Gordon Haskett began coverage on shares of Honeywell International (NYSE:HON) in a report released on Friday morning, Marketbeat.com reports. The brokerage issued a buy rating on the conglomerate’s stock.
Several other equities analysts have also recently issued reports on the company. Morgan Stanley initiated coverage on Honeywell International in a report on Monday, August 20th. They issued an overweight rating and a $175.00 price objective for the company. Barclays boosted their price objective on Honeywell International from $176.00 to $178.00 and gave the company an overweight rating in a report on Friday, August 24th. Zacks Investment Research raised Honeywell International from a hold rating to a buy rating and set a $176.00 price target for the company in a report on Tuesday, July 31st. HSBC cut Honeywell International from a buy rating to a hold rating and set a $162.00 price target for the company. in a report on Tuesday, October 2nd. Finally, Cowen reaffirmed a buy rating and issued a $168.00 price target on shares of Honeywell International in a report on Friday, August 24th. Three equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. The stock presently has an average rating of Buy and an average price target of $174.79.
Shares of HON stock traded up $2.58 on Friday, hitting $156.20. The company had a trading volume of 4,403,610 shares, compared to its average volume of 2,862,549. The stock has a market cap of $123.57 billion, a PE ratio of 21.97, a price-to-earnings-growth ratio of 1.93 and a beta of 0.99. The company has a quick ratio of 1.11, a current ratio of 1.38 and a debt-to-equity ratio of 0.70. Honeywell International has a twelve month low of $139.51 and a twelve month high of $167.72.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 7th. Investors of record on Friday, November 16th will be issued a $0.82 dividend. This is a boost from Honeywell International’s previous quarterly dividend of $0.75. The ex-dividend date is Thursday, November 15th. This represents a $3.28 dividend on an annualized basis and a yield of 2.10%. Honeywell International’s dividend payout ratio is presently 41.91%.
In other Honeywell International news, insider Vimal Kapur sold 9,996 shares of the stock in a transaction that occurred on Friday, July 27th. The stock was sold at an average price of $159.25, for a total transaction of $1,591,863.00. Following the completion of the transaction, the insider now owns 16,131 shares of the company’s stock, valued at $2,568,861.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Linnet F. Deily sold 3,066 shares of the stock in a transaction that occurred on Monday, July 30th. The shares were sold at an average price of $158.12, for a total value of $484,795.92. Following the transaction, the director now directly owns 11,787 shares of the company’s stock, valued at approximately $1,863,760.44. The disclosure for this sale can be found here. Corporate insiders own 1.33% of the company’s stock.
Several institutional investors have recently made changes to their positions in HON. Weatherly Asset Management L. P. raised its stake in Honeywell International by 3.9% in the second quarter. Weatherly Asset Management L. P. now owns 8,543 shares of the conglomerate’s stock valued at $1,231,000 after buying an additional 323 shares in the last quarter. Parthenon LLC grew its holdings in shares of Honeywell International by 16.0% during the second quarter. Parthenon LLC now owns 2,392 shares of the conglomerate’s stock worth $345,000 after purchasing an additional 330 shares during the last quarter. Bank of The Ozarks grew its holdings in shares of Honeywell International by 3.1% during the second quarter. Bank of The Ozarks now owns 11,127 shares of the conglomerate’s stock worth $1,603,000 after purchasing an additional 334 shares during the last quarter. Cardinal Capital Management Inc. grew its holdings in shares of Honeywell International by 0.3% during the third quarter. Cardinal Capital Management Inc. now owns 114,366 shares of the conglomerate’s stock worth $19,031,000 after purchasing an additional 335 shares during the last quarter. Finally, Thompson Davis & CO. Inc. grew its holdings in shares of Honeywell International by 40.6% during the second quarter. Thompson Davis & CO. Inc. now owns 1,195 shares of the conglomerate’s stock worth $172,000 after purchasing an additional 345 shares during the last quarter. 74.60% of the stock is owned by institutional investors and hedge funds.
Honeywell International Company Profile
Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. It operates through four segments: Aerospace; Home and Building Technologies; Performance Materials and Technologies; and Safety and Productivity Solutions. The Aerospace segment supplies products, software, and services for aircraft and vehicles that it sells to original equipment manufacturers and other customers in various markets, including air transport, regional, business and general aviation aircraft, airlines, aircraft operators, defense and space contractors, and automotive and truck manufacturers.
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