Honeywell International (NASDAQ:HON) Stock Rating Lowered by StockNews.com

StockNews.com cut shares of Honeywell International (NASDAQ:HON) from a buy rating to a hold rating in a report released on Thursday morning.

A number of other research analysts also recently commented on HON. Deutsche Bank Aktiengesellschaft reaffirmed a hold rating and issued a $215.00 target price (down from $227.00) on shares of Honeywell International in a research report on Tuesday, April 16th. Royal Bank of Canada cut their price target on shares of Honeywell International from $210.00 to $209.00 and set a sector perform rating for the company in a report on Friday, February 2nd. Berenberg Bank raised shares of Honeywell International from a hold rating to a buy rating and upped their price target for the stock from $195.00 to $240.00 in a research note on Wednesday, March 6th. Finally, Barclays upped their target price on Honeywell International from $230.00 to $232.00 and gave the company an overweight rating in a report on Tuesday, April 2nd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, Honeywell International currently has a consensus rating of Hold and a consensus target price of $215.71.

Honeywell International Stock Performance

NASDAQ:HON opened at $195.81 on Thursday. Honeywell International has a fifty-two week low of $174.88 and a fifty-two week high of $210.87. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.28 and a current ratio of 1.66. The company has a fifty day moving average of $197.66 and a two-hundred day moving average of $196.74. The stock has a market capitalization of $127.51 billion, a PE ratio of 22.69, a P/E/G ratio of 2.26 and a beta of 1.02.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings results on Thursday, April 25th. The conglomerate reported $2.25 earnings per share 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 analysts’ expectations of $9.03 billion. During the same quarter in the prior year, the company posted $2.07 EPS. The business’s revenue for the quarter was up 2.7% on a year-over-year basis. As a group, research analysts forecast that Honeywell International will post 9.94 earnings per share for the current fiscal year.

Honeywell International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 7th. Stockholders of record on Friday, May 17th will be issued a dividend of $1.08 per share. The ex-dividend date is Thursday, May 16th. This represents a $4.32 dividend on an annualized basis and a dividend yield of 2.21%. Honeywell International’s dividend payout ratio is currently 50.06%.

Insider Buying and Selling

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 shares were 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 in the company, valued at $36,164,646. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, Director Darius Adamczyk sold 25,500 shares of the business’s stock in a transaction that occurred on 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 completion of the sale, the director now directly owns 183,400 shares of the company’s stock, valued at $36,164,646. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Gregory P. Lewis sold 25,209 shares of the firm’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $193.06, for a total value 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 insiders.

Institutional Trading of Honeywell International

A number of institutional investors have recently modified their holdings of HON. Altshuler Shaham Ltd bought a new stake in shares of Honeywell International during the fourth quarter valued at approximately $27,000. Scarborough Advisors LLC purchased a new stake in Honeywell International during the 4th quarter valued at about $27,000. Cordant Inc. purchased a new position in Honeywell International during the 4th quarter valued at about $31,000. Rakuten Securities Inc. purchased a new stake in Honeywell International in the fourth quarter worth about $31,000. Finally, Richardson Capital Management LLC bought a new position in shares of Honeywell International in the 1st quarter worth about $35,000. 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.