Barclays Boosts Honeywell International (NASDAQ:HON) Price Target to $232.00

Honeywell International (NASDAQ:HON - Free Report) had its price target upped by Barclays from $230.00 to $232.00 in a report published on Tuesday, Benzinga reports. The firm currently has an overweight rating on the conglomerate's stock.

Other equities analysts have also recently issued research reports about the company. Wells Fargo & Company upped their price target on Honeywell International from $190.00 to $213.00 and gave the company an equal weight rating in a report on Tuesday, December 19th. Berenberg Bank raised Honeywell International from a hold rating to a buy rating and increased their target price for the stock from $195.00 to $240.00 in a report on Wednesday, March 6th. Finally, Royal Bank of Canada dropped their target price on Honeywell International from $210.00 to $209.00 and set a sector perform rating for the company in a report on Friday, February 2nd. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. According to MarketBeat, Honeywell International has a consensus rating of Hold and an average target price of $221.11.

Honeywell International Stock Down 0.9 %

Shares of HON traded down $1.78 during trading hours on Tuesday, hitting $200.23. 2,615,131 shares of the company were exchanged, compared to its average volume of 3,063,391. The company has a market cap of $130.59 billion, a PE ratio of 23.68, a PEG ratio of 2.31 and a beta of 1.02. The firm's 50 day moving average is $199.23 and its 200-day moving average is $195.42. Honeywell International has a 52 week low of $174.88 and a 52 week high of $210.87. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.93 and a current ratio of 1.27.

Honeywell International (NASDAQ:HON - Get Free Report) last released its quarterly earnings results on Thursday, February 1st. The conglomerate reported $2.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.59 by $0.01. Honeywell International had a return on equity of 35.17% and a net margin of 15.43%. The company had revenue of $9.44 billion during the quarter, compared to the consensus estimate of $9.70 billion. During the same quarter in the prior year, the company posted $2.52 EPS. The firm's revenue was up 2.8% on a year-over-year basis. On average, equities research analysts forecast that Honeywell International will post 9.96 EPS for the current fiscal year.

Honeywell International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were given a dividend of $1.08 per share. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $4.32 dividend on an annualized basis and a yield of 2.16%. Honeywell International's dividend payout ratio (DPR) is presently 51.00%.

Insider Buying and Selling

In related news, Director Darius Adamczyk sold 25,500 shares of the stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $197.19, for a total transaction of $5,028,345.00. Following the sale, the director now directly owns 183,400 shares in the company, valued at approximately $36,164,646. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.43% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Ironwood Wealth Management LLC. boosted its position in shares of Honeywell International by 2.9% in the 1st quarter. Ironwood Wealth Management LLC. now owns 3,598 shares of the conglomerate's stock worth $700,000 after purchasing an additional 100 shares during the last quarter. Fairfield Bush & CO. raised its stake in Honeywell International by 5.4% during the 1st quarter. Fairfield Bush & CO. now owns 9,581 shares of the conglomerate's stock worth $1,864,000 after buying an additional 492 shares during the period. United Bank raised its stake in Honeywell International by 25.0% during the 1st quarter. United Bank now owns 8,404 shares of the conglomerate's stock worth $1,635,000 after buying an additional 1,683 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its stake in Honeywell International by 31.7% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 780,906 shares of the conglomerate's stock worth $151,949,000 after buying an additional 187,936 shares during the period. Finally, AMI Investment Management Inc. raised its stake in Honeywell International by 16.8% during the 1st quarter. AMI Investment Management Inc. now owns 1,149 shares of the conglomerate's stock worth $224,000 after buying an additional 165 shares during the period. 75.91% of the stock is currently owned by institutional investors.

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.