Honeywell International (NASDAQ:HON) Shares Up 0.8%

Honeywell International Inc. (NASDAQ:HON - Get Free Report)'s share price shot up 0.8% during trading on Thursday . The stock traded as high as $199.64 and last traded at $199.64. 314,312 shares traded hands during trading, a decline of 89% from the average session volume of 2,971,004 shares. The stock had previously closed at $198.05.

Analyst Upgrades and Downgrades

Several analysts have issued reports on HON shares. StockNews.com lowered Honeywell International from a "buy" rating to a "hold" rating in a research note on Thursday, May 2nd. Berenberg Bank upgraded shares of Honeywell International from a "hold" rating to a "buy" rating and lifted their target price for the stock from $195.00 to $240.00 in a research note on Wednesday, March 6th. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and issued a $215.00 price objective (down from $227.00) on shares of Honeywell International in a report on Tuesday, April 16th. Barclays boosted their target price on shares of Honeywell International from $230.00 to $232.00 and gave the company an "overweight" rating in a report on Tuesday, April 2nd. Finally, Royal Bank of Canada cut their price target 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 investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $215.71.

Honeywell International Price Performance

The stock has a market capitalization of $130.65 billion, a PE ratio of 23.25, a P/E/G ratio of 2.26 and a beta of 1.02. The firm's 50 day simple moving average is $197.56 and its 200 day simple moving average is $196.95. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.66 and a quick ratio of 1.28.

Honeywell International (NASDAQ:HON - Get Free Report) last posted its quarterly earnings results on Thursday, April 25th. The conglomerate reported $2.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.17 by $0.08. Honeywell International had a net margin of 15.52% and a return on equity of 35.88%. The business had revenue of $9.11 billion during the quarter, compared to analyst estimates of $9.03 billion. During the same period in the prior year, the business posted $2.07 earnings per share. The company's revenue was up 2.7% on a year-over-year basis. As a group, equities analysts forecast that Honeywell International Inc. will post 9.94 EPS for the current fiscal year.

Honeywell International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 7th. Stockholders of record on Friday, May 17th will be paid a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a dividend yield of 2.15%. The ex-dividend date is Thursday, May 16th. Honeywell International's dividend payout ratio (DPR) is 50.06%.

Insider Activity at Honeywell International

In other news, Director Darius Adamczyk sold 25,500 shares of Honeywell International stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $197.19, for a total transaction of $5,028,345.00. Following the sale, the director now owns 183,400 shares of the company's stock, valued at approximately $36,164,646. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Honeywell International news, Director Darius Adamczyk sold 25,500 shares of the firm's stock in a transaction 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 completion of the transaction, the director now owns 183,400 shares of the company's stock, valued at $36,164,646. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, 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 transaction of $4,866,849.54. Following the sale, the chief financial officer now directly owns 55,471 shares in the company, valued at approximately $10,709,231.26. The disclosure for this sale can be found here. 0.41% of the stock is owned by company insiders.

Institutional Investors Weigh In On Honeywell International

Hedge funds have recently added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD grew its stake in shares of Honeywell International by 32.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 7,840,959 shares of the conglomerate's stock worth $1,644,328,000 after acquiring an additional 1,899,373 shares during the period. Ameriprise Financial Inc. grew its holdings in Honeywell International by 5.2% during the third quarter. Ameriprise Financial Inc. now owns 6,995,897 shares of the conglomerate's stock valued at $1,292,307,000 after purchasing an additional 347,808 shares during the period. Northern Trust Corp grew its stake in shares of Honeywell International by 0.3% during the 4th quarter. Northern Trust Corp now owns 6,451,134 shares of the conglomerate's stock valued at $1,352,867,000 after acquiring an additional 17,591 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of Honeywell International by 1.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,621,544 shares of the conglomerate's stock worth $759,474,000 after purchasing an additional 66,213 shares during the period. Finally, Barclays PLC boosted its holdings in Honeywell International by 57.3% in the 3rd quarter. Barclays PLC now owns 3,190,755 shares of the conglomerate's stock worth $589,462,000 after buying an additional 1,162,518 shares during the period. 75.91% of the stock is 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.

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