Morgan Stanley reissued their overweight rating on shares of Honeywell International Inc. (NYSE:HON) in a research note published on Monday. Morgan Stanley currently has a $124.00 target price on the stock, down from their prior target price of $127.00.
HON has been the subject of a number of other reports. Bank of America Corp. set a $132.00 price objective on Honeywell International and gave the stock a buy rating in a research report on Monday, July 25th. Citigroup Inc. reissued a buy rating and set a $132.00 price objective on shares of Honeywell International in a research report on Tuesday, July 26th. Barclays PLC boosted their price objective on Honeywell International from $127.00 to $131.00 and gave the stock an overweight rating in a research report on Monday, July 25th. Credit Suisse Group AG reissued a hold rating on shares of Honeywell International in a research report on Saturday, July 9th. Finally, Sanford C. Bernstein reissued an outperform rating on shares of Honeywell International in a research report on Monday, June 27th. Five analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. The company currently has an average rating of Buy and an average price target of $122.70.
Honeywell International (NYSE:HON) opened at 108.26 on Monday. The company has a 50 day moving average of $114.25 and a 200 day moving average of $114.95. The stock has a market capitalization of $82.37 billion, a price-to-earnings ratio of 17.13 and a beta of 1.05. Honeywell International has a 12 month low of $93.71 and a 12 month high of $120.02.
Honeywell International (NYSE:HON) last issued its quarterly earnings results on Friday, July 22nd. The company reported $1.66 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.64 by $0.02. The company had revenue of $9.78 billion for 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 business’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same period in the prior year, the firm 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 Honeywell International news, SVP Katherine L. Adams sold 108,712 shares of the company’s stock in a transaction on Monday, August 15th. The stock was sold at an average price of $116.13, for a total value of $12,624,724.56. Following the sale, the senior vice president now owns 224,530 shares of the company’s stock, valued at $26,074,668.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO David M. Cote sold 534,505 shares of the company’s stock in a transaction on Friday, August 5th. The shares were sold at an average price of $116.15, for a total value of $62,082,755.75. Following the completion of the sale, the chief executive officer now directly owns 700,000 shares in the company, valued at approximately $81,305,000. The disclosure for this sale can be found here. 1.83% of the stock is owned by company insiders.
A number of hedge funds have recently bought and sold shares of the stock. Emerald Acquisition Ltd. purchased a new stake in Honeywell International during the second quarter valued at $351,643,000. Vanguard Group Inc. raised its stake in Honeywell International by 3.7% in the second quarter. Vanguard Group Inc. now owns 44,675,101 shares of the company’s stock worth $5,196,607,000 after buying an additional 1,587,804 shares during the last quarter. UBS Asset Management Americas Inc. raised its stake in Honeywell International by 92.4% in the second quarter. UBS Asset Management Americas Inc. now owns 3,223,146 shares of the company’s stock worth $374,917,000 after buying an additional 1,547,970 shares during the last quarter. Boston Partners raised its stake in Honeywell International by 49.6% in the second quarter. Boston Partners now owns 3,319,023 shares of the company’s stock worth $386,068,000 after buying an additional 1,100,961 shares during the last quarter. Finally, Investec Asset Management LTD raised its stake in Honeywell International by 79.9% in the first quarter. Investec Asset Management LTD now owns 2,069,606 shares of the company’s stock worth $231,899,000 after buying an additional 918,891 shares during the last quarter. 76.50% of the stock is currently owned by 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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