Royal Bank of Canada Reaffirms Sector Perform Rating for Honeywell International (NASDAQ:HON)

Royal Bank of Canada reissued their sector perform rating on shares of Honeywell International (NASDAQ:HON) in a report released on Thursday, Benzinga reports. They currently have a $214.00 price target on the conglomerate’s stock.

HON has been the topic of several other reports. StockNews.com lowered shares of Honeywell International from a buy rating to a hold rating in a research report on Friday, August 30th. Morgan Stanley assumed coverage on shares of Honeywell International in a report on Friday, September 6th. They set an equal weight rating and a $210.00 price objective on the stock. Daiwa America raised shares of Honeywell International to a moderate buy rating in a report on Wednesday, June 5th. Citigroup upped their price target on Honeywell International from $243.00 to $244.00 and gave the stock a buy rating in a report on Tuesday, June 4th. Finally, Wells Fargo & Company reduced their price objective on Honeywell International from $220.00 to $215.00 and set an equal weight rating for the company in a report on Friday, July 26th. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of Hold and a consensus target price of $223.13.

Honeywell International Stock Up 0.3 %

Shares of NASDAQ:HON opened at $207.63 on Thursday. The company has a market cap of $135.21 billion, a price-to-earnings ratio of 24.06, a PEG ratio of 2.32 and a beta of 1.03. Honeywell International has a fifty-two week low of $174.88 and a fifty-two week high of $220.79. The firm’s 50-day simple moving average is $203.38 and its 200-day simple moving average is $203.65. The company has a quick ratio of 0.91, a current ratio of 1.21 and a debt-to-equity ratio of 1.19.

Honeywell International (NASDAQ:HON) last released its earnings results on Thursday, July 25th. The conglomerate reported $2.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.42 by $0.07. The company had revenue of $9.58 billion for the quarter, compared to analysts’ expectations of $9.41 billion. Honeywell International had a return on equity of 36.87% and a net margin of 15.49%. The firm’s quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.23 EPS. As a group, equities research analysts predict that Honeywell International will post 10.11 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 issued a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.18%. This is a boost from Honeywell International’s previous quarterly dividend of $1.08. The ex-dividend date of this dividend is Friday, November 15th. Honeywell International’s payout ratio is 50.06%.

Institutional Trading of Honeywell International

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. LGT Group Foundation acquired a new stake in shares of Honeywell International during the first quarter worth $26,000. Scarborough Advisors LLC purchased a new stake in Honeywell International in the 4th quarter valued at about $27,000. Richardson Capital Management LLC acquired a new position in shares of Honeywell International during the 1st quarter valued at about $35,000. Financial Connections Group Inc. purchased a new position in shares of Honeywell International during the 2nd quarter worth about $38,000. Finally, Pathway Financial Advisers LLC acquired a new stake in shares of Honeywell International in the first quarter worth approximately $39,000. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Honeywell International Company Profile

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.