Honeywell International Inc. (NYSE:HON) has been given a $128.00 price objective by investment analysts at Barclays PLC in a research note issued on Wednesday. The brokerage presently has a a “buy” rating on the stock. Barclays PLC’s price objective points to a potential upside of 19.15% from the stock’s previous close.
Other equities research analysts have also issued reports about the stock. Zacks Investment Research raised shares of Honeywell International from a “hold” rating to a “buy” rating and set a $127.00 target price for the company in a report on Monday, June 27th. Argus increased their price objective on shares of Honeywell International from $125.00 to $130.00 and gave the company a “buy” rating in a report on Tuesday, July 26th. Stifel Nicolaus cut their price objective on shares of Honeywell International from $129.00 to $125.00 and set a “buy” rating for the company in a report on Monday, July 25th. Bank of America Corp. set a $132.00 price objective on shares of Honeywell International and gave the company a “buy” rating in a report on Monday, July 25th. Finally, Citigroup Inc. reaffirmed a “buy” rating and set a $132.00 price objective on shares of Honeywell International in a report on Thursday, June 30th. Six equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. Honeywell International currently has an average rating of “Buy” and a consensus target price of $122.70.
Honeywell International (NYSE:HON) traded up 1.04% during midday trading on Wednesday, reaching $108.55. 3,157,666 shares of the company were exchanged. The company has a 50-day moving average of $114.49 and a 200 day moving average of $115.00. Honeywell International has a 52 week low of $93.71 and a 52 week high of $120.02. The firm has a market capitalization of $82.59 billion, a PE ratio of 17.17 and a beta of 1.05.
Honeywell International (NYSE:HON) last released its earnings results on Friday, July 22nd. The company reported $1.66 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.64 by $0.02. The company earned $9.78 billion during the quarter, compared to analyst estimates of $10.13 billion. Honeywell International had a net margin of 12.60% and a return on equity of 26.84%. The firm’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.51 EPS. Equities analysts predict that Honeywell International will post $6.68 earnings per share for the current year.
In other Honeywell International news, Vice Chairman Andreas Kramvis sold 1,850 shares of Honeywell International stock in a transaction dated Thursday, July 28th. The stock was sold at an average price of $114.80, for a total value of $212,380.00. Following the transaction, the insider now owns 66,441 shares in the company, valued at $7,627,426.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Timothy O. Mahoney sold 600 shares of Honeywell International stock in a transaction dated Thursday, August 4th. The shares were sold at an average price of $116.29, for a total value of $69,774.00. Following the completion of the transaction, the insider now owns 68,398 shares in the company, valued at approximately $7,954,003.42. The disclosure for this sale can be found here. 1.83% of the stock is owned by company insiders.
A number of institutional investors have recently bought and sold shares of the stock. Stratos Wealth Partners LTD. raised its position in Honeywell International by 10.6% in the first quarter. Stratos Wealth Partners LTD. now owns 21,367 shares of the company’s stock valued at $2,394,000 after buying an additional 2,044 shares during the period. Teachers Advisors Inc. raised its position in Honeywell International by 23.2% in the first quarter. Teachers Advisors Inc. now owns 1,791,364 shares of the company’s stock valued at $200,722,000 after buying an additional 336,816 shares during the period. TIAA CREF Investment Management LLC raised its position in Honeywell International by 4.0% in the first quarter. TIAA CREF Investment Management LLC now owns 8,715,518 shares of the company’s stock valued at $976,574,000 after buying an additional 332,057 shares during the period. Ngam Advisors L.P. raised its position in Honeywell International by 103.0% in the first quarter. Ngam Advisors L.P. now owns 399,459 shares of the company’s stock valued at $44,759,000 after buying an additional 202,666 shares during the period. Finally, Cornerstone Financial Partners LLC acquired a new stake in shares of Honeywell International during the first quarter worth $1,254,000. Institutional investors own 76.50% of the company’s stock.
Honeywell International Company Profile
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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