Analysts Set Honeywell International Inc. (NASDAQ:HON) Price Target at $220.25

Honeywell International Inc. (NASDAQ:HON - Get Free Report) has earned a consensus recommendation of "Hold" from the five analysts that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and two have given a buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $220.25.

Several equities analysts recently issued reports on HON shares. Barclays raised 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 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 research report on Wednesday, March 6th. Wells Fargo & Company increased their target price on Honeywell International from $190.00 to $213.00 and gave the stock an "equal weight" rating in a research report on Tuesday, December 19th. Finally, Royal Bank of Canada lowered their price target on Honeywell International from $210.00 to $209.00 and set a "sector perform" rating on the stock in a report on Friday, February 2nd.

Honeywell International Trading Down 0.4 %

Shares of NASDAQ HON traded down $0.71 on Friday, reaching $196.16. 3,499,520 shares of the company traded hands, compared to its average volume of 2,761,924. Honeywell International has a fifty-two week low of $174.88 and a fifty-two week high of $210.87. The company has a 50 day moving average of $198.52 and a 200 day moving average of $195.77. The company has a current ratio of 1.27, a quick ratio of 0.93 and a debt-to-equity ratio of 1.01. The stock has a market capitalization of $127.74 billion, a PE ratio of 23.16, a P/E/G ratio of 2.24 and a beta of 1.02.

Honeywell International (NASDAQ:HON - Get Free Report) last posted its quarterly earnings data on Thursday, February 1st. The conglomerate reported $2.60 EPS for the quarter, beating analysts' consensus estimates of $2.59 by $0.01. Honeywell International had a net margin of 15.43% and a return on equity of 35.17%. 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 company's quarterly revenue was up 2.8% compared to the same quarter last year. On average, equities research analysts forecast that Honeywell International will post 9.94 earnings per share for the current fiscal year.

Honeywell International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were given a $1.08 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $4.32 dividend on an annualized basis and a dividend yield of 2.20%. Honeywell International's dividend payout ratio (DPR) is 51.00%.

Insider Activity at Honeywell International

In other Honeywell International news, Director Darius Adamczyk sold 25,500 shares of the firm's stock in a transaction dated 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 completion of the sale, the director now directly owns 183,400 shares in the company, valued at approximately $36,164,646. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.45% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Honeywell International

A number of institutional investors and hedge funds have recently added to or reduced their stakes in HON. Moneta Group Investment Advisors LLC boosted its position in Honeywell International by 101,603.5% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 5,707,601 shares of the conglomerate's stock valued at $1,223,139,000 after purchasing an additional 5,701,989 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in Honeywell International by 32.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 7,840,959 shares of the conglomerate's stock valued at $1,644,328,000 after purchasing an additional 1,899,373 shares during the last quarter. Barclays PLC boosted its position in Honeywell International by 57.3% during the third quarter. Barclays PLC now owns 3,190,755 shares of the conglomerate's stock valued at $589,462,000 after purchasing an additional 1,162,518 shares during the last quarter. Legal & General Group Plc raised its stake in Honeywell International by 30.6% in the fourth quarter. Legal & General Group Plc now owns 4,898,044 shares of the conglomerate's stock valued at $1,027,171,000 after buying an additional 1,146,551 shares during the period. Finally, Nuveen Asset Management LLC raised its stake in Honeywell International by 14.8% in the fourth quarter. Nuveen Asset Management LLC now owns 7,693,802 shares of the conglomerate's stock valued at $1,613,467,000 after buying an additional 994,681 shares during the period. Institutional investors own 75.91% of the company's stock.

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.