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Honeywell International (NASDAQ:HON) Reaches New 12-Month High at $216.94

Honeywell International logo with Multi-Sector Conglomerates background

Honeywell International Inc. (NASDAQ:HON - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $216.94 and last traded at $216.05, with a volume of 104642 shares. The stock had previously closed at $215.09.

Analyst Ratings Changes

Several brokerages recently issued reports on HON. StockNews.com raised Honeywell International from a "hold" rating to a "buy" rating in a research note on Wednesday, May 15th. Barclays upped their price objective on Honeywell International from $230.00 to $232.00 and gave the stock an "overweight" rating in a research note on Tuesday, April 2nd. Berenberg Bank upgraded Honeywell International from a "hold" rating to a "buy" rating and lifted their target price for the company from $195.00 to $240.00 in a research note on Wednesday, March 6th. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and set a $215.00 price target (down from $227.00) on shares of Honeywell International in a research report on Tuesday, April 16th. Finally, UBS Group upgraded shares of Honeywell International from a "sell" rating to a "neutral" rating and boosted their price objective for the stock from $175.00 to $215.00 in a research note on Monday, June 10th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $224.75.

Read Our Latest Stock Report on Honeywell International


Honeywell International Stock Up 0.4 %

The company has a market capitalization of $140.59 billion, a price-to-earnings ratio of 25.02, a PEG ratio of 2.28 and a beta of 1.03. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.28 and a current ratio of 1.66. The business's 50 day moving average is $202.05 and its 200 day moving average is $201.03.

Honeywell International (NASDAQ:HON - Get Free Report) last posted its quarterly earnings data on Thursday, April 25th. The conglomerate reported $2.25 EPS for the quarter, topping the consensus estimate of $2.17 by $0.08. The business had revenue of $9.11 billion during the quarter, compared to the consensus estimate of $9.03 billion. Honeywell International had a net margin of 15.52% and a return on equity of 35.88%. The business's revenue for the quarter was up 2.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.07 earnings per share. Sell-side analysts anticipate that Honeywell International Inc. will post 10.23 earnings per share for the current year.

Honeywell International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 7th. Shareholders of record on Friday, May 17th were given a dividend of $1.08 per share. The ex-dividend date was Thursday, May 16th. This represents a $4.32 dividend on an annualized basis and a yield of 2.00%. Honeywell International's dividend payout ratio is currently 50.06%.

Insiders Place Their Bets

In other Honeywell International news, Director Darius Adamczyk sold 28,500 shares of Honeywell International stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $203.96, for a total transaction of $5,812,860.00. Following the completion of the sale, the director now owns 203,510 shares of the company's stock, valued at approximately $41,507,899.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CFO Gregory P. Lewis sold 25,209 shares of the business's stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $193.06, for a total value of $4,866,849.54. Following the completion of the transaction, the chief financial officer now owns 55,471 shares of the company's stock, valued at approximately $10,709,231.26. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Darius Adamczyk sold 28,500 shares of the business's stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $203.96, for a total value of $5,812,860.00. Following the completion of the transaction, the director now directly owns 203,510 shares of the company's stock, valued at approximately $41,507,899.60. The disclosure for this sale can be found here. 0.41% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Honeywell International

Several institutional investors and hedge funds have recently modified their holdings of HON. LGT Group Foundation purchased a new position in shares of Honeywell International in the 1st quarter valued at about $26,000. Altshuler Shaham Ltd purchased a new position in shares of Honeywell International in the 4th quarter valued at about $27,000. Scarborough Advisors LLC purchased a new position in shares of Honeywell International in the 4th quarter valued at about $27,000. Cordant Inc. purchased a new position in shares of Honeywell International in the 4th quarter valued at about $31,000. Finally, Rakuten Securities Inc. purchased a new position in shares of Honeywell International in the 4th quarter valued at about $31,000. Institutional investors and hedge funds own 75.91% of the company's stock.

Honeywell International Company Profile

(Get Free Report)

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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