Honeywell International (NASDAQ:HON) Earns Neutral Rating from Analysts at BNP Paribas Exane

BNP Paribas Exane started coverage on shares of Honeywell International (NASDAQ:HON) in a research report report published on Wednesday morning, MarketBeat Ratings reports. The brokerage issued a neutral rating and a $195.00 target price on the conglomerate’s stock.

Several other research firms have also weighed in on HON. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Honeywell International from $271.00 to $265.00 and set a “buy” rating on the stock in a research note on Friday, October 24th. Citigroup boosted their price target on shares of Honeywell International from $251.56 to $267.00 and gave the company a “buy” rating in a report on Tuesday, November 4th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Honeywell International in a research note on Monday. JPMorgan Chase & Co. lifted their target price on Honeywell International from $212.00 to $218.00 and gave the stock a “neutral” rating in a report on Friday, October 24th. Finally, Morgan Stanley lowered their price target on Honeywell International from $245.00 to $235.00 and set an “equal weight” rating for the company in a report on Tuesday, October 28th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $236.71.

Honeywell International Stock Performance

HON stock opened at $191.33 on Wednesday. The business’s fifty day moving average is $201.03 and its 200-day moving average is $215.48. The company has a quick ratio of 1.04, a current ratio of 1.36 and a debt-to-equity ratio of 1.70. The company has a market cap of $121.47 billion, a P/E ratio of 20.16, a price-to-earnings-growth ratio of 2.61 and a beta of 0.96. Honeywell International has a twelve month low of $169.21 and a twelve month high of $228.04.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings data on Monday, December 11th. The conglomerate reported $2.25 EPS for the quarter. Honeywell International had a return on equity of 38.11% and a net margin of 15.07%.The business had revenue of $8.95 billion during the quarter. 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. Equities research analysts forecast that Honeywell International will post 10.34 EPS for the current year.

Honeywell International Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 5th. Stockholders of record on Friday, November 14th were issued a $1.19 dividend. This represents a $4.76 dividend on an annualized basis and a dividend yield of 2.5%. This is a positive change from Honeywell International’s previous quarterly dividend of $1.13. The ex-dividend date was Friday, November 14th. Honeywell International’s dividend payout ratio is presently 50.16%.

Institutional Investors Weigh In On Honeywell International

Several institutional investors have recently bought and sold shares of HON. Nuveen LLC bought a new position in shares of Honeywell International during the 1st quarter worth approximately $1,150,929,000. Laurel Wealth Advisors LLC grew its position in Honeywell International by 23,503.0% in the second quarter. Laurel Wealth Advisors LLC now owns 3,716,532 shares of the conglomerate’s stock valued at $865,506,000 after purchasing an additional 3,700,786 shares in the last quarter. Franklin Resources Inc. grew its position in Honeywell International by 28.8% in the third quarter. Franklin Resources Inc. now owns 10,196,543 shares of the conglomerate’s stock valued at $2,146,372,000 after purchasing an additional 2,277,234 shares in the last quarter. Wellington Management Group LLP increased its stake in Honeywell International by 8.9% in the 1st quarter. Wellington Management Group LLP now owns 15,751,951 shares of the conglomerate’s stock valued at $3,335,476,000 after buying an additional 1,293,137 shares during the last quarter. Finally, Marshall Wace LLP lifted its position in Honeywell International by 130.0% during the 3rd quarter. Marshall Wace LLP now owns 1,845,032 shares of the conglomerate’s stock worth $388,379,000 after buying an additional 1,042,972 shares in the last quarter. Institutional investors own 75.91% of the company’s stock.

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.