Honeywell International Inc. (HON) Given “Hold” Rating at Credit Suisse Group AG
Honeywell International Inc. (NYSE:HON)‘s stock had its “hold” rating restated by investment analysts at Credit Suisse Group AG in a report released on Friday. They currently have a $113.35 target price on the stock. Credit Suisse Group AG’s price objective would suggest a potential downside of 1.95% from the stock’s previous close.
Several other research analysts also recently weighed in on the stock. Sanford C. Bernstein reissued an “outperform” rating on shares of Honeywell International in a research note on Monday, June 27th. Morgan Stanley reissued a “buy” rating and issued a $127.00 target price on shares of Honeywell International in a research note on Tuesday, September 6th. Bank of America Corp. set a $132.00 target price on shares of Honeywell International and gave the company a “buy” rating in a research note on Monday, July 25th. Zacks Investment Research downgraded shares of Honeywell International from a “buy” rating to a “hold” rating in a research note on Wednesday, July 27th. Finally, Citigroup Inc. reissued a “buy” rating and issued a $132.00 target price on shares of Honeywell International in a research note on Thursday, June 30th. Six analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $122.95.
Shares of Honeywell International (NYSE:HON) traded down 7.52% during mid-day trading on Friday, hitting $106.92. 8,916,846 shares of the stock traded hands. Honeywell International has a one year low of $93.71 and a one year high of $120.02. The stock has a 50 day moving average price of $115.59 and a 200-day moving average price of $115.16. The company has a market cap of $81.35 billion, a P/E ratio of 16.92 and a beta of 1.05.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/10/07/honeywell-international-inc-hon-given-hold-rating-at-credit-suisse-group-ag-2.html
Honeywell International (NYSE:HON) last announced its earnings results on Friday, July 22nd. The company reported $1.66 earnings per share for the quarter, beating 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 earned $9.78 billion during the quarter, compared to the consensus estimate of $10.13 billion. During the same quarter in the previous year, the company posted $1.51 EPS. The firm’s revenue for the quarter was up 2.2% on a year-over-year basis. On average, analysts forecast that Honeywell International will post $6.68 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 9th. Investors of record on Friday, August 19th were paid a $0.595 dividend. This represents a $2.38 annualized dividend and a dividend yield of 2.06%. The ex-dividend date of this dividend was Wednesday, August 17th. Honeywell International’s dividend payout ratio is currently 37.66%.
In related news, Vice Chairman Andreas Kramvis sold 1,850 shares of the business’s stock in a transaction on Thursday, July 28th. The shares were sold at an average price of $114.80, for a total value of $212,380.00. Following the completion of the transaction, the insider now directly owns 66,441 shares in the company, valued at approximately $7,627,426.80. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Timothy O. Mahoney sold 600 shares of the business’s stock in a transaction on Thursday, August 4th. The shares were sold at an average price of $116.29, for a total transaction of $69,774.00. Following the completion of the transaction, the insider now owns 68,398 shares of the company’s stock, valued at $7,954,003.42. The disclosure for this sale can be found here. 1.83% of the stock is currently owned by corporate insiders.
Several institutional investors have recently bought and sold shares of the stock. American National Bank boosted its position in Honeywell International by 112.0% in the second quarter. American National Bank now owns 956 shares of the company’s stock valued at $111,000 after buying an additional 505 shares in the last quarter. First Personal Financial Services boosted 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 in the last quarter. Bruderman Asset Management LLC boosted 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 in the last quarter. Ironwood Financial llc bought a new position in Honeywell International during the first quarter worth $122,000. Finally, Cable Hill Partners LLC boosted 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 in the last quarter. Hedge funds and other institutional investors own 76.50% of the company’s stock.
Honeywell International Company Profile
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.
Receive News & Ratings for Honeywell International Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Honeywell International Inc. and related companies with MarketBeat.com's FREE daily email newsletter.