Honeywell (HON) Research Coverage Started at Wolfe Research

Saturday, June 30 2018

Honeywell (HON) Research Coverage Started at Wolfe Research

Posted by Anna Parker Philips on Jun 30th, 2018 // No Comments
Wolfe Research began coverage on shares of Honeywell (NYSE:HON) in a research report sent to investors on Wednesday, Marketbeat reports. The brokerage issued an outperform rating and a $170.00 target price on the conglomerate’s stock.
HON has been the subject of several other research reports. Zacks Investment Research cut Honeywell from a buy rating to a hold rating in a research note on Tuesday, March 20th. Barclays increased their price target on Honeywell from $170.00 to $172.00 and gave the stock an overweight rating in a research note on Monday, April 23rd. Oppenheimer decreased their price target on Honeywell from $180.00 to $172.00 and set an outperform rating for the company in a research note on Monday, April 30th. ValuEngine cut Honeywell from a buy rating to a hold rating in a research note on Wednesday, May 2nd. Finally, TheStreet raised Honeywell from a c+ rating to an a- rating in a research note on Friday, April 20th. Three analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. The company has an average rating of Buy and a consensus price target of $169.27. Get Honeywell alerts:
Shares of Honeywell opened at $144.05 on Wednesday, according to Marketbeat . Honeywell has a 1-year low of $132.69 and a 1-year high of $165.13. The company has a current ratio of 1.36, a quick ratio of 1.11 and a debt-to-equity ratio of 0.72. The firm has a market capitalization of $106.91 billion, a price-to-earnings ratio of 20.26, a P/E/G ratio of 1.91 and a beta of 0.97. Honeywell (NYSE:HON) last issued its earnings results on Friday, April 20th. The conglomerate reported $1.95 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.89 by $0.06. Honeywell had a return on equity of 29.25% and a net margin of 4.26%. The firm had revenue of $10.39 billion for the quarter, compared to analyst estimates of $10.03 billion. During the same period last year, the company earned $1.71 earnings per share. The firm’s revenue for the quarter was up 9.5% on a year-over-year basis. sell-side analysts anticipate that Honeywell will post 8.02 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, June 8th. Investors of record on Friday, May 18th were paid a dividend of $0.745 per share. The ex-dividend date of this dividend was Thursday, May 17th. This represents a $2.98 annualized dividend and a yield of 2.07%. Honeywell’s dividend payout ratio is currently 41.91%.
In related news, Director Jaime Chico /Fa Pardo sold 3,426 shares of the firm’s stock in a transaction dated Friday, May 25th. The stock was sold at an average price of $150.59, for a total transaction of $515,921.34. Following the completion of the transaction, the director now owns 43,773 shares of the company’s stock, valued at $6,591,776.07. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link . Also, insider Timothy O. Mahoney sold 114,489 shares of the firm’s stock in a transaction dated Friday, May 25th. The shares were sold at an average price of $150.20, for a total value of $17,196,247.80. Following the transaction, the insider now directly owns 314,725 shares of the company’s stock, valued at approximately $47,271,695. The disclosure for this sale can be found here . Company insiders own 1.33% of the company’s stock.
Hedge funds have recently made changes to their positions in the stock. Wagner Wealth Management LLC purchased a new stake in shares of Honeywell during the fourth quarter valued at $101,000. Welch Group LLC purchased a new stake in shares of Honeywell during the fourth quarter valued at $100,000. Well Done LLC purchased a new stake in shares of Honeywell during the first quarter valued at $103,000. Taylor Hoffman Wealth Management purchased a new stake in shares of Honeywell during the fourth quarter valued at $113,000. Finally, Bruderman Asset Management LLC purchased a new stake in shares of Honeywell during the first quarter valued at $114,000. 74.43% of the stock is owned by institutional investors and hedge funds.
Honeywell Company Profile
Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. It operates through four segments: Aerospace; Home and Building Technologies; Performance Materials and Technologies; and Safety and Productivity Solutions. The Aerospace segment supplies products, software, and services for aircraft and vehicles that it sells to original equipment manufacturers and other customers in various markets, including air transport, regional, business and general aviation aircraft, airlines, aircraft operators, defense and space contractors, and automotive and truck manufacturers. Receive News & Ratings for Honeywell analysts' ratings for Honeywell and related companies daily email newsletter .