Honeywell International (HON) Given a $180.00 Price Target by Citigroup Analysts
Honeywell International (NYSE:HON) has been assigned a $180.00 target price by research analysts at Citigroup in a report issued on Thursday. The brokerage currently has a “buy” rating on the conglomerate’s stock. Citigroup’s price target would suggest a potential upside of 17.47% from the stock’s previous close.
Other equities analysts have also issued reports about the stock. Jefferies Group reissued a “buy” rating and set a $155.00 price objective on shares of Honeywell International in a report on Thursday, September 28th. Zacks Investment Research upgraded shares of Honeywell International from a “hold” rating to a “buy” rating and set a $155.00 target price for the company in a research note on Thursday, August 17th. Royal Bank of Canada set a $148.00 target price on shares of Honeywell International and gave the company a “buy” rating in a research note on Sunday, August 27th. Deutsche Bank restated a “buy” rating and issued a $154.00 target price on shares of Honeywell International in a research note on Thursday, September 21st. Finally, Cowen restated a “buy” rating and issued a $150.00 target price on shares of Honeywell International in a research note on Tuesday, October 10th. Two investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $159.79.
Shares of Honeywell International (NYSE HON) traded down $2.57 during mid-day trading on Thursday, reaching $153.23. 3,139,711 shares of the company traded hands, compared to its average volume of 2,721,399. The stock has a market capitalization of $116,323.64, a price-to-earnings ratio of 22.11, a price-to-earnings-growth ratio of 2.36 and a beta of 0.99. The company has a current ratio of 1.35, a quick ratio of 1.09 and a debt-to-equity ratio of 0.54. Honeywell International has a 12 month low of $113.60 and a 12 month high of $156.70.
Honeywell International (NYSE:HON) last issued its quarterly earnings data on Friday, October 20th. The conglomerate reported $1.75 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.75. The company had revenue of $10.12 billion for the quarter, compared to analyst estimates of $10.05 billion. Honeywell International had a net margin of 12.85% and a return on equity of 26.26%. Honeywell International’s revenue was up 3.2% compared to the same quarter last year. During the same period last year, the company posted $1.60 earnings per share. analysts anticipate that Honeywell International will post 7.06 EPS for the current fiscal year.
Honeywell International announced that its Board of Directors has authorized a stock buyback plan on Friday, December 8th that permits the company to repurchase $6.50 billion in shares. This repurchase authorization permits the conglomerate to repurchase shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.
In other news, VP Krishna Mikkilineni sold 13,074 shares of Honeywell International stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $145.12, for a total transaction of $1,897,298.88. Following the completion of the sale, the vice president now directly owns 104,998 shares in the company, valued at $15,237,309.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Bradley T. Sheares sold 1,328 shares of Honeywell International stock in a transaction on Thursday, November 9th. The stock was sold at an average price of $146.41, for a total transaction of $194,432.48. Following the sale, the director now owns 4,002 shares of the company’s stock, valued at $585,932.82. The disclosure for this sale can be found here. Insiders own 1.56% of the company’s stock.
Several large investors have recently bought and sold shares of HON. Hanson McClain Inc. lifted its position in Honeywell International by 0.4% during 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 during the period. Addison Capital Co lifted its position in Honeywell International by 0.3% during the second 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. Hudock Capital Group LLC lifted its position in Honeywell International by 0.3% during the second quarter. Hudock Capital Group LLC now owns 4,041 shares of the conglomerate’s stock valued at $538,000 after purchasing an additional 14 shares during the period. Rowland & Co. Investment Counsel ADV lifted its position in Honeywell International by 0.4% during the second quarter. Rowland & Co. Investment Counsel ADV now owns 3,735 shares of the conglomerate’s stock valued at $499,000 after purchasing an additional 14 shares during the period. Finally, Jacobi Capital Management LLC lifted its position in Honeywell International by 0.6% during the second quarter. Jacobi Capital Management LLC now owns 2,800 shares of the conglomerate’s stock valued at $377,000 after purchasing an additional 16 shares during the period. Institutional investors and hedge funds own 76.04% of the company’s stock.
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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