Honeywell International (NASDAQ:HON) Trading Down 0.9%

Honeywell International Inc. (NASDAQ:HON) shares traded down 0.9% during mid-day trading on Wednesday . The company traded as low as $193.26 and last traded at $194.49. 462,249 shares traded hands during mid-day trading, a decline of 84% from the average session volume of 2,967,236 shares. The stock had previously closed at $196.16.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Berenberg Bank raised Honeywell International from a “hold” rating to a “buy” rating and increased their target price for the stock from $195.00 to $240.00 in a report on Wednesday, March 6th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $215.00 price target (down from $227.00) on shares of Honeywell International in a research report on Tuesday, April 16th. Barclays increased their price target on Honeywell International from $230.00 to $232.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 2nd. Finally, Royal Bank of Canada decreased their price target on Honeywell International from $210.00 to $209.00 and set a “sector perform” rating on the stock in a research report on Friday, February 2nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Honeywell International currently has an average rating of “Hold” and an average price target of $219.67.

Honeywell International Price Performance

The stock has a market capitalization of $126.84 billion, a P/E ratio of 22.95, a price-to-earnings-growth ratio of 2.24 and a beta of 1.02. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.93 and a current ratio of 1.27. The stock has a 50-day simple moving average of $198.35 and a 200 day simple moving average of $196.26.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings data on Thursday, February 1st. The conglomerate reported $2.60 EPS for the quarter, beating analysts’ consensus estimates of $2.59 by $0.01. The firm had revenue of $9.44 billion for the quarter, compared to analyst estimates of $9.70 billion. Honeywell International had a return on equity of 35.17% and a net margin of 15.43%. The business’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same period last year, the company earned $2.52 EPS. On average, equities analysts forecast that Honeywell International Inc. will post 9.94 earnings per share for the current fiscal year.

Honeywell International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were paid a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a dividend yield of 2.22%. The ex-dividend date was Thursday, February 29th. Honeywell International’s dividend payout ratio (DPR) is currently 51.00%.

Insider Activity

In other news, Director Darius Adamczyk sold 25,500 shares of the stock in a transaction on Monday, February 12th. The stock was sold at an average price of $197.19, for a total value of $5,028,345.00. Following the transaction, the director now owns 183,400 shares of the company’s stock, valued at approximately $36,164,646. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.41% of the stock is currently owned by company insiders.

Institutional Trading of Honeywell International

Hedge funds have recently added to or reduced their stakes in the business. Simplicity Wealth LLC grew its holdings in Honeywell International by 1,280.0% during the first quarter. Simplicity Wealth LLC now owns 26,275 shares of the conglomerate’s stock worth $5,393,000 after purchasing an additional 24,371 shares during the period. Avitas Wealth Management LLC grew its holdings in Honeywell International by 1.2% during the first quarter. Avitas Wealth Management LLC now owns 21,633 shares of the conglomerate’s stock worth $4,440,000 after purchasing an additional 259 shares during the period. Assenagon Asset Management S.A. grew its holdings in Honeywell International by 0.6% during the first quarter. Assenagon Asset Management S.A. now owns 18,660 shares of the conglomerate’s stock worth $3,830,000 after purchasing an additional 110 shares during the period. Bell Bank grew its holdings in Honeywell International by 145.9% during the first quarter. Bell Bank now owns 2,528 shares of the conglomerate’s stock worth $519,000 after purchasing an additional 1,500 shares during the period. Finally, Iowa State Bank grew its holdings in Honeywell International by 5.6% during the first quarter. Iowa State Bank now owns 7,265 shares of the conglomerate’s stock worth $1,491,000 after purchasing an additional 385 shares during the period. Institutional investors and hedge funds 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.