Honeywell International’s (HON) Buy Rating Reaffirmed at Argus
Honeywell International Inc. (NYSE:HON)‘s stock had its “buy” rating restated by equities research analysts at Argus in a research note issued on Wednesday.
HON has been the topic of several other research reports. Morgan Stanley reiterated a “buy” rating and issued a $127.00 price target on shares of Honeywell International in a research note on Tuesday, September 6th. Deutsche Bank AG reiterated a “buy” rating and issued a $113.00 price target on shares of Honeywell International in a research note on Thursday, August 25th. Bank of America Corp. reiterated a “buy” rating and issued a $125.00 price target on shares of Honeywell International in a research note on Friday, October 7th. Citigroup Inc. cut their price target on Honeywell International from $131.25 to $128.00 and set a “buy” rating on the stock in a research note on Monday. Finally, Sanford C. Bernstein reiterated an “outperform” rating and issued a $135.00 price target on shares of Honeywell International in a research note on Wednesday, July 6th. Six equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. Honeywell International currently has an average rating of “Buy” and an average target price of $122.83.
Honeywell International (NYSE:HON) traded up 1.56% on Wednesday, hitting $107.43. The stock had a trading volume of 7,245,113 shares. The firm has a market cap of $81.74 billion, a PE ratio of 17.00 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’s 50 day moving average is $114.49 and its 200 day moving average is $115.00.
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Honeywell International (NYSE:HON) last issued its quarterly earnings data on Friday, July 22nd. The company reported $1.66 EPS for the quarter, topping the Zacks’ consensus estimate of $1.64 by $0.02. The company had revenue of $9.78 billion for the quarter, compared to analysts’ expectations of $10.13 billion. Honeywell International had a return on equity of 26.84% and a net margin of 12.60%. The firm’s quarterly revenue was up 2.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.51 earnings per share. On average, equities research analysts expect 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 stock was 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 owns 420 shares in the company, valued at approximately $48,526.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Katherine L. Adams sold 108,712 shares of the stock in a transaction on Monday, August 15th. The shares were sold at an average price of $116.13, for a total value of $12,624,724.56. Following the sale, 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. Insiders own 1.83% of the company’s stock.
Several large investors have recently made changes to their positions in the stock. Emerald Acquisition Ltd. bought a new stake in shares of Honeywell International during the second quarter worth approximately $351,643,000. 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 period. UBS Asset Management Americas Inc. increased 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 during the period. Boston Partners increased 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 during the period. Finally, Investec Asset Management LTD raised its stake in 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 during the last quarter. 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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