The Honeywell International’s (HON) “Outperform” Rating Reaffirmed at Oppenheimer Holdings Inc.

The Honeywell International’s (HON) “Outperform” Rating Reaffirmed at Oppenheimer Holdings Inc.

Oppenheimer Holdings Inc. restated their outperform rating on shares of Honeywell International Inc. (NYSE:HON) in a report released on Wednesday morning. The firm currently has a $122.00 price target on the stock, down from their prior price target of $128.00.

Several other equities analysts have also issued reports on the stock. Morgan Stanley restated an overweight rating and issued a $124.00 target price (down previously from $127.00) on shares of Honeywell International in a report on Monday. RBC Capital Markets restated an outperform rating and issued a $133.00 target price (down previously from $138.00) on shares of Honeywell International in a report on Monday. Citigroup Inc. dropped their target price on shares of Honeywell International from $131.25 to $128.00 and set a buy rating on the stock in a report on Monday. Royal Bank Of Canada dropped their target price on shares of Honeywell International from $138.00 to $133.00 and set an outperform rating on the stock in a report on Monday. Finally, Goldman Sachs Group Inc. lowered shares of Honeywell International from a conviction-buy rating to a buy rating and set a $122.00 target price on the stock. in a report on Monday. Six analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. The company has a consensus rating of Buy and an average price target of $122.83.

Honeywell International (NYSE:HON) traded up 0.11% during trading on Wednesday, hitting $107.55. 1,274,985 shares of the stock were exchanged. The firm’s 50-day moving average is $114.49 and its 200 day moving average is $115.00. The firm has a market cap of $81.83 billion, a PE ratio of 17.01 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 earnings results on Friday, July 22nd. The company reported $1.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.64 by $0.02. The business 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%. Honeywell International’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.51 earnings per share. Analysts expect that Honeywell International will post $6.68 earnings per share for the current fiscal year.

In related news, SVP Katherine L. Adams sold 108,712 shares of the company’s stock in a transaction that occurred on Monday, August 15th. The shares were sold at an average price of $116.13, for a total transaction of $12,624,724.56. Following the sale, the senior vice president now directly owns 224,530 shares in the company, valued at approximately $26,074,668.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Vice Chairman Andreas Kramvis sold 1,850 shares of the company’s stock in a transaction that occurred on Thursday, July 28th. The shares were sold at an average price of $114.80, for a total transaction of $212,380.00. Following the sale, the insider now owns 66,441 shares in the company, valued at $7,627,426.80. The disclosure for this sale can be found here. Corporate insiders own 1.83% of the company’s stock.

Several hedge funds have recently made changes to their positions in the stock. Ngam Advisors L.P. boosted its stake 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 in the last quarter. Cornerstone Financial Partners LLC purchased a new stake in Honeywell International during the first quarter valued at about $1,254,000. Ironwood Financial llc purchased a new stake in Honeywell International during the first quarter valued at about $122,000. Dubuque Bank & Trust Co. boosted its stake in Honeywell International by 49.7% in the first quarter. Dubuque Bank & Trust Co. now owns 16,773 shares of the company’s stock valued at $1,879,000 after buying an additional 5,566 shares in the last quarter. Finally, WASHINGTON TRUST Co boosted its stake in Honeywell International by 10.8% in the first quarter. WASHINGTON TRUST Co now owns 4,033 shares of the company’s stock valued at $452,000 after buying an additional 394 shares in the last quarter. Institutional investors own 76.50% of the company’s stock.

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