Bank of America Corp. Reaffirms Buy Rating for Honeywell International Inc. (HON)
Bank of America Corp. reaffirmed their buy rating on shares of Honeywell International Inc. (NYSE:HON) in a research note published on Friday. The firm currently has a $125.00 price target on the stock.
Other equities research analysts have also issued research reports about the company. Credit Suisse Group AG reaffirmed a hold rating on shares of Honeywell International in a report on Saturday, July 9th. Oppenheimer Holdings Inc. reaffirmed an outperform rating and issued a $128.00 price objective on shares of Honeywell International in a report on Monday, July 25th. Barclays PLC lifted their price objective on Honeywell International from $127.00 to $131.00 and gave the company an overweight rating in a report on Monday, July 25th. 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, Sanford C. Bernstein reaffirmed an outperform rating and issued a $135.00 price objective on shares of Honeywell International in a report on Monday, July 25th. Six analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. Honeywell International has a consensus rating of Buy and a consensus target price of $123.26.
Honeywell International (NYSE:HON) opened at 105.78 on Friday. The company has a 50-day moving average price of $114.76 and a 200 day moving average price of $115.05. The stock has a market capitalization of $80.49 billion, a price-to-earnings ratio of 16.73 and a beta of 1.05. Honeywell International has a 12 month low of $93.71 and a 12 month high of $120.02.
Honeywell International (NYSE:HON) last announced its quarterly earnings data on Friday, July 22nd. The company reported $1.66 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.64 by $0.02. Honeywell International had a return on equity of 26.84% and a net margin of 12.60%. The company 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 company earned $1.51 EPS. The firm’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 earnings per share for the current year.
In other Honeywell International news, Vice Chairman Andreas Kramvis sold 1,850 shares of the company’s stock in a transaction dated 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 transaction, the insider now directly owns 66,441 shares of the company’s stock, valued at approximately $7,627,426.80. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Jennifer H. Mak sold 277 shares of the company’s stock in a transaction dated Friday, July 29th. The shares were sold at an average price of $115.54, for a total transaction of $32,004.58. Following the completion of the transaction, the vice president now directly owns 420 shares of the company’s stock, valued at $48,526.80. The disclosure for this sale can be found here. 1.83% of the stock is currently owned by company insiders.
Institutional investors have recently bought and sold shares of the stock. Virginia Retirement System purchased a new position in Honeywell International during the first quarter worth $26,754,000. Buffington Mohr McNeal raised its stake in shares of Honeywell International by 222.1% in the first quarter. Buffington Mohr McNeal now owns 21,210 shares of the company’s stock worth $2,377,000 after buying an additional 14,626 shares during the period. Mn Services Vermogensbeheer B.V. bought a new stake in shares of Honeywell International during the first quarter worth about $1,805,000. Aperio Group LLC raised its stake in shares of Honeywell International by 9.3% in the first quarter. Aperio Group LLC now owns 337,410 shares of the company’s stock worth $37,807,000 after buying an additional 28,631 shares during the period. Finally, Commonwealth Equity Services Inc raised its stake in shares of Honeywell International by 4.9% in the first quarter. Commonwealth Equity Services Inc now owns 148,432 shares of the company’s stock worth $16,632,000 after buying an additional 6,876 shares during the period. 76.50% of the stock is owned by institutional investors.
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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