Honeywell International (HON) – Research Analysts’ Recent Ratings Changes

A number of firms have modified their ratings and price targets on shares of Honeywell International (NYSE: HON) recently:

  • 8/8/2017 – Honeywell International had its “outperform” rating reaffirmed by analysts at Cowen and Company. They now have a $150.00 price target on the stock, up previously from $140.00.
  • 8/6/2017 – Honeywell International was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 7/31/2017 – Honeywell International was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 7/25/2017 – Honeywell International had its “neutral” rating reaffirmed by analysts at Credit Suisse Group. They now have a $139.00 price target on the stock, up previously from $131.00.
  • 7/24/2017 – Honeywell International had its price target raised by analysts at Royal Bank Of Canada from $145.00 to $148.00. They now have an “outperform” rating on the stock.
  • 7/24/2017 – Honeywell International had its price target raised by analysts at Oppenheimer Holdings, Inc. from $148.00 to $155.00. They now have an “outperform” rating on the stock.
  • 7/24/2017 – Honeywell International had its “buy” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $155.00 price target on the stock, up previously from $141.00.
  • 7/20/2017 – Honeywell International was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $151.00 price target on the stock. According to Zacks, “Honeywell’s diversified business portfolio has the potential to earn consistent above-average returns and mitigate operating risks through a balanced organic and inorganic model. A diligent focus on working capital management, free cash flow generation and a conservative balance sheet remain key positives. With a flexible yet disciplined focus on cost and productivity, Honeywell remains focused on increasing its presence in high-growth regions. The company has earmarked $300 million for restructuring efforts to drive further margin expansion. Earnings for 2017 are expected to be up 7–10% year over year to $6.90–$7.10 per share on favorable growth dynamics. The company also outperformed the industry year to date. However, adverse foreign currency translations, high R&D expenses to fend off competition and volatility in commodity prices related to the Brexit referendum are likely to peg back its growth momentum to some extent.”
  • 7/18/2017 – Honeywell International was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Honeywell’s diversified business portfolio has the potential to earn consistent above-average returns and mitigate operating risks through a balanced organic and inorganic model. A diligent focus on working capital management, free cash flow generation and a conservative balance sheet remain key positives. Earnings for 2017 are expected to be up 7–10% year over year to $6.90–$7.10 per share on favourable growth dynamics. The company also outperformed the industry year to date. However, adverse foreign currency translations, high R&D expenses to fend off competition and volatility in commodity prices related to the Brexit referendum are likely to peg back its growth momentum to some extent. Honeywell also expects a tepid demand pattern for its business jets and mobile scanners in 2017 due to sluggish global growth, volatility in crude oil prices and a tempered Chinese economy.”
  • 7/17/2017 – Honeywell International had its “buy” rating reaffirmed by analysts at Cowen and Company. They now have a $140.00 price target on the stock. They wrote, “HON’s in line Q2 ops and C17 guidance hike mark another strong Q under new CEO.””
  • 6/28/2017 – Honeywell International was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $150.00 price target on the stock. According to Zacks, “Honeywell’s diversified business portfolio has the potential to earn consistent above-average returns and mitigate operating risks through a balanced organic and inorganic model. With a flexible yet disciplined focus on cost and productivity, Honeywell remains focused on increasing its presence in high-growth regions. Additionally, the company is building a robust pipeline of new products and has regularly fine-tuned its portfolio to focus on core businesses. A diligent focus on working capital management, free cash flow generation and a conservative balance sheet remain key positives. Earnings for 2017 are expected to be up 7–10% year over year to $6.90–$7.10 per share on favourable growth dynamics. The company also outperformed the industry year to date. However, adverse foreign currency translations and volatility in commodity prices related to Brexit are likely to peg back its growth momentum to some extent.”
  • 6/28/2017 – Honeywell International was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 6/22/2017 – Honeywell International had its “overweight” rating reaffirmed by analysts at Morgan Stanley. They now have a $141.00 price target on the stock, up previously from $137.00.
  • 6/21/2017 – Honeywell International is now covered by analysts at HSBC Holdings plc. They set a “buy” rating and a $147.00 price target on the stock.
  • 6/21/2017 – Honeywell International was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.

Honeywell International Inc. (NYSE HON) opened at 137.24 on Friday. The firm has a market cap of $104.38 billion, a P/E ratio of 21.28 and a beta of 0.94. Honeywell International Inc. has a 12-month low of $105.25 and a 12-month high of $140.21. The firm’s 50-day moving average is $135.86 and its 200 day moving average is $129.28.

Honeywell International (NYSE:HON) last released its quarterly earnings results on Friday, July 21st. The conglomerate reported $1.80 earnings per share for the quarter, beating the consensus estimate of $1.78 by $0.02. The business had revenue of $10.08 billion for the quarter, compared to analysts’ expectations of $9.89 billion. Honeywell International had a net margin of 12.68% and a return on equity of 26.60%. The firm’s revenue for the quarter was up .9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.70 earnings per share. Equities analysts forecast that Honeywell International Inc. will post $7.10 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 8th. Investors of record on Friday, August 18th will be issued a $0.665 dividend. This represents a $2.66 annualized dividend and a yield of 1.94%. The ex-dividend date is Wednesday, August 16th. Honeywell International’s dividend payout ratio (DPR) is currently 41.24%.

In related news, insider Timothy O. Mahoney sold 341,701 shares of Honeywell International stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $138.08, for a total value of $47,182,074.08. Following the sale, the insider now owns 294,155 shares in the company, valued at $40,616,922.40. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Thomas A. Szlosek sold 803 shares of Honeywell International stock in a transaction on Monday, July 31st. The shares were sold at an average price of $137.02, for a total transaction of $110,027.06. Following the completion of the sale, the chief financial officer now owns 5,702 shares in the company, valued at approximately $781,288.04. The disclosure for this sale can be found here. In the last quarter, insiders sold 473,229 shares of company stock worth $64,546,642. 1.56% of the stock is currently owned by company insiders.

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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