Honeywell International (NASDAQ:HON) Stock Price Down 1.1%

Honeywell International Inc. (NASDAQ:HON)’s share price fell 1.1% during mid-day trading on Friday . The company traded as low as $190.11 and last traded at $190.88. 716,452 shares traded hands during trading, a decline of 76% from the average session volume of 2,989,544 shares. The stock had previously closed at $193.02.

Analysts Set New Price Targets

Several brokerages have recently issued reports on HON. StockNews.com lowered shares of Honeywell International from a “buy” rating to a “hold” rating in a research note on Friday. Barclays lifted their target price on shares of Honeywell International from $230.00 to $232.00 and gave the stock an “overweight” rating in a report on Tuesday, April 2nd. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $215.00 price target (down previously from $227.00) on shares of Honeywell International in a research note on Tuesday, April 16th. Royal Bank of Canada dropped their price objective 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. Finally, Berenberg Bank upgraded Honeywell International from a “hold” rating to a “buy” rating and raised their target price for the stock from $195.00 to $240.00 in a report on Wednesday, March 6th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, Honeywell International presently has a consensus rating of “Hold” and a consensus price target of $219.67.

Honeywell International Stock Up 0.2 %

The company has a market capitalization of $125.97 billion, a P/E ratio of 22.42, a P/E/G ratio of 2.21 and a beta of 1.02. The company has a quick ratio of 0.93, a current ratio of 1.66 and a debt-to-equity ratio of 1.30. The firm has a fifty day simple moving average of $198.18 and a 200-day simple moving average of $196.34.

Honeywell International (NASDAQ:HON) last posted its earnings results on Thursday, April 25th. The conglomerate reported $2.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.17 by $0.08. Honeywell International had a return on equity of 35.88% and a net margin of 15.52%. The business had revenue of $9.11 billion during the quarter, compared to analysts’ expectations of $9.03 billion. During the same period in the prior year, the business earned $2.07 EPS. Honeywell International’s revenue for the quarter was up 2.7% compared to the same quarter last year. On average, equities research analysts expect that Honeywell International Inc. will post 9.96 EPS for the current fiscal year.

Honeywell International Dividend Announcement

The business also recently disclosed 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 annualized dividend and a yield of 2.23%. Honeywell International’s dividend payout ratio is currently 50.06%.

Insiders Place Their Bets

In other news, Director Darius Adamczyk sold 25,500 shares of the business’s stock in a transaction dated 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 sale, the director now directly owns 183,400 shares in the company, valued at $36,164,646. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.41% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. NORTHSTAR ASSET MANAGEMENT Co LLC increased its stake in Honeywell International by 0.8% in the 1st quarter. NORTHSTAR ASSET MANAGEMENT Co LLC now owns 9,310 shares of the conglomerate’s stock valued at $1,911,000 after buying an additional 70 shares during the last quarter. Pinnacle Associates Ltd. increased its position in Honeywell International by 0.8% during the first quarter. Pinnacle Associates Ltd. now owns 122,533 shares of the conglomerate’s stock worth $25,150,000 after buying an additional 1,005 shares during the last quarter. Sterling Investment Counsel LLC boosted its stake in shares of Honeywell International by 3.7% during the 1st quarter. Sterling Investment Counsel LLC now owns 4,522 shares of the conglomerate’s stock worth $928,000 after acquiring an additional 163 shares during the period. UMB Bank n.a. boosted its position in Honeywell International by 0.4% during the first quarter. UMB Bank n.a. now owns 110,022 shares of the conglomerate’s stock worth $22,582,000 after purchasing an additional 412 shares during the period. Finally, Advisors Management Group Inc. ADV boosted its holdings in shares of Honeywell International by 2.0% during the 1st quarter. Advisors Management Group Inc. ADV now owns 22,399 shares of the conglomerate’s stock worth $4,597,000 after buying an additional 442 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.