Research analysts at William Blair boosted their target price on shares of Honeywell International (NYSE: HON)
Shares of Honeywell International traded up 1.26% during mid-day trading on Thursday, hitting $72.17. Honeywell International has a 52 week low of $52.21 and a 52 week high of $71.43. The stock?s 50-day moving average is currently $69.42. The company has a market cap of $56.566 billion and a P/E ratio of 19.31. Honeywell International last posted its quarterly earnings results on Friday, January 25th. The company reported $1.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.09 by $0.01. The company had revenue of $9.47 billion for the quarter, compared to the consensus estimate of $9.52 billion. During the same quarter in the previous year, the company posted $1.05 earnings per share. The company?s revenue for the quarter was up 1.1% on a year-over-year basis. Honeywell International has set its Q1 guidance at $1.10-1.15 EPS and its FY13 guidance at $4.75-4.95 EPS. On average, analysts predict that Honeywell International will post $4.94 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Jefferies & Co. raised their price target on shares of Honeywell International from $77.00 to $82.00 in a research note to investors on Thursday. They now have a ?buy? rating on the stock. Separately, analysts at Goldman Sachs reiterated a ?buy? rating on shares of Honeywell International in a research note to investors on Thursday. They now have a $79.00 price target on the stock, up previously from $77.00. Finally, analysts at JPMorgan Chase raised their price target on shares of Honeywell International from $70.00 to $73.00 in a research note to investors on Thursday. They now have an ?overweight? rating on the stock. Fifteen research analysts have rated the stock with a buy rating, three have assigned an overweight rating, and seven have assigned a hold rating to the company. The stock has a consensus rating of ?overweight? and an average price target of $75.65.
The company also recently announced a quarterly dividend, which is scheduled for Monday, March 11th. Investors of record on Monday, February 25th will be paid a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 2.27%. The ex-dividend date is Thursday, February 21st.
Honeywell International Inc. (Honeywell) is a diversified technology and manufacturing company, serving customers worldwide with aerospace products and services, control, sensing and security technologies for buildings, homes and industry, turbochargers, automotive products, specialty chemicals, electronic and advanced materials, process technology for refining and petrochemicals, and energy efficient products and solutions for homes, business and transportation.