Honeywell International (NYSE:HON) had its price objective increased by research analysts at Bank of America from $117.12 to $168.00 in a research note issued on Friday. The firm currently has a “buy” rating on the conglomerate’s stock. Bank of America’s price objective suggests a potential upside of 3.19% from the stock’s current price.
HON has been the subject of a number of other reports. Cowen reissued a “buy” rating and set a $150.00 price target on shares of Honeywell International in a research note on Tuesday, October 10th. Vertical Research reissued a “buy” rating on shares of Honeywell International in a research note on Friday, October 20th. Citigroup increased their price target on Honeywell International from $155.00 to $170.00 and gave the company a “buy” rating in a research note on Monday, October 9th. Oppenheimer increased their price target on Honeywell International from $155.00 to $168.00 and gave the company an “outperform” rating in a research note on Thursday, December 14th. Finally, Zacks Investment Research lowered Honeywell International from a “buy” rating to a “hold” rating in a research note on Thursday, November 30th. Three equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. Honeywell International currently has an average rating of “Buy” and a consensus price target of $161.87.
Honeywell International (HON) opened at $162.80 on Friday. The firm has a market capitalization of $121,066.90, a PE ratio of 24.61, a PEG ratio of 2.43 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 has a one year low of $117.12 and a one year high of $162.80.
Honeywell International announced that its board has initiated a stock repurchase plan on Friday, December 8th that authorizes the company to repurchase $6.50 billion in shares. This repurchase authorization authorizes the conglomerate to purchase shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its shares are undervalued.
In other news, VP Krishna Mikkilineni sold 13,074 shares of the stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $145.12, for a total value of $1,897,298.88. Following the sale, the vice president now directly owns 104,998 shares in the company, valued at $15,237,309.76. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Bradley T. Sheares sold 1,328 shares of the stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $146.41, for a total value of $194,432.48. Following the completion of the sale, the director now owns 4,002 shares in the company, valued at $585,932.82. The disclosure for this sale can be found here. 1.56% of the stock is owned by company insiders.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Burt Wealth Advisors increased its holdings 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 period. Guidant Wealth Advisors increased its holdings 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 period. Mosaic Family Wealth LLC increased its holdings 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 period. CKW Financial Group purchased a new position in Honeywell International during the 2nd quarter worth $108,000. Finally, Mascoma Wealth Management LLC increased its holdings 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 period. Hedge funds and other institutional investors own 76.36% of the company’s stock.
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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.
