News coverage about Honeywell International (NYSE:HON) has trended positive this week, according to Accern. The research group identifies negative and positive media coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Honeywell International earned a news sentiment score of 0.25 on Accern’s scale. Accern also assigned media stories about the conglomerate an impact score of 46.892278729577 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the media stories that may have effected Accern’s rankings:
- Honeywell Appoints CEO Darius Adamczyk As Chairman (finanznachrichten.de)
- Honeywell Announces Darius Adamczyk To Assume Chairman Title In April 2018; Names Duncan B. Angove To Board Of Directors (finance.yahoo.com)
- Investors Purchase High Volume of Honeywell International Put Options (HON) (americanbankingnews.com)
- Honeywell charts $142 million contribution to fully funded non-U.S. pension plans (pionline.com)
- Technical Perspectives on Machinery Stocks — Cummins, Generac, General Electric, and Honeywell (bizjournals.com)
Shares of Honeywell International (NYSE HON) traded up $1.57 during midday trading on Thursday, reaching $151.95. 1,584,626 shares of the company were exchanged, compared to its average volume of 3,505,112. The firm has a market capitalization of $113,810.00, a price-to-earnings ratio of 35.14, a P/E/G ratio of 2.10 and a beta of 0.96. Honeywell International has a 1 year low of $122.40 and a 1 year high of $165.13. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.13 and a current ratio of 1.38.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 9th. Stockholders of record on Friday, February 23rd will be paid a $0.745 dividend. This represents a $2.98 dividend on an annualized basis and a dividend yield of 1.96%. The ex-dividend date is Thursday, February 22nd. Honeywell International’s dividend payout ratio is presently 69.63%.
Honeywell International declared that its Board of Directors has approved a share buyback plan on Friday, December 8th that allows the company to repurchase $6.50 billion in outstanding shares. This repurchase authorization allows the conglomerate to reacquire shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s management believes its stock is undervalued.
A number of analysts have recently weighed in on HON shares. Royal Bank of Canada lowered Honeywell International from an “outperform” rating to a “sector perform” rating and cut their price objective for the stock from $163.00 to $158.00 in a research report on Wednesday, January 3rd. They noted that the move was a valuation call. Oppenheimer boosted their target price on shares of Honeywell International from $155.00 to $168.00 and gave the stock an “outperform” rating in a research note on Thursday, December 14th. TheStreet downgraded shares of Honeywell International from an “a+” rating to a “c+” rating in a research note on Friday, January 26th. Citigroup set a $180.00 target price on shares of Honeywell International and gave the stock a “buy” rating in a research note on Thursday, December 14th. Finally, Deutsche Bank reiterated a “buy” rating and set a $171.00 target price on shares of Honeywell International in a research note on Tuesday, November 28th. Three equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $165.93.
About Honeywell International
Honeywell International Inc is a technology and manufacturing company. The Company operates through four segments: Aerospace, Home and Building Technologies, Performance Materials and Technologies, and Safety and Productivity Solutions. The Company’s Aerospace segment supplies products, software and services for aircraft and vehicles that it sells to original equipment manufacturers (OEMs) and other customers.
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