Honeywell International (NASDAQ:HON) PT Lowered to $213.00 at Royal Bank of Canada

Honeywell International (NASDAQ:HON) had its price objective lowered by Royal Bank of Canada from $214.00 to $213.00 in a report published on Friday morning, Benzinga reports. Royal Bank of Canada currently has a sector perform rating on the conglomerate’s stock.

HON has been the topic of several other research reports. Bank of America restated a “neutral” rating and issued a $230.00 target price (down previously from $250.00) on shares of Honeywell International in a report on Thursday. StockNews.com cut shares of Honeywell International from a “buy” rating to a “hold” rating in a report on Friday, August 30th. Morgan Stanley began coverage on shares of Honeywell International in a report on Friday, September 6th. They issued an “equal weight” rating and a $210.00 target price on the stock. Wells Fargo & Company raised their target price on shares of Honeywell International from $207.00 to $215.00 and gave the stock an “equal weight” rating in a report on Friday. Finally, JPMorgan Chase & Co. cut their target price on shares of Honeywell International from $235.00 to $233.00 and set a “neutral” rating on the stock in a report on Friday. Ten equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Honeywell International has an average rating of “Hold” and a consensus price target of $223.73.

Honeywell International Stock Down 0.5 %

Shares of NASDAQ HON opened at $208.00 on Friday. Honeywell International has a one year low of $174.88 and a one year high of $222.98. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.21 and a quick ratio of 0.91. The firm’s 50 day simple moving average is $207.39 and its two-hundred day simple moving average is $205.51. The stock has a market capitalization of $135.45 billion, a P/E ratio of 24.10, a PEG ratio of 2.45 and a beta of 1.03.

Honeywell International (NASDAQ:HON) last issued its quarterly earnings results on Thursday, October 24th. The conglomerate reported $2.58 EPS for the quarter, beating analysts’ consensus estimates of $2.50 by $0.08. Honeywell International had a net margin of 15.49% and a return on equity of 36.87%. The business had revenue of $9.73 billion for the quarter, compared to analysts’ expectations of $9.90 billion. As a group, analysts expect that Honeywell International will post 10.1 EPS for the current fiscal year.

Honeywell International Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be paid a dividend of $1.13 per share. This is an increase from Honeywell International’s previous quarterly dividend of $1.08. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.17%. The ex-dividend date is Friday, November 15th. Honeywell International’s payout ratio is currently 52.38%.

Institutional Investors Weigh In On Honeywell International

A number of large investors have recently made changes to their positions in HON. LGT Group Foundation purchased a new stake in shares of Honeywell International during the 1st quarter worth approximately $26,000. Richardson Capital Management LLC bought a new stake in shares of Honeywell International in the first quarter valued at about $35,000. Financial Connections Group Inc. bought a new stake in shares of Honeywell International in the second quarter valued at about $38,000. Pathway Financial Advisers LLC bought a new stake in shares of Honeywell International in the first quarter valued at about $39,000. Finally, New Covenant Trust Company N.A. purchased a new position in Honeywell International in the first quarter valued at about $42,000. 75.91% of the stock is currently 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.