Honeywell International (NASDAQ:HON) Price Target Lowered to $247.00 at Barclays

Honeywell International (NASDAQ:HON) had its price objective decreased by Barclays from $251.00 to $247.00 in a report issued on Wednesday,Benzinga reports. Barclays currently has an overweight rating on the conglomerate’s stock.

Several other brokerages also recently issued reports on HON. JPMorgan Chase & Co. lowered their price target on Honeywell International from $233.00 to $231.00 and set a “neutral” rating for the company in a report on Wednesday, January 15th. Deutsche Bank Aktiengesellschaft upgraded shares of Honeywell International from a “hold” rating to a “buy” rating and raised their target price for the stock from $236.00 to $260.00 in a report on Friday, February 7th. HSBC upgraded shares of Honeywell International from a “hold” rating to a “buy” rating and set a $290.00 price target for the company in a report on Wednesday, December 11th. Wells Fargo & Company dropped their price objective on shares of Honeywell International from $240.00 to $220.00 and set an “equal weight” rating on the stock in a report on Friday, February 7th. Finally, Royal Bank of Canada lowered their target price on Honeywell International from $253.00 to $236.00 and set a “sector perform” rating for the company in a report on Friday, February 7th. Ten research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Honeywell International presently has an average rating of “Hold” and a consensus target price of $249.08.

Honeywell International Price Performance

Shares of HON opened at $213.12 on Wednesday. The stock has a market cap of $138.51 billion, a P/E ratio of 24.47, a price-to-earnings-growth ratio of 2.51 and a beta of 1.08. Honeywell International has a 1 year low of $189.75 and a 1 year high of $242.77. The stock’s 50-day moving average price is $213.62 and its two-hundred day moving average price is $216.83. The company has a current ratio of 1.31, a quick ratio of 1.01 and a debt-to-equity ratio of 1.33.

Honeywell International (NASDAQ:HON) last posted its earnings results on Thursday, February 6th. The conglomerate reported $2.47 earnings per share for the quarter, topping the consensus estimate of $2.37 by $0.10. Honeywell International had a net margin of 14.82% and a return on equity of 35.78%. On average, equities analysts predict that Honeywell International will post 10.34 earnings per share for the current year.

Honeywell International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were given a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a yield of 2.12%. The ex-dividend date was Friday, February 28th. Honeywell International’s dividend payout ratio (DPR) is currently 51.89%.

Insider Activity

In other news, VP Anne T. Madden sold 28,885 shares of Honeywell International stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $207.89, for a total transaction of $6,004,902.65. Following the completion of the transaction, the vice president now directly owns 41,580 shares in the company, valued at approximately $8,644,066.20. The trade was a 40.99 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.41% of the company’s stock.

Institutional Investors Weigh In On Honeywell International

Several hedge funds have recently added to or reduced their stakes in HON. Teachers Insurance & Annuity Association of America acquired a new stake in shares of Honeywell International during the 3rd quarter worth about $25,000. Mainstream Capital Management LLC acquired a new stake in Honeywell International during the fourth quarter worth approximately $25,000. Avalon Trust Co boosted its holdings in shares of Honeywell International by 166.7% during the fourth quarter. Avalon Trust Co now owns 120 shares of the conglomerate’s stock worth $27,000 after acquiring an additional 75 shares during the period. Mpwm Advisory Solutions LLC acquired a new position in shares of Honeywell International in the fourth quarter valued at approximately $29,000. Finally, Hoese & Co LLP bought a new position in shares of Honeywell International during the fourth quarter worth approximately $30,000. 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.