Honeywell International Inc. (NYSE:HON) had its price target raised by equities researchers at Morgan Stanley from $145.00 to $149.00 in a report issued on Friday. The firm presently has an “overweight” rating on the conglomerate’s stock. Morgan Stanley’s price target points to a potential upside of 5.07% from the stock’s current price.

Several other equities research analysts have also recently commented on the company. Zacks Investment Research raised Honeywell International from a “hold” rating to a “buy” rating and set a $151.00 target price for the company in a research note on Thursday, July 20th. BidaskClub raised Honeywell International from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, June 21st. HSBC Holdings plc started coverage on Honeywell International in a research note on Wednesday, June 21st. They issued a “buy” rating and a $147.00 target price for the company. Jefferies Group LLC reissued a “buy” rating and issued a $155.00 target price (up from $141.00) on shares of Honeywell International in a research note on Monday, July 24th. Finally, Cowen and Company restated a “buy” rating and issued a $140.00 price target on shares of Honeywell International in a research report on Monday, July 17th. One investment analyst has rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. Honeywell International has a consensus rating of “Buy” and a consensus price target of $142.22.

Shares of Honeywell International (NYSE:HON) traded up 0.77% during mid-day trading on Friday, hitting $141.95. The stock had a trading volume of 1,580,225 shares. Honeywell International has a 12-month low of $105.25 and a 12-month high of $141.96. The firm’s 50-day moving average price is $137.60 and its 200 day moving average price is $132.42. The stock has a market cap of $107.96 billion, a price-to-earnings ratio of 22.01 and a beta of 0.94.

Honeywell International (NYSE:HON) last released its earnings results on Friday, July 21st. The conglomerate reported $1.80 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.78 by $0.02. The company had revenue of $10.08 billion during the quarter, compared to analysts’ expectations of $9.89 billion. Honeywell International had a return on equity of 26.60% and a net margin of 12.68%. The business’s revenue for the quarter was up .9% on a year-over-year basis. During the same period last year, the firm earned $1.70 EPS. Equities analysts forecast that Honeywell International will post $7.09 EPS for the current fiscal year.

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In other Honeywell International news, CFO Thomas A. Szlosek sold 803 shares of Honeywell International stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $137.02, for a total value of $110,027.06. Following the sale, the chief financial officer now owns 5,702 shares of the company’s stock, valued at approximately $781,288.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Linnet F. Deily sold 4,344 shares of Honeywell International stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $138.47, for a total value of $601,513.68. Following the completion of the sale, the director now directly owns 9,753 shares in the company, valued at approximately $1,350,497.91. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 354,108 shares of company stock worth $48,886,463. Corporate insiders own 1.56% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Hanson McClain Inc. raised its stake in shares of Honeywell International by 0.4% in the 1st quarter. Hanson McClain Inc. now owns 810 shares of the conglomerate’s stock valued at $101,000 after purchasing an additional 3 shares during the period. Addison Capital Co raised its stake in shares of Honeywell International by 0.3% in the 2nd quarter. Addison Capital Co now owns 2,643 shares of the conglomerate’s stock valued at $352,000 after purchasing an additional 7 shares during the period. Weatherly Asset Management L. P. raised its stake in shares of Honeywell International by 0.3% in the 1st quarter. Weatherly Asset Management L. P. now owns 2,496 shares of the conglomerate’s stock valued at $312,000 after purchasing an additional 8 shares during the period. Keel Point LLC raised its stake in shares of Honeywell International by 0.3% in the 1st quarter. Keel Point LLC now owns 3,487 shares of the conglomerate’s stock valued at $435,000 after purchasing an additional 10 shares during the period. Finally, Hudock Capital Group LLC raised its stake in shares of Honeywell International by 0.3% in the 1st quarter. Hudock Capital Group LLC now owns 4,027 shares of the conglomerate’s stock valued at $502,000 after purchasing an additional 14 shares during the period. 75.77% of the stock is currently owned by hedge funds and other 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.

Analyst Recommendations for Honeywell International (NYSE:HON)

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