Honeywell International (NASDAQ:HON) Stock Price Down 0.9%

Honeywell International Inc. (NASDAQ:HON - Get Free Report) was down 0.9% during trading on Wednesday . The stock traded as low as $193.26 and last traded at $194.49. Approximately 462,249 shares traded hands during mid-day trading, a decline of 84% from the average daily volume of 2,967,236 shares. The stock had previously closed at $196.16.

Wall Street Analyst Weigh In

Several equities research analysts have commented on HON shares. Royal Bank of Canada cut their target price on Honeywell International from $210.00 to $209.00 and set a "sector perform" rating on the stock in a research note on Friday, February 2nd. Barclays boosted their target price on Honeywell International from $230.00 to $232.00 and gave the company 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 boosted their price target for the stock from $195.00 to $240.00 in a research report on Wednesday, March 6th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and set a $215.00 price target (down previously from $227.00) on shares of Honeywell International in a research report on Tuesday, April 16th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $219.67.

Honeywell International Price Performance

The company has a 50 day moving average of $198.35 and a 200-day moving average of $196.25. The firm has a market capitalization of $126.84 billion, a P/E ratio of 23.00, a P/E/G ratio of 2.24 and a beta of 1.02. The company has a current ratio of 1.27, a quick ratio of 0.93 and a debt-to-equity ratio of 1.01.

Honeywell International (NASDAQ:HON - Get Free Report) last released its earnings results on Thursday, February 1st. The conglomerate reported $2.60 earnings per share for the quarter, beating analysts' consensus estimates of $2.59 by $0.01. The firm had revenue of $9.44 billion during the quarter, compared to the consensus estimate of $9.70 billion. Honeywell International had a return on equity of 35.17% and a net margin of 15.43%. The company's revenue was up 2.8% compared to the same quarter last year. During the same period in the prior year, the company posted $2.52 EPS. On average, sell-side analysts predict that Honeywell International Inc. will post 9.94 EPS for the current year.

Honeywell International Announces Dividend

The firm also recently disclosed 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 annualized dividend and a dividend yield of 2.22%. Honeywell International's dividend payout ratio is currently 51.00%.

Insider Buying and Selling

In related news, Director Darius Adamczyk sold 25,500 shares of the company'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 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 SEC, which is available through this link. 0.41% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Honeywell International

A number of institutional investors and hedge funds have recently bought and sold shares of HON. Private Trust Co. NA increased its stake in shares of Honeywell International by 7.8% in the first quarter. Private Trust Co. NA now owns 16,923 shares of the conglomerate's stock valued at $3,473,000 after buying an additional 1,218 shares during the period. Krilogy Financial LLC increased its stake in shares of Honeywell International by 12.3% in the first quarter. Krilogy Financial LLC now owns 12,237 shares of the conglomerate's stock valued at $2,512,000 after buying an additional 1,344 shares during the period. Verity & Verity LLC acquired a new stake in shares of Honeywell International in the first quarter valued at about $1,887,000. Newbridge Financial Services Group Inc. increased its stake in shares of Honeywell International by 48.5% in the first quarter. Newbridge Financial Services Group Inc. now owns 288 shares of the conglomerate's stock valued at $59,000 after buying an additional 94 shares during the period. Finally, Hartford Financial Management Inc. increased its stake in shares of Honeywell International by 0.6% in the first quarter. Hartford Financial Management Inc. now owns 28,292 shares of the conglomerate's stock valued at $5,807,000 after buying an additional 168 shares during the period. Institutional investors and hedge funds 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.