Honeywell International Inc. (NYSE:HON)‘s stock had its “neutral” rating reaffirmed by Credit Suisse Group in a research report issued to clients and investors on Monday, October 23rd. They presently have a $150.00 price objective on the conglomerate’s stock, up from their prior price objective of $141.00. Credit Suisse Group’s price target indicates a potential upside of 2.92% from the stock’s previous close.
Several other equities research analysts have also weighed in on the company. Zacks Investment Research upgraded Honeywell International from a “hold” rating to a “buy” rating and set a $151.00 price objective on the stock in a research note on Thursday, July 20th. BidaskClub lowered Honeywell International from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Jefferies Group LLC reiterated a “buy” rating and issued a $155.00 price objective on shares of Honeywell International in a research note on Tuesday, August 22nd. Royal Bank of Canada increased their price target on Honeywell International from $145.00 to $148.00 and gave the stock an “outperform” rating in a research report on Monday, July 24th. Finally, Citigroup Inc. increased their price target on Honeywell International from $155.00 to $170.00 and gave the stock a “buy” rating in a research report on Monday, October 9th. One research analyst has rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $150.79.
Honeywell International (NYSE HON) traded up $0.31 during midday trading on Monday, hitting $145.75. The company had a trading volume of 2,908,100 shares, compared to its average volume of 2,708,909. Honeywell International has a fifty-two week low of $111.78 and a fifty-two week high of $147.51. The company has a quick ratio of 1.09, a current ratio of 1.35 and a debt-to-equity ratio of 0.54. The firm has a market cap of $110,799.50, a PE ratio of 20.93, a PEG ratio of 2.23 and a beta of 0.97.
Honeywell International (NYSE:HON) last posted its quarterly earnings results on Friday, October 20th. The conglomerate reported $1.75 EPS for the quarter, meeting the consensus estimate of $1.75. The firm had revenue of $10.12 billion during the quarter, compared to analysts’ expectations of $10.05 billion. Honeywell International had a return on equity of 26.26% and a net margin of 12.85%. The company’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.60 EPS. sell-side analysts predict that Honeywell International will post 7.06 earnings per share for the current fiscal year.
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In other Honeywell International news, VP Krishna Mikkilineni sold 13,074 shares of Honeywell International stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $145.12, for a total value of $1,897,298.88. Following the sale, the vice president now owns 104,998 shares of the company’s stock, valued at approximately $15,237,309.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Rajeev Gautam sold 5,840 shares of Honeywell International stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $136.68, for a total value of $798,211.20. Following the completion of the sale, the insider now directly owns 16,597 shares in the company, valued at approximately $2,268,477.96. The disclosure for this sale can be found here. Company insiders own 1.56% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Schulhoff & Co. Inc. grew its holdings in shares of Honeywell International by 1.8% in the 2nd quarter. Schulhoff & Co. Inc. now owns 11,440 shares of the conglomerate’s stock valued at $1,524,000 after acquiring an additional 203 shares in the last quarter. DekaBank Deutsche Girozentrale grew its holdings in shares of Honeywell International by 5.4% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 217,832 shares of the conglomerate’s stock valued at $29,184,000 after acquiring an additional 11,091 shares in the last quarter. Edgestream Partners L.P. grew its holdings in shares of Honeywell International by 331.4% in the 1st quarter. Edgestream Partners L.P. now owns 13,555 shares of the conglomerate’s stock valued at $1,693,000 after acquiring an additional 10,413 shares in the last quarter. Acadian Asset Management LLC grew its holdings in shares of Honeywell International by 80.2% in the 2nd quarter. Acadian Asset Management LLC now owns 33,290 shares of the conglomerate’s stock valued at $4,436,000 after acquiring an additional 14,816 shares in the last quarter. Finally, Buckingham Capital Management Inc. grew its holdings in shares of Honeywell International by 3.1% in the 1st quarter. Buckingham Capital Management Inc. now owns 25,462 shares of the conglomerate’s stock valued at $3,179,000 after acquiring an additional 766 shares in the last quarter. 75.99% of the stock is currently owned by hedge funds and other institutional investors.
Honeywell International Company Profile
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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