Honeywell International Inc. (HON) Earns Outperform Rating from RBC Capital Markets
Honeywell International Inc. (NYSE:HON)‘s stock had its “outperform” rating reiterated by stock analysts at RBC Capital Markets in a research report issued on Monday. They currently have a $133.00 target price on the stock, down from their previous target price of $138.00. RBC Capital Markets’ price objective indicates a potential upside of 24.53% from the company’s previous close.
Several other analysts have also issued reports on HON. Zacks Investment Research upgraded Honeywell International from a “hold” rating to a “buy” rating and set a $127.00 price objective for the company in a report on Monday, June 27th. Sanford C. Bernstein reiterated an “outperform” rating on shares of Honeywell International in a report on Monday, June 27th. Morgan Stanley reiterated a “buy” rating and set a $126.00 price objective on shares of Honeywell International in a report on Thursday, June 30th. Citigroup Inc. reiterated a “buy” rating and set a $132.00 price objective on shares of Honeywell International in a report on Thursday, June 30th. Finally, Credit Suisse Group AG reiterated a “hold” rating on shares of Honeywell International in a report on Saturday, July 9th. Six research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. Honeywell International currently has a consensus rating of “Buy” and an average target price of $123.26.
Honeywell International (NYSE:HON) traded down 0.13% during mid-day trading on Monday, hitting $106.80. The stock had a trading volume of 8,423,126 shares. The stock has a market cap of $81.26 billion, a price-to-earnings ratio of 16.90 and a beta of 1.05. Honeywell International has a 12-month low of $93.71 and a 12-month high of $120.02. The company has a 50-day moving average of $115.07 and a 200-day moving average of $115.12.
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Honeywell International (NYSE:HON) last announced its quarterly earnings data on Friday, July 22nd. The company reported $1.66 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.64 by $0.02. Honeywell International had a return on equity of 26.84% and a net margin of 12.60%. The business earned $9.78 billion during the quarter, compared to analyst estimates of $10.13 billion. During the same period last year, the company earned $1.51 earnings per share. Honeywell International’s quarterly revenue was up 2.2% compared to the same quarter last year. On average, analysts anticipate that Honeywell International will post $6.68 earnings per share for the current fiscal year.
In other news, insider Timothy O. Mahoney sold 600 shares of Honeywell International stock in a transaction that occurred on Thursday, August 4th. The shares were sold at an average price of $116.29, for a total value of $69,774.00. Following the completion of the transaction, the insider now owns 68,398 shares in the company, valued at $7,954,003.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Katherine L. Adams sold 108,712 shares of Honeywell International stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $26,074,668.90. The disclosure for this sale can be found here. 1.83% of the stock is currently owned by insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Emerald Acquisition Ltd. bought a new stake in shares of Honeywell International during the second quarter worth $351,643,000. Vanguard Group Inc. raised its stake in shares of Honeywell International by 3.7% in the second quarter. Vanguard Group Inc. now owns 44,675,101 shares of the company’s stock worth $5,196,607,000 after buying an additional 1,587,804 shares in the last quarter. UBS Asset Management Americas Inc. raised its stake in shares of Honeywell International by 92.4% in the second quarter. UBS Asset Management Americas Inc. now owns 3,223,146 shares of the company’s stock worth $374,917,000 after buying an additional 1,547,970 shares in the last quarter. Boston Partners raised its stake in shares of Honeywell International by 49.6% in the second quarter. Boston Partners now owns 3,319,023 shares of the company’s stock worth $386,068,000 after buying an additional 1,100,961 shares in the last quarter. Finally, Investec Asset Management LTD raised its stake in shares of Honeywell International by 79.9% in the first quarter. Investec Asset Management LTD now owns 2,069,606 shares of the company’s stock worth $231,899,000 after buying an additional 918,891 shares in the last quarter. 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.
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