Barclays Boosts Honeywell International (NYSE:HON) Price Target to $186.00

Honeywell International (NYSE:HON) had its price target boosted by Barclays from $177.00 to $186.00 in a research note issued to investors on Tuesday, BenzingaRatingsTable reports. The brokerage currently has an overweight rating on the conglomerate’s stock.

A number of other brokerages have also issued reports on HON. Morgan Stanley lowered shares of Silicon Motion Technology from an equal weight rating to an underweight rating in a research note on Monday, April 22nd. Deutsche Bank upped their price target on shares of Keysight Technologies from $100.00 to $120.00 and gave the company a buy rating in a research note on Monday, April 22nd. Zacks Investment Research lowered shares of HANNOVER RUECK/S from a hold rating to a sell rating in a research note on Monday, April 22nd. Credit Suisse Group restated a neutral rating and set a $100.00 price target on shares of Procter & Gamble in a research note on Tuesday, April 23rd. Finally, ValuEngine lowered shares of Zosano Pharma from a buy rating to a hold rating in a research note on Wednesday, May 1st. Three research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. Honeywell International presently has an average rating of Buy and an average target price of $176.71.

NYSE:HON opened at $174.54 on Tuesday. Honeywell International has a 52 week low of $123.48 and a 52 week high of $178.47. The company’s 50 day moving average price is $172.02. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.24 and a quick ratio of 1.01. The stock has a market capitalization of $126.96 billion, a PE ratio of 21.79, a price-to-earnings-growth ratio of 2.33 and a beta of 1.10.

Honeywell International (NYSE:HON) last posted its earnings results on Thursday, April 18th. The conglomerate reported $1.92 EPS for the quarter, beating the Zacks’ consensus estimate of $1.83 by $0.09. Honeywell International had a net margin of 16.73% and a return on equity of 32.46%. The company had revenue of $8.88 billion during the quarter, compared to analysts’ expectations of $8.63 billion. During the same quarter in the prior year, the company posted $1.95 earnings per share. Honeywell International’s revenue for the quarter was down 14.5% compared to the same quarter last year. On average, equities analysts anticipate that Honeywell International will post 8.11 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Friday, May 24th were paid a $0.82 dividend. The ex-dividend date was Thursday, May 23rd. This represents a $3.28 dividend on an annualized basis and a dividend yield of 1.88%. Honeywell International’s payout ratio is currently 40.95%.

In other news, CEO Vimal Kapur sold 5,000 shares of the stock in a transaction on Monday, May 20th. The shares were sold at an average price of $169.58, for a total value of $847,900.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.73% of the stock is owned by corporate insiders.

Several large investors have recently added to or reduced their stakes in the company. Cordasco Financial Network acquired a new stake in Honeywell International during the first quarter valued at $25,000. Joseph P. Lucia & Associates LLC acquired a new stake in Honeywell International during the first quarter valued at $25,000. Capital Financial Planning LLC acquired a new stake in Honeywell International during the fourth quarter valued at $26,000. Mackey Komara & Dankovich LLC acquired a new stake in Honeywell International during the first quarter valued at $29,000. Finally, Riverview Trust Co acquired a new stake in Honeywell International during the fourth quarter valued at $31,000. Hedge funds and other institutional investors own 75.68% of the company’s stock.

About Honeywell International

Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. Its Aerospace segment supplies products, software, and services for aircrafts and vehicles. This 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 connected solutions and data services for the aftermarket, as well as provides wireless connectivity and management and technical services.

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