Honeywell International Inc. (HON) Receives Buy Rating from Robert W. Baird
Honeywell International Inc. (NYSE:HON)‘s stock had its “buy” rating reiterated by stock analysts at Robert W. Baird in a research report issued on Wednesday. They presently have a $156.00 target price on the conglomerate’s stock. Robert W. Baird’s price objective points to a potential upside of 8.85% from the company’s current price.
A number of other analysts have also recently commented on the stock. Cowen and Company restated a “buy” rating and set a $150.00 price target on shares of Honeywell International in a research note on Tuesday. Citigroup Inc. upped their price target on shares of Honeywell International from $155.00 to $170.00 and gave the company a “buy” rating in a research note on Monday. Jefferies Group LLC restated a “buy” rating and set a $155.00 price target on shares of Honeywell International in a research note on Thursday, September 28th. Morgan Stanley upped their price target on shares of Honeywell International from $145.00 to $149.00 and gave the company an “overweight” rating in a research note on Friday, September 22nd. Finally, Deutsche Bank AG restated a “buy” rating and set a $154.00 price target on shares of Honeywell International in a research note on Thursday, September 21st. One analyst has rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $147.85.
Shares of Honeywell International (NYSE HON) traded down 0.52% during midday trading on Wednesday, reaching $142.56. 2,438,564 shares of the company’s stock traded hands. The stock has a 50-day moving average price of $139.31 and a 200 day moving average price of $134.10. The firm has a market cap of $108.43 billion, a PE ratio of 22.10 and a beta of 0.95. Honeywell International has a 12 month low of $105.26 and a 12 month 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, beating the Zacks’ consensus estimate of $1.78 by $0.02. The firm had revenue of $10.08 billion for the quarter, compared to analysts’ expectations of $9.89 billion. Honeywell International had a net margin of 12.68% and a return on equity of 26.60%. The company’s quarterly revenue was up .9% on a year-over-year basis. During the same period in the previous year, the company earned $1.70 earnings per share. Equities research analysts predict that Honeywell International will post $7.09 earnings per share for the current year.
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In other news, VP Jennifer H. Mak sold 420 shares of the stock in a transaction on Thursday, July 27th. The shares were sold at an average price of $136.66, for a total value of $57,397.20. Following the transaction, the vice president now owns 1,363 shares of the company’s stock, valued at approximately $186,267.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Rajeev Gautam sold 5,840 shares of the stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $136.68, for a total transaction of $798,211.20. Following the completion of the transaction, the insider now directly owns 16,597 shares in the company, valued at approximately $2,268,477.96. The disclosure for this sale can be found here. Insiders sold a total of 354,108 shares of company stock worth $48,886,463 in the last three months. Insiders own 1.56% of the company’s stock.
Several large investors have recently modified their holdings of the company. First National Bank of Mount Dora Trust Investment Services increased its holdings in shares of Honeywell International by 6.8% in the 3rd quarter. First National Bank of Mount Dora Trust Investment Services now owns 23,241 shares of the conglomerate’s stock worth $3,295,000 after buying an additional 1,471 shares during the last quarter. Fulton Bank N.A. grew its holdings in shares of Honeywell International by 7.6% during the 3rd quarter. Fulton Bank N.A. now owns 19,100 shares of the conglomerate’s stock valued at $2,707,000 after purchasing an additional 1,347 shares during the last quarter. Neville Rodie & Shaw Inc. grew its holdings in shares of Honeywell International by 3.1% during the 3rd quarter. Neville Rodie & Shaw Inc. now owns 53,495 shares of the conglomerate’s stock valued at $7,583,000 after purchasing an additional 1,600 shares during the last quarter. Curbstone Financial Management Corp grew its holdings in shares of Honeywell International by 92.5% during the 3rd quarter. Curbstone Financial Management Corp now owns 8,982 shares of the conglomerate’s stock valued at $1,273,000 after purchasing an additional 4,316 shares during the last quarter. Finally, Intl Fcstone Inc. bought a new position in shares of Honeywell International during the 2nd quarter valued at $294,000. 75.77% of the stock is currently 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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