Honeywell International's (HON) "Hold" Rating Reaffirmed at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft restated their hold rating on shares of Honeywell International (NASDAQ:HON - Free Report) in a research report sent to investors on Tuesday morning, Marketbeat reports. The brokerage currently has a $215.00 target price on the conglomerate's stock, down from their previous target price of $227.00.

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 stock an equal weight rating in a report on Tuesday, December 19th. Berenberg Bank raised shares of Honeywell International from a hold rating to a buy rating and raised their price target for the company from $195.00 to $240.00 in a report on Wednesday, March 6th. Royal Bank of Canada cut their price objective on shares of Honeywell International from $210.00 to $209.00 and set a sector perform rating on the stock in a report on Friday, February 2nd. Finally, Barclays upped their price objective on shares of Honeywell International from $230.00 to $232.00 and gave the company an overweight rating in a research report on Tuesday, April 2nd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of Hold and a consensus target price of $219.67.

Honeywell International Trading Down 1.7 %

Shares of Honeywell International stock traded down $3.32 during trading hours on Tuesday, hitting $190.72. The company's stock had a trading volume of 2,801,349 shares, compared to its average volume of 3,026,815. The business has a fifty day moving average of $198.48 and a 200 day moving average of $195.86. Honeywell International has a 1-year low of $174.88 and a 1-year high of $210.87. The company has a quick ratio of 0.93, a current ratio of 1.27 and a debt-to-equity ratio of 1.01. The company has a market capitalization of $124.19 billion, a PE ratio of 22.52, a P/E/G ratio of 2.24 and a beta of 1.02.

Honeywell International (NASDAQ:HON - Get Free Report) last announced its quarterly earnings results on Thursday, February 1st. The conglomerate reported $2.60 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm's quarterly revenue was up 2.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.52 EPS. As a group, equities analysts forecast that Honeywell International will post 9.94 EPS for the current year.

Honeywell International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were given a $1.08 dividend. This represents a $4.32 annualized dividend and a dividend yield of 2.27%. The ex-dividend date was Thursday, February 29th. Honeywell International's payout ratio is currently 51.00%.

Insider Activity

In other news, Director Darius Adamczyk sold 25,500 shares of Honeywell International stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $197.19, for a total value of $5,028,345.00. Following the completion of the transaction, the director now owns 183,400 shares in the company, valued at approximately $36,164,646. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.41% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Ironwood Wealth Management LLC. grew its position in shares of Honeywell International by 2.9% during the first quarter. Ironwood Wealth Management LLC. now owns 3,598 shares of the conglomerate's stock worth $700,000 after acquiring an additional 100 shares during the last quarter. Fairfield Bush & CO. boosted 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 valued at $1,864,000 after purchasing an additional 492 shares during the period. United Bank grew its position in Honeywell International by 25.0% in the 1st quarter. United Bank now owns 8,404 shares of the conglomerate's stock worth $1,635,000 after purchasing an additional 1,683 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Honeywell International by 31.7% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 780,906 shares of the conglomerate's stock valued at $151,949,000 after purchasing an additional 187,936 shares during the period. Finally, AMI Investment Management Inc. raised its holdings in shares of Honeywell International by 16.8% during the first quarter. AMI Investment Management Inc. now owns 1,149 shares of the conglomerate's stock valued at $224,000 after buying an additional 165 shares during the last quarter. 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.