Honeywell International Inc. (HON) Given New $170.00 Price Target at Citigroup Inc.

Honeywell International Inc. (NYSE:HON) had its price target upped by Citigroup Inc. from $155.00 to $170.00 in a report released on Monday. They currently have a buy rating on the conglomerate’s stock.

A number of other research analysts have also recently issued reports on HON. Cowen and Company reaffirmed an outperform rating and issued a $150.00 target price (up from $140.00) on shares of Honeywell International in a report on Tuesday, August 8th. Zacks Investment Research cut shares of Honeywell International from a buy rating to a hold rating in a research note on Monday, August 14th. Jefferies Group LLC reissued a buy rating and set a $155.00 price objective on shares of Honeywell International in a research note on Thursday, September 28th. BidaskClub raised shares of Honeywell International from a hold rating to a buy rating in a research note on Sunday, August 6th. Finally, Credit Suisse Group reissued a neutral rating and set a $139.00 price objective (up from $131.00) on shares of Honeywell International in a research note on Tuesday, July 25th. One investment analyst has rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus price target of $144.74.

Honeywell International (NYSE HON) opened at 143.60 on Monday. Honeywell International has a one year low of $105.26 and a one year high of $145.30. The firm has a market capitalization of $109.22 billion, a PE ratio of 22.27 and a beta of 0.95. The stock’s 50 day moving average price is $139.09 and its 200 day moving average price is $133.97.

Honeywell International (NYSE:HON) last issued its earnings results on Friday, July 21st. The conglomerate reported $1.80 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.78 by $0.02. Honeywell International had a net margin of 12.68% and a return on equity of 26.60%. The company had revenue of $10.08 billion during the quarter, compared to analysts’ expectations of $9.89 billion. During the same period last year, the company posted $1.70 earnings per share. The firm’s quarterly revenue was up .9% compared to the same quarter last year. Analysts expect that Honeywell International will post $7.09 EPS for the current year.

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The company also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Friday, November 17th will be paid a $0.745 dividend. This is a boost from Honeywell International’s previous quarterly dividend of $0.67. This represents a $2.98 annualized dividend and a yield of 2.08%. The ex-dividend date of this dividend is Thursday, November 16th. Honeywell International’s payout ratio is presently 41.24%.

In other Honeywell International news, VP Jennifer H. Mak sold 420 shares of Honeywell International stock in a transaction on Thursday, July 27th. The shares were sold at an average price of $136.66, for a total value of $57,397.20. Following the transaction, the vice president now owns 1,363 shares in the company, valued at approximately $186,267.58. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Rajeev Gautam sold 5,840 shares of Honeywell International stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $136.68, for a total transaction of $798,211.20. Following the completion of the transaction, the insider now owns 16,597 shares in the company, valued at approximately $2,268,477.96. The disclosure for this sale can be found here. Insiders sold a total of 354,108 shares of company stock valued at $48,886,463 over the last ninety days. 1.56% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently made changes to their positions in HON. Janus Henderson Group PLC boosted its holdings in shares of Honeywell International by 4,986.7% in the 2nd quarter. Janus Henderson Group PLC now owns 4,395,092 shares of the conglomerate’s stock valued at $585,822,000 after purchasing an additional 4,308,688 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of Honeywell International by 38.9% in the 2nd quarter. Ameriprise Financial Inc. now owns 13,323,259 shares of the conglomerate’s stock valued at $1,776,394,000 after purchasing an additional 3,728,533 shares during the last quarter. Clearbridge Investments LLC boosted its holdings in shares of Honeywell International by 69.2% in the 1st quarter. Clearbridge Investments LLC now owns 5,171,598 shares of the conglomerate’s stock valued at $645,777,000 after purchasing an additional 2,114,627 shares during the last quarter. Harbour Capital Advisors LLC boosted its holdings in shares of Honeywell International by 13,551.7% in the 2nd quarter. Harbour Capital Advisors LLC now owns 1,804,613 shares of the conglomerate’s stock valued at $13,539,000 after purchasing an additional 1,791,394 shares during the last quarter. Finally, Vanguard Group Inc. boosted its holdings in shares of Honeywell International by 2.5% in the 2nd quarter. Vanguard Group Inc. now owns 49,713,013 shares of the con

A number of other research analysts have also recently issued reports on HON. Cowen and Company reaffirmed an outperform rating and issued a $150.00 target price (up from $140.00) on shares of Honeywell International in a report on Tuesday, August 8th. Zacks Investment Research cut shares of Honeywell International from a buy rating to a hold rating in a research note on Monday, August 14th. Jefferies Group LLC reissued a buy rating and set a $155.00 price objective on shares of Honeywell International in a research note on Thursday, September 28th. BidaskClub raised shares of Honeywell International from a hold rating to a buy rating in a research note on Sunday, August 6th. Finally, Credit Suisse Group reissued a neutral rating and set a $139.00 price objective (up from $131.00) on shares of Honeywell International in a research note on Tuesday, July 25th. One investment analyst has rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus price target of $144.74.

