Honeywell International Inc. (NYSE:HON)‘s stock had its “outperform” rating reiterated by stock analysts at Oppenheimer Holdings Inc. in a research note issued on Wednesday. They presently have a $122.00 price target on the stock, down from their previous price target of $128.00. Oppenheimer Holdings Inc.’s price objective indicates a potential upside of 12.69% from the stock’s previous close.
A number of other equities research analysts have also issued reports on the stock. Morgan Stanley reissued an “overweight” rating and set a $124.00 target price (down previously from $127.00) on shares of Honeywell International in a research note on Monday. RBC Capital Markets reissued an “outperform” rating and set a $133.00 target price (down previously from $138.00) on shares of Honeywell International in a research note on Monday. Sanford C. Bernstein reissued an “outperform” rating and set a $135.00 target price on shares of Honeywell International in a research note on Wednesday, July 6th. Credit Suisse Group AG reissued a “neutral” rating and set a $114.00 target price on shares of Honeywell International in a research note on Monday, July 25th. Finally, Citigroup Inc. decreased their target price on shares of Honeywell International from $131.25 to $128.00 and set a “buy” rating for the company in a research note on Monday. Five analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. Honeywell International presently has a consensus rating of “Buy” and a consensus target price of $122.70.
Shares of Honeywell International (NYSE:HON) opened at 108.26 on Wednesday. The firm has a market capitalization of $82.37 billion, a P/E ratio of 17.13 and a beta of 1.05. Honeywell International has a 52 week low of $93.71 and a 52 week high of $120.02. The stock’s 50 day moving average price is $114.25 and its 200 day moving average price is $114.95.
Honeywell International (NYSE:HON) last posted its quarterly earnings data on Friday, July 22nd. The company reported $1.66 earnings per share for the quarter, topping the consensus estimate of $1.64 by $0.02. Honeywell International had a net margin of 12.60% and a return on equity of 26.84%. The firm had revenue of $9.78 billion for the quarter, compared to analysts’ expectations of $10.13 billion. During the same period in the previous year, the company posted $1.51 EPS. The company’s quarterly revenue was up 2.2% compared to the same quarter last year. On average, analysts predict that Honeywell International will post $6.68 EPS for the current fiscal year.
In other Honeywell International news, VP Jennifer H. Mak sold 277 shares of the business’s stock in a transaction dated Friday, July 29th. The shares were sold at an average price of $115.54, for a total value of $32,004.58. Following the transaction, the vice president now directly owns 420 shares in the company, valued at $48,526.80. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Katherine L. Adams sold 108,712 shares of the business’s stock in a transaction dated Monday, August 15th. The shares were sold at an average price of $116.13, for a total transaction of $12,624,724.56. Following the completion of the transaction, the senior vice president now owns 224,530 shares in the company, valued at $26,074,668.90. The disclosure for this sale can be found here. 1.83% of the stock is currently owned by corporate insiders.
Institutional investors have recently added to or reduced their stakes in 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 period. First Personal Financial Services raised its position in shares of 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 shares of Honeywell International during the first quarter worth about $122,000. Bruderman Asset Management LLC raised its position in shares of 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 shares of 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. Hedge funds and other institutional investors own 76.50% of the company’s stock.
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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