Honeywell International Inc. (NYSE:HON) Receives Outperform Rating from Cowen and Company

Honeywell International Inc. (NYSE:HON)‘s stock had its “outperform” rating reiterated by research analysts at Cowen and Company in a research report issued to clients and investors on Tuesday, August 8th. They presently have a $150.00 target price on the conglomerate’s stock, up from their previous target price of $140.00. Cowen and Company’s price objective indicates a potential upside of 11.15% from the stock’s current price.

Other research analysts have also recently issued reports about the company. Oppenheimer Holdings, Inc. boosted their target price on Honeywell International from $148.00 to $155.00 and gave the stock an “outperform” rating in a report on Monday, July 24th. Stifel Nicolaus boosted their target price on Honeywell International from $136.00 to $143.00 and gave the stock a “buy” rating in a report on Tuesday, April 25th. Citigroup Inc. boosted their target price on Honeywell International from $140.00 to $147.00 and gave the stock a “buy” rating in a report on Tuesday, April 25th. HSBC Holdings plc began coverage on Honeywell International in a report on Wednesday, June 21st. They set a “buy” rating and a $147.00 target price on the stock. Finally, Zacks Investment Research cut Honeywell International from a “buy” rating to a “hold” rating in a report on Tuesday, July 18th. One analyst has rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $139.64.

Shares of Honeywell International (NYSE HON) opened at 134.95 on Tuesday. Honeywell International has a 1-year low of $105.25 and a 1-year high of $140.21. The company has a market capitalization of $102.64 billion, a price-to-earnings ratio of 20.93 and a beta of 0.94. The stock has a 50 day moving average price of $136.42 and a 200 day moving average price of $130.09.

Honeywell International (NYSE:HON) last issued its earnings results on Friday, July 21st. The conglomerate reported $1.80 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.78 by $0.02. The business had revenue of $10.08 billion for the quarter, compared to analysts’ expectations of $9.89 billion. Honeywell International had a return on equity of 26.60% and a net margin of 12.68%. The business’s revenue for the quarter was up .9% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.70 EPS. On average, equities analysts anticipate that Honeywell International will post $7.09 EPS for the current fiscal year.

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In other news, insider Timothy O. Mahoney sold 341,701 shares of the company’s stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $138.08, for a total transaction of $47,182,074.08. Following the sale, the insider now owns 294,155 shares of the company’s stock, valued at $40,616,922.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Linnet F. Deily sold 4,344 shares of the company’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $138.47, for a total value of $601,513.68. Following the sale, the director now directly owns 9,753 shares in the company, valued at approximately $1,350,497.91. The disclosure for this sale can be found here. Insiders have sold 469,799 shares of company stock worth $64,094,877 over the last 90 days. 1.56% of the stock is owned by insiders.

Hedge funds have recently bought and sold shares of the company. Crestwood Advisors Group LLC bought a new stake in Honeywell International during the first quarter worth $100,000. Peoples Financial Services CORP. raised its stake in Honeywell International by 62.2% in the first quarter. Peoples Financial Services CORP. now owns 811 shares of the conglomerate’s stock worth $101,000 after buying an additional 311 shares in the last quarter. Hanson McClain Inc. raised its stake in Honeywell International by 0.4% in the first quarter. Hanson McClain Inc. now owns 810 shares of the conglomerate’s stock worth $101,000 after buying an additional 3 shares in the last quarter. Burt Wealth Advisors raised its stake in Honeywell International by 65.4% in the second quarter. Burt Wealth Advisors now owns 759 shares of the conglomerate’s stock worth $101,000 after buying an additional 300 shares in the last quarter. Finally, Guidant Wealth Advisors raised its stake in Honeywell International by 15.8% in the second quarter. Guidant Wealth Advisors now owns 764 shares of the conglomerate’s stock worth $102,000 after buying an additional 104 shares in the last quarter. 76.49% of the stock is currently owned by institutional investors and hedge funds.

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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