Honeywell International Inc. (HON) Price Target Raised to $160.00 at Argus
Honeywell International Inc. (NYSE:HON) had its price target lifted by Argus from $152.00 to $160.00 in a note issued to investors on Thursday, The Fly reports. The brokerage presently has a “buy” rating on the conglomerate’s stock. Argus’ price target suggests a potential upside of 12.11% from the stock’s previous close.
Several other equities analysts have also commented on HON. 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. BidaskClub upgraded Honeywell International from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, June 21st. Morgan Stanley reiterated an “overweight” rating and issued a $141.00 target price (up from $137.00) on shares of Honeywell International in a research note on Thursday, June 22nd. Cowen and Company reiterated a “buy” rating and issued a $140.00 target price on shares of Honeywell International in a research note on Monday, July 17th. Finally, Zacks Investment Research lowered Honeywell International from a “buy” rating to a “hold” rating in a research note on Tuesday, July 18th. One analyst has rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. Honeywell International presently has a consensus rating of “Buy” and a consensus price target of $149.52.
Shares of Honeywell International (NYSE:HON) opened at 142.72 on Thursday. Honeywell International has a 12 month low of $106.55 and a 12 month high of $145.30. The company’s 50 day moving average price is $139.47 and its 200-day moving average price is $134.16. The firm has a market capitalization of $108.55 billion, a P/E ratio of 22.13 and a beta of 0.95.
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 firm 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 business’s quarterly revenue was up .9% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.70 earnings per share. On average, equities analysts predict that Honeywell International will post $7.09 earnings per share for the current fiscal year.
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In other news, insider Timothy O. Mahoney sold 341,701 shares of the stock in a transaction dated Wednesday, August 2nd. The stock was sold at an average price of $138.08, for a total value of $47,182,074.08. Following the completion of the sale, the insider now owns 294,155 shares in the company, valued at $40,616,922.40. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Rajeev Gautam sold 5,840 shares of the stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $136.68, for a total value of $798,211.20. Following the completion of the sale, the insider now owns 16,597 shares of the company’s stock, valued at approximately $2,268,477.96. The disclosure for this sale can be found here. In the last quarter, insiders sold 354,108 shares of company stock valued at $48,886,463. Insiders own 1.56% of the company’s stock.
Several hedge funds have recently bought and sold shares of the company. First National Bank of Mount Dora Trust Investment Services grew its stake in shares of Honeywell International by 6.8% in the third quarter. First National Bank of Mount Dora Trust Investment Services now owns 23,241 shares of the conglomerate’s stock valued at $3,295,000 after buying an additional 1,471 shares in the last quarter. Fulton Bank N.A. grew its stake in shares of Honeywell International by 7.6% in the third quarter. Fulton Bank N.A. now owns 19,100 shares of the conglomerate’s stock valued at $2,707,000 after buying an additional 1,347 shares in the last quarter. Neville Rodie & Shaw Inc. grew its stake in shares of Honeywell International by 3.1% in the third quarter. Neville Rodie & Shaw Inc. now owns 53,495 shares of the conglomerate’s stock valued at $7,583,000 after buying an additional 1,600 shares in the last quarter. Curbstone Financial Management Corp grew its stake in shares of Honeywell International by 92.5% in the third quarter. Curbstone Financial Management Corp now owns 8,982 shares of the conglomerate’s stock valued at $1,273,000 after buying an additional 4,316 shares in the last quarter. Finally, Intl Fcstone Inc. acquired a new stake in shares of Honeywell International in the second quarter valued at about $294,000. Institutional investors and hedge funds own 75.77% of the company’s stock.
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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