Honeywell International (NASDAQ:HON) Price Target Raised to $265.00

Honeywell International (NASDAQ:HON) had its price target raised by Citigroup from $242.00 to $265.00 in a report issued on Wednesday morning,Benzinga reports. The brokerage currently has a buy rating on the conglomerate’s stock.

Several other brokerages also recently weighed in on HON. Mizuho boosted their price target on Honeywell International from $235.00 to $250.00 and gave the company an “outperform” rating in a report on Friday, May 16th. Royal Bank of Canada increased their target price on Honeywell International from $211.00 to $226.00 and gave the stock a “sector perform” rating in a research report on Wednesday, April 30th. Wall Street Zen upgraded Honeywell International from a “hold” rating to a “buy” rating in a report on Thursday, May 15th. Wells Fargo & Company upped their price objective on shares of Honeywell International from $205.00 to $225.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 30th. Finally, Barclays decreased their target price on shares of Honeywell International from $247.00 to $243.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 30th. Eight research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Honeywell International currently has a consensus rating of “Moderate Buy” and a consensus target price of $248.14.

Honeywell International Trading Up 0.9%

Shares of Honeywell International stock opened at $228.78 on Wednesday. Honeywell International has a 1 year low of $179.36 and a 1 year high of $242.77. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.31 and a quick ratio of 1.01. The business has a 50 day moving average price of $210.44 and a 200 day moving average price of $216.22. The company has a market capitalization of $147.03 billion, a P/E ratio of 26.27, a P/E/G ratio of 2.51 and a beta of 1.08.

Honeywell International (NASDAQ:HON) last released its quarterly earnings results on Tuesday, April 29th. The conglomerate reported $2.51 earnings per share for the quarter, topping the consensus estimate of $2.21 by $0.30. The company had revenue of $9.82 billion during the quarter, compared to the consensus estimate of $9.59 billion. Honeywell International had a return on equity of 35.78% and a net margin of 14.82%. Honeywell International’s revenue was up 7.9% compared to the same quarter last year. During the same quarter last year, the business posted $2.25 earnings per share. Sell-side analysts anticipate that Honeywell International will post 10.34 EPS for the current fiscal year.

Honeywell International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 16th were given a $1.13 dividend. This represents a $4.52 annualized dividend and a yield of 1.98%. The ex-dividend date was Friday, May 16th. Honeywell International’s dividend payout ratio (DPR) is presently 51.95%.

Hedge Funds Weigh In On Honeywell International

A number of institutional investors and hedge funds have recently bought and sold shares of HON. Vanguard Group Inc. grew its holdings in Honeywell International by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 62,209,455 shares of the conglomerate’s stock valued at $13,172,852,000 after purchasing an additional 447,744 shares in the last quarter. Wellington Management Group LLP boosted its position in Honeywell International by 8.9% in the 1st quarter. Wellington Management Group LLP now owns 15,751,951 shares of the conglomerate’s stock valued at $3,335,476,000 after buying an additional 1,293,137 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Honeywell International by 4.4% during the fourth quarter. Geode Capital Management LLC now owns 14,988,152 shares of the conglomerate’s stock worth $3,379,568,000 after acquiring an additional 627,422 shares during the last quarter. Capital World Investors acquired a new position in shares of Honeywell International in the fourth quarter worth about $1,594,216,000. Finally, Bank of New York Mellon Corp boosted its holdings in Honeywell International by 10.3% in the fourth quarter. Bank of New York Mellon Corp now owns 6,763,764 shares of the conglomerate’s stock valued at $1,527,867,000 after purchasing an additional 631,761 shares during the last quarter. Hedge funds and other institutional investors 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.