Honeywell International Inc. (HON) Trading Down 3.4%
Shares of Honeywell International Inc. (NYSE:HON) fell 3.4% during trading on Friday . The stock traded as low as $112.70 and last traded at $114.68, with a volume of 5,738,266 shares. The stock had previously closed at $118.66.
Several research firms recently commented on HON. Morgan Stanley reaffirmed a “buy” rating on shares of Honeywell International in a report on Saturday, May 14th. Credit Suisse Group AG reissued a “hold” rating on shares of Honeywell International in a report on Saturday, July 9th. Barclays PLC raised their price objective on Honeywell International from $100.00 to $109.00 and gave the company an “equal weight” rating in a report on Monday, April 18th. Zacks Investment Research raised Honeywell International from a “hold” rating to a “buy” rating and set a $127.00 price objective on the stock in a report on Monday, June 27th. Finally, Oppenheimer Holdings Inc. reissued a “buy” rating on shares of Honeywell International in a report on Friday, May 13th. Six research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Honeywell International presently has an average rating of “Buy” and a consensus price target of $120.73.
The stock has a 50 day moving average of $116.62 and a 200-day moving average of $110.44. The firm has a market capitalization of $88.11 billion and a P/E ratio of 18.76.
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, 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 analyst estimates of $10.13 billion. During the same quarter in the previous year, the firm posted $1.51 EPS. The business’s revenue for the quarter was up 2.2% on a year-over-year basis. Equities analysts expect that Honeywell International Inc. will post $6.67 EPS for the current year.
In related news, CEO Timothy O. Mahoney sold 38,630 shares of the company’s stock in a transaction that occurred on Tuesday, May 10th. The stock was sold at an average price of $115.23, for a total value of $4,451,334.90. Following the sale, the chief executive officer now owns 65,259 shares in the company, valued at approximately $7,519,794.57. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Mark R. James sold 109,150 shares of the company’s stock in a transaction that occurred on Wednesday, April 27th. The stock was sold at an average price of $114.84, for a total value of $12,534,786.00. Following the completion of the sale, the senior vice president now owns 190,561 shares in the company, valued at approximately $21,884,025.24. The disclosure for this sale can be found here.
Several large investors have recently added to or reduced their stakes in the company. Morgan Stanley boosted its stake in Honeywell International by 7.6% in the fourth quarter. Morgan Stanley now owns 10,718,931 shares of the company’s stock worth $1,110,159,000 after buying an additional 759,268 shares in the last quarter. Vanguard Group Inc. boosted its stake in Honeywell International by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 41,688,512 shares of the company’s stock worth $4,317,680,000 after buying an additional 266,991 shares in the last quarter. OppenheimerFunds Inc. boosted its stake in Honeywell International by 22.0% in the fourth quarter. OppenheimerFunds Inc. now owns 1,182,209 shares of the company’s stock worth $122,461,000 after buying an additional 212,789 shares in the last quarter. Boston Partners boosted its stake in Honeywell International by 7.2% in the fourth quarter. Boston Partners now owns 2,146,180 shares of the company’s stock worth $222,280,000 after buying an additional 144,233 shares in the last quarter. Finally, Calamos Advisors LLC boosted its stake in Honeywell International by 45.3% in the fourth quarter. Calamos Advisors LLC now owns 461,979 shares of the company’s stock worth $47,847,000 after buying an additional 143,978 shares in the last quarter.
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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