Honeywell International (NASDAQ:HON) Price Target Lowered to $229.00 at Barclays

Honeywell International (NASDAQ:HON) had its target price reduced by Barclays from $232.00 to $229.00 in a research report released on Friday morning, Benzinga reports. Barclays currently has an overweight rating on the conglomerate’s stock.

Several other equities analysts also recently commented on the stock. Royal Bank of Canada reissued a “sector perform” rating and set a $214.00 target price on shares of Honeywell International in a research report on Thursday, September 26th. StockNews.com downgraded Honeywell International from a “buy” rating to a “hold” rating in a research note on Friday, August 30th. Robert W. Baird cut Honeywell International from an “outperform” rating to a “neutral” rating and decreased their target price for the stock from $223.00 to $217.00 in a research report on Friday. Wells Fargo & Company lifted their price target on shares of Honeywell International from $207.00 to $215.00 and gave the company an “equal weight” rating in a research report on Friday. Finally, Bank of America reaffirmed a “neutral” rating and set a $230.00 price objective (down from $250.00) on shares of Honeywell International in a report on Thursday. Ten equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $223.73.

Honeywell International Stock Down 0.5 %

HON stock traded down $1.10 during mid-day trading on Friday, hitting $208.00. The stock had a trading volume of 6,088,157 shares, compared to its average volume of 2,908,814. The stock has a market capitalization of $135.45 billion, a price-to-earnings ratio of 24.10, a PEG ratio of 2.45 and a beta of 1.03. The company has a current ratio of 1.21, a quick ratio of 0.91 and a debt-to-equity ratio of 1.19. Honeywell International has a 1-year low of $174.88 and a 1-year high of $222.98. The company has a fifty day moving average of $207.39 and a 200 day moving average of $205.39.

Honeywell International (NASDAQ:HON) last issued its quarterly earnings data on Thursday, October 24th. The conglomerate reported $2.58 earnings per share for the quarter, beating the consensus estimate of $2.50 by $0.08. The firm had revenue of $9.73 billion for the quarter, compared to analyst estimates of $9.90 billion. Honeywell International had a net margin of 15.49% and a return on equity of 36.87%. On average, equities analysts expect that Honeywell International will post 10.1 EPS for the current fiscal year.

Honeywell International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 15th will be given a dividend of $1.13 per share. The ex-dividend date is Friday, November 15th. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.17%. This is a positive change from Honeywell International’s previous quarterly dividend of $1.08. Honeywell International’s dividend payout ratio is currently 52.38%.

Institutional Investors Weigh In On Honeywell International

A number of institutional investors have recently added to or reduced their stakes in the company. Cypress Wealth Services LLC grew its holdings in shares of Honeywell International by 2.5% during the 2nd quarter. Cypress Wealth Services LLC now owns 1,952 shares of the conglomerate’s stock worth $417,000 after purchasing an additional 47 shares in the last quarter. Bard Financial Services Inc. increased its holdings in Honeywell International by 0.3% in the 2nd quarter. Bard Financial Services Inc. now owns 17,594 shares of the conglomerate’s stock valued at $3,757,000 after buying an additional 50 shares during the period. ZRC Wealth Management LLC raised its stake in shares of Honeywell International by 11.6% in the 3rd quarter. ZRC Wealth Management LLC now owns 480 shares of the conglomerate’s stock valued at $99,000 after buying an additional 50 shares in the last quarter. CFM Wealth Partners LLC lifted its holdings in shares of Honeywell International by 4.0% during the 3rd quarter. CFM Wealth Partners LLC now owns 1,288 shares of the conglomerate’s stock worth $264,000 after acquiring an additional 50 shares during the period. Finally, Jacobsen Capital Management boosted its position in shares of Honeywell International by 5.2% during the 3rd quarter. Jacobsen Capital Management now owns 1,010 shares of the conglomerate’s stock valued at $209,000 after acquiring an additional 50 shares in the last quarter. 75.91% of the stock is owned by institutional investors and hedge funds.

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.