Honeywell International Inc. (NYSE:HON) has been assigned an average rating of “Buy” from the sixteen ratings firms that are presently covering the stock. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and fourteen have issued a buy rating on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $129.56.
Several equities research analysts have commented on HON shares. Zacks Investment Research upgraded Honeywell International from a “hold” rating to a “buy” rating and set a $142.00 price objective for the company in a research note on Tuesday, March 14th. Argus reiterated a “buy” rating and set a $135.00 price objective on shares of Honeywell International in a research note on Tuesday, January 31st. Royal Bank of Canada reiterated a “buy” rating and set a $144.00 price objective on shares of Honeywell International in a research note on Tuesday, April 11th. Credit Suisse Group AG restated a “hold” rating and issued a $115.00 price target on shares of Honeywell International in a research report on Tuesday, April 11th. Finally, Robert W. Baird restated an “outperform” rating and issued a $132.00 price target on shares of Honeywell International in a research report on Friday, January 20th.
Shares of Honeywell International (NYSE:HON) traded up 2.67% during mid-day trading on Tuesday, reaching $127.08. The company’s stock had a trading volume of 6,281,786 shares. The firm has a market cap of $96.73 billion, a P/E ratio of 20.50 and a beta of 0.94. Honeywell International has a 12-month low of $105.25 and a 12-month high of $128.30. The firm’s 50-day moving average price is $125.11 and its 200 day moving average price is $117.96.
Honeywell International (NYSE:HON) last posted its quarterly earnings data on Friday, April 21st. The conglomerate reported $1.66 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.62 by $0.04. Honeywell International had a return on equity of 26.79% and a net margin of 12.07%. The company earned $9.49 billion during the quarter, compared to analyst estimates of $9.33 billion. During the same period in the previous year, the business earned $1.56 EPS. Honeywell International’s quarterly revenue was down .3% on a year-over-year basis. On average, analysts expect that Honeywell International will post $7.04 EPS for the current year.
Large investors have recently made changes to their positions in the stock. State Street Corp increased its stake in shares of Honeywell International by 4.4% in the fourth quarter. State Street Corp now owns 30,884,640 shares of the conglomerate’s stock worth $3,577,992,000 after buying an additional 1,313,465 shares during the last quarter. Morgan Stanley increased its stake in Honeywell International by 4.1% in the third quarter. Morgan Stanley now owns 11,693,854 shares of the conglomerate’s stock worth $1,363,390,000 after buying an additional 455,732 shares during the last quarter. BlackRock Fund Advisors increased its stake in Honeywell International by 3.1% in the third quarter. BlackRock Fund Advisors now owns 9,259,195 shares of the conglomerate’s stock worth $1,079,530,000 after buying an additional 278,923 shares during the last quarter. Franklin Resources Inc. increased its stake in Honeywell International by 5.4% in the fourth quarter. Franklin Resources Inc. now owns 6,563,245 shares of the conglomerate’s stock worth $760,354,000 after buying an additional 337,250 shares during the last quarter. Finally, Fiduciary Management Inc. WI increased its stake in Honeywell International by 59.8% in the fourth quarter. Fiduciary Management Inc. WI now owns 5,038,398 shares of the conglomerate’s stock worth $583,698,000 after buying an additional 1,885,005 shares during the last quarter. Hedge funds and other institutional investors own 76.17% of the company’s stock.
Honeywell International Company Profile
Honeywell International Inc is a technology and manufacturing company. The Company operates through four segments: Aerospace, Home and Building Technologies, Performance Materials and Technologies, and Safety and Productivity Solutions. The Company’s Aerospace segment supplies products, software and services for aircraft and vehicles that it sells to original equipment manufacturers (OEMs) and other customers.
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