Honeywell International Inc. (HON) Price Target Cut to $128.00
Honeywell International Inc. (NYSE:HON) had its price target decreased by research analysts at Citigroup Inc. from $131.25 to $128.00 in a research report issued on Monday. The brokerage presently has a “buy” rating on the stock. Citigroup Inc.’s price objective would indicate a potential upside of 19.69% from the stock’s previous close.
Several other equities research analysts have also recently 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 target on the stock in a research report on Monday, June 27th. Sanford C. Bernstein restated an “outperform” rating on shares of Honeywell International in a research report on Monday, June 27th. Morgan Stanley restated a “buy” rating and issued a $126.00 price target on shares of Honeywell International in a research report on Thursday, June 30th. Credit Suisse Group AG reaffirmed a “hold” rating on shares of Honeywell International in a research note on Saturday, July 9th. Finally, Barclays PLC lifted their price objective on shares of Honeywell International from $127.00 to $131.00 and gave the stock an “overweight” rating in a research note on Monday, July 25th. Six analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $122.95.
Shares of Honeywell International (NYSE:HON) traded up 0.02% during midday trading on Monday, reaching $106.96. 6,121,872 shares of the company’s stock traded hands. The company has a 50-day moving average of $115.34 and a 200-day moving average of $115.12. Honeywell International has a one year low of $93.71 and a one year high of $120.02. The company has a market capitalization of $81.38 billion, a price-to-earnings ratio of 16.92 and a beta of 1.05.
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Honeywell International (NYSE:HON) last announced its quarterly earnings results 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. Honeywell International had a net margin of 12.60% and a return on equity of 26.84%. The company had revenue of $9.78 billion for the quarter, compared to analysts’ expectations of $10.13 billion. During the same quarter in the previous year, the business posted $1.51 earnings per share. Honeywell International’s quarterly revenue was up 2.2% on a year-over-year basis. Equities research analysts anticipate that Honeywell International will post $6.68 EPS for the current year.
In other news, insider Timothy O. Mahoney sold 600 shares of the company’s stock in a transaction dated Thursday, August 4th. The shares were sold at an average price of $116.29, for a total transaction of $69,774.00. Following 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 SEC, which is accessible through this hyperlink. Also, Vice Chairman Andreas Kramvis sold 1,850 shares of the company’s stock in a transaction dated Thursday, July 28th. The shares were sold at an average price of $114.80, for a total transaction of $212,380.00. Following the transaction, the insider now owns 66,441 shares in the company, valued at approximately $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 institutional investors have recently bought and sold shares of HON. American National Bank increased 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 during the period. First Personal Financial Services increased 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 valued at $113,000 after buying an additional 547 shares during the period. Ironwood Financial llc bought a new position in Honeywell International during the first quarter valued at about $122,000. Bruderman Asset Management LLC increased 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 valued at $122,000 after buying an additional 172 shares during the period. Finally, Cable Hill Partners LLC increased 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 valued at $130,000 after buying an additional 870 shares during the period. Hedge funds and other 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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