Honeywell International (NASDAQ:HON) Raised to “Outperform” at Wolfe Research

Honeywell International (NASDAQ:HON) was upgraded by investment analysts at Wolfe Research from a “peer perform” rating to an “outperform” rating in a research report issued to clients and investors on Friday, Marketbeat reports. The firm currently has a $293.00 price objective on the conglomerate’s stock. Wolfe Research’s price objective suggests a potential upside of 21.64% from the stock’s current price.

A number of other brokerages have also recently commented on HON. Bank of America reiterated an “underperform” rating and set a $205.00 price target (down from $265.00) on shares of Honeywell International in a research report on Tuesday, November 18th. Mizuho reduced their target price on shares of Honeywell International from $250.00 to $240.00 and set an “outperform” rating on the stock in a report on Monday, January 5th. Citigroup lifted their target price on shares of Honeywell International from $262.00 to $265.00 and gave the stock a “buy” rating in a research report on Friday, January 30th. The Goldman Sachs Group upped their price target on shares of Honeywell International from $236.00 to $262.00 and gave the company a “buy” rating in a research report on Monday. Finally, Robert W. Baird lifted their price objective on Honeywell International from $220.00 to $240.00 and gave the stock a “neutral” rating in a report on Friday, January 30th. Twelve investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $249.48.

Honeywell International Stock Down 0.5%

Shares of NASDAQ:HON opened at $240.88 on Friday. The firm has a market capitalization of $153.12 billion, a PE ratio of 30.15, a price-to-earnings-growth ratio of 3.51 and a beta of 0.94. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.03 and a current ratio of 1.30. Honeywell International has a 52-week low of $169.21 and a 52-week high of $246.00. The firm has a fifty day moving average of $220.19 and a 200 day moving average of $210.73.

Honeywell International (NASDAQ:HON) last issued its quarterly earnings results on Thursday, January 29th. The conglomerate reported $2.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.54 by $0.05. The firm had revenue of $10.07 billion during the quarter, compared to analyst estimates of $9.60 billion. Honeywell International had a return on equity of 40.64% and a net margin of 12.74%.The company’s revenue was up 6.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.47 earnings per share. As a group, research analysts anticipate that Honeywell International will post 10.34 EPS for the current fiscal year.

Insider Buying and Selling

In other Honeywell International news, VP Robert D. Mailloux sold 10,549 shares of the stock in a transaction on Friday, January 30th. The stock was sold at an average price of $229.00, for a total value of $2,415,721.00. Following the completion of the transaction, the vice president owned 4,803 shares in the company, valued at approximately $1,099,887. This represents a 68.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director D Scott Davis sold 2,367 shares of the business’s stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $240.00, for a total transaction of $568,080.00. Following the sale, the director owned 31,081 shares in the company, valued at approximately $7,459,440. This trade represents a 7.08% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 18,190 shares of company stock valued at $4,244,287. 0.20% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Honeywell International

Hedge funds have recently bought and sold shares of the business. Holos Integrated Wealth LLC purchased a new position in shares of Honeywell International during the fourth quarter valued at approximately $25,000. Caitlin John LLC raised its stake in Honeywell International by 138.9% during the fourth quarter. Caitlin John LLC now owns 129 shares of the conglomerate’s stock valued at $25,000 after buying an additional 75 shares during the last quarter. Ares Financial Consulting LLC bought a new stake in Honeywell International in the fourth quarter worth $26,000. Hilton Head Capital Partners LLC purchased a new stake in shares of Honeywell International in the fourth quarter worth $28,000. Finally, University of Texas Texas AM Investment Management Co. bought a new position in shares of Honeywell International during the fourth quarter valued at $28,000. Institutional investors own 75.91% of the company’s stock.

Honeywell International Company Profile

Honeywell International Inc is a diversified, publicly traded multinational conglomerate (NASDAQ: HON) that designs and manufactures a wide range of commercial and consumer products, engineering services and aerospace systems. The company operates through major business platforms that historically include Aerospace; Building Technologies; Performance Materials and Technologies; and Safety and Productivity Solutions. Its portfolio spans avionics and propulsion systems, building controls and HVAC equipment, process technologies and advanced materials, industrial automation software, and personal protective equipment and scanning solutions.

Honeywell’s aerospace business supplies aircraft manufacturers and operators with engines and auxiliary power units, avionics, flight safety systems and aftermarket services.