Honeywell International Inc. (NYSE:HON) had its price target trimmed by Citigroup Inc. from $131.25 to $128.00 in a report issued on Monday morning. The brokerage currently has a buy rating on the stock.
A number of other equities analysts also recently commented on the stock. Sanford C. Bernstein reaffirmed an outperform rating on shares of Honeywell International in a report on Monday, June 27th. Bank of America Corp. set a $132.00 price objective on shares of Honeywell International and gave the stock a buy rating in a report on Monday, July 25th. Morgan Stanley reaffirmed a buy rating and set a $127.00 price objective on shares of Honeywell International in a report on Tuesday, September 6th. Goldman Sachs Group Inc. downgraded shares of Honeywell International from a conviction-buy rating to a buy rating in a report on Monday. Finally, Credit Suisse Group AG reaffirmed a hold rating and set a $113.35 price objective on shares of Honeywell International in a report on Friday. Six investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average price target of $123.26.
Shares of Honeywell International (NYSE:HON) opened at 106.16 on Monday. The stock has a 50 day moving average of $115.07 and a 200-day moving average of $115.12. The firm has a market capitalization of $80.77 billion, a price-to-earnings ratio of 16.79 and a beta of 1.05. Honeywell International has a 52 week low of $93.71 and a 52 week high of $120.02.
Honeywell International (NYSE:HON) last released its quarterly earnings data on Friday, July 22nd. The company reported $1.66 EPS for the quarter, topping analysts’ consensus estimates of $1.64 by $0.02. The company earned $9.78 billion during the quarter, compared to the consensus estimate of $10.13 billion. Honeywell International had a net margin of 12.60% and a return on equity of 26.84%. The firm’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same period last year, the firm earned $1.51 EPS. Analysts expect that Honeywell International will post $6.68 earnings per share for the current year.
In other news, Vice Chairman Andreas Kramvis sold 1,850 shares of the business’s stock in a transaction on Thursday, July 28th. The shares were sold at an average price of $114.80, for a total value of $212,380.00. Following the sale, the insider now owns 66,441 shares of the company’s stock, valued at $7,627,426.80. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Jennifer H. Mak sold 277 shares of the business’s stock in a transaction on Friday, July 29th. The stock was sold at an average price of $115.54, for a total transaction of $32,004.58. Following the completion of the sale, the vice president now directly owns 420 shares in the company, valued at approximately $48,526.80. The disclosure for this sale can be found here. 1.83% of the stock is currently owned by company insiders.
Hedge funds have recently made changes to their positions in the company. Mn Services Vermogensbeheer B.V. acquired a new stake in shares of Honeywell International during the first quarter worth approximately $1,805,000. Buffington Mohr McNeal raised its stake in shares of Honeywell International by 222.1% in the first quarter. Buffington Mohr McNeal now owns 21,210 shares of the company’s stock worth $2,377,000 after buying an additional 14,626 shares in the last quarter. Virginia Retirement System acquired a new stake in shares of Honeywell International during the first quarter worth approximately $26,754,000. Badgley Phelps & Bell Inc. raised its stake in shares of Honeywell International by 3.2% in the first quarter. Badgley Phelps & Bell Inc. now owns 94,444 shares of the company’s stock worth $10,582,000 after buying an additional 2,967 shares in the last quarter. Finally, IFP Advisors Inc raised its stake in shares of Honeywell International by 21.6% in the first quarter. IFP Advisors Inc now owns 24,740 shares of the company’s stock worth $2,772,000 after buying an additional 4,387 shares in the last quarter. 76.50% of the stock is currently owned by institutional investors and hedge funds.
About Honeywell International
Honeywell International Inc (Honeywell) is a technology and manufacturing company. The Company operates in three segments: Aerospace, Automation and Control Solutions (ACS), and Performance Materials and Technologies (PMT). Its Aerospace segment supplies aircraft engines, integrated avionics, systems and service solutions, and related products and services for aircraft manufacturers, airlines, aircraft operators, military services, and defense and space contractors.
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