Honeywell International (NASDAQ:HON) Given New $265.00 Price Target at Citigroup

Honeywell International (NASDAQ:HON - Free Report) had its price objective boosted by Citigroup from $242.00 to $265.00 in a research report released on Wednesday morning,Benzinga reports. They currently have a buy rating on the conglomerate's stock.

Other analysts have also recently issued reports about the company. Royal Bank of Canada boosted their price target on Honeywell International from $211.00 to $226.00 and gave the stock a "sector perform" rating in a research report on Wednesday, April 30th. Deutsche Bank Aktiengesellschaft raised Honeywell International from a "hold" rating to a "buy" rating and upped their price objective for the company from $236.00 to $260.00 in a research report on Friday, February 7th. Wall Street Zen raised Honeywell International from a "hold" rating to a "buy" rating in a research report on Thursday, May 15th. Morgan Stanley upped their price objective on Honeywell International from $210.00 to $217.00 and gave the company an "equal weight" rating in a research report on Tuesday, February 11th. Finally, Wells Fargo & Company upped their price objective on Honeywell International from $205.00 to $225.00 and gave the company an "equal weight" rating in a research report on Wednesday, April 30th. Eight research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Honeywell International has a consensus rating of "Moderate Buy" and an average price target of $248.14.

Honeywell International Stock Down 0.3%

Shares of HON traded down $0.78 during mid-day trading on Wednesday, reaching $226.67. The company had a trading volume of 3,247,378 shares, compared to its average volume of 3,823,350. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.01 and a current ratio of 1.31. The firm has a 50-day moving average price of $209.84 and a 200 day moving average price of $216.23. Honeywell International has a 52 week low of $179.36 and a 52 week high of $242.77. The company has a market capitalization of $145.68 billion, a price-to-earnings ratio of 26.02, a price-to-earnings-growth 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, sell-side analysts forecast that Honeywell International will post 10.34 EPS for the current year.

Honeywell International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, May 16th will be issued 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 dividend yield of 1.99%. Honeywell International's payout ratio is 51.95%.

Hedge Funds Weigh In On Honeywell International

Several hedge funds and other institutional investors have recently modified their holdings of the company. Mainstream Capital Management LLC purchased a new stake in shares of Honeywell International in the 4th quarter worth $25,000. Avalon Trust Co increased its stake in shares of Honeywell International by 166.7% in the 4th quarter. Avalon Trust Co now owns 120 shares of the conglomerate's stock worth $27,000 after purchasing an additional 75 shares in the last quarter. Mpwm Advisory Solutions LLC purchased a new stake in shares of Honeywell International in the 4th quarter worth $29,000. Pandora Wealth Inc. purchased a new stake in shares of Honeywell International in the 1st quarter worth $33,000. Finally, Accredited Wealth Management LLC purchased a new stake in shares of Honeywell International in the 4th quarter worth $34,000. 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.