Honeywell International Inc. (NYSE:HON) had its target price upped by research analysts at Morgan Stanley from $141.00 to $145.00 in a research note issued to investors on Wednesday. The firm currently has an “overweight” rating on the conglomerate’s stock. Morgan Stanley’s price target points to a potential upside of 6.74% from the company’s previous close.
Several other research firms also recently commented on HON. BidaskClub raised shares of Honeywell International from a “buy” rating to a “strong-buy” rating in a report on Wednesday, June 21st. Zacks Investment Research downgraded shares of Honeywell International from a “buy” rating to a “hold” rating in a report on Monday. Oppenheimer Holdings, Inc. upped their price objective on shares of Honeywell International from $148.00 to $155.00 and gave the company an “outperform” rating in a report on Monday, July 24th. Credit Suisse Group reaffirmed a “neutral” rating and issued a $139.00 price objective (up from $131.00) on shares of Honeywell International in a report on Tuesday, July 25th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and issued a $155.00 price objective (up from $141.00) on shares of Honeywell International in a report on Monday, July 24th. One research analyst has rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $139.64.
Shares of Honeywell International (HON) opened at 135.85 on Wednesday. The stock has a market cap of $103.32 billion, a PE ratio of 21.07 and a beta of 0.94. Honeywell International has a one year low of $105.25 and a one year high of $140.21. The company has a 50-day moving average of $136.35 and a 200 day moving average of $129.97.
Honeywell International (NYSE:HON) last released its quarterly earnings data on Friday, July 21st. The conglomerate reported $1.80 EPS for the quarter, beating the consensus estimate of $1.78 by $0.02. The business had revenue of $10.08 billion for the quarter, compared to the consensus estimate of $9.89 billion. Honeywell International had a net margin of 12.68% and a return on equity of 26.60%. The business’s revenue for the quarter was up .9% on a year-over-year basis. During the same period in the prior year, the firm earned $1.70 EPS. On average, analysts predict that Honeywell International will post $7.09 earnings per share for the current year.
In other Honeywell International news, VP Jennifer H. Mak sold 5,510 shares of the company’s stock in a transaction on Tuesday, May 23rd. The shares were sold at an average price of $131.88, for a total transaction of $726,658.80. Following the completion of the transaction, the vice president now directly owns 3,141 shares in the company, valued at $414,235.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Jennifer H. Mak sold 420 shares of the company’s stock in a transaction on Thursday, July 27th. The stock was sold at an average price of $136.66, for a total transaction of $57,397.20. Following the transaction, the vice president now owns 1,363 shares of the company’s stock, valued at $186,267.58. The disclosure for this sale can be found here. Insiders have sold 469,799 shares of company stock valued at $64,094,877 over the last 90 days. 1.56% of the stock is currently owned by company insiders.
A number of institutional investors have recently bought and sold shares of the company. Janus Henderson Group PLC boosted its stake in shares of Honeywell International by 4,986.7% in the second quarter. Janus Henderson Group PLC now owns 4,395,092 shares of the conglomerate’s stock worth $585,822,000 after buying an additional 4,308,688 shares during the period. Ameriprise Financial Inc. boosted its stake in shares of Honeywell International by 38.9% in the second quarter. Ameriprise Financial Inc. now owns 13,323,259 shares of the conglomerate’s stock worth $1,776,394,000 after buying an additional 3,728,533 shares during the period. Clearbridge Investments LLC boosted its stake in shares of Honeywell International by 69.2% in the first quarter. Clearbridge Investments LLC now owns 5,171,598 shares of the conglomerate’s stock worth $645,777,000 after buying an additional 2,114,627 shares during the period. Harbour Capital Advisors LLC boosted its stake in shares of Honeywell International by 13,551.7% in the second quarter. Harbour Capital Advisors LLC now owns 1,804,613 shares of the conglomerate’s stock worth $13,539,000 after buying an additional 1,791,394 shares during the period. Finally, Vanguard Group Inc. boosted its stake in shares of Honeywell International by 2.5% in the second quarter. Vanguard Group Inc. now owns 49,713,013 shares of the conglomerate’s stock worth $6,626,247,000 after buying an additional 1,234,672 shares during the period. Institutional investors own 76.49% of the company’s stock.
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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