Honeywell International Inc. (NYSE:HON)‘s stock had its “hold” rating reiterated by analysts at Credit Suisse Group AG in a note issued to investors on Friday. They presently have a $113.35 price target on the stock. Credit Suisse Group AG’s target price points to a potential upside of 6.13% from the company’s previous close.
Several other equities analysts have also recently commented on the company. Sanford C. Bernstein restated an “outperform” rating on shares of Honeywell International in a research report on Monday, June 27th. Bank of America Corp. set a $132.00 target price on Honeywell International and gave the stock a “buy” rating in a research report on Monday, July 25th. Morgan Stanley restated a “buy” rating and set a $127.00 target price on shares of Honeywell International in a research report on Tuesday, September 6th. Zacks Investment Research cut Honeywell International from a “buy” rating to a “hold” rating in a research report on Wednesday, July 27th. Finally, Citigroup Inc. reiterated a “buy” rating and issued a $132.00 price objective on shares of Honeywell International in a report on Thursday, June 30th. Six research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $123.26.
Honeywell International (NYSE:HON) opened at 106.80 on Friday. The company 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 12 month low of $93.71 and a 12 month high of $120.02. The stock’s 50 day moving average price is $115.07 and its 200-day moving average price is $115.12.
Honeywell International (NYSE:HON) last posted its earnings results on Friday, July 22nd. The company reported $1.66 EPS for the quarter, topping the Thomson Reuters’ 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 business earned $9.78 billion during the quarter, compared to analysts’ expectations of $10.13 billion. During the same period in the previous year, the business earned $1.51 earnings per share. The firm’s revenue was up 2.2% on a year-over-year basis. On average, equities research analysts predict that Honeywell International will post $6.68 EPS for the current fiscal year.
In related news, insider Timothy O. Mahoney sold 600 shares of the company’s stock in a transaction that occurred on Thursday, August 4th. The stock was sold at an average price of $116.29, for a total value of $69,774.00. Following the sale, the insider now owns 68,398 shares in the company, valued at approximately $7,954,003.42. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Jennifer H. Mak sold 277 shares of the company’s stock in a transaction that occurred on Friday, July 29th. The stock was sold at an average price of $115.54, for a total value of $32,004.58. Following the completion of the sale, the vice president now owns 420 shares in the company, valued at approximately $48,526.80. The disclosure for this sale can be found here. 1.83% of the stock is owned by corporate insiders.
Several hedge funds have recently bought and sold shares of the company. Meristem LLP increased its stake in shares of Honeywell International by 3.0% in the first quarter. Meristem LLP now owns 4,867 shares of the company’s stock valued at $545,000 after buying an additional 140 shares in the last quarter. Investment Centers of America Inc. increased its stake in shares of Honeywell International by 10.5% in the first quarter. Investment Centers of America Inc. now owns 19,817 shares of the company’s stock valued at $2,219,000 after buying an additional 1,891 shares in the last quarter. Sii Investments Inc. WI increased its stake in shares of Honeywell International by 21.2% in the first quarter. Sii Investments Inc. WI now owns 3,536 shares of the company’s stock valued at $393,000 after buying an additional 619 shares in the last quarter. Sanders Morris Harris Inc. acquired a new stake in shares of Honeywell International during the first quarter valued at approximately $856,000. Finally, Arvest Bank Trust Division increased its stake in shares of Honeywell International by 0.7% in the first quarter. Arvest Bank Trust Division now owns 3,402 shares of the company’s stock valued at $381,000 after buying an additional 25 shares in the last quarter. Institutional investors own 76.50% of the company’s stock.
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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