Equities researchers at Barclays started coverage on shares of Honeywell International (NYSE:HON) in a note issued to investors on Thursday. The brokerage set an “overweight” rating on the conglomerate’s stock.
Other research analysts also recently issued reports about the company. Cowen reiterated a “buy” rating and issued a $150.00 price target on shares of Honeywell International in a report on Thursday, October 19th. Jefferies Group lifted their price target on Honeywell International from $162.00 to $180.00 and gave the company a “buy” rating in a report on Thursday, December 14th. Robert W. Baird reiterated a “buy” rating and issued a $187.00 price target on shares of Honeywell International in a report on Friday, January 26th. Zacks Investment Research downgraded Honeywell International from a “buy” rating to a “hold” rating in a report on Thursday, November 30th. Finally, Stifel Nicolaus cut their price target on Honeywell International from $171.00 to $169.00 and set a “buy” rating on the stock in a report on Thursday, December 14th. Three research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $163.93.
Honeywell International (NYSE:HON) opened at $150.38 on Thursday. Honeywell International has a fifty-two week low of $122.40 and a fifty-two week high of $165.13. The stock has a market capitalization of $111,672.29, a price-to-earnings ratio of 72.30, a PEG ratio of 2.10 and a beta of 0.96. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.38 and a quick ratio of 1.13.
Honeywell International (NYSE:HON) last announced its quarterly earnings results on Friday, January 26th. The conglomerate reported $1.85 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.84 by $0.01. Honeywell International had a return on equity of 27.27% and a net margin of 4.08%. The business had revenue of $10.84 billion for the quarter, compared to the consensus estimate of $10.80 billion. During the same period last year, the business posted $1.74 EPS. The business’s revenue was up 8.6% compared to the same quarter last year. sell-side analysts anticipate that Honeywell International will post 7.97 earnings per share for the current fiscal year.
Honeywell International announced that its Board of Directors has approved a share buyback program on Friday, December 8th that permits the company to buyback $6.50 billion in shares. This buyback authorization permits the conglomerate to reacquire shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s board believes its stock is undervalued.
A number of institutional investors and hedge funds have recently modified their holdings of HON. Vanguard Group Inc. lifted 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 buying an additional 1,234,672 shares during the period. BlackRock Inc. lifted its holdings in shares of Honeywell International by 5.8% in the 4th quarter. BlackRock Inc. now owns 47,575,018 shares of the conglomerate’s stock valued at $7,296,103,000 after buying an additional 2,627,000 shares during the period. Ameriprise Financial Inc. lifted its holdings in shares of Honeywell International by 1.6% in the 3rd quarter. Ameriprise Financial Inc. now owns 13,530,401 shares of the conglomerate’s stock valued at $1,918,100,000 after buying an additional 207,142 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Honeywell International by 4.5% in the 4th quarter. Geode Capital Management LLC now owns 8,525,277 shares of the conglomerate’s stock valued at $1,304,881,000 after buying an additional 369,046 shares during the period. Finally, FMR LLC lifted its holdings in shares of Honeywell International by 9.3% in the 2nd quarter. FMR LLC now owns 8,405,703 shares of the conglomerate’s stock valued at $1,120,396,000 after buying an additional 714,881 shares during the period. 76.08% of the stock is owned by institutional investors.
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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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