Honeywell International (NYSE HON) opened at 143.60 on Monday. Honeywell International has a one year low of $105.26 and a one year high of $145.30. The firm has a market capitalization of $109.22 billion, a PE ratio of 22.27 and a beta of 0.95. The stock’s 50 day moving average price is $139.09 and its 200 day moving average price is $133.97.

Honeywell International (NYSE:HON) last issued its earnings results on Friday, July 21st. The conglomerate reported $1.80 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.78 by $0.02. Honeywell International had a net margin of 12.68% and a return on equity of 26.60%. The company had revenue of $10.08 billion during the quarter, compared to analysts’ expectations of $9.89 billion. During the same period last year, the company posted $1.70 earnings per share. The firm’s quarterly revenue was up .9% compared to the same quarter last year. Analysts expect that Honeywell International will post $7.09 EPS for the current year.

COPYRIGHT VIOLATION WARNING: This piece was published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this piece on another website, it was illegally copied and reposted in violation of international trademark & copyright legislation. The correct version of this piece can be accessed at https://ledgergazette.com/2017/10/10/honeywell-international-inc-hon-given-new-170-00-price-target-at-citigroup-inc.html.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Friday, November 17th will be paid a $0.745 dividend. This is a boost from Honeywell International’s previous quarterly dividend of $0.67. This represents a $2.98 annualized dividend and a yield of 2.08%. The ex-dividend date of this dividend is Thursday, November 16th. Honeywell International’s payout ratio is presently 41.24%.

In other Honeywell International news, VP Jennifer H. Mak sold 420 shares of Honeywell International stock in a transaction on Thursday, July 27th. The shares were sold at an average price of $136.66, for a total value of $57,397.20. Following the transaction, the vice president now owns 1,363 shares in the company, valued at approximately $186,267.58. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Rajeev Gautam sold 5,840 shares of Honeywell International stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $136.68, for a total transaction of $798,211.20. Following the completion of the transaction, the insider now owns 16,597 shares in the company, valued at approximately $2,268,477.96. The disclosure for this sale can be found here. Insiders sold a total of 354,108 shares of company stock valued at $48,886,463 over the last ninety days. 1.56% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently made changes to their positions in HON. Janus Henderson Group PLC boosted its holdings in shares of Honeywell International by 4,986.7% in the 2nd quarter. Janus Henderson Group PLC now owns 4,395,092 shares of the conglomerate’s stock valued at $585,822,000 after purchasing an additional 4,308,688 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of Honeywell International by 38.9% in the 2nd quarter. Ameriprise Financial Inc. now owns 13,323,259 shares of the conglomerate’s stock valued at $1,776,394,000 after purchasing an additional 3,728,533 shares during the last quarter. Clearbridge Investments LLC boosted its holdings in shares of Honeywell International by 69.2% in the 1st quarter. Clearbridge Investments LLC now owns 5,171,598 shares of the conglomerate’s stock valued at $645,777,000 after purchasing an additional 2,114,627 shares during the last quarter. Harbour Capital Advisors LLC boosted its holdings in shares of Honeywell International by 13,551.7% in the 2nd quarter. Harbour Capital Advisors LLC now owns 1,804,613 shares of the conglomerate’s stock valued at $13,539,000 after purchasing an additional 1,791,394 shares during the last quarter. Finally, Vanguard Group Inc. boosted its holdings in shares of Honeywell International by 2.5% in the 2nd quarter. Vanguard Group Inc. now owns 49,713,013 shares of the conglomerate’s stock valued at $6,626,247,000 after purchasing an additional 1,234,672 shares during the last quarter. Institutional investors own 75.77% of the company’s stock.

Honeywell International Company Profile

Honeywell International Inc is a technology and manufacturing company. The Company operates through four segments: Aerospace, Home and Building Technologies, Performance Materials and Technologies, and Safety and Productivity Solutions. The Company’s Aerospace segment supplies products, software and services for aircraft and vehicles that it sells to original equipment manufacturers (OEMs) and other customers.

Analyst Recommendations for Honeywell International (NYSE:HON)

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