Honeywell International (NASDAQ:HON) Stock Price Up 1.2% – Time to Buy?

Honeywell International Inc. (NASDAQ:HON) traded up 1.2% during trading on Thursday . The stock traded as high as $214.89 and last traded at $213.93. 524,608 shares traded hands during mid-day trading, a decline of 87% from the average session volume of 4,109,476 shares. The stock had previously closed at $211.33.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. HSBC raised Honeywell International from a “hold” rating to a “buy” rating and set a $290.00 price objective for the company in a report on Wednesday, December 11th. The Goldman Sachs Group increased their price objective on Honeywell International from $227.00 to $256.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. JPMorgan Chase & Co. reduced their target price on Honeywell International from $233.00 to $231.00 and set a “neutral” rating on the stock in a report on Wednesday, January 15th. Royal Bank of Canada reduced their target price on Honeywell International from $253.00 to $236.00 and set a “sector perform” rating on the stock in a report on Friday, February 7th. Finally, Wells Fargo & Company reduced their price objective on Honeywell International from $240.00 to $220.00 and set an “equal weight” rating on the stock in a research note on Friday, February 7th. Ten equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Honeywell International has a consensus rating of “Moderate Buy” and a consensus price target of $248.71.

Honeywell International Price Performance

The business has a fifty day moving average price of $218.57 and a 200-day moving average price of $215.72. The company has a current ratio of 1.31, a quick ratio of 1.01 and a debt-to-equity ratio of 1.33. The stock has a market capitalization of $138.36 billion, a PE ratio of 24.44, a PEG ratio of 2.51 and a beta of 1.05.

Honeywell International (NASDAQ:HON) last issued its earnings results on Thursday, February 6th. The conglomerate reported $2.47 earnings per share for the quarter, beating the consensus estimate of $2.37 by $0.10. Honeywell International had a return on equity of 35.78% and a net margin of 14.82%. Research analysts expect that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be issued a $1.13 dividend. This represents a $4.52 annualized dividend and a yield of 2.12%. The ex-dividend date is Friday, February 28th. Honeywell International’s dividend payout ratio (DPR) is currently 51.89%.

Insiders Place Their Bets

In related news, VP Anne T. Madden sold 28,885 shares of the firm’s stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $207.89, for a total transaction of $6,004,902.65. Following the completion of the transaction, the vice president now owns 41,580 shares of the company’s stock, valued at $8,644,066.20. This trade represents a 40.99 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.41% of the company’s stock.

Institutional Trading of Honeywell International

Institutional investors have recently added to or reduced their stakes in the business. Baldwin Wealth Partners LLC MA boosted its stake in shares of Honeywell International by 4.0% in the 4th quarter. Baldwin Wealth Partners LLC MA now owns 67,303 shares of the conglomerate’s stock worth $15,203,000 after buying an additional 2,611 shares during the last quarter. Costello Asset Management INC bought a new stake in shares of Honeywell International in the fourth quarter worth about $3,092,000. RIA Advisory Group LLC bought a new stake in shares of Honeywell International in the third quarter worth about $6,124,000. Copley Financial Group Inc. bought a new stake in shares of Honeywell International in the third quarter worth about $454,000. Finally, Sargent Investment Group LLC increased its stake in Honeywell International by 268.6% during the fourth quarter. Sargent Investment Group LLC now owns 5,602 shares of the conglomerate’s stock worth $1,227,000 after acquiring an additional 4,082 shares during the last quarter. 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.