Honeywell International (NASDAQ:HON) Rating Lowered to Hold at StockNews.com

StockNews.com cut shares of Honeywell International (NASDAQ:HON) from a buy rating to a hold rating in a research report report published on Friday.

Other equities analysts have also recently issued reports about the company. Citigroup boosted their price target on Honeywell International from $243.00 to $244.00 and gave the stock a buy rating in a report on Tuesday, June 4th. Deutsche Bank Aktiengesellschaft reissued a hold rating and issued a $215.00 price target (down from $227.00) on shares of Honeywell International in a report on Tuesday, April 16th. Daiwa America raised Honeywell International to a moderate buy rating in a report on Wednesday, June 5th. Wells Fargo & Company dropped their target price on Honeywell International from $220.00 to $215.00 and set an equal weight rating for the company in a research note on Friday, July 26th. Finally, UBS Group upgraded Honeywell International from a sell rating to a neutral rating and upped their target price for the company from $175.00 to $215.00 in a research note on Monday, June 10th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of Hold and a consensus target price of $225.00.

Honeywell International Price Performance

HON traded down $1.59 during trading on Friday, reaching $198.23. 1,888,151 shares of the stock were exchanged, compared to its average volume of 2,922,609. The business’s 50 day moving average price is $210.00 and its two-hundred day moving average price is $202.56. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.21 and a quick ratio of 0.91. The company has a market capitalization of $129.08 billion, a price-to-earnings ratio of 22.97, a P/E/G ratio of 2.32 and a beta of 1.04. Honeywell International has a 1 year low of $174.88 and a 1 year high of $220.79.

Honeywell International (NASDAQ:HON) last released its quarterly earnings results on Thursday, July 25th. The conglomerate reported $2.49 earnings per share for the quarter, topping analysts’ consensus estimates of $2.42 by $0.07. Honeywell International had a return on equity of 36.87% and a net margin of 15.49%. The company had revenue of $9.58 billion during the quarter, compared to analysts’ expectations of $9.41 billion. During the same period in the previous year, the firm posted $2.23 earnings per share. The business’s revenue for the quarter was up 4.7% compared to the same quarter last year. As a group, equities research analysts anticipate that Honeywell International will post 10.14 earnings per share for the current year.

Honeywell International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 6th. Shareholders of record on Friday, August 16th will be paid a dividend of $1.08 per share. The ex-dividend date is Friday, August 16th. This represents a $4.32 annualized dividend and a yield of 2.18%. Honeywell International’s dividend payout ratio is presently 50.06%.

Insiders Place Their Bets

In other Honeywell International news, Director Darius Adamczyk sold 28,500 shares of the company’s stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $203.96, for a total transaction of $5,812,860.00. Following the completion of the sale, the director now directly owns 203,510 shares in the company, valued at $41,507,899.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.41% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Honeywell International

Institutional investors and hedge funds have recently modified their holdings of the stock. Torray Investment Partners LLC boosted its holdings in Honeywell International by 0.3% in the fourth quarter. Torray Investment Partners LLC now owns 58,708 shares of the conglomerate’s stock valued at $12,312,000 after purchasing an additional 190 shares during the last quarter. Boyd Watterson Asset Management LLC OH boosted its holdings in Honeywell International by 0.3% in the fourth quarter. Boyd Watterson Asset Management LLC OH now owns 26,817 shares of the conglomerate’s stock valued at $5,624,000 after purchasing an additional 89 shares during the last quarter. Adell Harriman & Carpenter Inc. boosted its holdings in Honeywell International by 2.1% in the fourth quarter. Adell Harriman & Carpenter Inc. now owns 57,231 shares of the conglomerate’s stock valued at $12,002,000 after purchasing an additional 1,189 shares during the last quarter. Connectus Wealth LLC boosted its holdings in Honeywell International by 2.2% in the fourth quarter. Connectus Wealth LLC now owns 224,661 shares of the conglomerate’s stock valued at $47,128,000 after purchasing an additional 4,789 shares during the last quarter. Finally, HTLF Bank purchased a new position in Honeywell International in the fourth quarter valued at about $1,166,000. Hedge funds and other institutional investors own 75.91% of the company’s stock.

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.