Jefferies Group restated their buy rating on shares of Honeywell International Inc. (NYSE:HON) in a research report report published on Friday morning. They currently have a $130.00 price target on the stock.
“After the market closed, Honeywell provided restated segment results to account for its new organizational structure, to account for the recent acquisition of Intelligrated and to detail the outlook of the business with the Spin-off of AdvanSix and the divestiture of HTSI. It announced restructuring actions and indicated full year earnings would be in the $6.60 to $6.64 EPS range.”,” Jefferies Group’s analyst commented.
A number of other research firms also recently issued reports on HON. Sanford C. Bernstein reiterated an outperform rating and issued a $135.00 price objective on shares of Honeywell International in a report on Wednesday, July 6th. Credit Suisse Group AG reiterated a neutral rating and issued a $114.00 price objective on shares of Honeywell International in a report on Monday, July 25th. Morgan Stanley set a $130.00 price objective on Honeywell International and gave the stock a buy rating in a report on Monday, August 22nd. Robert W. Baird initiated coverage on Honeywell International in a report on Thursday, October 6th. They issued an outperform rating and a $135.00 price objective for the company. Finally, Oppenheimer Holdings Inc. reiterated an outperform rating and issued a $128.00 price objective on shares of Honeywell International in a report on Monday, July 25th. Six analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. Honeywell International presently has an average rating of Buy and an average price target of $123.26.
Shares of Honeywell International (NYSE:HON) opened at 105.78 on Friday. The company has a market capitalization of $80.49 billion, a PE ratio of 16.73 and a beta of 1.05. Honeywell International has a 1-year low of $93.71 and a 1-year high of $120.02. The stock’s 50 day moving average price is $114.76 and its 200-day moving average price is $115.05.
Honeywell International (NYSE:HON) last posted its quarterly earnings data on Friday, July 22nd. The company reported $1.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.64 by $0.02. The business earned $9.78 billion during the quarter, compared to the consensus estimate of $10.13 billion. Honeywell International had a return on equity of 26.84% and a net margin of 12.60%. The firm’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.51 earnings per share. On average, equities analysts predict that Honeywell International will post $6.68 EPS for the current year.
In other news, Vice Chairman Andreas Kramvis sold 1,850 shares of the firm’s 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 of the company’s stock, valued at $7,627,426.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Jennifer H. Mak sold 277 shares of the firm’s stock in a transaction dated Friday, July 29th. The stock was sold at an average price of $115.54, for a total value of $32,004.58. Following the completion of the transaction, 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 owned by company insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of HON. American National Bank increased its position in Honeywell International by 112.0% in the second quarter. American National Bank now owns 956 shares of the company’s stock valued at $111,000 after buying an additional 505 shares during the period. First Personal Financial Services increased its position in Honeywell International by 128.1% in the second quarter. First Personal Financial Services now owns 974 shares of the company’s stock valued at $113,000 after buying an additional 547 shares during the period. Ironwood Financial llc bought a new position in Honeywell International during the first quarter valued at approximately $122,000. Bruderman Asset Management LLC increased its position in Honeywell International by 19.6% in the second quarter. Bruderman Asset Management LLC now owns 1,048 shares of the company’s stock valued at $122,000 after buying an additional 172 shares during the period. Finally, Cable Hill Partners LLC increased its position in Honeywell International by 364.0% in the second quarter. Cable Hill Partners LLC now owns 1,109 shares of the company’s stock valued at $130,000 after buying an additional 870 shares during the period. 76.50% of the stock is currently owned by hedge funds and other institutional investors.
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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