Honeywell International (NASDAQ:HON) Earns Sector Perform Rating from Royal Bank Of Canada

Royal Bank Of Canada reiterated their sector perform rating on shares of Honeywell International (NASDAQ:HON - Free Report) in a research report report published on Wednesday,Benzinga reports. They currently have a $226.00 price target on the conglomerate's stock.

Several other research analysts also recently weighed in on HON. Citigroup boosted their target price on Honeywell International from $242.00 to $265.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. Mizuho raised their price target on Honeywell International from $235.00 to $250.00 and gave the stock an "outperform" rating in a report on Friday, May 16th. Wells Fargo & Company upped their price objective on shares of Honeywell International from $205.00 to $225.00 and gave the company an "equal weight" rating in a report on Wednesday, April 30th. Barclays increased their price objective on shares of Honeywell International from $243.00 to $258.00 and gave the company an "overweight" rating in a research report on Wednesday, June 18th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Honeywell International from $182.00 to $217.00 and gave the stock a "neutral" rating in a research report on Friday, May 16th. Eight analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Honeywell International presently has a consensus rating of "Moderate Buy" and an average price target of $249.21.

Honeywell International Stock Up 1.4%

Shares of NASDAQ:HON traded up $3.09 during trading on Wednesday, reaching $224.88. The stock had a trading volume of 805,749 shares, compared to its average volume of 3,800,973. The firm's 50-day simple moving average is $217.70 and its 200 day simple moving average is $215.79. The company has a current ratio of 1.25, a quick ratio of 0.95 and a debt-to-equity ratio of 1.43. Honeywell International has a one year low of $179.36 and a one year high of $242.77. The company has a market capitalization of $144.52 billion, a P/E ratio of 25.85, a PEG ratio of 2.62 and a beta of 1.08.

Honeywell International (NASDAQ:HON - Get Free Report) last announced its earnings results on Tuesday, April 29th. The conglomerate reported $2.51 earnings per share for the quarter, beating the consensus estimate of $2.21 by $0.30. The company had revenue of $9.82 billion during 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% compared to the same quarter last year. During the same period last year, the firm earned $2.25 earnings per share. As a group, research analysts expect that Honeywell International will post 10.34 EPS for the current fiscal year.

Honeywell International Dividend Announcement

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

Institutional Investors Weigh In On Honeywell International

Several hedge funds and other institutional investors have recently added to or reduced their stakes in HON. Mainstream Capital Management LLC purchased a new position in Honeywell International during the fourth quarter valued at approximately $25,000. Avalon Trust Co grew its stake in shares of Honeywell International by 166.7% during the 4th quarter. Avalon Trust Co now owns 120 shares of the conglomerate's stock worth $27,000 after purchasing an additional 75 shares during the period. Mpwm Advisory Solutions LLC purchased a new position in shares of Honeywell International during the 4th quarter valued at approximately $29,000. Pandora Wealth Inc. acquired a new position in shares of Honeywell International in the 1st quarter valued at $33,000. Finally, Accredited Wealth Management LLC purchased a new stake in Honeywell International during the fourth quarter worth $34,000. 75.91% of the stock is owned by institutional investors and hedge funds.

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.