Honeywell International (NASDAQ:HON) Rating Increased to Hold at BNP Paribas

BNP Paribas upgraded shares of Honeywell International (NASDAQ:HON) to a hold rating in a report issued on Wednesday,Zacks.com reports.

Several other equities research analysts have also recently weighed in on the stock. BNP Paribas Exane started coverage on shares of Honeywell International in a research report on Wednesday. They set a “neutral” rating and a $195.00 price objective for the company. Rothschild & Co Redburn dropped their target price on shares of Honeywell International from $240.00 to $222.00 and set a “neutral” rating for the company in a research report on Monday, October 27th. HSBC reduced their price target on shares of Honeywell International from $290.00 to $266.00 and set a “buy” rating on the stock in a research report on Tuesday, November 11th. Bank of America reissued an “underperform” rating and issued a $205.00 price objective (down from $265.00) on shares of Honeywell International in a research note on Tuesday, November 18th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Honeywell International in a research note on Monday. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $236.71.

Honeywell International Trading Down 0.6%

Shares of NASDAQ:HON opened at $192.23 on Wednesday. The business’s 50 day simple moving average is $201.37 and its 200 day simple moving average is $215.71. Honeywell International has a 1 year low of $169.21 and a 1 year high of $228.04. The company has a debt-to-equity ratio of 1.70, a current ratio of 1.36 and a quick ratio of 1.04. The company has a market capitalization of $122.04 billion, a P/E ratio of 20.26, a P/E/G ratio of 2.63 and a beta of 0.96.

Honeywell International (NASDAQ:HON) last released its earnings results on Monday, December 11th. The conglomerate reported $2.25 earnings per share for the quarter. The firm had revenue of $8.95 billion during the quarter. Honeywell International had a return on equity of 38.11% and a net margin of 15.07%.Honeywell International has set its Q4 2023 guidance at 2.530-2.630 EPS and its FY 2023 guidance at 9.100-9.200 EPS. On average, research analysts anticipate that Honeywell International will post 10.34 EPS for the current fiscal year.

Honeywell International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 5th. Stockholders of record on Friday, November 14th will be issued a dividend of $1.19 per share. This represents a $4.76 dividend on an annualized basis and a dividend yield of 2.5%. This is a boost from Honeywell International’s previous quarterly dividend of $1.13. The ex-dividend date is Friday, November 14th. Honeywell International’s dividend payout ratio (DPR) is presently 50.16%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Brighton Jones LLC lifted its stake in shares of Honeywell International by 9.1% in the 4th quarter. Brighton Jones LLC now owns 19,047 shares of the conglomerate’s stock valued at $4,302,000 after purchasing an additional 1,582 shares during the period. WealthShield Partners LLC acquired a new position in shares of Honeywell International during the 1st quarter valued at $212,000. Charles Schwab Investment Management Inc. boosted its stake in Honeywell International by 1.2% during the first quarter. Charles Schwab Investment Management Inc. now owns 3,948,557 shares of the conglomerate’s stock worth $836,107,000 after acquiring an additional 47,433 shares in the last quarter. Chicago Partners Investment Group LLC grew its holdings in Honeywell International by 26.6% in the first quarter. Chicago Partners Investment Group LLC now owns 3,779 shares of the conglomerate’s stock worth $811,000 after purchasing an additional 793 shares during the period. Finally, Deutsche Bank AG increased its stake in Honeywell International by 24.9% in the first quarter. Deutsche Bank AG now owns 1,954,887 shares of the conglomerate’s stock valued at $413,947,000 after purchasing an additional 390,284 shares in the last quarter. 75.91% of the stock is owned by institutional investors.

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.