Honeywell International (HON) Given “Top Pick” Rating at UBS Group

UBS Group restated their top pick rating on shares of Honeywell International (NYSE:HON) in a report released on Thursday, The Fly reports.

A number of other equities analysts also recently issued reports on the company. Citigroup lowered their price objective on Honeywell International from $194.00 to $186.00 and set a buy rating for the company in a research report on Monday, October 22nd. Argus reaffirmed a buy rating on shares of Honeywell International in a research note on Monday, October 22nd. Credit Suisse Group decreased their target price on Honeywell International from $165.00 to $158.00 and set a neutral rating for the company in a research note on Tuesday, October 30th. HSBC cut Honeywell International from a buy rating to a hold rating and set a $162.00 target price for the company. in a research note on Tuesday, October 2nd. Finally, Deutsche Bank set a $169.00 target price on Honeywell International and gave the stock a buy rating in a research note on Monday, October 22nd. Five equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus price target of $170.34.

Shares of HON opened at $137.36 on Thursday. Honeywell International has a 1 year low of $123.48 and a 1 year high of $167.72. The company has a quick ratio of 1.20, a current ratio of 1.49 and a debt-to-equity ratio of 0.76. The stock has a market cap of $100.47 billion, a PE ratio of 19.32, a P/E/G ratio of 1.79 and a beta of 1.05.



Honeywell International (NYSE:HON) last issued its quarterly earnings data on Friday, October 19th. The conglomerate reported $2.03 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.99 by $0.04. Honeywell International had a return on equity of 33.69% and a net margin of 6.13%. The company had revenue of $10.76 billion during the quarter, compared to the consensus estimate of $10.75 billion. During the same period last year, the company earned $1.75 earnings per share. The firm’s revenue was up 6.3% compared to the same quarter last year. On average, research analysts anticipate that Honeywell International will post 7.99 EPS for the current fiscal year.

In other Honeywell International news, Director Jaime Chico /Fa Pardo sold 13,400 shares of the firm’s stock in a transaction that occurred on Wednesday, November 21st. The stock was sold at an average price of $145.13, for a total value of $1,944,742.00. Following the completion of the sale, the director now owns 13,607 shares of the company’s stock, valued at $1,974,783.91. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director D Scott Davis sold 3,963 shares of the firm’s stock in a transaction that occurred on Wednesday, November 14th. The shares were sold at an average price of $149.11, for a total value of $590,922.93. Following the completion of the sale, the director now directly owns 25,764 shares of the company’s stock, valued at approximately $3,841,670.04. The disclosure for this sale can be found here. Insiders sold 45,644 shares of company stock valued at $6,597,099 in the last three months. Insiders own 1.33% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the business. IMS Capital Management bought a new position in shares of Honeywell International in the third quarter valued at approximately $53,000. Welch Group LLC bought a new position in shares of Honeywell International in the third quarter valued at approximately $108,000. Global Trust Asset Management LLC lifted its holdings in shares of Honeywell International by 50.9% in the fourth quarter. Global Trust Asset Management LLC now owns 661 shares of the conglomerate’s stock valued at $87,000 after purchasing an additional 223 shares in the last quarter. Fort L.P. bought a new position in shares of Honeywell International in the second quarter valued at approximately $118,000. Finally, Squar Milner Financial Services LLC lifted its holdings in shares of Honeywell International by 155.4% in the third quarter. Squar Milner Financial Services LLC now owns 835 shares of the conglomerate’s stock valued at $139,000 after purchasing an additional 508 shares in the last quarter. 71.08% of the stock is owned by hedge funds and other institutional investors.

Honeywell International Company Profile

Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. It operates through four segments: Aerospace; Home and Building Technologies; Performance Materials and Technologies; and Safety and Productivity Solutions. The Aerospace segment supplies products, software, and services for aircraft and vehicles that it sells to original equipment manufacturers and other customers in various markets, including air transport, regional, business and general aviation aircraft, airlines, aircraft operators, defense and space contractors, and automotive and truck manufacturers.

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Analyst Recommendations for Honeywell International (NYSE:HON)

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