Honeywell International Inc. (HON) Reaches New 1-Year High at $120.02
Honeywell International Inc. (NYSE:HON) hit a new 52-week high on Thursday . The stock traded as high as $120.02 and last traded at $119.27, with a volume of 1,148,294 shares. The stock had previously closed at $119.05.
Several research analysts have issued reports on the company. Vetr upgraded Honeywell International from a “sell” rating to a “hold” rating and set a $112.65 price objective for the company in a research report on Wednesday, March 23rd. Citigroup Inc. reiterated a “buy” rating and issued a $132.00 price objective (up previously from $131.00) on shares of Honeywell International in a research report on Monday, April 25th. Oppenheimer Holdings Inc. reiterated a “buy” rating on shares of Honeywell International in a research report on Friday, May 13th. Morgan Stanley increased their price objective on Honeywell International from $123.00 to $126.00 and gave the stock an “overweight” rating in a research report on Monday, April 25th. Finally, Deutsche Bank AG reiterated a “buy” rating and issued a $120.00 price objective on shares of Honeywell International in a research report on Sunday, April 17th. Six analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Honeywell International presently has a consensus rating of “Buy” and an average price target of $120.73.
The stock has a market cap of $90.87 billion and a price-to-earnings ratio of 19.35. The firm’s 50-day moving average is $116.06 and its 200-day moving average is $109.96.
Honeywell International (NYSE:HON) last posted its quarterly earnings data on Friday, April 22nd. The company reported $1.53 EPS for the quarter, topping the Zacks’ consensus estimate of $1.50 by $0.03. The firm earned $9.52 billion during the quarter, compared to the consensus estimate of $9.37 billion. The firm’s quarterly revenue was up 3.4% on a year-over-year basis. During the same period in the prior year, the firm posted $1.41 EPS. On average, equities research analysts anticipate that Honeywell International Inc. will post $6.66 earnings per share for the current fiscal year.
In other news, VP Krishna Mikkilineni sold 13,000 shares of the business’s stock in a transaction 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 sale, the vice president now owns 75,355 shares of the company’s stock, valued at approximately $8,598,005.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Vice Chairman Roger Fradin sold 188,420 shares of the business’s stock in a transaction on Monday, April 18th. The stock was sold at an average price of $115.12, for a total value of $21,690,910.40. Following the completion of the sale, the insider now directly owns 319,364 shares in the company, valued at approximately $36,765,183.68. The disclosure for this sale can be found here.
Several hedge funds have recently bought and sold shares of the company. Employees Retirement System of Texas increased its stake in Honeywell International by 24.2% in the fourth quarter. Employees Retirement System of Texas now owns 181,100 shares of the company’s stock worth $18,757,000 after buying an additional 35,300 shares in the last quarter. Roosevelt Investment Group Inc. raised its stake in shares of Honeywell International by 20.2% in the fourth quarter. Roosevelt Investment Group Inc. now owns 346,865 shares of the company’s stock worth $35,925,000 after buying an additional 58,248 shares during the period. Gluskin Sheff & Assoc Inc. bought a new stake in shares of Honeywell International during the fourth quarter worth about $4,613,000. Foresters Investment Management Company Inc. raised its stake in shares of Honeywell International by 0.3% in the fourth quarter. Foresters Investment Management Company Inc. now owns 402,400 shares of the company’s stock worth $41,677,000 after buying an additional 1,100 shares during the period. Finally, Home Federal Bank of Tennessee bought a new stake in shares of Honeywell International during the fourth quarter worth about $2,216,000.
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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