Honeywell International Inc. (NYSE:HON) had its target price reduced by Citigroup Inc. from $131.25 to $128.00 in a research report released on Monday. Citigroup Inc. currently has a buy rating on the stock.
A number of other research firms have also recently weighed in on HON. Credit Suisse Group AG restated a hold rating on shares of Honeywell International in a report on Saturday, July 9th. Deutsche Bank AG reaffirmed a buy rating and issued a $113.00 target price on shares of Honeywell International in a research report on Thursday, August 25th. Morgan Stanley set a $130.00 target price on Honeywell International and gave the company a buy rating in a research report on Monday, August 22nd. Zacks Investment Research lowered Honeywell International from a buy rating to a hold rating in a research report on Wednesday, July 27th. Finally, Bank of America Corp. set a $132.00 target price on Honeywell International and gave the company a buy rating in a research report on Monday, July 25th. Six investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. The stock currently has an average rating of Buy and a consensus target price of $122.83.
Honeywell International (NYSE:HON) opened at 107.43 on Monday. Honeywell International has a 52-week low of $93.71 and a 52-week high of $120.02. The stock has a market capitalization of $81.74 billion, a price-to-earnings ratio of 17.00 and a beta of 1.05. The company has a 50-day moving average of $114.49 and a 200-day moving average of $115.00.
Honeywell International (NYSE:HON) last released its quarterly earnings results on Friday, July 22nd. The company reported $1.66 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.64 by $0.02. The firm earned $9.78 billion during the quarter, compared to analysts’ expectations of $10.13 billion. Honeywell International had a return on equity of 26.84% and a net margin of 12.60%. Honeywell International’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.51 EPS. Equities research analysts expect that Honeywell International will post $6.68 EPS for the current year.
In other news, Vice Chairman Andreas Kramvis sold 1,850 shares of the company’s stock in a transaction on Thursday, July 28th. The stock was sold at an average price of $114.80, for a total transaction of $212,380.00. Following the completion of the sale, the insider now directly owns 66,441 shares of the company’s stock, valued at $7,627,426.80. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Jennifer H. Mak sold 277 shares of the company’s stock in a transaction on Friday, July 29th. The shares were sold at an average price of $115.54, for a total value of $32,004.58. Following the sale, the vice president now directly owns 420 shares of the company’s stock, valued at $48,526.80. The disclosure for this sale can be found here. Insiders own 1.83% of the company’s stock.
Several large investors have recently made changes to their positions in the stock. Vanguard Group Inc. increased its stake in shares of Honeywell International by 3.7% in the second quarter. Vanguard Group Inc. now owns 44,675,101 shares of the company’s stock valued at $5,196,607,000 after buying an additional 1,587,804 shares in the last quarter. State Street Corp increased its stake in shares of Honeywell International by 1.0% in the first quarter. State Street Corp now owns 27,915,988 shares of the company’s stock valued at $3,127,990,000 after buying an additional 264,413 shares in the last quarter. BlackRock Institutional Trust Company N.A. increased its stake in shares of Honeywell International by 0.8% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 20,359,376 shares of the company’s stock valued at $2,281,268,000 after buying an additional 161,354 shares in the last quarter. FMR LLC increased its stake in shares of Honeywell International by 2.7% in the second quarter. FMR LLC now owns 13,721,682 shares of the company’s stock valued at $1,596,106,000 after buying an additional 358,668 shares in the last quarter. Finally, BlackRock Fund Advisors increased its stake in shares of Honeywell International by 3.5% in the second quarter. BlackRock Fund Advisors now owns 8,980,272 shares of the company’s stock valued at $1,044,585,000 after buying an additional 303,034 shares in the last quarter. 76.50% of the stock is owned by institutional investors and hedge funds.
About Honeywell International
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.
Receive News & Ratings for Honeywell International Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Honeywell International Inc. and related companies with MarketBeat.com's FREE daily email newsletter.