Honeywell International (NASDAQ:HON) Shares Down 1.5%

Shares of Honeywell International Inc. (NASDAQ:HON) fell 1.5% on Thursday . The stock traded as low as $191.61 and last traded at $191.82. 1,274,342 shares traded hands during trading, a decline of 57% from the average session volume of 2,983,216 shares. The stock had previously closed at $194.79.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on HON. Royal Bank of Canada dropped their target price on Honeywell International from $210.00 to $209.00 and set a “sector perform” rating for the company in a report on Friday, February 2nd. Berenberg Bank raised Honeywell International from a “hold” rating to a “buy” rating and upped their price target for the company from $195.00 to $240.00 in a research report on Wednesday, March 6th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $215.00 price target (down previously from $227.00) on shares of Honeywell International in a research report on Tuesday, April 16th. Finally, Barclays upped their price target on Honeywell International from $230.00 to $232.00 and gave the company an “overweight” rating in a research report on Tuesday, April 2nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $219.67.

Honeywell International Price Performance

The company has a current ratio of 1.27, a quick ratio of 0.93 and a debt-to-equity ratio of 1.01. The company has a market cap of $125.69 billion, a PE ratio of 22.71, a P/E/G ratio of 2.25 and a beta of 1.02. The firm has a 50 day moving average of $198.35 and a two-hundred day moving average of $196.25.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings results on Thursday, April 25th. The conglomerate reported $2.25 earnings per share for the quarter, topping the consensus estimate of $2.17 by $0.08. The company had revenue of $9.11 billion for the quarter, compared to the consensus estimate of $9.03 billion. Honeywell International had a return on equity of 35.17% and a net margin of 15.43%. The firm’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.07 EPS. Research analysts predict that Honeywell International Inc. will post 9.94 earnings per share for the current fiscal year.

Honeywell International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were paid a dividend of $1.08 per share. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $4.32 annualized dividend and a yield of 2.24%. Honeywell International’s dividend payout ratio is 51.00%.

Insider Buying and Selling at Honeywell International

In other Honeywell International news, Director Darius Adamczyk sold 25,500 shares of the stock in a transaction on Monday, February 12th. The stock was sold at an average price of $197.19, for a total transaction of $5,028,345.00. Following the sale, the director now directly owns 183,400 shares in the company, valued at approximately $36,164,646. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.41% of the company’s stock.

Hedge Funds Weigh In On Honeywell International

A number of institutional investors and hedge funds have recently modified their holdings of the company. Altshuler Shaham Ltd bought a new position in Honeywell International in the 4th quarter worth $27,000. Scarborough Advisors LLC bought a new position in Honeywell International in the 4th quarter worth $27,000. Cordant Inc. bought a new position in Honeywell International in the 4th quarter worth $31,000. Rakuten Securities Inc. bought a new position in Honeywell International in the 4th quarter worth $31,000. Finally, Richardson Capital Management LLC bought a new position in Honeywell International in the 1st quarter worth $35,000. 75.91% of the stock is currently owned by hedge funds and other 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.