Honeywell International (NASDAQ:HON) Cut 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 note issued to investors on Friday morning.

A number of other research analysts have also issued reports on HON. Daiwa America upgraded Honeywell International to a moderate buy rating in a research report on Wednesday, June 5th. UBS Group raised Honeywell International from a sell rating to a neutral rating and boosted their price objective for the stock from $175.00 to $215.00 in a research report on Monday, June 10th. Wells Fargo & Company decreased their target price on Honeywell International from $220.00 to $215.00 and set an equal weight rating for the company in a research report on Friday, July 26th. Royal Bank of Canada reduced their price target on shares of Honeywell International from $218.00 to $214.00 and set a sector perform rating for the company in a research report on Friday, July 26th. Finally, Citigroup raised their price target on shares of Honeywell International from $243.00 to $244.00 and gave the stock a buy rating in a research note on Tuesday, June 4th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of Hold and a consensus price target of $225.00.

Honeywell International Price Performance

Shares of NASDAQ:HON opened at $207.91 on Friday. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.21 and a quick ratio of 0.91. Honeywell International has a 1-year low of $174.88 and a 1-year high of $220.79. The firm’s 50 day simple moving average is $207.45 and its two-hundred day simple moving average is $202.93. The company has a market capitalization of $135.07 billion, a P/E ratio of 24.09, a P/E/G ratio of 2.37 and a beta of 1.04.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings data 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 net margin of 15.49% and a return on equity of 36.87%. The company had revenue of $9.58 billion for the quarter, compared to analyst estimates of $9.41 billion. During the same period in the prior year, the company posted $2.23 EPS. The firm’s revenue for the quarter was up 4.7% on a year-over-year basis. Research analysts expect that Honeywell International will post 10.12 EPS for the current fiscal year.

Honeywell International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 6th. Stockholders 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 dividend yield of 2.08%. Honeywell International’s dividend payout ratio (DPR) is 50.06%.

Institutional Trading of Honeywell International

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. LGT Group Foundation acquired a new position in shares of Honeywell International in the 1st quarter worth approximately $26,000. Scarborough Advisors LLC bought a new stake in shares of Honeywell International in the 4th quarter valued at about $27,000. Altshuler Shaham Ltd bought a new position in shares of Honeywell International during the fourth quarter worth $27,000. Richardson Capital Management LLC bought a new position in Honeywell International during the 1st quarter worth about $35,000. Finally, Financial Connections Group Inc. bought a new stake in shares of Honeywell International in the second quarter worth $38,000. Institutional investors and hedge funds 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.