Honeywell International Price Target Raised to $97.00 at Sanford C. Bernstein (HON)
Equities research analysts at Sanford C. Bernstein hoisted their target price on shares of Honeywell International (NYSE:HON) from $95.00 to $97.00 in a research note issued to investors on Wednesday, AR Network reports. The firm currently has an “outperform” rating on the stock. Sanford C. Bernstein’s price objective would indicate a potential upside of 10.86% from the stock’s previous close.
In other Honeywell International news, VP Katherine L. Adams sold 8,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 23rd. The stock was sold at an average price of $86.40, for a total value of $691,200.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Honeywell International (NYSE:HON) opened at 87.50 on Wednesday. Honeywell International has a 52 week low of $57.16 and a 52 week high of $84.85. The stock’s 50-day moving average is $82.37 and its 200-day moving average is $78.17. The company has a market cap of $68.659 billion and a P/E ratio of 21.57.
Honeywell International (NYSE:HON) last posted its quarterly earnings results on Friday, October 18th. The company reported $1.24 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $1.24. The company had revenue of $9.60 billion for the quarter, compared to the consensus estimate of $9.92 billion. During the same quarter in the prior year, the company posted $1.20 earnings per share. The company’s quarterly revenue was up 3.3% on a year-over-year basis. On average, analysts predict that Honeywell International will post $4.95 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, December 10th. Investors of record on Thursday, November 21st will be paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 2.06%. The ex-dividend date is Tuesday, November 19th. This is an increase from Honeywell International’s previous quarterly dividend of $0.41.
A number of other analysts have also recently weighed in on HON. Analysts at William Blair raised their price target on shares of Honeywell International from $84.00 to $88.00 in a research note to investors on Monday, October 21st. They now have a “market perform” rating on the stock. Separately, analysts at Stifel Nicolaus raised their price target on shares of Honeywell International from $90.00 to $95.00 in a research note to investors on Monday, October 21st. They now have a “buy” rating on the stock. Finally, analysts at Oppenheimer raised their price target on shares of Honeywell International from $91.00 to $99.00 in a research note to investors on Monday, October 21st. They now have an “outperform” rating on the stock. Seven equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company. Honeywell International presently has an average rating of “Buy” and a consensus price target of $86.13.
Honeywell International Inc (NYSE:HON) is a diversified technology and manufacturing company, serving customers worldwide with aerospace products and services, control, sensing and security technologies for buildings, homes and industry, turbochargers, automotive products, specialty chemicals, electronic and advanced materials, process technology for refining and petrochemicals, and energy efficient products and solutions for homes, business and transportation.
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