Investment analysts at UBS Group began coverage on shares of Honeywell International (NYSE:HON) in a research report issued on Monday, The Fly reports. The brokerage set a “buy” rating on the conglomerate’s stock.
Several other equities research analysts have also commented on HON. Jefferies Group restated a “buy” rating and issued a $155.00 price target on shares of Honeywell International in a report on Thursday, September 28th. Citigroup boosted their price target on shares of Honeywell International from $155.00 to $170.00 and gave the company a “buy” rating in a report on Monday, October 9th. Cowen restated a “buy” rating and issued a $150.00 price target on shares of Honeywell International in a report on Tuesday, October 10th. Robert W. Baird restated a “buy” rating and issued a $156.00 price target (up previously from $140.00) on shares of Honeywell International in a report on Wednesday, October 11th. Finally, Argus boosted their price target 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. Three equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $161.43.
Honeywell International (HON) traded down $0.15 during trading hours on Monday, hitting $158.54. 3,269,297 shares of the stock traded hands, compared to its average volume of 3,100,000. Honeywell International has a twelve month low of $116.98 and a twelve month high of $159.85. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.09 and a current ratio of 1.35. The company has a market cap of $119,980.00, a price-to-earnings ratio of 24.02, a P/E/G ratio of 2.41 and a beta of 0.99.
Honeywell International declared that its Board of Directors has initiated a share repurchase program on Friday, December 8th that permits the company to repurchase $6.50 billion in outstanding shares. This repurchase authorization permits the conglomerate to reacquire shares of its stock through open market purchases. Shares repurchase programs are often 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 that occurred on Friday, November 3rd. The shares were sold at an average price of $145.12, for a total value 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Bradley T. Sheares sold 1,328 shares of Honeywell International stock in a transaction that occurred 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 completion of the transaction, the director now directly owns 4,002 shares in the company, valued at approximately $585,932.82. The disclosure for this sale can be found here. 1.56% of the stock is owned by insiders.
Several institutional investors have recently modified their holdings of the company. Burt Wealth Advisors grew its position in Honeywell International by 65.4% during the 2nd quarter. Burt Wealth Advisors now owns 759 shares of the conglomerate’s stock worth $101,000 after purchasing an additional 300 shares during the last quarter. Guidant Wealth Advisors grew its position in Honeywell International by 15.8% during the 2nd quarter. Guidant Wealth Advisors now owns 764 shares of the conglomerate’s stock worth $102,000 after purchasing an additional 104 shares during the last quarter. Mosaic Family Wealth LLC grew its position in Honeywell International by 11.4% during the 2nd quarter. Mosaic Family Wealth LLC now owns 762 shares of the conglomerate’s stock worth $102,000 after purchasing an additional 78 shares during the last quarter. CKW Financial Group purchased a new stake in Honeywell International during the 2nd quarter worth approximately $108,000. Finally, Mascoma Wealth Management LLC grew its position in Honeywell International by 113.2% during the 3rd quarter. Mascoma Wealth Management LLC now owns 806 shares of the conglomerate’s stock worth $114,000 after purchasing an additional 428 shares during the last quarter. 76.36% 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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