Stifel Nicolaus reiterated their buy rating on shares of Honeywell International (NYSE:HON) in a research report sent to investors on Friday morning. The brokerage currently has a $165.00 target price on the conglomerate’s stock.
Several other research analysts have also recently issued reports on the company. Barclays began coverage on Honeywell International in a research note on Thursday, February 15th. They issued an overweight rating and a $170.00 price objective on the stock. ValuEngine raised Honeywell International from a hold rating to a buy rating in a research note on Friday, February 2nd. TheStreet cut Honeywell International from an a+ rating to a c+ rating in a research note on Friday, January 26th. Robert W. Baird reissued a buy rating and issued a $187.00 price objective on shares of Honeywell International in a research note on Friday, January 26th. Finally, Bank of America increased their price objective on Honeywell International from $117.12 to $168.00 and gave the stock a buy rating in a research note on Friday, January 26th. Three analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. The company currently has a consensus rating of Buy and a consensus price target of $165.67.
Honeywell International (HON) opened at $154.03 on Friday. Honeywell International has a 52 week low of $122.40 and a 52 week high of $165.13. The company has a market capitalization of $116,570.00, a P/E ratio of 35.99, a PEG ratio of 2.17 and a beta of 0.96. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.13 and a current ratio of 1.38.
Honeywell International announced that its Board of Directors has approved a stock repurchase plan on Friday, December 8th that allows the company to buyback $6.50 billion in shares. This buyback authorization allows the conglomerate to buy shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its stock is undervalued.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 9th. Stockholders of record on Friday, February 23rd will be issued a dividend of $0.745 per share. The ex-dividend date of this dividend is Thursday, February 22nd. This represents a $2.98 annualized dividend and a dividend yield of 1.93%. Honeywell International’s dividend payout ratio is presently 69.63%.
In other news, Director Linnet F. Deily sold 2,886 shares of the stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $147.71, for a total transaction of $426,291.06. Following the completion of the sale, the director now owns 9,105 shares in the company, valued at approximately $1,344,899.55. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 1.56% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the company. Hudock Capital Group LLC raised its stake in Honeywell International by 0.3% in the 2nd quarter. Hudock Capital Group LLC now owns 4,041 shares of the conglomerate’s stock worth $538,000 after acquiring an additional 14 shares during the last quarter. Rowland & Co. Investment Counsel ADV raised its stake in Honeywell International by 0.4% in the 2nd quarter. Rowland & Co. Investment Counsel ADV now owns 3,735 shares of the conglomerate’s stock worth $499,000 after acquiring an additional 14 shares during the last quarter. Jacobi Capital Management LLC raised its stake in Honeywell International by 0.6% in the 2nd quarter. Jacobi Capital Management LLC now owns 2,800 shares of the conglomerate’s stock worth $377,000 after acquiring an additional 16 shares during the last quarter. Oliver Luxxe Assets LLC raised its stake in Honeywell International by 0.5% in the 2nd quarter. Oliver Luxxe Assets LLC now owns 4,664 shares of the conglomerate’s stock worth $622,000 after acquiring an additional 21 shares during the last quarter. Finally, Bienville Capital Management LLC raised its stake in Honeywell International by 1.0% in the 2nd quarter. Bienville Capital Management LLC now owns 3,132 shares of the conglomerate’s stock worth $417,000 after acquiring an additional 31 shares during the last quarter. Hedge funds and other institutional investors own 75.73% of the company’s stock.
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Honeywell International Company Profile
Honeywell International Inc is a technology and manufacturing company. The Company operates through four segments: Aerospace, Home and Building Technologies, Performance Materials and Technologies, and Safety and Productivity Solutions. The Company’s Aerospace segment supplies products, software and services for aircraft and vehicles that it sells to original equipment manufacturers (OEMs) and other customers.
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