Honeywell International (NASDAQ:HON) Receives New Coverage from Analysts at Morgan Stanley

Morgan Stanley started coverage on shares of Honeywell International (NASDAQ:HON) in a report issued on Friday morning, MarketBeat reports. The brokerage issued an equal weight rating and a $210.00 target price on the conglomerate’s stock.

Several other research analysts have also issued reports on the company. Citigroup upped their target price on Honeywell International from $243.00 to $244.00 and gave the company a buy rating in a research report on Tuesday, June 4th. StockNews.com lowered shares of Honeywell International from a buy rating to a hold rating in a research report on Friday, August 30th. Wells Fargo & Company lowered their target price on shares of Honeywell International from $220.00 to $215.00 and set an equal weight rating for the company in a research note on Friday, July 26th. UBS Group upgraded shares of Honeywell International from a sell rating to a neutral rating and upped their price target for the company from $175.00 to $215.00 in a research note on Monday, June 10th. Finally, Royal Bank of Canada lowered their price objective on shares of Honeywell International from $218.00 to $214.00 and set a sector perform rating for the company in a research note on Friday, July 26th. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Honeywell International presently has an average rating of Hold and a consensus target price of $223.13.

Honeywell International Stock Down 2.4 %

Shares of NASDAQ HON opened at $198.13 on Friday. Honeywell International has a 12-month low of $174.88 and a 12-month high of $220.79. The stock’s fifty day simple moving average is $206.41 and its two-hundred day simple moving average is $203.13. The stock has a market capitalization of $129.02 billion, a PE ratio of 22.96, a price-to-earnings-growth ratio of 2.37 and a beta of 1.04. The company has a current ratio of 1.21, a quick ratio of 0.91 and a debt-to-equity ratio of 1.19.

Honeywell International (NASDAQ:HON) last issued its quarterly earnings data on Thursday, July 25th. The conglomerate reported $2.49 earnings per share for the quarter, beating analysts’ consensus estimates of $2.42 by $0.07. The company had revenue of $9.58 billion for the quarter, compared to the consensus estimate of $9.41 billion. Honeywell International had a return on equity of 36.87% and a net margin of 15.49%. The firm’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter last year, the company earned $2.23 earnings per share. As a group, analysts expect that Honeywell International will post 10.12 EPS for the current fiscal year.

Honeywell International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Friday, August 16th were issued a dividend of $1.08 per share. The ex-dividend date was Friday, August 16th. This represents a $4.32 annualized dividend and a dividend yield of 2.18%. Honeywell International’s dividend payout ratio (DPR) is presently 50.06%.

Institutional Investors Weigh In On Honeywell International

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Cypress Wealth Services LLC increased its position in Honeywell International by 2.5% during the 2nd quarter. Cypress Wealth Services LLC now owns 1,952 shares of the conglomerate’s stock worth $417,000 after purchasing an additional 47 shares during the period. Bard Financial Services Inc. raised its position in Honeywell International by 0.3% in the second quarter. Bard Financial Services Inc. now owns 17,594 shares of the conglomerate’s stock worth $3,757,000 after acquiring an additional 50 shares in the last quarter. Quent Capital LLC lifted its holdings in Honeywell International by 3.0% in the second quarter. Quent Capital LLC now owns 1,773 shares of the conglomerate’s stock valued at $379,000 after acquiring an additional 51 shares during the period. Lansing Street Advisors boosted its position in shares of Honeywell International by 5.0% during the 2nd quarter. Lansing Street Advisors now owns 1,077 shares of the conglomerate’s stock worth $230,000 after purchasing an additional 51 shares in the last quarter. Finally, Sivia Capital Partners LLC grew its stake in shares of Honeywell International by 3.9% during the 2nd quarter. Sivia Capital Partners LLC now owns 1,430 shares of the conglomerate’s stock worth $305,000 after purchasing an additional 54 shares during the period. 75.91% of the stock is owned by institutional investors and hedge funds.

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.