Honeywell International (HON) Upgraded at UBS Group

UBS Group upgraded shares of Honeywell International (NYSE:HON) from a hold rating to a buy rating in a research report released on Tuesday, The Fly reports.

HON has been the subject of a number of other reports. Gordon Haskett began coverage on shares of Honeywell International in a report on Friday, October 12th. They issued a buy rating for the company. Wolfe Research began coverage on shares of Honeywell International in a research note on Wednesday, June 27th. They set an outperform rating and a $170.00 target price for the company. Zacks Investment Research lowered shares of Honeywell International from a buy rating to a hold rating in a research note on Monday, July 30th. Deutsche Bank set a $166.00 target price on shares of Honeywell International and gave the company a buy rating in a research note on Thursday, July 12th. Finally, Credit Suisse Group began coverage on shares of Honeywell International in a research note on Friday, October 12th. They set a neutral rating and a $170.00 target price for the company. One research analyst has rated the stock with a sell rating, three have issued a hold rating and eighteen have issued a buy rating to the company. Honeywell International currently has an average rating of Buy and a consensus price target of $173.25.

NYSE HON traded down $1.28 during mid-day trading on Tuesday, reaching $146.20. The stock had a trading volume of 167,741 shares, compared to its average volume of 2,918,560. Honeywell International has a 1 year low of $139.51 and a 1 year high of $167.72. The firm has a market cap of $112.98 billion, a P/E ratio of 20.52, a PEG ratio of 1.81 and a beta of 1.00. The company has a quick ratio of 1.20, a current ratio of 1.49 and a debt-to-equity ratio of 0.76.



Honeywell International (NYSE:HON) last announced its quarterly earnings data on Friday, October 19th. The conglomerate reported $2.03 earnings per share for the quarter, topping analysts’ consensus estimates of $1.99 by $0.04. Honeywell International had a net margin of 6.13% and a return on equity of 33.69%. The company had revenue of $10.76 billion during the quarter, compared to analyst estimates of $10.75 billion. During the same period in the previous year, the business earned $1.75 EPS. The firm’s revenue for the quarter was up 6.3% on a year-over-year basis. As a group, equities analysts expect that Honeywell International will post 7.99 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 7th. Stockholders of record on Friday, November 16th will be paid a $0.82 dividend. This represents a $3.28 annualized dividend and a dividend yield of 2.24%. This is a positive change from Honeywell International’s previous quarterly dividend of $0.75. The ex-dividend date is Thursday, November 15th. Honeywell International’s dividend payout ratio is 41.91%.

In other news, Director Linnet F. Deily sold 3,066 shares of the company’s stock in a transaction on Monday, July 30th. The stock was sold at an average price of $158.12, for a total value of $484,795.92. Following the completion of the sale, the director now directly owns 11,787 shares in the company, valued at approximately $1,863,760.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.33% of the company’s stock.

Several large investors have recently bought and sold shares of HON. Principal Financial Group Inc. increased its stake in shares of Honeywell International by 10.6% in the 1st quarter. Principal Financial Group Inc. now owns 2,012,595 shares of the conglomerate’s stock worth $290,840,000 after purchasing an additional 192,133 shares in the last quarter. Rainier Group Investment Advisory LLC bought a new position in Honeywell International in the 1st quarter worth $159,000. Summit Trail Advisors LLC boosted its holdings in Honeywell International by 19.8% in the 1st quarter. Summit Trail Advisors LLC now owns 35,725 shares of the conglomerate’s stock worth $4,023,000 after buying an additional 5,906 shares during the period. Mount Yale Investment Advisors LLC bought a new position in Honeywell International in the 1st quarter worth $788,000. Finally, Avalon Advisors LLC boosted its holdings in Honeywell International by 1.6% in the 1st quarter. Avalon Advisors LLC now owns 114,564 shares of the conglomerate’s stock worth $16,555,000 after buying an additional 1,796 shares during the period. Hedge funds and other institutional investors own 74.81% of the company’s stock.

About Honeywell International

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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