Honeywell International Inc. (HON) Given “Buy” Rating at Cowen and Company
Honeywell International Inc. (NYSE:HON)‘s stock had its “buy” rating restated by analysts at Cowen and Company in a note issued to investors on Tuesday. They presently have a $150.00 target price on the conglomerate’s stock. Cowen and Company’s target price would suggest a potential upside of 4.46% from the stock’s previous close.
Other research analysts also recently issued research reports about the stock. Oppenheimer Holdings, Inc. boosted their price objective on shares of Honeywell International from $148.00 to $155.00 and gave the stock an “outperform” rating in a report on Monday, July 24th. BidaskClub upgraded shares of Honeywell International from a “hold” rating to a “buy” rating in a report on Sunday, August 6th. HSBC Holdings plc assumed coverage on shares of Honeywell International in a report on Wednesday, June 21st. They set a “buy” rating and a $147.00 price objective on the stock. Royal Bank Of Canada set a $148.00 price objective on shares of Honeywell International and gave the stock a “buy” rating in a report on Sunday, August 27th. Finally, Credit Suisse Group restated a “neutral” rating and set a $139.00 price objective (up previously from $131.00) on shares of Honeywell International in a report on Tuesday, July 25th. One research analyst has rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $144.74.
Shares of Honeywell International (NYSE:HON) traded down 0.20% during mid-day trading on Tuesday, hitting $143.31. The stock had a trading volume of 4,074,618 shares. The stock has a market cap of $109.00 billion, a P/E ratio of 22.22 and a beta of 0.95. The stock has a 50-day moving average price of $139.09 and a 200 day moving average price of $133.97. Honeywell International has a 52 week low of $105.26 and a 52 week high of $145.30.
Honeywell International (NYSE:HON) last released its earnings results on Friday, July 21st. The conglomerate reported $1.80 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.78 by $0.02. The firm had revenue of $10.08 billion during the quarter, compared to analyst estimates of $9.89 billion. Honeywell International had a net margin of 12.68% and a return on equity of 26.60%. The business’s revenue was up .9% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.70 EPS. On average, equities analysts forecast that Honeywell International will post $7.09 EPS for the current fiscal year.
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In related news, CFO Thomas A. Szlosek sold 803 shares of the stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $137.02, for a total value of $110,027.06. Following the transaction, the chief financial officer now directly owns 5,702 shares in the company, valued at $781,288.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Linnet F. Deily sold 4,344 shares of the stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $138.47, for a total transaction of $601,513.68. Following the completion of the transaction, the director now owns 9,753 shares in the company, valued at $1,350,497.91. The disclosure for this sale can be found here. Insiders sold 354,108 shares of company stock worth $48,886,463 over the last 90 days. 1.56% of the stock is currently owned by company insiders.
Large investors have recently modified their holdings of the business. Hanson McClain Inc. increased its stake in 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 purchasing an additional 3 shares in the last quarter. Burt Wealth Advisors increased its stake in Honeywell International by 65.4% in the second quarter. Burt Wealth Advisors now owns 759 shares of the conglomerate’s stock valued at $101,000 after purchasing an additional 300 shares in the last quarter. Guidant Wealth Advisors increased its stake in Honeywell International by 15.8% in the second quarter. Guidant Wealth Advisors now owns 764 shares of the conglomerate’s stock valued at $102,000 after purchasing an additional 104 shares in the last quarter. Mosaic Family Wealth LLC increased its stake in Honeywell International by 11.4% in the second quarter. Mosaic Family Wealth LLC now owns 762 shares of the conglomerate’s stock valued at $102,000 after purchasing an additional 78 shares in the last quarter. Finally, Jolley Asset Management LLC increased its stake in 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 purchasing an additional 50 shares in the last quarter. 75.77% of the stock is owned by hedge funds and other institutional investors.
About Honeywell International
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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