Honeywell International Inc. (NASDAQ:HON) Given Consensus Recommendation of "Moderate Buy" by Analysts

Key Points

• Honeywell International Inc. has received an average analyst rating of "Moderate Buy", reflecting nine buy ratings, eight hold ratings, and one strong buy rating from 18 research firms.
• The company recently declared a quarterly dividend of $1.19 per share, marking an increase from the previous dividend of $1.13, with a current dividend yield of 2.4%.
• Following a series of analyst target price adjustments, the average price objective for Honeywell now stands at $251.67, indicating the market's outlook on the stock's growth potential.

Shares of Honeywell International Inc. (NASDAQ:HON - Get Free Report) have been given an average rating of "Moderate Buy" by the eighteen research firms that are presently covering the company, Marketbeat Ratings reports. Eight investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $251.6667.

Several equities research analysts have recently issued reports on the company. TD Cowen decreased their target price on Honeywell International from $260.00 to $250.00 in a research report on Tuesday, October 7th. Morgan Stanley raised their target price on Honeywell International from $225.00 to $245.00 and gave the company an "equal weight" rating in a research report on Monday, July 28th. Deutsche Bank Aktiengesellschaft raised their target price on Honeywell International from $268.00 to $271.00 and gave the company a "buy" rating in a research report on Thursday, October 2nd. JPMorgan Chase & Co. decreased their target price on Honeywell International from $222.00 to $212.00 and set a "neutral" rating for the company in a research report on Wednesday. Finally, Barclays raised their target price on Honeywell International from $258.00 to $265.00 and gave the company an "overweight" rating in a research report on Wednesday, July 9th.

Honeywell International Trading Down 2.9%

NASDAQ HON opened at $202.50 on Thursday. The firm has a market capitalization of $128.57 billion, a P/E ratio of 23.04, a PEG ratio of 2.34 and a beta of 1.06. The business has a fifty day simple moving average of $213.17 and a 200 day simple moving average of $217.04. Honeywell International has a 12 month low of $179.36 and a 12 month high of $242.77. The company has a current ratio of 1.29, a quick ratio of 0.97 and a debt-to-equity ratio of 1.81.

Honeywell International (NASDAQ:HON - Get Free Report) last released its quarterly earnings results on Monday, December 11th. The conglomerate reported $2.25 EPS for the quarter. Honeywell International had a return on equity of 37.37% and a net margin of 14.30%.The business had revenue of $8.95 billion during the quarter. Honeywell International has set its Q4 2023 guidance at 2.530-2.630 EPS. FY 2023 guidance at 9.100-9.200 EPS. On average, analysts predict that Honeywell International will post 10.34 EPS for the current fiscal year.

Honeywell International Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 5th. Stockholders of record on Friday, November 14th will be paid a dividend of $1.19 per share. This represents a $4.76 annualized dividend and a dividend yield of 2.4%. The ex-dividend date is Friday, November 14th. This is a positive change from Honeywell International's previous quarterly dividend of $1.13. Honeywell International's dividend payout ratio is currently 51.42%.

Insider Buying and Selling at Honeywell International

In other news, CEO Lucian Boldea sold 42,149 shares of the stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $221.58, for a total transaction of $9,339,375.42. Following the completion of the transaction, the chief executive officer owned 10,334 shares in the company, valued at approximately $2,289,807.72. This represents a 80.31% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.20% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Chung Wu Investment Group LLC bought a new position in shares of Honeywell International during the 2nd quarter worth $26,000. RMG Wealth Management LLC purchased a new position in Honeywell International during the 2nd quarter valued at about $33,000. Howard Hughes Medical Institute purchased a new position in Honeywell International during the 2nd quarter valued at about $33,000. Activest Wealth Management grew its holdings in Honeywell International by 425.9% during the 2nd quarter. Activest Wealth Management now owns 142 shares of the conglomerate's stock valued at $33,000 after buying an additional 115 shares in the last quarter. Finally, Pandora Wealth Inc. purchased a new position in Honeywell International during the 1st quarter valued at about $33,000. Institutional investors own 75.91% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.