Trade Report: The Royal Bank Of Canada Lowers Honeywell International Inc. (HON) Price Target to $133.00

The Royal Bank Of Canada Lowers Honeywell International Inc. (HON) Price Target to $133.00

Honeywell International Inc. (NYSE:HON) had its price target reduced by Royal Bank Of Canada from $138.00 to $133.00 in a research report report published on Monday morning. Royal Bank Of Canada currently has an outperform rating on the stock.

HON has been the subject of several other research reports. Morgan Stanley upped their price target on Honeywell International from $129.00 to $130.00 and gave the stock an overweight rating in a report on Monday, July 25th. Bank of America Corp. set a $132.00 price objective on Honeywell International and gave the company a buy rating in a research note on Monday, July 25th. Citigroup Inc. restated a buy rating and issued a $132.00 price objective on shares of Honeywell International in a research note on Tuesday, July 26th. Barclays PLC upped their price objective on Honeywell International from $127.00 to $131.00 and gave the company an overweight rating in a research note on Monday, July 25th. Finally, Credit Suisse Group AG restated a hold rating on shares of Honeywell International in a research note on Saturday, July 9th. Five equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average target price of $122.70.

Shares of Honeywell International (NYSE:HON) opened at 108.26 on Monday. Honeywell International has a 12-month low of $93.71 and a 12-month high of $120.02. The firm has a market cap of $82.37 billion, a P/E ratio of 17.13 and a beta of 1.05. The stock’s 50 day moving average price is $114.25 and its 200-day moving average price is $114.95.

Honeywell International (NYSE:HON) last announced its quarterly 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. Honeywell International had a return on equity of 26.84% and a net margin of 12.60%. The business earned $9.78 billion during the quarter, compared to the consensus estimate of $10.13 billion. During the same quarter in the prior year, the company posted $1.51 earnings per share. Honeywell International’s revenue was up 2.2% compared to the same quarter last year. On average, analysts predict 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 stock in a transaction dated Monday, August 15th. The stock was 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 owns 224,530 shares of the company’s stock, valued at approximately $26,074,668.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Jennifer H. Mak sold 277 shares of the 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 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. Corporate insiders own 1.83% of the company’s stock.

Hedge funds have recently modified their holdings of the company. American National Bank boosted its stake in shares of Honeywell International by 112.0% in the second quarter. American National Bank now owns 956 shares of the company’s stock worth $111,000 after buying an additional 505 shares during the period. First Personal Financial Services boosted its stake in shares of Honeywell International by 128.1% in the second quarter. First Personal Financial Services now owns 974 shares of the company’s stock worth $113,000 after buying an additional 547 shares during the period. Ironwood Financial llc bought a new stake in shares of Honeywell International during the first quarter worth about $122,000. Bruderman Asset Management LLC boosted its stake in shares of Honeywell International by 19.6% in the second quarter. Bruderman Asset Management LLC now owns 1,048 shares of the company’s stock worth $122,000 after buying an additional 172 shares during the period. Finally, Cable Hill Partners LLC boosted its stake in shares of Honeywell International by 364.0% in the second quarter. Cable Hill Partners LLC now owns 1,109 shares of the company’s stock worth $130,000 after buying an additional 870 shares during the period. 76.50% of the stock is currently owned by institutional investors and hedge funds.

Honeywell International Company Profile

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