on Friday, December 8th that permits the company to repurchase $6.50 billion in shares. This repurchase authorization permits the conglomerate to buy shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 9th. Stockholders of record on Friday, February 23rd will be given a $0.745 dividend. This represents a $2.98 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date is Thursday, February 22nd. Honeywell International’s dividend payout ratio (DPR) is presently 69.63%.

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Honeywell International Company Profile

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.

Analyst Recommendations for Honeywell International (NYSE:HON)

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