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

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

A number of other equities research analysts have also recently weighed in on the company. Morgan Stanley assumed coverage on Honeywell International in a report on Friday, September 6th. They set an “equal weight” rating and a $210.00 price target for the company. Royal Bank of Canada restated a “sector perform” rating and issued a $214.00 target price on shares of Honeywell International in a research note on Thursday, September 26th. StockNews.com downgraded shares of Honeywell International from a “buy” rating to a “hold” rating in a research report on Friday, August 30th. Bank of America reaffirmed a “neutral” rating and issued a $230.00 target price (down from $250.00) on shares of Honeywell International in a research note on Thursday. Finally, Robert W. Baird cut shares of Honeywell International from an “outperform” rating to a “neutral” rating and decreased their price target for the company from $223.00 to $217.00 in a research note on Friday. Ten investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $223.73.

Honeywell International Price Performance

Shares of NASDAQ:HON traded down $1.10 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 firm’s 50 day moving average price is $207.39 and its 200-day moving average price is $205.39. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.91 and a current ratio of 1.21. Honeywell International has a twelve month low of $174.88 and a twelve month high of $222.98. The company has a market capitalization of $135.45 billion, a price-to-earnings ratio of 24.10, a price-to-earnings-growth ratio of 2.45 and a beta of 1.03.

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

Honeywell International Increases Dividend

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

Institutional Investors Weigh In On Honeywell International

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Grimes & Company Inc. boosted its stake in Honeywell International by 0.9% during the 1st quarter. Grimes & Company Inc. now owns 6,539 shares of the conglomerate’s stock worth $1,342,000 after acquiring an additional 57 shares during the last quarter. Chemung Canal Trust Co. grew its holdings in shares of Honeywell International by 3.7% in the 1st quarter. Chemung Canal Trust Co. now owns 12,215 shares of the conglomerate’s stock valued at $2,507,000 after buying an additional 433 shares during the period. Symphony Financial Ltd. Co. increased its position in shares of Honeywell International by 3.8% in the 1st quarter. Symphony Financial Ltd. Co. now owns 3,910 shares of the conglomerate’s stock valued at $803,000 after buying an additional 142 shares in the last quarter. Winthrop Advisory Group LLC raised its stake in Honeywell International by 15.8% during the 1st quarter. Winthrop Advisory Group LLC now owns 1,889 shares of the conglomerate’s stock worth $388,000 after buying an additional 258 shares during the period. Finally, New Mexico Educational Retirement Board lifted its holdings in Honeywell International by 15.3% during the first quarter. New Mexico Educational Retirement Board now owns 39,886 shares of the conglomerate’s stock worth $7,761,000 after acquiring an additional 5,300 shares in the last quarter. Institutional investors 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.