Honeywell International Inc. (NYSE:HON) PT Raised to $170.00 at Citigroup Inc.

Honeywell International Inc. (NYSE:HON) had its price objective increased by equities researchers at Citigroup Inc. from $155.00 to $170.00 in a note issued to investors on Monday, October 9th, Marketbeat.com reports. The brokerage currently has a “buy” rating on the conglomerate’s stock. Citigroup Inc.’s target price indicates a potential upside of 18.52% from the company’s previous close.

HON has been the topic of a number of other reports. Zacks Investment Research raised shares of Honeywell International from a “hold” rating to a “buy” rating and set a $151.00 price objective on the stock in a research report on Thursday, July 20th. BidaskClub cut shares of Honeywell International from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Jefferies Group LLC restated a “buy” rating and set a $155.00 target price on shares of Honeywell International in a report on Tuesday, August 22nd. Royal Bank Of Canada boosted their target price on shares of Honeywell International from $145.00 to $148.00 and gave the company an “outperform” rating in a report on Monday, July 24th. Finally, Deutsche Bank AG restated a “buy” rating and set a $154.00 target price on shares of Honeywell International in a report on Thursday, September 21st. One research analyst has 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 $149.52.

Honeywell International (NYSE:HON) traded up 0.078% during midday trading on Monday, reaching $143.542. 293,245 shares of the company’s stock were exchanged. The company has a market cap of $109.17 billion, a price-to-earnings ratio of 22.258 and a beta of 0.95. Honeywell International has a 52 week low of $107.41 and a 52 week high of $145.30. The firm has a 50-day moving average price of $139.95 and a 200 day moving average price of $134.50.

Honeywell International (NYSE:HON) last issued its quarterly earnings data on Friday, July 21st. The conglomerate reported $1.80 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.78 by $0.02. The business had revenue of $10.08 billion for the quarter, compared to the consensus estimate of $9.89 billion. Honeywell International had a net margin of 12.68% and a return on equity of 26.60%. The company’s quarterly revenue was up .9% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.70 EPS. Analysts anticipate that Honeywell International will post $7.09 EPS for the current year.

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In other news, insider Rajeev Gautam sold 5,840 shares of the stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of $136.68, for a total transaction of $798,211.20. Following the completion of the transaction, the insider now directly owns 16,597 shares in the company, valued at approximately $2,268,477.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Thomas A. Szlosek sold 803 shares of the stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $137.02, for a total value of $110,027.06. Following the transaction, the chief financial officer now owns 5,702 shares of the company’s stock, valued at $781,288.04. The disclosure for this sale can be found here. Insiders sold a total of 354,108 shares of company stock valued at $48,886,463 over the last 90 days. 1.56% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake in Honeywell International by 2.5% in the second quarter. Vanguard Group Inc. now owns 49,713,013 shares of the conglomerate’s stock worth $6,626,247,000 after purchasing an additional 1,234,672 shares during the period. BlackRock Inc. increased its stake in Honeywell International by 2.8% in the second quarter. BlackRock Inc. now owns 45,038,036 shares of the conglomerate’s stock worth $6,003,117,000 after purchasing an additional 1,207,893 shares during the period. Ameriprise Financial Inc. increased its stake in Honeywell International by 38.9% in the second quarter. Ameriprise Financial Inc. now owns 13,323,259 shares of the conglomerate’s stock worth $1,776,394,000 after purchasing an additional 3,728,533 shares during the period. FMR LLC increased its stake in Honeywell International by 9.3% in the second quarter. FMR LLC now owns 8,405,703 shares of the conglomerate’s stock worth $1,120,396,000 after purchasing an additional 714,881 shares during the period. Finally, Alliancebernstein L.P. increased its stake in Honeywell International by 9.1% in the second quarter. Alliancebernstein L.P. now owns 7,539,972 shares of the conglomerate’s stock worth $1,005,003,000 after purchasing an additional 629,221 shares during the period. Institutional investors and hedge funds own 75.73% of the company’s stock.

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.

Analyst Recommendations for Honeywell International (NYSE:HON)

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