Citigroup Cuts Honeywell International (NASDAQ:HON) Price Target to $244.00

Honeywell International (NASDAQ:HON) had its target price trimmed by Citigroup from $248.00 to $244.00 in a research report report published on Friday morning, Benzinga reports. The firm currently has a buy rating on the conglomerate’s stock.

HON has been the subject of a number of other research reports. Barclays reduced their target price on Honeywell International from $232.00 to $229.00 and set an “overweight” rating for the company in a report on Friday. StockNews.com lowered Honeywell International from a “buy” rating to a “hold” rating in a research note on Friday, August 30th. Bank of America reaffirmed a “neutral” rating and set a $230.00 price objective (down previously from $250.00) on shares of Honeywell International in a research report on Thursday. Wells Fargo & Company lifted their target price on Honeywell International from $207.00 to $215.00 and gave the company an “equal weight” rating in a research report on Friday. Finally, Morgan Stanley began coverage on Honeywell International in a research report on Friday, September 6th. They set an “equal weight” rating and a $210.00 price objective on the stock. Ten research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $223.73.

Honeywell International Trading Down 0.5 %

Shares of NASDAQ:HON opened at $208.00 on Friday. The company has a market capitalization of $135.45 billion, a PE ratio of 24.10, a PEG ratio of 2.45 and a beta of 1.03. Honeywell International has a 12-month low of $174.88 and a 12-month high of $222.98. The business has a 50 day moving average of $207.39 and a two-hundred day moving average of $205.51. The company has a current ratio of 1.21, a quick ratio of 0.91 and a debt-to-equity ratio of 1.19.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings results on Thursday, October 24th. The conglomerate reported $2.58 earnings per share for the quarter, beating the consensus estimate of $2.50 by $0.08. Honeywell International had a return on equity of 36.87% and a net margin of 15.49%. The firm had revenue of $9.73 billion during the quarter, compared to analyst estimates of $9.90 billion. As a group, analysts forecast that Honeywell International will post 10.1 EPS for the current year.

Honeywell International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be issued a dividend of $1.13 per share. This is a positive change from Honeywell International’s previous quarterly dividend of $1.08. The ex-dividend date of this dividend is Friday, November 15th. This represents a $4.52 annualized dividend and a dividend yield of 2.17%. Honeywell International’s dividend payout ratio (DPR) is presently 52.38%.

Institutional Trading of Honeywell International

Institutional investors and hedge funds have recently made changes to their positions in the company. LGT Group Foundation purchased a new position in Honeywell International during the 1st quarter worth $26,000. Richardson Capital Management LLC acquired a new position in Honeywell International in the 1st quarter valued at about $35,000. Financial Connections Group Inc. purchased a new stake in Honeywell International during the 2nd quarter valued at approximately $38,000. Pathway Financial Advisers LLC acquired a new stake in Honeywell International during the 1st quarter worth approximately $39,000. Finally, New Covenant Trust Company N.A. purchased a new position in shares of Honeywell International in the 1st quarter valued at approximately $42,000. 75.91% of the stock is owned by hedge funds and other institutional investors.

About Honeywell International

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.