Today: The Robert W. Baird Initiates Coverage on Honeywell International Inc. (HON)

The Robert W. Baird Initiates Coverage on Honeywell International Inc. (HON)

Investment analysts at Robert W. Baird initiated coverage on shares of Honeywell International Inc. (NYSE:HON) in a report released on Thursday. The firm set an “outperform” rating and a $135.00 price target on the stock. Robert W. Baird’s target price points to a potential upside of 26.24% from the stock’s current price.

Other equities analysts have also recently issued research reports about the company. Credit Suisse Group AG reiterated a “hold” rating on shares of Honeywell International in a report on Saturday, July 9th. Deutsche Bank AG reiterated a “buy” rating and set a $113.00 target price on shares of Honeywell International in a report on Thursday, August 25th. Morgan Stanley set a $130.00 target price on Honeywell International and gave the stock a “buy” rating in a report on Monday, August 22nd. Citigroup Inc. reiterated a “buy” rating and set a $132.00 target price on shares of Honeywell International in a report on Thursday, June 30th. Finally, Zacks Investment Research cut Honeywell International from a “buy” rating to a “hold” rating in a report on Wednesday, July 27th. Six equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $122.64.

Honeywell International (NYSE:HON) opened at 106.94 on Thursday. Honeywell International has a 52-week low of $93.71 and a 52-week high of $120.02. The firm has a market cap of $81.37 billion, a PE ratio of 16.92 and a beta of 1.05. The company’s 50 day moving average price is $115.34 and its 200 day moving average price is $115.12.

Honeywell International (NYSE:HON) last issued its quarterly earnings data on Friday, July 22nd. The company reported $1.66 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.64 by $0.02. The business had revenue of $9.78 billion for 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 revenue was up 2.2% compared to the same quarter last year. During the same quarter last year, the business posted $1.51 EPS. 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 Honeywell International stock in a transaction that occurred on Monday, August 15th. The shares were sold at an average price of $116.13, for a total value of $12,624,724.56. Following the transaction, the senior vice president now directly owns 224,530 shares of the company’s stock, valued at $26,074,668.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO David M. Cote sold 534,505 shares of Honeywell International stock in a transaction that occurred on Friday, August 5th. The shares were sold at an average price of $116.15, for a total transaction of $62,082,755.75. Following the completion of the transaction, the chief executive officer now directly owns 700,000 shares in the company, valued at $81,305,000. The disclosure for this sale can be found here. 1.83% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Krilogy Financial LLC boosted its position in shares of Honeywell International by 0.3% in the second quarter. Krilogy Financial LLC now owns 2,539 shares of the company’s stock worth $295,000 after buying an additional 8 shares during the period. Kanaly Trust Co boosted its position in shares of Honeywell International by 0.8% in the second quarter. Kanaly Trust Co now owns 1,823 shares of the company’s stock worth $212,000 after buying an additional 14 shares during the period. Hudock Capital Group LLC boosted its position in shares of Honeywell International by 0.5% in the second quarter. Hudock Capital Group LLC now owns 4,481 shares of the company’s stock worth $521,000 after buying an additional 22 shares during the period. Arvest Bank Trust Division boosted its position in shares of Honeywell International by 0.7% in the first quarter. Arvest Bank Trust Division now owns 3,402 shares of the company’s stock worth $381,000 after buying an additional 25 shares during the period. Finally, Eqis Capital Management Inc. boosted its position in shares of Honeywell International by 0.6% in the second quarter. Eqis Capital Management Inc. now owns 4,570 shares of the company’s stock worth $532,000 after buying an additional 27 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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