Honeywell International (NYSE:HON) Price Target Raised to $187.00

Honeywell International (NYSE:HON) had its price objective upped by Barclays from $186.00 to $187.00 in a report issued on Friday, BenzingaRatingsTable reports. They currently have an overweight rating on the conglomerate’s stock.

Several other research analysts also recently commented on HON. Credit Suisse Group reissued a neutral rating and set a $100.00 target price on shares of Procter & Gamble in a research note on Tuesday, April 23rd. Deutsche Bank boosted their target price on Keysight Technologies from $100.00 to $120.00 and gave the stock a buy rating in a research note on Monday, April 22nd. Morgan Stanley downgraded Silicon Motion Technology from an equal weight rating to an underweight rating in a research note on Monday, April 22nd. Zacks Investment Research downgraded HANNOVER RUECK/S from a hold rating to a sell rating in a research note on Monday, April 22nd. Finally, ValuEngine downgraded Zosano Pharma from a buy rating to a hold rating in a research note on Wednesday, May 1st. Three analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of Buy and an average target price of $179.36.

Shares of NYSE HON opened at $172.99 on Friday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.01 and a current ratio of 1.19. The firm has a market capitalization of $125.89 billion, a P/E ratio of 21.60, a price-to-earnings-growth ratio of 2.31 and a beta of 1.10. Honeywell International has a 12 month low of $123.48 and a 12 month high of $178.47. The business’s 50-day simple moving average is $173.37.



Honeywell International (NYSE:HON) last issued its earnings results on Thursday, July 18th. The conglomerate reported $2.10 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.08 by $0.02. The firm had revenue of $9.24 billion during the quarter, compared to the consensus estimate of $9.37 billion. Honeywell International had a return on equity of 32.02% and a net margin of 18.17%. The business’s quarterly revenue was down 15.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.12 earnings per share. As a group, equities research analysts forecast that Honeywell International will post 8.11 EPS for the current year.

In other news, CEO Vimal Kapur sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $169.58, for a total value of $847,900.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.73% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the company. Thoroughbred Financial Services LLC boosted its holdings in Honeywell International by 18,092.3% in the second quarter. Thoroughbred Financial Services LLC now owns 2,553,654 shares of the conglomerate’s stock valued at $255,365,000 after acquiring an additional 2,539,617 shares during the last quarter. 1832 Asset Management L.P. bought a new stake in Honeywell International in the fourth quarter valued at approximately $260,607,000. Millennium Management LLC boosted its holdings in Honeywell International by 146.7% in the fourth quarter. Millennium Management LLC now owns 2,200,205 shares of the conglomerate’s stock valued at $290,691,000 after acquiring an additional 1,308,339 shares during the last quarter. Two Sigma Advisers LP boosted its holdings in Honeywell International by 117.8% in the fourth quarter. Two Sigma Advisers LP now owns 1,416,434 shares of the conglomerate’s stock valued at $187,139,000 after acquiring an additional 766,200 shares during the last quarter. Finally, Bahl & Gaynor Inc. boosted its holdings in Honeywell International by 51.3% in the fourth quarter. Bahl & Gaynor Inc. now owns 1,642,620 shares of the conglomerate’s stock valued at $217,023,000 after acquiring an additional 557,009 shares during the last quarter. 75.71% of the stock is owned by institutional investors.

Honeywell International Company Profile

Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. Its Aerospace segment supplies products, software, and services for aircrafts and vehicles. This segment offers auxiliary power units, propulsion engines, integrated avionics, environmental control and electric power systems, engine controls, flight safety, communications, navigation hardware, data and software applications, radar and surveillance systems, aircraft lighting, advanced systems and instruments, satellite and space components, and aircraft wheels and brakes; spare parts; repair, overhaul, and maintenance services; and connected solutions and data services for the aftermarket, as well as provides wireless connectivity and management and technical services.

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Analyst Recommendations for Honeywell International (NYSE:HON)

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