Honeywell International Inc. (HON) Receives $173.67 Average Target Price from Analysts

Honeywell International Inc. (NYSE:HON) has been given an average rating of “Buy” by the nineteen brokerages that are presently covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $173.67.

A number of research analysts recently issued reports on HON shares. Zacks Investment Research downgraded shares of Honeywell International from a “buy” rating to a “hold” rating in a research report on Tuesday, April 9th. Deutsche Bank boosted their target price on shares of Honeywell International to $160.00 and gave the company a “buy” rating in a research report on Monday, February 4th. Morgan Stanley boosted their target price on shares of Honeywell International from $165.00 to $183.00 and gave the company an “overweight” rating in a research report on Monday, April 22nd. ValuEngine upgraded shares of Honeywell International from a “hold” rating to a “buy” rating in a research report on Wednesday, May 1st. Finally, Credit Suisse Group boosted their target price on shares of Honeywell International from $170.00 to $185.00 and gave the company an “outperform” rating in a research report on Tuesday, April 23rd.

NYSE HON opened at $166.82 on Friday. The firm has a market cap of $124.00 billion, a P/E ratio of 20.83, a price-to-earnings-growth ratio of 2.30 and a beta of 1.12. Honeywell International has a 1 year low of $123.48 and a 1 year high of $174.34. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.24 and a quick ratio of 1.01.



Honeywell International (NYSE:HON) last posted its earnings results on Thursday, April 18th. The conglomerate reported $1.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.83 by $0.09. The company had revenue of $8.88 billion during the quarter, compared to the consensus estimate of $8.63 billion. Honeywell International had a net margin of 16.73% and a return on equity of 32.46%. The firm’s quarterly revenue was down 14.5% on a year-over-year basis. During the same period in the previous year, the firm posted $1.95 earnings per share. On average, equities analysts predict that Honeywell International will post 8.11 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 24th will be given a $0.82 dividend. The ex-dividend date is Thursday, May 23rd. This represents a $3.28 dividend on an annualized basis and a dividend yield of 1.97%. Honeywell International’s dividend payout ratio (DPR) is currently 40.95%.

In other Honeywell International news, insider Timothy O. Mahoney sold 73,352 shares of the company’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $154.30, for a total value of $11,318,213.60. Following the completion of the transaction, the insider now owns 305,505 shares in the company, valued at $47,139,421.50. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.73% of the company’s stock.

Several institutional investors have recently modified their holdings of the business. TrinityPoint Wealth LLC purchased a new stake in shares of Honeywell International during the fourth quarter worth about $238,000. InterOcean Capital LLC increased its stake in shares of Honeywell International by 4.6% during the fourth quarter. InterOcean Capital LLC now owns 2,760 shares of the conglomerate’s stock worth $365,000 after purchasing an additional 122 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its stake in shares of Honeywell International by 0.8% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 98,490 shares of the conglomerate’s stock worth $12,998,000 after purchasing an additional 750 shares in the last quarter. Greystone Managed Investments Inc. increased its stake in shares of Honeywell International by 11.2% during the fourth quarter. Greystone Managed Investments Inc. now owns 86,931 shares of the conglomerate’s stock worth $11,485,000 after purchasing an additional 8,781 shares in the last quarter. Finally, Gradient Investments LLC increased its stake in shares of Honeywell International by 1.0% during the fourth quarter. Gradient Investments LLC now owns 59,841 shares of the conglomerate’s stock worth $7,906,000 after purchasing an additional 604 shares in the last quarter. Institutional investors and hedge funds own 75.83% of the company’s stock.

Honeywell International Company Profile

Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. Its Aerospace segment supplies products, software, and services for aircrafts and vehicles. This 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 connected solutions and data services for the aftermarket, as well as provides wireless connectivity and management and technical services.

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Analyst Recommendations for Honeywell International (NYSE:HON)

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