Royal Bank Of Canada Cuts Honeywell International Inc. (HON) Price Target to $133.00
Honeywell International Inc. (NYSE:HON) had its price objective decreased by analysts at Royal Bank Of Canada from $138.00 to $133.00 in a research note issued on Monday. The firm currently has an “outperform” rating on the stock. Royal Bank Of Canada’s target price points to a potential upside of 24.37% from the stock’s previous close.
A number of other equities analysts also recently issued reports on the company. Sanford C. Bernstein reissued an “outperform” rating on shares of Honeywell International in a research note on Monday, June 27th. Bank of America Corp. set a $132.00 target price on Honeywell International and gave the stock a “buy” rating in a research note on Monday, July 25th. Morgan Stanley reissued a “buy” rating and set a $127.00 target price on shares of Honeywell International in a research note on Tuesday, September 6th. Credit Suisse Group AG reissued a “hold” rating and set a $113.35 target price on shares of Honeywell International in a research note on Friday. Finally, Zacks Investment Research downgraded Honeywell International from a “buy” rating to a “hold” rating in a research note on Wednesday, July 27th. Six investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. Honeywell International has an average rating of “Buy” and an average price target of $123.14.
Honeywell International (NYSE:HON) opened at 106.94 on Monday. The firm’s 50-day moving average price is $115.34 and its 200-day moving average price is $115.12. Honeywell International has a 1-year low of $93.71 and a 1-year high of $120.02. The firm has a market cap of $81.37 billion, a price-to-earnings ratio of 16.92 and a beta of 1.05.
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Honeywell International (NYSE:HON) last posted its quarterly earnings data on Friday, July 22nd. The company reported $1.66 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.64 by $0.02. The firm earned $9.78 billion during the quarter, compared to the consensus estimate of $10.13 billion. Honeywell International had a return on equity of 26.84% and a net margin of 12.60%. The firm’s revenue was up 2.2% compared to the same quarter last year. During the same period in the prior year, the business earned $1.51 EPS. On average, equities research analysts anticipate that Honeywell International will post $6.68 earnings per share for the current year.
In other Honeywell International news, VP Jennifer H. Mak sold 277 shares of the firm’s stock in a transaction dated Friday, July 29th. The stock was sold at an average price of $115.54, for a total value of $32,004.58. Following the transaction, the vice president now directly owns 420 shares of the company’s stock, valued at $48,526.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Vice Chairman Andreas Kramvis sold 1,850 shares of the firm’s stock in a transaction dated 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 $7,627,426.80. The disclosure for this sale can be found here. 1.83% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HON. 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 during the last quarter. State Street Corp raised its stake in shares of Honeywell International by 1.0% in the first quarter. State Street Corp now owns 27,915,988 shares of the company’s stock worth $3,127,990,000 after buying an additional 264,413 shares during the last quarter. BlackRock Institutional Trust Company N.A. raised its stake in shares of Honeywell International by 0.8% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 20,359,376 shares of the company’s stock worth $2,281,268,000 after buying an additional 161,354 shares during the last quarter. FMR LLC raised its stake in shares of Honeywell International by 2.7% in the second quarter. FMR LLC now owns 13,721,682 shares of the company’s stock worth $1,596,106,000 after buying an additional 358,668 shares during the last quarter. Finally, BlackRock Fund Advisors raised its stake in shares of Honeywell International by 3.5% in the second quarter. BlackRock Fund Advisors now owns 8,980,272 shares of the company’s stock worth $1,044,585,000 after buying an additional 303,034 shares during the last quarter. 76.50% of the stock is currently owned by institutional investors.
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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