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

Shares of Honeywell International Inc. (NASDAQ:HON - Get Free Report) have received an average recommendation of "Moderate Buy" from the seventeen ratings firms that are presently covering the company, Marketbeat reports. Eight analysts have rated the stock with a hold recommendation, eight have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $250.29.

Several equities analysts recently weighed in on HON shares. Barclays lifted their target price on shares of Honeywell International from $243.00 to $258.00 and gave the company an "overweight" rating in a report on Wednesday, June 18th. Mizuho lifted their target price on shares of Honeywell International from $235.00 to $250.00 and gave the company an "outperform" rating in a report on Friday, May 16th. JPMorgan Chase & Co. lifted their target price on shares of Honeywell International from $182.00 to $217.00 and gave the company a "neutral" rating in a report on Friday, May 16th. Wells Fargo & Company lifted their target price on shares of Honeywell International from $225.00 to $240.00 and gave the company an "equal weight" rating in a report on Tuesday, July 1st. Finally, Wall Street Zen raised shares of Honeywell International from a "hold" rating to a "buy" rating in a research note on Thursday, May 15th.

Honeywell International Stock Performance

Shares of NASDAQ HON opened at $239.35 on Tuesday. The company has a market cap of $153.83 billion, a PE ratio of 27.51, a price-to-earnings-growth ratio of 2.75 and a beta of 1.07. Honeywell International has a 12 month low of $179.36 and a 12 month high of $242.77. The company has a debt-to-equity ratio of 1.43, a current ratio of 1.25 and a quick ratio of 0.95. The company has a 50-day simple moving average of $223.75 and a 200-day simple moving average of $215.99.

Honeywell International (NASDAQ:HON - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The conglomerate reported $2.51 earnings per share for the quarter, topping analysts' consensus estimates of $2.21 by $0.30. The company had revenue of $9.82 billion for the quarter, compared to the consensus estimate of $9.59 billion. Honeywell International had a net margin of 14.51% and a return on equity of 36.19%. Honeywell International's revenue was up 7.9% on a year-over-year basis. During the same quarter last year, the firm posted $2.25 earnings per share. On average, equities analysts anticipate that Honeywell International will post 10.34 earnings per share for the current year.

Honeywell International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Friday, May 16th were issued a $1.13 dividend. The ex-dividend date was Friday, May 16th. This represents a $4.52 dividend on an annualized basis and a dividend yield of 1.89%. Honeywell International's payout ratio is currently 51.95%.

Institutional Trading of Honeywell International

A number of hedge funds have recently modified their holdings of HON. Avalon Trust Co increased its stake in Honeywell International by 166.7% in the 4th quarter. Avalon Trust Co now owns 120 shares of the conglomerate's stock valued at $27,000 after buying an additional 75 shares during the period. Mpwm Advisory Solutions LLC acquired a new position in Honeywell International in the 4th quarter valued at approximately $29,000. Accredited Wealth Management LLC bought a new stake in Honeywell International in the fourth quarter worth approximately $34,000. Pandora Wealth Inc. bought a new stake in Honeywell International in the first quarter worth approximately $33,000. Finally, Curio Wealth LLC bought a new stake in Honeywell International in the fourth quarter worth approximately $35,000. Hedge funds and other 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.

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