Honeywell International Inc. (HON) Given Hold Rating at Credit Suisse Group AG
Credit Suisse Group AG reaffirmed their hold rating on shares of Honeywell International Inc. (NYSE:HON) in a research note published on Friday morning. The firm currently has a $113.35 price objective on the stock.
HON has been the subject of a number of other reports. Morgan Stanley raised their target price on shares of Honeywell International from $129.00 to $130.00 and gave the company an overweight rating in a report on Monday, July 25th. Bank of America Corp. set a $132.00 target price on shares of Honeywell International and gave the company a buy rating in a report on Monday, July 25th. Citigroup Inc. reissued a buy rating and issued a $132.00 target price on shares of Honeywell International in a report on Tuesday, July 26th. Barclays PLC raised their target price on shares of Honeywell International from $127.00 to $131.00 and gave the company an overweight rating in a report on Monday, July 25th. Finally, Sanford C. Bernstein reaffirmed an outperform rating on shares of Honeywell International in a research note on Monday, June 27th. Six analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. The company has a consensus rating of Buy and an average target price of $123.14.
Honeywell International (NYSE:HON) traded up 0.03% during mid-day trading on Friday, hitting $106.97. 4,104,758 shares of the stock were exchanged. The stock has a 50 day moving average of $115.34 and a 200-day moving average of $115.12. The stock has a market cap of $81.39 billion, a price-to-earnings ratio of 16.92 and a beta of 1.05. Honeywell International has a 52-week low of $93.71 and a 52-week high of $120.02.
Honeywell International (NYSE:HON) last posted its earnings results on Friday, July 22nd. The company reported $1.66 earnings per share for the quarter, beating analysts’ consensus estimates of $1.64 by $0.02. Honeywell International had a net margin of 12.60% and a return on equity of 26.84%. The firm earned $9.78 billion during the quarter, compared to analyst estimates of $10.13 billion. During the same period last year, the firm posted $1.51 earnings per share. Honeywell International’s revenue for the quarter was up 2.2% compared to the same quarter last year. Equities analysts predict that Honeywell International will post $6.68 EPS for the current fiscal year.
In related news, insider Timothy O. Mahoney sold 600 shares of the company’s stock in a transaction that occurred on Thursday, August 4th. The stock was sold at an average price of $116.29, for a total value of $69,774.00. Following the sale, the insider now owns 68,398 shares in the company, valued at $7,954,003.42. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Vice Chairman Andreas Kramvis sold 1,850 shares of the company’s stock in a transaction that occurred on Thursday, July 28th. The shares were sold at an average price of $114.80, for a total value of $212,380.00. Following the completion of the sale, the insider now owns 66,441 shares in the company, valued at approximately $7,627,426.80. The disclosure for this sale can be found here. 1.83% of the stock is owned by corporate insiders.
A number of large investors have recently modified their holdings of HON. Advisory Services Network LLC raised its stake in shares of Honeywell International by 0.5% in the third quarter. Advisory Services Network LLC now owns 10,273 shares of the company’s stock worth $1,198,000 after buying an additional 53 shares in the last quarter. Trust Co. of Oklahoma raised its stake in shares of Honeywell International by 6.4% in the third quarter. Trust Co. of Oklahoma now owns 22,572 shares of the company’s stock worth $2,632,000 after buying an additional 1,351 shares in the last quarter. Catawba Capital Management VA raised its stake in shares of Honeywell International by 3.6% in the third quarter. Catawba Capital Management VA now owns 34,889 shares of the company’s stock worth $4,068,000 after buying an additional 1,210 shares in the last quarter. First American Bank raised its stake in shares of Honeywell International by 92.7% in the third quarter. First American Bank now owns 22,462 shares of the company’s stock worth $2,619,000 after buying an additional 10,806 shares in the last quarter. Finally, Independence Advisors LLC purchased a new stake in shares of Honeywell International during the third quarter worth approximately $225,000. Hedge funds and other institutional investors own 76.50% of the company’s stock.
About Honeywell International
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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