Honeywell International Inc. (NYSE:HON)’s share price dropped 3.4% during trading on Friday . The company traded as low as $112.70 and last traded at $114.68, with a volume of 5,738,266 shares traded. The stock had previously closed at $118.66.

HON has been the subject of a number of analyst reports. Morgan Stanley boosted their price objective on Honeywell International from $119.00 to $123.00 in a research report on Thursday, April 7th. Jefferies Group boosted their price objective on Honeywell International from $120.00 to $130.00 and gave the stock a “buy” rating in a research report on Monday, April 25th. Stifel Nicolaus reissued a “buy” rating and set a $129.00 price objective (up from $127.00) on shares of Honeywell International in a research report on Monday, April 25th. Deutsche Bank AG reissued a “buy” rating and set a $120.00 price objective on shares of Honeywell International in a research report on Sunday, April 17th. Finally, Goldman Sachs Group Inc. reissued a “buy” rating and set a $126.00 price objective on shares of Honeywell International in a research report on Thursday, March 31st. Six investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Honeywell International presently has a consensus rating of “Buy” and an average price target of $120.73.

The stock has a market cap of $88.11 billion and a P/E ratio of 18.76. The firm’s 50 day moving average is $116.60 and its 200-day moving average is $110.34.

Honeywell International (NYSE:HON) last issued its earnings results on Friday, July 22nd. The company reported $1.66 EPS for the quarter, topping the consensus estimate of $1.64 by $0.02. The firm earned $9.78 billion during the quarter, compared to analyst estimates of $10.13 billion. During the same quarter in the previous year, the business posted $1.51 EPS. Honeywell International’s revenue was up 2.2% compared to the same quarter last year. On average, equities research analysts forecast that Honeywell International Inc. will post $6.66 EPS for the current fiscal year.

In related news, Vice Chairman Andreas Kramvis sold 51,405 shares of the firm’s stock in a transaction that occurred on Wednesday, April 27th. The stock was sold at an average price of $115.07, for a total value of $5,915,173.35. Following the sale, the insider now owns 127,614 shares of the company’s stock, valued at approximately $14,684,542.98. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Krishna Mikkilineni sold 13,000 shares of the firm’s stock in a transaction that occurred on Friday, May 27th. The stock was sold at an average price of $114.10, for a total value of $1,483,300.00. Following the completion of the sale, the vice president now directly owns 75,355 shares in the company, valued at approximately $8,598,005.50. The disclosure for this sale can be found here.

Several hedge funds recently made changes to their positions in HON. Schnieders Capital Management LLC increased its stake in shares of Honeywell International by 1.8% in the fourth quarter. Schnieders Capital Management LLC now owns 9,972 shares of the company’s stock valued at $1,033,000 after buying an additional 178 shares during the period. BHF Kleinwort Benson Group S.A. bought a new stake in shares of Honeywell International during the fourth quarter valued at about $1,036,000. Nelson Van Denburg & Campbell Wealth Management Group LLC increased its stake in shares of Honeywell International by 4.8% in the fourth quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 10,210 shares of the company’s stock valued at $1,057,000 after buying an additional 465 shares during the period. Investment Management of Virginia LLC increased its stake in shares of Honeywell International by 88.8% in the fourth quarter. Investment Management of Virginia LLC now owns 10,905 shares of the company’s stock valued at $1,129,000 after buying an additional 5,130 shares during the period. Finally, Bronfman E.L. Rothschild L.P. bought a new stake in shares of Honeywell International during the fourth quarter valued at about $1,180,000.

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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