Honeywell International (NYSE:HON) had its price objective raised by equities research analysts at Royal Bank of Canada to $163.00 in a research note issued on Thursday, The Fly reports. The brokerage presently has an “outperform” rating on the conglomerate’s stock. Royal Bank of Canada’s price target points to a potential upside of 4.62% from the stock’s current price.
A number of other equities research analysts have also recently commented on HON. Morgan Stanley increased their target price on Honeywell International from $141.00 to $145.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 16th. Zacks Investment Research raised Honeywell International from a “hold” rating to a “buy” rating and set a $155.00 target price on the stock in a research note on Thursday, August 17th. Jefferies Group reissued a “buy” rating and issued a $155.00 target price on shares of Honeywell International in a research note on Tuesday, August 22nd. Finally, Deutsche Bank reissued a “buy” rating and issued a $154.00 target price on shares of Honeywell International in a research note on Thursday, September 21st. Two investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $159.79.
Honeywell International (NYSE:HON) traded up $2.06 during midday trading on Thursday, hitting $155.80. The stock had a trading volume of 5,064,100 shares, compared to its average volume of 2,719,647. Honeywell International has a 52-week low of $113.60 and a 52-week high of $156.70. The stock has a market capitalization of $116,323.64, a PE ratio of 22.11, a P/E/G ratio of 2.36 and a beta of 0.99. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.09 and a current ratio of 1.35.
Honeywell International declared that its Board of Directors has initiated a stock 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 repurchase shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company’s board believes its stock is undervalued.
In other Honeywell International news, Director Bradley T. Sheares sold 1,328 shares of the firm’s stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $146.41, for a total value of $194,432.48. Following the transaction, the director now directly owns 4,002 shares of the company’s stock, valued at $585,932.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Krishna Mikkilineni sold 13,074 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the vice president now directly owns 104,998 shares in the company, valued at $15,237,309.76. The disclosure for this sale can be found here. Company insiders own 1.56% of the company’s stock.
A number of large investors have recently made changes to their positions in the business. CWM LLC raised its stake in Honeywell International by 47.1% during the 3rd quarter. CWM LLC now owns 856 shares of the conglomerate’s stock valued at $100,000 after purchasing an additional 274 shares during the period. Crestwood Advisors Group LLC bought a new stake in Honeywell International during the 1st quarter valued at approximately $100,000. Peoples Financial Services CORP. raised its stake in Honeywell International by 62.2% during the 1st quarter. Peoples Financial Services CORP. now owns 811 shares of the conglomerate’s stock valued at $101,000 after purchasing an additional 311 shares during the period. Hanson McClain Inc. raised its stake in Honeywell International by 0.4% during the 1st 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. Finally, Burt Wealth Advisors raised its stake in Honeywell International by 65.4% during the 2nd quarter. Burt Wealth Advisors now owns 759 shares of the conglomerate’s stock valued at $101,000 after purchasing an additional 300 shares during the period. 76.04% of the stock is currently owned by institutional investors and hedge funds.
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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.
