Honeywell International Inc. (NYSE:HON)‘s stock had its “buy” rating restated by investment analysts at Robert W. Baird in a research note issued to investors on Wednesday. They currently have a $156.00 price target on the conglomerate’s stock. Robert W. Baird’s price target would suggest a potential upside of 8.85% from the company’s current price.
Other analysts have also recently issued reports about the stock. HSBC Holdings plc initiated coverage on shares of Honeywell International in a report on Wednesday, June 21st. They set a “buy” rating and a $147.00 price target for the company. Cowen and Company restated a “buy” rating and set a $150.00 price target on shares of Honeywell International in a report on Tuesday. Citigroup Inc. raised their price target on shares of Honeywell International from $155.00 to $170.00 and gave the stock a “buy” rating in a report on Monday. Jefferies Group LLC restated a “buy” rating and set a $155.00 price target on shares of Honeywell International in a report on Tuesday, August 22nd. Finally, Royal Bank Of Canada set a $148.00 price target on shares of Honeywell International and gave the stock a “buy” rating in a report on Sunday, August 27th. One research analyst has rated the stock with a hold rating and sixteen have given a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $147.85.
Shares of Honeywell International (HON) traded down 0.47% during trading on Wednesday, hitting $142.63. 1,703,593 shares of the company traded hands. Honeywell International has a one year low of $105.26 and a one year high of $145.30. The stock has a market cap of $108.48 billion, a price-to-earnings ratio of 22.11 and a beta of 0.95. The firm has a 50 day moving average price of $139.31 and a 200-day moving average price of $134.10.
Honeywell International (NYSE:HON) last released its earnings results on Friday, July 21st. The conglomerate reported $1.80 earnings per share for the quarter, topping 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 firm’s quarterly revenue was up .9% compared to the same quarter last year. During the same period last year, the firm posted $1.70 earnings per share. Analysts predict that Honeywell International will post $7.09 EPS for the current year.
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In other Honeywell International news, Director Linnet F. Deily sold 4,344 shares of the company’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $138.47, for a total transaction of $601,513.68. Following the transaction, the director now directly owns 9,753 shares in the company, valued at approximately $1,350,497.91. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Rajeev Gautam sold 5,840 shares of the company’s stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $136.68, for a total transaction of $798,211.20. Following the transaction, the insider now owns 16,597 shares in the company, valued at $2,268,477.96. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 354,108 shares of company stock worth $48,886,463. Corporate insiders own 1.56% of the company’s stock.
Several hedge funds have recently made changes to their positions in the company. First National Bank of Mount Dora Trust Investment Services increased its stake in shares of Honeywell International by 6.8% in the 3rd quarter. First National Bank of Mount Dora Trust Investment Services now owns 23,241 shares of the conglomerate’s stock valued at $3,295,000 after acquiring an additional 1,471 shares during the last quarter. Fulton Bank N.A. increased its stake in shares of Honeywell International by 7.6% in the 3rd quarter. Fulton Bank N.A. now owns 19,100 shares of the conglomerate’s stock valued at $2,707,000 after acquiring an additional 1,347 shares during the last quarter. Neville Rodie & Shaw Inc. increased its stake in shares of Honeywell International by 3.1% in the 3rd quarter. Neville Rodie & Shaw Inc. now owns 53,495 shares of the conglomerate’s stock valued at $7,583,000 after acquiring an additional 1,600 shares during the last quarter. Curbstone Financial Management Corp increased its stake in shares of Honeywell International by 92.5% in the 3rd quarter. Curbstone Financial Management Corp now owns 8,982 shares of the conglomerate’s stock valued at $1,273,000 after acquiring an additional 4,316 shares during the last quarter. Finally, Intl Fcstone Inc. bought a new stake in shares of Honeywell International in the 2nd quarter valued at about $294,000. 75.77% of the stock is owned by institutional investors.
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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