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

Key Points

• Honeywell International Inc. has received a "Moderate Buy" consensus recommendation from 17 research firms, with an average 12-month target price of $254.00.
• In its latest earnings report, Honeywell announced an EPS of $2.75, exceeding estimates of $2.66, and reported quarterly revenue of $10.35 billion, up 8.1% year-over-year.
• Honeywell recently declared a quarterly dividend of $1.13 per share, which represents a yield of 2.1% based on an annualized payout of $4.52.

Honeywell International Inc. (NASDAQ:HON - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the seventeen research firms that are covering the firm, MarketBeat.com reports. Eight investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $254.00.

HON has been the subject of several research reports. Wells Fargo & Company decreased their target price on Honeywell International from $240.00 to $230.00 and set an "equal weight" rating for the company in a research report on Friday, July 25th. Bank of America upgraded Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 price target on the stock in a research note on Wednesday, May 7th. JPMorgan Chase & Co. upped their price target on Honeywell International from $182.00 to $217.00 and gave the stock a "neutral" rating in a research note on Friday, May 16th. Wall Street Zen upgraded Honeywell International from a "hold" rating to a "buy" rating in a research note on Thursday, May 15th. Finally, Citigroup upped their price target on Honeywell International from $242.00 to $265.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th.

Honeywell International Trading Down 2.1%

HON opened at $217.71 on Friday. The business has a 50 day simple moving average of $229.24 and a two-hundred day simple moving average of $217.08. The firm has a market capitalization of $138.22 billion, a price-to-earnings ratio of 24.77, a PEG ratio of 2.51 and a beta of 1.07. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.29 and a quick ratio of 0.97. Honeywell International has a one year low of $179.36 and a one year high of $242.77.

Honeywell International (NASDAQ:HON - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The conglomerate reported $2.75 EPS for the quarter, beating analysts' consensus estimates of $2.66 by $0.09. The business had revenue of $10.35 billion during the quarter, compared to analyst estimates of $10.01 billion. Honeywell International had a return on equity of 37.37% and a net margin of 14.30%. Honeywell International's quarterly revenue was up 8.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.49 EPS. Analysts predict that Honeywell International will post 10.34 EPS for the current year.

Honeywell International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 5th. Shareholders of record on Friday, August 15th will be issued a dividend of $1.13 per share. The ex-dividend date of this dividend is Friday, August 15th. This represents a $4.52 dividend on an annualized basis and a yield of 2.1%. Honeywell International's dividend payout ratio (DPR) is currently 51.42%.

Institutional Investors Weigh In On Honeywell International

Several large investors have recently made changes to their positions in HON. Chung Wu Investment Group LLC bought a new stake in shares of Honeywell International in the second quarter worth about $26,000. Mpwm Advisory Solutions LLC bought a new stake in shares of Honeywell International in the fourth quarter worth about $29,000. Pandora Wealth Inc. bought a new stake in shares of Honeywell International in the first quarter worth about $33,000. RMG Wealth Management LLC purchased a new position in Honeywell International in the second quarter worth about $33,000. Finally, Activest Wealth Management grew its position in Honeywell International by 425.9% in the second quarter. Activest Wealth Management now owns 142 shares of the conglomerate's stock worth $33,000 after acquiring an additional 115 shares in the last quarter. 75.91% of the stock is owned by institutional investors.

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.

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