Honeywell International Inc. (HON) Given Overweight Rating at Morgan Stanley
Honeywell International Inc. (NYSE:HON)‘s stock had its “overweight” rating reaffirmed by equities research analysts at Morgan Stanley in a note issued to investors on Monday. They currently have a $124.00 target price on the stock, down from their prior target price of $127.00. Morgan Stanley’s price objective would indicate a potential upside of 16.10% from the stock’s previous close.
Several other research analysts have also weighed in on HON. Zacks Investment Research upgraded shares of Honeywell International from a “hold” rating to a “buy” rating and set a $127.00 price objective on the stock in a research note on Monday, June 27th. Sanford C. Bernstein restated an “outperform” rating on shares of Honeywell International in a research note on Monday, June 27th. Citigroup Inc. restated a “buy” rating and set a $132.00 price objective on shares of Honeywell International in a research note on Thursday, June 30th. Credit Suisse Group AG reiterated a “hold” rating on shares of Honeywell International in a research note on Saturday, July 9th. Finally, Barclays PLC upped their price target on shares of Honeywell International from $127.00 to $131.00 and gave the company an “overweight” rating in a research note on Monday, July 25th. Six analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $123.26.
Shares of Honeywell International (NYSE:HON) traded down 0.13% on Monday, reaching $106.80. 8,423,126 shares of the company’s stock were exchanged. The company 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 firm’s 50-day moving average price is $115.07 and its 200 day moving average price is $115.12.
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Honeywell International (NYSE:HON) last released its quarterly earnings data on Friday, July 22nd. The company reported $1.66 earnings per share for the quarter, topping the consensus estimate of $1.64 by $0.02. The company had revenue of $9.78 billion for the quarter, compared to analyst estimates of $10.13 billion. Honeywell International had a net margin of 12.60% and a return on equity of 26.84%. Honeywell International’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.51 EPS. Equities research analysts predict that Honeywell International will post $6.68 EPS for the current fiscal year.
In other news, VP Jennifer H. Mak sold 277 shares of the stock in a transaction on Friday, July 29th. The shares were sold at an average price of $115.54, for a total transaction of $32,004.58. Following the completion of the sale, the vice president now directly owns 420 shares in the company, valued at $48,526.80. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Vice Chairman Andreas Kramvis sold 1,850 shares of the stock in a transaction on Thursday, July 28th. The stock was sold at an average price of $114.80, for a total transaction of $212,380.00. Following the sale, the insider now owns 66,441 shares of the company’s stock, valued at $7,627,426.80. The disclosure for this sale can be found here. 1.83% of the stock is currently owned by company insiders.
Several large investors have recently bought and sold shares of the company. American National Bank boosted its stake 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 during the period. First Personal Financial Services boosted its stake in Honeywell International by 128.1% in the second quarter. First Personal Financial Services now owns 974 shares of the company’s stock valued at $113,000 after buying an additional 547 shares during the period. Bruderman Asset Management LLC boosted its stake in Honeywell International by 19.6% in the second quarter. Bruderman Asset Management LLC now owns 1,048 shares of the company’s stock valued at $122,000 after buying an additional 172 shares during the period. Ironwood Financial llc purchased a new stake in Honeywell International during the first quarter valued at $122,000. Finally, Cable Hill Partners LLC boosted its stake in Honeywell International by 364.0% in the second quarter. Cable Hill Partners LLC now owns 1,109 shares of the company’s stock valued at $130,000 after buying an additional 870 shares during the period. Institutional investors own 76.50% of the company’s stock.
About Honeywell International
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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