Honeywell International (HON) PT Lowered to $169.00 at Stifel Nicolaus
Honeywell International (NYSE:HON) had its target price reduced by research analysts at Stifel Nicolaus from $171.00 to $169.00 in a research report issued on Thursday, Marketbeat.com reports. The firm presently has a “buy” rating on the conglomerate’s stock. Stifel Nicolaus’ price target indicates a potential upside of 10.29% from the stock’s current price.
A number of other research analysts also recently commented on HON. Zacks Investment Research raised shares of Honeywell International from a “hold” rating to a “buy” rating and set a $154.00 target price on the stock in a research report on Thursday, September 21st. Deutsche Bank reaffirmed a “buy” rating and issued a $171.00 target price on shares of Honeywell International in a research report on Tuesday, November 28th. Royal Bank of Canada increased their target price on shares of Honeywell International from $148.00 to $156.00 and gave the company an “outperform” rating in a research report on Monday, October 23rd. Citigroup increased their target price on shares of Honeywell International from $155.00 to $170.00 and gave the company a “buy” rating in a research report on Monday, October 9th. Finally, Vertical Research reaffirmed a “buy” rating on shares of Honeywell International in a research report on Friday, October 20th. Two equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $159.79.
Shares of Honeywell International (NYSE HON) traded down $2.57 on Thursday, hitting $153.23. 3,142,008 shares of the stock were exchanged, compared to its average volume of 2,721,399. Honeywell International has a fifty-two week low of $113.60 and a fifty-two week high of $156.70. The firm has a market cap 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 debt-to-equity ratio of 0.54, a current ratio of 1.35 and a quick ratio of 1.09.
Honeywell International (NYSE:HON) last announced its quarterly earnings data on Friday, October 20th. The conglomerate reported $1.75 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $1.75. Honeywell International had a net margin of 12.85% and a return on equity of 26.26%. The business had revenue of $10.12 billion for the quarter, compared to analyst estimates of $10.05 billion. During the same period last year, the business earned $1.60 EPS. The company’s revenue was up 3.2% on a year-over-year basis. equities research analysts expect that Honeywell International will post 7.06 EPS for the current year.
Honeywell International declared that its Board of Directors has initiated a share repurchase program on Friday, December 8th that allows the company to buyback $6.50 billion in shares. This buyback authorization allows the conglomerate to buy shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its stock is undervalued.
In other Honeywell International news, Director Bradley T. Sheares sold 1,328 shares of Honeywell International stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $146.41, for a total transaction of $194,432.48. Following the completion of the transaction, the director now owns 4,002 shares in the company, valued at $585,932.82. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Krishna Mikkilineni sold 13,074 shares of Honeywell International stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $145.12, for a total transaction of $1,897,298.88. Following the transaction, the vice president now owns 104,998 shares of the company’s stock, valued at approximately $15,237,309.76. 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 shares of Honeywell International by 0.4% during the first quarter. Hanson McClain Inc. now owns 810 shares of the conglomerate’s stock worth $101,000 after purchasing an additional 3 shares in the last quarter. Addison Capital Co raised its holdings in shares of Honeywell International by 0.3% during the second quarter. Addison Capital Co now owns 2,643 shares of the conglomerate’s stock worth $352,000 after purchasing an additional 7 shares during the period. Hudock Capital Group LLC raised its holdings in shares of Honeywell International by 0.3% during the second quarter. Hudock Capital Group LLC now owns 4,041 shares of the conglomerate’s stock worth $538,000 after purchasing an additional 14 shares during the period. Rowland & Co. Investment Counsel ADV raised its holdings in shares of Honeywell International by 0.4% during the second quarter. Rowland & Co. Investment Counsel ADV now owns 3,735 shares of the conglomerate’s stock worth $499,000 after purchasing an additional 14 shares during the period. Finally, Jacobi Capital Management LLC raised its holdings in shares of Honeywell International by 0.6% during the second quarter. Jacobi Capital Management LLC now owns 2,800 shares of the conglomerate’s stock worth $377,000 after purchasing an additional 16 shares during the period. 76.04% of the stock is owned by institutional investors and hedge funds.
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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