Other research analysts have also recently issued research reports about the stock. Zacks Investment Research raised shares of Honeywell International from a hold rating to a buy rating and set a $127.00 target price for the company in a report on Monday, June 27th. Argus upped their price objective on Honeywell International from $125.00 to $130.00 and gave the company a buy rating in a research note on Tuesday, July 26th. Stifel Nicolaus lowered their price objective on Honeywell International from $129.00 to $125.00 and set a buy rating for the company in a research note on Monday, July 25th. Bank of America Corp. set a $132.00 price objective on Honeywell International and gave the company a buy rating in a research note on Monday, July 25th. Finally, Citigroup Inc. reaffirmed a buy rating and issued a $132.00 price objective on shares of Honeywell International in a research note on Thursday, June 30th. Six analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. Honeywell International currently has an average rating of Buy and an average price target of $122.70.
Shares of Honeywell International (NYSE:HON) traded up 1.04% during midday trading on Wednesday, hitting $108.55. 3,228,407 shares of the stock traded hands. Honeywell International has a 52 week low of $93.71 and a 52 week high of $120.02. The company has a market capitalization of $82.59 billion, a price-to-earnings ratio of 17.17 and a beta of 1.05. The firm’s 50-day moving average is $114.49 and its 200 day moving average is $115.00.
Honeywell International (NYSE:HON) last posted its earnings results on Friday, July 22nd. The company reported $1.66 EPS for the quarter, topping analysts’ consensus estimates 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 net margin of 12.60% and a return on equity of 26.84%. The business’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.51 earnings per share. Equities analysts forecast that Honeywell International will post $6.68 earnings per share for the current year.
In other Honeywell International news, VP Jennifer H. Mak sold 277 shares of Honeywell International stock in a transaction dated Friday, July 29th. The stock was sold at an average price of $115.54, for a total transaction of $32,004.58. Following the completion of the transaction, the vice president now owns 420 shares of the company’s stock, valued at approximately $48,526.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO David M. Cote sold 534,505 shares of Honeywell International stock in a transaction dated Friday, August 5th. The shares were sold at an average price of $116.15, for a total value of $62,082,755.75. Following the transaction, the chief executive officer now directly owns 700,000 shares of the company’s stock, valued at approximately $81,305,000. The disclosure for this sale can be found here. 1.83% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. American National Bank raised its position in Honeywell International by 112.0% in the second quarter. American National Bank now owns 956 shares of the company’s stock worth $111,000 after buying an additional 505 shares during the last quarter. First Personal Financial Services raised its position in Honeywell International by 128.1% in the second quarter. First Personal Financial Services now owns 974 shares of the company’s stock worth $113,000 after buying an additional 547 shares during the last quarter. Ironwood Financial llc bought a new position in Honeywell International during the first quarter worth $122,000. Bruderman Asset Management LLC raised its position in Honeywell International by 19.6% in the second quarter. Bruderman Asset Management LLC now owns 1,048 shares of the company’s stock worth $122,000 after buying an additional 172 shares during the last quarter. Finally, Cable Hill Partners LLC raised its position in Honeywell International by 364.0% in the second quarter. Cable Hill Partners LLC now owns 1,109 shares of the company’s stock worth $130,000 after buying an additional 870 shares during 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.
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