Honeywell International (NYSE:HON) Reaches New 52-Week High at $234.25

Honeywell International Inc. (NYSE:HON) shares hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $234.25 and last traded at $233.12, with a volume of 144204 shares trading hands. The stock had previously closed at $231.85.

A number of brokerages have issued reports on HON. Morgan Stanley increased their price objective on shares of Honeywell International from $230.00 to $246.00 and gave the company an “equal weight” rating in a report on Monday, April 26th. Credit Suisse Group lifted their price target on shares of Honeywell International from $224.00 to $235.00 and gave the company an “outperform” rating in a report on Monday, April 26th. Barclays lifted their target price on Honeywell International from $230.00 to $245.00 and gave the stock an “overweight” rating in a report on Monday, April 26th. JPMorgan Chase & Co. increased their price target on Honeywell International from $200.00 to $250.00 and gave the company an “overweight” rating in a research note on Friday, April 9th. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on Honeywell International from $246.00 to $245.00 and set a “buy” rating for the company in a research report on Wednesday, July 14th. Five equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $221.07.

The firm has a market cap of $161.91 billion, a price-to-earnings ratio of 35.45, a PEG ratio of 2.71 and a beta of 1.15. The firm’s 50-day moving average is $223.79. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.17 and a current ratio of 1.43.

Honeywell International (NYSE:HON) last posted its quarterly earnings data on Thursday, April 22nd. The conglomerate reported $1.92 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.80 by $0.12. Honeywell International had a return on equity of 26.51% and a net margin of 14.18%. The company had revenue of $8.45 billion during the quarter, compared to analysts’ expectations of $8.07 billion. During the same quarter in the previous year, the business earned $2.21 EPS. Honeywell International’s revenue was down .1% compared to the same quarter last year. Equities analysts anticipate that Honeywell International Inc. will post 8.02 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, June 4th. Stockholders of record on Friday, May 14th were issued a $0.93 dividend. This represents a $3.72 dividend on an annualized basis and a dividend yield of 1.60%. The ex-dividend date was Thursday, May 13th. Honeywell International’s payout ratio is presently 52.39%.

In related news, VP Anne T. Madden sold 8,885 shares of Honeywell International stock in a transaction dated Thursday, April 29th. The shares were sold at an average price of $223.22, for a total transaction of $1,983,309.70. Following the completion of the sale, the vice president now owns 50,658 shares in the company, valued at approximately $11,307,878.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.44% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in HON. BlackRock Inc. increased its stake in shares of Honeywell International by 2.0% during the first quarter. BlackRock Inc. now owns 43,674,802 shares of the conglomerate’s stock valued at $9,480,489,000 after buying an additional 839,066 shares during the period. Alliancebernstein L.P. boosted its position in Honeywell International by 28.2% during the 1st quarter. Alliancebernstein L.P. now owns 3,771,775 shares of the conglomerate’s stock valued at $818,739,000 after acquiring an additional 829,207 shares in the last quarter. Capital International Investors lifted its stake in shares of Honeywell International by 11.7% during the 1st quarter. Capital International Investors now owns 7,850,768 shares of the conglomerate’s stock worth $1,704,272,000 after purchasing an additional 824,893 shares during the last quarter. Voloridge Investment Management LLC raised its holdings in Honeywell International by 12,809.4% in the first quarter. Voloridge Investment Management LLC now owns 558,719 shares of the conglomerate’s stock worth $121,281,000 after purchasing an additional 554,391 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its position in shares of Honeywell International by 4.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 10,204,199 shares of the conglomerate’s stock worth $2,167,460,000 after buying an additional 477,569 shares during the last quarter. Institutional investors own 75.93% of the company’s stock.

Honeywell International Company Profile (NYSE:HON)

Honeywell International, Inc is a software industrial company, which offers industry specific solutions to aerospace and automotive products and services. It specializes in turbochargers control, sensing and security technologies for buildings and homes; specialty chemicals; electronic and advanced materials; process technology for refining and petrochemicals; and energy efficient products and solutions for homes, business and transportation.

Recommended Story: Certificate of Deposit (CD) For Risk Adverse Investors?

Receive News & Ratings for Honeywell International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Honeywell International and related companies with MarketBeat.com's FREE daily email newsletter.