Honeywell International (NASDAQ:HON – Get Free Report) had its price objective lifted by equities research analysts at Barclays from $243.00 to $258.00 in a report issued on Wednesday,Benzinga reports. The brokerage currently has an “overweight” rating on the conglomerate’s stock. Barclays‘s price target indicates a potential upside of 16.28% from the company’s previous close.
HON has been the topic of a number of other research reports. Royal Bank Of Canada boosted their target price on shares of Honeywell International from $211.00 to $226.00 and gave the stock a “sector perform” rating in a research report on Wednesday, April 30th. Bank of America raised shares of Honeywell International from a “neutral” rating to a “buy” rating and set a $250.00 target price on the stock in a research report on Wednesday, May 7th. Wall Street Zen raised shares of Honeywell International from a “hold” rating to a “buy” rating in a research report on Thursday, May 15th. Mizuho boosted their target price on shares of Honeywell International from $235.00 to $250.00 and gave the stock an “outperform” rating in a research report on Friday, May 16th. Finally, Wells Fargo & Company boosted their target price on shares of Honeywell International from $205.00 to $225.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 30th. Eight equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Honeywell International presently has a consensus rating of “Moderate Buy” and a consensus price target of $249.21.
View Our Latest Report on Honeywell International
Honeywell International Price Performance
Honeywell International (NASDAQ:HON – Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The conglomerate reported $2.51 earnings per share for the quarter, topping analysts’ consensus estimates of $2.21 by $0.30. Honeywell International had a net margin of 14.51% and a return on equity of 36.19%. The business had revenue of $9.82 billion during the quarter, compared to analysts’ expectations of $9.59 billion. During the same period in the previous year, the company earned $2.25 earnings per share. Honeywell International’s revenue for the quarter was up 7.9% on a year-over-year basis. On average, sell-side analysts expect that Honeywell International will post 10.34 earnings per share for the current year.
Institutional Investors Weigh In On Honeywell International
Several institutional investors and hedge funds have recently bought and sold shares of HON. Mainstream Capital Management LLC bought a new stake in shares of Honeywell International in the 4th quarter worth about $25,000. Avalon Trust Co grew its holdings in shares of Honeywell International by 166.7% in the 4th quarter. Avalon Trust Co now owns 120 shares of the conglomerate’s stock worth $27,000 after purchasing an additional 75 shares during the last quarter. Mpwm Advisory Solutions LLC bought a new stake in shares of Honeywell International in the 4th quarter worth about $29,000. Pandora Wealth Inc. bought a new stake in shares of Honeywell International in the 1st quarter worth about $33,000. Finally, Accredited Wealth Management LLC bought a new stake in shares of Honeywell International in the 4th quarter worth about $34,000. Institutional investors own 75.91% of the company’s stock.
Honeywell International Company Profile
Honeywell International Inc engages in the aerospace technologies, building automation, energy and sustainable solutions, and industrial automation businesses in the United States, Europe, and internationally. The company’s Aerospace segment offers auxiliary power units, propulsion engines, integrated avionics, environmental control and electric power systems, engine controls, flight safety, communications, navigation hardware, data and software applications, radar and surveillance systems, aircraft lighting, advanced systems and instruments, satellite and space components, and aircraft wheels and brakes; spare parts; repair, overhaul, and maintenance services; and thermal systems, as well as wireless connectivity services.
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