Honeywell International Inc. (HON) Price Target Raised to $156.00
Honeywell International Inc. (NYSE:HON) had its target price boosted by stock analysts at Royal Bank Of Canada from $148.00 to $156.00 in a research note issued on Monday. The firm currently has an “outperform” rating on the conglomerate’s stock. Royal Bank Of Canada’s price objective suggests a potential upside of 7.33% from the company’s current price.
Several other analysts have also commented on HON. Zacks Investment Research lowered shares of Honeywell International from a “buy” rating to a “hold” rating in a research report on Monday, August 14th. Cowen and Company reiterated an “outperform” rating and issued a $150.00 target price (up previously from $140.00) on shares of Honeywell International in a report on Tuesday, August 8th. Vertical Research reiterated a “buy” rating on shares of Honeywell International in a report on Friday. Jefferies Group LLC reiterated a “buy” rating and issued a $155.00 target price on shares of Honeywell International in a report on Tuesday, August 22nd. Finally, Argus lifted their target price on shares of Honeywell International from $152.00 to $160.00 and gave the company a “buy” rating in a report on Thursday, October 12th. One research analyst has rated the stock with a hold rating and seventeen have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $150.05.
Honeywell International (NYSE HON) opened at 145.35 on Monday. The company has a market cap of $110.55 billion, a PE ratio of 22.54 and a beta of 0.95. The stock’s 50 day moving average price is $140.77 and its 200-day moving average price is $135.04. Honeywell International has a 1-year low of $107.51 and a 1-year high of $145.96.
Honeywell International (NYSE:HON) last released its quarterly earnings results on Friday, October 20th. The conglomerate reported $1.75 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.75. The firm had revenue of $10.12 billion for the quarter, compared to analyst estimates of $10.05 billion. Honeywell International had a net margin of 12.68% and a return on equity of 26.60%. The business’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.60 EPS. On average, analysts forecast that Honeywell International will post $7.09 earnings per share for the current year.
In other news, insider Rajeev Gautam sold 5,840 shares of Honeywell International stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $136.68, for a total transaction of $798,211.20. Following the completion of the sale, the insider now directly owns 16,597 shares of the company’s stock, valued at approximately $2,268,477.96. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Jennifer H. Mak sold 420 shares of Honeywell International stock in a transaction on Thursday, July 27th. The stock was sold at an average price of $136.66, for a total transaction of $57,397.20. Following the sale, the vice president now directly owns 1,363 shares of the company’s stock, valued at $186,267.58. The disclosure for this sale can be found here. In the last 90 days, insiders sold 354,108 shares of company stock valued at $48,886,463. Insiders own 1.56% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in the company. Whittier Trust Co. of Nevada Inc. lifted its position in shares of Honeywell International by 1.6% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 46,747 shares of the conglomerate’s stock worth $6,626,000 after purchasing an additional 723 shares during the last quarter. Whittier Trust Co. lifted its position in shares of Honeywell International by 0.8% during the 3rd quarter. Whittier Trust Co. now owns 181,270 shares of the conglomerate’s stock worth $25,693,000 after purchasing an additional 1,381 shares during the last quarter. Alpha Cubed Investments LLC lifted its position in shares of Honeywell International by 9.1% during the 3rd quarter. Alpha Cubed Investments LLC now owns 4,438 shares of the conglomerate’s stock worth $629,000 after purchasing an additional 371 shares during the last quarter. APG Asset Management N.V. lifted its position in shares of Honeywell International by 110.5% during the 3rd quarter. APG Asset Management N.V. now owns 1,973,906 shares of the conglomerate’s stock worth $279,781,000 after purchasing an additional 1,036,000 shares during the last quarter. Finally, Covenant Asset Management LLC lifted its position in shares of Honeywell International by 2.2% during the 3rd quarter. Covenant Asset Management LLC now owns 16,699 shares of the conglomerate’s stock worth $2,367,000 after purchasing an additional 353 shares during the last quarter. 75.73% of the stock is owned by institutional investors and hedge funds.
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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