Trading Report: Today, Honeywell International Inc. (HON) Receives $122.91 Consensus Target Price from Analysts

Today, Honeywell International Inc. (HON) Receives $122.91 Consensus Target Price from Analysts

Honeywell International Inc. (NYSE:HON) has earned an average rating of “Buy” from the twenty-two ratings firms that are presently covering the firm. Five equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $122.45.

A number of equities analysts have weighed in on the company. Argus reiterated a “buy” rating on shares of Honeywell International in a research note on Wednesday, October 12th. Morgan Stanley lifted their price objective on Honeywell International from $129.00 to $130.00 and gave the company an “overweight” rating in a research note 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. reiterated a “buy” rating and set a $132.00 price objective on shares of Honeywell International in a research note on Tuesday, July 26th. Finally, Barclays PLC lifted 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.

Honeywell International (NYSE:HON) opened at 109.00 on Wednesday. Honeywell International has a 52 week low of $93.71 and a 52 week high of $120.02. The company’s 50-day moving average price is $114.03 and its 200-day moving average price is $114.93. The company has a market capitalization of $82.94 billion, a price-to-earnings ratio of 17.24 and a beta of 1.05.

Honeywell International (NYSE:HON) last issued its quarterly earnings results on Friday, July 22nd. The company reported $1.66 EPS for the quarter, topping the Zacks’ consensus estimate of $1.64 by $0.02. The company earned $9.78 billion during the quarter, compared to analysts’ expectations of $10.13 billion. Honeywell International had a return on equity of 26.84% and a net margin of 12.60%. The firm’s revenue was up 2.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.51 EPS. Equities analysts forecast that Honeywell International will post $6.68 earnings per share for the current fiscal year.

In other Honeywell International news, VP Jennifer H. Mak sold 277 shares of the business’s stock in a transaction that occurred on 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 owns 420 shares of the company’s stock, valued at $48,526.80. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Timothy O. Mahoney sold 600 shares of the business’s stock in a transaction that occurred on 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 sale, the insider now directly 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 corporate insiders.

Hedge funds have recently made changes to their positions in the stock. Emerald Acquisition Ltd. purchased a new stake in shares of Honeywell International during the second quarter worth about $351,643,000. Vanguard Group Inc. raised its stake in shares of 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 shares of 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 shares of 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 shares of 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. 76.49% of the stock is currently owned by institutional investors.

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