Honeywell International Inc. (NYSE:HON)‘s stock had its “overweight” rating reaffirmed by analysts at Morgan Stanley in a note issued to investors on Monday. They currently have a $124.00 target price on the stock, down from their previous target price of $127.00. Morgan Stanley’s price target would indicate a potential upside of 16.10% from the company’s current price.
Other analysts have also issued reports about the company. Credit Suisse Group AG reissued a “hold” rating on shares of Honeywell International in a research note on Saturday, July 9th. Goldman Sachs Group Inc. lowered Honeywell International from a “conviction-buy” rating to a “buy” rating in a research note on Monday. Royal Bank Of Canada cut their price target on Honeywell International from $138.00 to $133.00 and set an “outperform” rating on the stock in a research note on Monday. Citigroup Inc. cut their price target on Honeywell International from $131.25 to $128.00 and set a “buy” rating on the stock in a research note on Monday. Finally, RBC Capital Markets reissued an “outperform” rating and set a $133.00 price target (down from $138.00) on shares of Honeywell International in a research note on Monday. Six analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $123.26.
Honeywell International (NYSE:HON) traded down 0.13% during mid-day trading on Monday, reaching $106.80. The company had a trading volume of 8,423,126 shares. The firm’s 50-day moving average is $115.07 and its 200-day moving average is $115.12. The firm has a market capitalization of $81.26 billion, a P/E ratio of 16.90 and a beta of 1.05. Honeywell International has a one year low of $93.71 and a one year high of $120.02.
Honeywell International (NYSE:HON) last announced its quarterly earnings results on Friday, July 22nd. The company reported $1.66 EPS for the quarter, beating the Zacks’ consensus estimate of $1.64 by $0.02. Honeywell International had a return on equity of 26.84% and a net margin of 12.60%. The firm had revenue of $9.78 billion for the quarter, compared to analyst estimates of $10.13 billion. During the same period last year, the firm posted $1.51 earnings per share. The business’s revenue for the quarter was up 2.2% on a year-over-year basis. On average, equities research analysts anticipate that Honeywell International will post $6.68 earnings per share for the current fiscal year.
In other news, SVP Katherine L. Adams sold 108,712 shares of the company’s stock in a transaction on Monday, August 15th. The stock was sold at an average price of $116.13, for a total transaction of $12,624,724.56. Following the transaction, the senior vice president now owns 224,530 shares of the company’s stock, valued at approximately $26,074,668.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Vice Chairman Andreas Kramvis sold 1,850 shares of the company’s stock in a transaction on Thursday, July 28th. The shares were sold at an average price of $114.80, for a total value of $212,380.00. Following the transaction, the insider now directly owns 66,441 shares in the company, valued at approximately $7,627,426.80. The disclosure for this sale can be found here. Insiders own 1.83% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Advisory Services Network LLC boosted its position in shares of Honeywell International by 0.5% in the third quarter. Advisory Services Network LLC now owns 10,273 shares of the company’s stock worth $1,198,000 after buying an additional 53 shares in the last quarter. Trust Co. of Oklahoma boosted its position in shares of Honeywell International by 6.4% in the third quarter. Trust Co. of Oklahoma now owns 22,572 shares of the company’s stock worth $2,632,000 after buying an additional 1,351 shares in the last quarter. Catawba Capital Management VA boosted its position in shares of Honeywell International by 3.6% in the third quarter. Catawba Capital Management VA now owns 34,889 shares of the company’s stock worth $4,068,000 after buying an additional 1,210 shares in the last quarter. First American Bank boosted its position in shares of Honeywell International by 92.7% in the third quarter. First American Bank now owns 22,462 shares of the company’s stock worth $2,619,000 after buying an additional 10,806 shares in the last quarter. Finally, Independence Advisors LLC purchased a new position in shares of Honeywell International during the third quarter worth approximately $225,000. 76.50% of the stock is currently owned by hedge funds and other institutional investors.
Honeywell International Company Profile
Honeywell International Inc (Honeywell) is a technology and manufacturing company. The Company operates in three segments: Aerospace, Automation and Control Solutions (ACS), and Performance Materials and Technologies (PMT). Its Aerospace segment supplies aircraft engines, integrated avionics, systems and service solutions, and related products and services for aircraft manufacturers, airlines, aircraft operators, military services, and defense and space contractors.
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