Honeywell International (NASDAQ:HON) Given "Sector Perform" Rating at Royal Bank Of Canada

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

Other equities research analysts have also issued reports about the stock. JPMorgan Chase & Co. increased their target price on shares of Honeywell International from $182.00 to $217.00 and gave the stock a "neutral" rating in a report 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. Mizuho boosted their target price on Honeywell International from $235.00 to $250.00 and gave the stock an "outperform" rating in a research note on Friday, May 16th. Citigroup upped their price target on Honeywell International from $242.00 to $265.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. Finally, Barclays lifted their price objective on Honeywell International from $243.00 to $258.00 and gave the company an "overweight" rating in a research note on Wednesday, June 18th. Eight analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $249.21.

Honeywell International Trading Up 1.1%

NASDAQ:HON traded up $2.47 on Wednesday, reaching $228.85. The company's stock had a trading volume of 4,994,254 shares, compared to its average volume of 3,826,873. Honeywell International has a 12-month low of $179.36 and a 12-month high of $242.77. The stock has a 50 day moving average price of $218.94 and a 200 day moving average price of $215.80. The firm has a market cap of $147.08 billion, a price-to-earnings ratio of 26.30, a price-to-earnings-growth ratio of 2.64 and a beta of 1.08. The company has a quick ratio of 0.95, a current ratio of 1.25 and a debt-to-equity ratio of 1.43.

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

Honeywell International Announces Dividend

The firm also recently disclosed 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 of this dividend was Friday, May 16th. This represents a $4.52 dividend on an annualized basis and a dividend yield of 1.98%. Honeywell International's payout ratio is currently 51.95%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. World Investment Advisors boosted its holdings in shares of Honeywell International by 137.7% in the fourth quarter. World Investment Advisors now owns 22,387 shares of the conglomerate's stock valued at $5,057,000 after acquiring an additional 12,969 shares during the period. Coordinated Financial Services Inc. purchased a new stake in Honeywell International in the 4th quarter valued at $361,000. Schroder Investment Management Group boosted its stake in Honeywell International by 12.7% during the 4th quarter. Schroder Investment Management Group now owns 89,297 shares of the conglomerate's stock worth $20,235,000 after purchasing an additional 10,092 shares during the period. Raymond James Financial Inc. purchased a new position in Honeywell International during the 4th quarter worth $435,786,000. Finally, Dynasty Wealth Management LLC increased its stake in Honeywell International by 52.1% in the fourth quarter. Dynasty Wealth Management LLC now owns 11,330 shares of the conglomerate's stock valued at $2,559,000 after purchasing an additional 3,879 shares during the period. 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.