Honeywell International Inc. (NYSE:HON)‘s stock had its “hold” rating restated by research analysts at Credit Suisse Group AG in a research report issued on Friday. They presently have a $113.35 target price on the stock. Credit Suisse Group AG’s target price would indicate a potential downside of 1.95% from the company’s current price.
Several other research analysts also recently commented on the company. Sanford C. Bernstein reiterated an “outperform” rating on shares of Honeywell International in a research note on Monday, June 27th. Morgan Stanley reiterated a “buy” rating and set a $127.00 target price on shares of Honeywell International in a research note on Tuesday, September 6th. Bank of America Corp. set a $132.00 target price on Honeywell International and gave the stock a “buy” rating in a research note on Monday, July 25th. Zacks Investment Research downgraded Honeywell International from a “buy” rating to a “hold” rating in a research note on Wednesday, July 27th. Finally, Citigroup Inc. reiterated a “buy” rating and set a $132.00 target price on shares of Honeywell International in a research note on Thursday, June 30th. Six analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $122.95.
Shares of Honeywell International (NYSE:HON) traded down 7.67% during mid-day trading on Friday, hitting $106.74. The stock had a trading volume of 8,807,070 shares. The firm has a market cap of $81.22 billion, a PE ratio of 16.89 and a beta of 1.05. Honeywell International has a 52 week low of $93.71 and a 52 week high of $120.02. The stock has a 50 day moving average price of $115.59 and a 200 day moving average price of $115.16.
Honeywell International (NYSE:HON) last issued its earnings results on Friday, July 22nd. The company reported $1.66 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.64 by $0.02. Honeywell International had a return on equity of 26.84% and a net margin of 12.60%. The company earned $9.78 billion during the quarter, compared to the consensus estimate of $10.13 billion. During the same period in the previous year, the company posted $1.51 EPS. The firm’s revenue for the quarter was up 2.2% compared to the same quarter last year. Equities research analysts expect that Honeywell International will post $6.68 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 9th. Shareholders of record on Friday, August 19th were issued a $0.595 dividend. The ex-dividend date of this dividend was Wednesday, August 17th. This represents a $2.38 dividend on an annualized basis and a yield of 2.06%. Honeywell International’s payout ratio is 37.66%.
In other news, VP Jennifer H. Mak sold 277 shares of Honeywell International stock in a transaction dated Friday, July 29th. The shares were sold at an average price of $115.54, for a total value of $32,004.58. Following the sale, the vice president now owns 420 shares in the company, valued at $48,526.80. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Vice Chairman Andreas Kramvis sold 1,850 shares of Honeywell International stock in a transaction dated Thursday, July 28th. The shares were sold at an average price of $114.80, for a total transaction of $212,380.00. Following the completion of the sale, the insider now owns 66,441 shares in the company, valued at approximately $7,627,426.80. The disclosure for this sale can be found here. 1.83% of the stock is currently owned by company insiders.
Hedge funds have recently made changes to their positions in the stock. Emerald Acquisition Ltd. acquired a new position in Honeywell International during the second quarter worth $351,643,000. Vanguard Group Inc. raised its position in Honeywell International by 3.7% in the second quarter. Vanguard Group Inc. now owns 44,675,101 shares of the company’s stock worth $5,196,607,000 after buying an additional 1,587,804 shares during the last quarter. UBS Asset Management Americas Inc. raised its position in Honeywell International by 92.4% in the second quarter. UBS Asset Management Americas Inc. now owns 3,223,146 shares of the company’s stock worth $374,917,000 after buying an additional 1,547,970 shares during the last quarter. Boston Partners raised its position in Honeywell International by 49.6% in the second quarter. Boston Partners now owns 3,319,023 shares of the company’s stock worth $386,068,000 after buying an additional 1,100,961 shares during the last quarter. Finally, Investec Asset Management LTD raised its position in Honeywell International by 79.9% in the first quarter. Investec Asset Management LTD now owns 2,069,606 shares of the company’s stock worth $231,899,000 after buying an additional 918,891 shares during the last quarter. Institutional investors and hedge funds own 76.50% of the company’s stock.
Honeywell International Company Profile
Honeywell International Inc (Honeywell) is a technology and manufacturing company. The Company operates in three segments: Aerospace, Automation and Control Solutions (ACS), and Performance Materials and Technologies (PMT). Its Aerospace segment supplies aircraft engines, integrated avionics, systems and service solutions, and related products and services for aircraft manufacturers, airlines, aircraft operators, military services, and defense and space contractors.
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