Honeywell International Inc. (HON) Given Outperform Rating at RBC Capital Markets
RBC Capital Markets reissued their outperform rating on shares of Honeywell International Inc. (NYSE:HON) in a report published on Monday. RBC Capital Markets currently has a $133.00 price target on the stock, down from their prior price target of $138.00.
Several other research firms have also recently commented on HON. Sanford C. Bernstein reissued an outperform rating and set a $135.00 target price on shares of Honeywell International in a research note on Wednesday, July 6th. Credit Suisse Group AG reaffirmed a neutral rating and set a $114.00 price objective on shares of Honeywell International in a research report on Monday, July 25th. Citigroup Inc. lowered their price objective on Honeywell International from $131.25 to $128.00 and set a buy rating for the company in a research report on Monday. Morgan Stanley set a $130.00 price objective on Honeywell International and gave the stock a buy rating in a research report on Monday, August 22nd. Finally, Robert W. Baird began coverage on Honeywell International in a research report on Thursday, October 6th. They set an outperform rating and a $135.00 price objective for the company. Five equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. The stock presently has an average rating of Buy and a consensus price target of $122.70.
Honeywell International (NYSE:HON) opened at 108.26 on Monday. The stock has a market capitalization of $82.37 billion, a PE ratio of 17.13 and a beta of 1.05. Honeywell International has a 12 month low of $93.71 and a 12 month high of $120.02. The company’s 50-day moving average price is $114.25 and its 200 day moving average price is $114.95.
Honeywell International (NYSE:HON) last released its earnings results 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. Honeywell International had a return on equity of 26.84% and a net margin of 12.60%. The firm earned $9.78 billion during the quarter, compared to analysts’ expectations of $10.13 billion. During the same period in the previous year, the firm posted $1.51 EPS. Honeywell International’s revenue for the quarter was up 2.2% on a year-over-year basis. On average, analysts forecast that Honeywell International will post $6.68 earnings per share 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 approximately $7,954,003.42. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO David M. Cote sold 534,505 shares of the company’s stock in a transaction that occurred on Friday, August 5th. The stock was sold at an average price of $116.15, for a total value of $62,082,755.75. Following the completion of the sale, the chief executive officer now owns 700,000 shares in the company, valued at approximately $81,305,000. The disclosure for this sale can be found here. 1.83% of the stock is owned by corporate insiders.
Several large investors have recently added to or reduced their stakes in the company. American National Bank boosted its stake in Honeywell International by 112.0% in the second quarter. American National Bank now owns 956 shares of the company’s stock worth $111,000 after buying an additional 505 shares in the last quarter. First Personal Financial Services boosted its stake in Honeywell International by 128.1% in the second quarter. First Personal Financial Services now owns 974 shares of the company’s stock worth $113,000 after buying an additional 547 shares in the last quarter. Ironwood Financial llc purchased a new stake in Honeywell International during the first quarter worth $122,000. Bruderman Asset Management LLC boosted its stake in Honeywell International by 19.6% in the second quarter. Bruderman Asset Management LLC now owns 1,048 shares of the company’s stock worth $122,000 after buying an additional 172 shares in the last quarter. Finally, Cable Hill Partners LLC boosted its stake in Honeywell International by 364.0% in the second quarter. Cable Hill Partners LLC now owns 1,109 shares of the company’s stock worth $130,000 after buying an additional 870 shares in the last quarter. Institutional investors and hedge funds 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.
Receive News & Ratings for Honeywell International Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Honeywell International Inc. and related companies with MarketBeat.com's FREE daily email newsletter.