Honeywell International Inc. (NYSE:HON) Given New $155.00 Price Target at Oppenheimer Holdings, Inc.
Honeywell International Inc. (NYSE:HON) had its target price upped by investment analysts at Oppenheimer Holdings, Inc. from $148.00 to $155.00 in a research note issued on Monday. The firm presently has an “outperform” rating on the conglomerate’s stock. Oppenheimer Holdings, Inc.’s price target would indicate a potential upside of 13.68% from the stock’s current price.
A number of other analysts have also commented on the company. Barclays PLC lifted their target price on Honeywell International from $139.00 to $140.00 and gave the stock an “overweight” rating in a report on Tuesday, April 25th. Morgan Stanley restated an “overweight” rating and issued a $141.00 price target (up from $137.00) on shares of Honeywell International in a research note on Thursday, June 22nd. Zacks Investment Research downgraded Honeywell International from a “buy” rating to a “hold” rating in a research note on Tuesday, April 4th. BidaskClub upgraded Honeywell International from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, June 21st. Finally, Citigroup Inc. raised their price target on Honeywell International from $140.00 to $147.00 and gave the stock a “buy” rating in a research note on Tuesday, April 25th. One equities research analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. Honeywell International currently has a consensus rating of “Buy” and a consensus target price of $136.66.
Honeywell International (HON) traded up 1.00% on Monday, reaching $137.72. The company’s stock had a trading volume of 2,528,860 shares. The stock has a market cap of $104.75 billion, a PE ratio of 21.36 and a beta of 0.95. Honeywell International has a 12-month low of $105.25 and a 12-month high of $137.86. The company’s 50 day moving average price is $134.17 and its 200-day moving average price is $127.24.
Honeywell International (NYSE:HON) last posted its earnings results on Friday, July 21st. The conglomerate reported $1.80 EPS for the quarter, topping the Zacks’ consensus estimate of $1.78 by $0.02. The business had revenue of $10.08 billion during the quarter, compared to analyst estimates of $9.89 billion. Honeywell International had a return on equity of 26.60% and a net margin of 12.68%. The company’s quarterly revenue was up .9% compared to the same quarter last year. During the same quarter last year, the company earned $1.70 EPS. On average, equities analysts expect that Honeywell International will post $7.09 EPS for the current year.
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In other Honeywell International news, CFO Thomas A. Szlosek sold 36,080 shares of the business’s stock in a transaction that occurred on Monday, May 8th. The stock was sold at an average price of $131.16, for a total transaction of $4,732,252.80. Following the sale, the chief financial officer now directly owns 2,160 shares of the company’s stock, valued at $283,305.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Bradley T. Sheares sold 3,430 shares of the business’s stock in a transaction that occurred on Friday, May 19th. The stock was sold at an average price of $131.71, for a total value of $451,765.30. Following the sale, the director now directly owns 8,731 shares in the company, valued at $1,149,960.01. The disclosure for this sale can be found here. Insiders have sold 1,253,667 shares of company stock worth $164,049,416 over the last three months. 1.56% of the stock is currently owned by insiders.
A number of large investors have recently modified their holdings of HON. Crestwood Advisors Group LLC bought a new stake in shares of Honeywell International during the first quarter valued at $100,000. Peoples Financial Services CORP. boosted its stake in shares of Honeywell International by 62.2% in the first quarter. Peoples Financial Services CORP. now owns 811 shares of the conglomerate’s stock valued at $101,000 after buying an additional 311 shares during the last quarter. Hanson McClain Inc. boosted its stake in shares of Honeywell International by 0.4% in the first quarter. Hanson McClain Inc. now owns 810 shares of the conglomerate’s stock valued at $101,000 after buying an additional 3 shares during the last quarter. Jolley Asset Management LLC boosted its stake in shares of Honeywell International by 6.9% in the second quarter. Jolley Asset Management LLC now owns 775 shares of the conglomerate’s stock valued at $103,000 after buying an additional 50 shares during the last quarter. Finally, MCF Advisors LLC boosted its stake in shares of Honeywell International by 55.8% in the first quarter. MCF Advisors LLC now owns 935 shares of the conglomerate’s stock valued at $117,000 after buying an additional 335 shares during the last quarter. 76.41% of the stock is currently owned by institutional investors.
Honeywell International Company Profile
Honeywell International Inc is a technology and manufacturing company. The Company operates through four segments: Aerospace, Home and Building Technologies, Performance Materials and Technologies, and Safety and Productivity Solutions. The Company’s Aerospace segment supplies products, software and services for aircraft and vehicles that it sells to original equipment manufacturers (OEMs) and other customers.
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