Honeywell International (NASDAQ:HON) Research Coverage Started at Morgan Stanley

Morgan Stanley began coverage on shares of Honeywell International (NASDAQ:HON) in a research report report published on Friday, MarketBeat.com reports. The firm issued an equal weight rating and a $210.00 price target on the conglomerate’s stock.

HON has been the topic of several other research reports. Wells Fargo & Company reduced their price objective on shares of Honeywell International from $220.00 to $215.00 and set an equal weight rating on the stock in a research note on Friday, July 26th. StockNews.com lowered Honeywell International from a buy rating to a hold rating in a research note on Friday, August 30th. UBS Group raised Honeywell International from a sell rating to a neutral rating and raised their price target for the stock from $175.00 to $215.00 in a research note on Monday, June 10th. Royal Bank of Canada dropped their price objective on shares of Honeywell International from $218.00 to $214.00 and set a sector perform rating for the company in a research note on Friday, July 26th. Finally, Daiwa America upgraded shares of Honeywell International to a moderate buy rating in a report on Wednesday, June 5th. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of Hold and an average price target of $223.13.

Honeywell International Trading Down 2.4 %

NASDAQ:HON opened at $198.13 on Friday. The company has a market capitalization of $129.02 billion, a PE ratio of 22.96, a price-to-earnings-growth ratio of 2.37 and a beta of 1.04. Honeywell International has a 52-week low of $174.88 and a 52-week high of $220.79. The stock has a fifty day simple moving average of $206.41 and a 200-day simple moving average of $203.13. The company has a quick ratio of 0.91, a current ratio of 1.21 and a debt-to-equity ratio of 1.19.

Honeywell International (NASDAQ:HON) last posted its earnings results on Thursday, July 25th. The conglomerate reported $2.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.42 by $0.07. The firm had revenue of $9.58 billion for the quarter, compared to analyst estimates of $9.41 billion. Honeywell International had a return on equity of 36.87% and a net margin of 15.49%. Honeywell International’s revenue was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.23 EPS. On average, equities research analysts expect that Honeywell International will post 10.12 earnings per share for the current fiscal year.

Honeywell International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Friday, August 16th were issued a $1.08 dividend. The ex-dividend date was Friday, August 16th. This represents a $4.32 annualized dividend and a yield of 2.18%. Honeywell International’s payout ratio is 50.06%.

Institutional Trading of Honeywell International

A number of institutional investors have recently added to or reduced their stakes in HON. Price T Rowe Associates Inc. MD lifted its position in shares of Honeywell International by 22.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 9,587,718 shares of the conglomerate’s stock worth $1,967,880,000 after purchasing an additional 1,746,759 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in Honeywell International by 3.9% in the 2nd quarter. Ameriprise Financial Inc. now owns 8,365,840 shares of the conglomerate’s stock worth $1,786,449,000 after buying an additional 310,807 shares in the last quarter. Northern Trust Corp boosted its position in Honeywell International by 0.3% in the 4th quarter. Northern Trust Corp now owns 6,451,134 shares of the conglomerate’s stock valued at $1,352,867,000 after buying an additional 17,591 shares during the last quarter. Legal & General Group Plc grew its stake in shares of Honeywell International by 0.9% during the second quarter. Legal & General Group Plc now owns 4,910,551 shares of the conglomerate’s stock valued at $1,048,600,000 after acquiring an additional 42,305 shares in the last quarter. Finally, Capital Research Global Investors increased its position in shares of Honeywell International by 6.7% during the first quarter. Capital Research Global Investors now owns 3,402,252 shares of the conglomerate’s stock worth $698,312,000 after acquiring an additional 212,327 shares during the last quarter. 75.91% of the stock is 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.