Honeywell International (NYSE:HON) had its target price upped by Credit Suisse Group from $185.00 to $187.00 in a research note issued to investors on Friday, BenzingaRatingsTable reports. Credit Suisse Group currently has an outperform rating on the conglomerate’s stock.
HON has been the topic of several other research reports. Barclays raised their target price on shares of from $65.00 to $100.00 and gave the company an overweight rating in a research note on Friday. Morgan Stanley cut shares of Silicon Motion Technology from an equal weight rating to an underweight rating in a research note on Monday, April 22nd. Deutsche Bank raised their target price on shares of Keysight Technologies from $100.00 to $120.00 and gave the company a buy rating in a research note on Monday, April 22nd. ValuEngine cut shares of Zosano Pharma from a buy rating to a hold rating in a research note on Wednesday, May 1st. Finally, Jefferies Financial Group lowered their target price on shares of Boeing from $448.00 to $420.00 in a research note on Friday. Three equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of Buy and a consensus target price of $179.36.
Honeywell International stock opened at $172.99 on Friday. The firm has a market cap of $124.47 billion, a PE ratio of 21.73, a price-to-earnings-growth ratio of 2.31 and a beta of 1.10. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.96 and a current ratio of 1.19. The firm’s 50-day moving average is $173.37. Honeywell International has a 52 week low of $123.48 and a 52 week high of $178.47.
Honeywell International (NYSE:HON) last released its earnings results on Thursday, July 18th. The conglomerate reported $2.10 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.08 by $0.02. The firm had revenue of $9.24 billion for the quarter, compared to analysts’ expectations of $9.37 billion. Honeywell International had a net margin of 18.17% and a return on equity of 32.02%. Honeywell International’s quarterly revenue was down 15.3% on a year-over-year basis. During the same quarter last year, the company earned $2.12 EPS. On average, equities research analysts anticipate that Honeywell International will post 8.11 earnings per share for the current year.
In other news, CEO Vimal Kapur sold 5,000 shares of Honeywell International stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $169.58, for a total value of $847,900.00. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.73% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Lenox Wealth Advisors LLC boosted its holdings in shares of Honeywell International by 453.8% in the second quarter. Lenox Wealth Advisors LLC now owns 144 shares of the conglomerate’s stock worth $25,000 after buying an additional 118 shares during the period. Cordasco Financial Network acquired a new position in shares of Honeywell International in the first quarter worth about $25,000. Mackey Komara & Dankovich LLC acquired a new position in shares of Honeywell International in the first quarter worth about $29,000. Capital Financial Planning LLC acquired a new position in shares of Honeywell International in the fourth quarter worth about $26,000. Finally, Canton Hathaway LLC boosted its holdings in shares of Honeywell International by 289.1% in the first quarter. Canton Hathaway LLC now owns 214 shares of the conglomerate’s stock worth $34,000 after buying an additional 159 shares during the period. 75.69% of the stock is currently owned by institutional investors.
About Honeywell International
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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