Shares of Honeywell International Inc. (NYSE:HON) have earned an average rating of “Buy” from the sixteen research firms that are covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation and thirteen have given a buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $160.62.
A number of research analysts recently commented on HON shares. Deutsche Bank reissued a “buy” rating and issued a $171.00 price target on shares of Honeywell International in a report on Tuesday, November 28th. Royal Bank of Canada increased their price target on Honeywell International from $148.00 to $156.00 and gave the company an “outperform” rating in a report on Monday, October 23rd. Citigroup increased their price target on Honeywell International from $155.00 to $170.00 and gave the company a “buy” rating in a report on Monday, October 9th. Zacks Investment Research downgraded Honeywell International from a “buy” rating to a “hold” rating in a report on Thursday, November 30th. Finally, Oppenheimer increased their price target on Honeywell International from $155.00 to $168.00 and gave the company an “outperform” rating in a report on Thursday, December 14th.
Shares of Honeywell International (NYSE:HON) traded up $0.91 on Friday, reaching $158.69. The company had a trading volume of 3,762,288 shares, compared to its average volume of 3,060,000. The stock has a market capitalization of $120,100.00, a P/E ratio of 24.04, a P/E/G ratio of 2.41 and a beta of 0.99. Honeywell International has a 1 year low of $116.98 and a 1 year high of $159.85. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.35 and a quick ratio of 1.09.
Honeywell International (NYSE:HON) last issued its quarterly earnings results on Friday, October 20th. The conglomerate reported $1.75 EPS for the quarter, meeting analysts’ consensus estimates of $1.75. The firm had revenue of $10.12 billion during the quarter, compared to the consensus estimate of $10.05 billion. Honeywell International had a return on equity of 26.26% and a net margin of 12.85%. Honeywell International’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.60 earnings per share. sell-side analysts anticipate that Honeywell International will post 7.1 earnings per share for the current year.
Honeywell International declared that its board has approved a share repurchase program on Friday, December 8th that permits the company to buyback $6.50 billion in outstanding shares. This buyback authorization permits the conglomerate to buy shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.
In other Honeywell International news, VP Krishna Mikkilineni sold 13,074 shares of the stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $145.12, for a total transaction of $1,897,298.88. Following the transaction, the vice president now owns 104,998 shares of the company’s stock, valued at approximately $15,237,309.76. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Bradley T. Sheares sold 1,328 shares of the stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $146.41, for a total value of $194,432.48. Following the transaction, the director now directly owns 4,002 shares in the company, valued at approximately $585,932.82. The disclosure for this sale can be found here. Company insiders own 1.56% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in HON. Covenant Asset Management LLC raised its position in shares of Honeywell International by 2.1% during the 2nd quarter. Covenant Asset Management LLC now owns 16,346 shares of the conglomerate’s stock worth $2,179,000 after purchasing an additional 340 shares during the period. Johanson Financial Advisors Inc. raised its position in shares of Honeywell International by 6.5% during the 2nd quarter. Johanson Financial Advisors Inc. now owns 2,391 shares of the conglomerate’s stock worth $319,000 after purchasing an additional 146 shares during the period. Carlson Capital Management raised its position in shares of Honeywell International by 29.7% during the 2nd quarter. Carlson Capital Management now owns 8,108 shares of the conglomerate’s stock worth $1,081,000 after purchasing an additional 1,857 shares during the period. Appleton Partners Inc. MA raised its position in shares of Honeywell International by 14.6% during the 2nd quarter. Appleton Partners Inc. MA now owns 9,547 shares of the conglomerate’s stock worth $1,273,000 after purchasing an additional 1,219 shares during the period. Finally, Bank of Montreal Can raised its position in shares of Honeywell International by 23.0% during the 2nd quarter. Bank of Montreal Can now owns 1,225,698 shares of the conglomerate’s stock worth $163,375,000 after purchasing an additional 229,016 shares during the period. 76.36% of the stock is currently owned by institutional investors.
About Honeywell International
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.
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