Barclays Boosts Honeywell (HON) Price Target to $172.00

Honeywell (NYSE:HON) had its price objective boosted by Barclays from $170.00 to $172.00 in a report published on Monday. The brokerage currently has an overweight rating on the conglomerate’s stock.

HON has been the subject of a number of other reports. Stifel Nicolaus increased their price target on shares of Honeywell from $157.00 to $175.00 and gave the stock a buy rating in a research report on Monday. Zacks Investment Research raised shares of Honeywell from a hold rating to a buy rating and set a $160.00 price target for the company in a research report on Tuesday, April 3rd. Robert W. Baird reissued a buy rating and issued a $187.00 price target on shares of Honeywell in a research report on Friday, January 26th. Cowen reaffirmed a buy rating and set a $168.00 price objective on shares of Honeywell in a research report on Monday, January 22nd. Finally, Royal Bank of Canada lowered shares of Honeywell from an outperform rating to a sector perform rating and cut their price objective for the company from $163.00 to $158.00 in a research report on Wednesday, January 3rd. They noted that the move was a valuation call. Two investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and a consensus price target of $167.47.

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NYSE HON opened at $147.06 on Monday. The company has a quick ratio of 1.11, a current ratio of 1.36 and a debt-to-equity ratio of 0.72. The company has a market capitalization of $109,963.02, a PE ratio of 20.68, a P/E/G ratio of 1.97 and a beta of 0.97. Honeywell has a 52-week low of $129.00 and a 52-week high of $165.13.



Honeywell (NYSE:HON) last posted its quarterly earnings results on Friday, April 20th. The conglomerate reported $1.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.89 by $0.06. The business had revenue of $10.39 billion during the quarter, compared to analyst estimates of $10.03 billion. Honeywell had a net margin of 4.26% and a return on equity of 29.25%. The firm’s revenue was up 9.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.71 earnings per share. sell-side analysts predict that Honeywell will post 8.01 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 8th. Investors of record on Friday, May 18th will be given a dividend of $0.745 per share. This represents a $2.98 annualized dividend and a yield of 2.03%. The ex-dividend date is Thursday, May 17th. Honeywell’s payout ratio is presently 41.91%.

In other Honeywell news, Director Linnet F. Deily sold 2,886 shares of the stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $147.71, for a total transaction of $426,291.06. Following the transaction, the director now owns 9,105 shares in the company, valued at $1,344,899.55. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Jaime Chico /Fa Pardo sold 2,868 shares of the stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $156.36, for a total value of $448,440.48. Following the transaction, the director now owns 41,092 shares in the company, valued at approximately $6,425,145.12. The disclosure for this sale can be found here. Company insiders own 1.33% of the company’s stock.

Hedge funds have recently made changes to their positions in the business. Welch Group LLC acquired a new position in Honeywell during the fourth quarter valued at approximately $100,000. Wagner Wealth Management LLC acquired a new stake in shares of Honeywell in the fourth quarter worth $101,000. Taylor Hoffman Wealth Management acquired a new stake in shares of Honeywell in the fourth quarter worth $113,000. Mascoma Wealth Management LLC grew its stake in shares of Honeywell by 113.2% in the third quarter. Mascoma Wealth Management LLC now owns 806 shares of the conglomerate’s stock worth $114,000 after acquiring an additional 428 shares during the last quarter. Finally, Invictus RG acquired a new stake in shares of Honeywell in the third quarter worth $117,000. Institutional investors own 75.17% of the company’s stock.

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About Honeywell

Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. It operates through four segments: Aerospace; Home and Building Technologies; Performance Materials and Technologies; and Safety and Productivity Solutions. The Aerospace segment supplies products, software, and services for aircraft and vehicles that it sells to original equipment manufacturers and other customers in various markets, including air transport, regional, business and general aviation aircraft, airlines, aircraft operators, defense and space contractors, and automotive and truck manufacturers.

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