Honeywell International Inc. (NASDAQ:HON) Receives Consensus Rating of "Moderate Buy" from Brokerages

Shares of Honeywell International Inc. (NASDAQ:HON - Get Free Report) have been given a consensus rating of "Moderate Buy" by the sixteen ratings firms that are covering the stock, MarketBeat reports. Eight analysts have rated the stock with a hold recommendation, seven have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among brokerages that have covered the stock in the last year is $245.23.

Several equities research analysts recently weighed in on HON shares. Bank of America raised shares of Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 price target for the company in a research report on Wednesday, May 7th. Barclays reduced their price target on shares of Honeywell International from $247.00 to $243.00 and set an "overweight" rating for the company in a research report on Wednesday, April 30th. StockNews.com raised shares of Honeywell International from a "hold" rating to a "buy" rating in a research report on Thursday, May 15th. JPMorgan Chase & Co. increased their price objective on Honeywell International from $182.00 to $217.00 and gave the company a "neutral" rating in a research report on Friday. Finally, Royal Bank of Canada increased their price objective on Honeywell International from $211.00 to $226.00 and gave the company a "sector perform" rating in a research report on Wednesday, April 30th.

Hedge Funds Weigh In On Honeywell International

Several institutional investors and hedge funds have recently bought and sold shares of HON. Vanguard Group Inc. raised its stake in Honeywell International by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 62,209,455 shares of the conglomerate's stock worth $13,172,852,000 after acquiring an additional 447,744 shares during the period. Wellington Management Group LLP raised its stake in Honeywell International by 8.9% during the 1st quarter. Wellington Management Group LLP now owns 15,751,951 shares of the conglomerate's stock worth $3,335,476,000 after acquiring an additional 1,293,137 shares during the period. Geode Capital Management LLC raised its stake in Honeywell International by 4.4% during the 4th quarter. Geode Capital Management LLC now owns 14,988,152 shares of the conglomerate's stock worth $3,379,568,000 after acquiring an additional 627,422 shares during the period. Capital World Investors purchased a new stake in Honeywell International in the 4th quarter worth $1,594,216,000. Finally, Bank of New York Mellon Corp increased its stake in Honeywell International by 10.3% in the 4th quarter. Bank of New York Mellon Corp now owns 6,763,764 shares of the conglomerate's stock worth $1,527,867,000 after buying an additional 631,761 shares in the last quarter. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

Honeywell International Stock Up 0.1%

Shares of NASDAQ:HON traded up $0.12 during midday trading on Monday, reaching $225.06. The company's stock had a trading volume of 3,333,518 shares, compared to its average volume of 3,774,553. The company has a quick ratio of 1.01, a current ratio of 1.31 and a debt-to-equity ratio of 1.33. The firm has a 50 day moving average of $206.48 and a 200-day moving average of $215.94. Honeywell International has a 12-month low of $179.36 and a 12-month high of $242.77. The firm has a market capitalization of $144.64 billion, a P/E ratio of 25.84, a PEG ratio of 2.51 and a beta of 1.07.

Honeywell International (NASDAQ:HON - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The conglomerate reported $2.51 EPS for the quarter, topping analysts' consensus estimates of $2.21 by $0.30. Honeywell International had a return on equity of 35.78% and a net margin of 14.82%. The firm had revenue of $9.82 billion for the quarter, compared to analysts' expectations of $9.59 billion. During the same period in the previous year, the firm posted $2.25 EPS. The business's revenue for the quarter was up 7.9% compared to the same quarter last year. On average, research analysts anticipate that Honeywell International will post 10.34 earnings per share for the current year.

Honeywell International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Friday, May 16th will be given a dividend of $1.13 per share. The ex-dividend date of this dividend is Friday, May 16th. This represents a $4.52 annualized dividend and a yield of 2.01%. Honeywell International's dividend payout ratio (DPR) is presently 51.95%.

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.