Honeywell International Inc. (HON) Receives Consensus Rating of “Buy” from Analysts
Honeywell International Inc. (NYSE:HON) has been assigned an average recommendation of “Buy” from the twenty-three research firms that are covering the firm. Five analysts have rated the stock with a hold rating and sixteen have issued a buy rating on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $122.91.
HON has been the topic of a number of recent research reports. Zacks Investment Research raised 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 reissued an “outperform” rating on shares of Honeywell International in a research report on Monday, June 27th. Morgan Stanley reissued a “buy” rating and set a $126.00 target price on shares of Honeywell International in a research report on Thursday, June 30th. Citigroup Inc. reissued a “buy” rating and set a $132.00 target price on shares of Honeywell International in a research report on Thursday, June 30th. Finally, Credit Suisse Group AG reissued a “hold” rating on shares of Honeywell International in a research report on Saturday, July 9th.
In related news, CEO David M. Cote sold 534,505 shares of the company’s stock in a transaction dated Friday, August 5th. The shares were sold at an average price of $116.15, for a total value of $62,082,755.75. Following the completion of the sale, the chief executive officer now owns 700,000 shares of the company’s stock, valued at $81,305,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Darius Adamczyk sold 13,985 shares of the company’s stock in a transaction dated Friday, August 12th. The stock was sold at an average price of $116.18, for a total transaction of $1,624,777.30. Following the completion of the sale, the chief operating officer now directly owns 14,266 shares of the company’s stock, valued at approximately $1,657,423.88. The disclosure for this sale can be found here. 1.83% of the stock is currently owned by corporate insiders.
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A number of large investors have recently bought and sold shares of HON. Vanguard Group Inc. increased 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 increased 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. increased 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 increased 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 increased 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 owned by institutional investors and hedge funds.
Honeywell International (NYSE:HON) traded up 1.423% on Wednesday, hitting $107.285. 3,438,210 shares of the company were exchanged. Honeywell International has a 52-week low of $93.71 and a 52-week high of $120.02. The firm has a 50 day moving average of $114.76 and a 200-day moving average of $115.05. The stock has a market cap of $81.63 billion, a PE ratio of 16.973 and a beta of 1.05.
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, beating analysts’ consensus estimates of $1.64 by $0.02. The firm had revenue of $9.78 billion for the quarter, compared to analysts’ expectations 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 was up 2.2% compared to the same quarter last year. During the same period in the previous year, the company posted $1.51 earnings per share. On average, equities analysts expect that Honeywell International will post $6.68 earnings per share for the current fiscal year.
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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