Honeywell International Inc. (HON) Given a $128.00 Price Target at Barclays PLC
Honeywell International Inc. (NYSE:HON) has been assigned a $128.00 target price by Barclays PLC in a research report issued to clients and investors on Wednesday. The firm presently has a a “buy” rating on the stock. Barclays PLC’s price target would indicate a potential upside of 19.15% from the stock’s current price.
Other equities research analysts have also recently issued reports about the stock. Credit Suisse Group AG reissued a “hold” rating on shares of Honeywell International in a research report on Saturday, July 9th. Oppenheimer Holdings Inc. reissued an “outperform” rating and issued a $128.00 price objective on shares of Honeywell International in a research report on Monday, July 25th. Zacks Investment Research raised shares of Honeywell International from a “hold” rating to a “buy” rating and set a $127.00 price target for the company in a research report on Monday, June 27th. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $135.00 price target on shares of Honeywell International in a research report on Monday, July 25th. Finally, Morgan Stanley upped their price target on shares of Honeywell International from $129.00 to $130.00 and gave the stock an “overweight” rating in a research report on Monday, July 25th. Six investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. Honeywell International has a consensus rating of “Buy” and a consensus target price of $122.70.
Shares of Honeywell International (NYSE:HON) traded up 1.066% during midday trading on Wednesday, reaching $108.575. 3,369,690 shares of the company traded hands. The company has a 50 day moving average price of $114.49 and a 200 day moving average price of $115.00. The company has a market capitalization of $82.61 billion, a PE ratio of 17.177 and a beta of 1.05. Honeywell International has a 1-year low of $93.71 and a 1-year high of $120.02.
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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 (EPS) for the quarter, beating the consensus estimate of $1.64 by $0.02. The company earned $9.78 billion during 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%. The firm’s quarterly revenue was up 2.2% on a year-over-year basis. During the same period in the previous year, the company earned $1.51 EPS. On average, analysts expect that Honeywell International will post $6.68 earnings per share for the current year.
In other Honeywell International news, Vice Chairman Andreas Kramvis sold 1,850 shares of the stock in a transaction on 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 directly owns 66,441 shares of the company’s stock, valued at $7,627,426.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 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 transaction of $12,624,724.56. Following the transaction, the senior vice president now directly owns 224,530 shares in the company, valued at $26,074,668.90. The disclosure for this sale can be found here. Corporate insiders own 1.83% of the company’s stock.
A number of institutional investors have recently bought and sold shares of HON. Emerald Acquisition Ltd. bought a new position in Honeywell International during the second quarter valued at about $351,643,000. Vanguard Group Inc. increased its position in Honeywell International by 3.7% in the second quarter. Vanguard Group Inc. now owns 44,675,101 shares of the company’s stock valued at $5,196,607,000 after buying an additional 1,587,804 shares during the last quarter. UBS Asset Management Americas Inc. increased its position in 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 valued at $374,917,000 after buying an additional 1,547,970 shares during the last quarter. Boston Partners increased its position in Honeywell International by 49.6% in the second quarter. Boston Partners now owns 3,319,023 shares of the company’s stock valued at $386,068,000 after buying an additional 1,100,961 shares during the last quarter. Finally, Investec Asset Management LTD increased its position 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 valued at $231,899,000 after buying an additional 918,891 shares during the last quarter. 76.50% of the stock is currently owned by institutional investors and hedge funds.
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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