Analysts Set Honeywell International Inc. (HON) Target Price at $165.34

Honeywell International Inc. (NYSE:HON) has been given a consensus rating of “Buy” by the twenty ratings firms that are presently covering the stock, MarketBeat reports. Five investment analysts have rated the stock with a hold recommendation, fourteen have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $165.34.

Several equities analysts have commented on the company. Zacks Investment Research downgraded Honeywell International from a “buy” rating to a “hold” rating in a research report on Tuesday, April 9th. Deutsche Bank increased their target price on Honeywell International to $160.00 and gave the company a “buy” rating in a research report on Monday, February 4th. UBS Group reissued a “top pick” rating on shares of Honeywell International in a research note on Thursday, January 10th. Oppenheimer reissued a “market perform” rating on shares of Honeywell International in a research note on Tuesday, January 8th. Finally, CIBC reissued a “market perform” rating on shares of Honeywell International in a research note on Tuesday, January 8th.

Honeywell International stock traded up $6.17 during trading hours on Tuesday, hitting $169.06. The stock had a trading volume of 6,376,881 shares, compared to its average volume of 2,641,626. The company has a current ratio of 1.24, a quick ratio of 1.06 and a debt-to-equity ratio of 0.45. The company has a market capitalization of $123.14 billion, a PE ratio of 21.11, a P/E/G ratio of 2.36 and a beta of 1.10. Honeywell International has a one year low of $123.48 and a one year high of $169.86.

Honeywell International (NYSE:HON) last posted its earnings results on Thursday, April 18th. The conglomerate reported $1.92 EPS for the quarter, beating the consensus estimate of $1.83 by $0.09. The firm had revenue of $8.88 billion during the quarter, compared to the consensus estimate of $8.63 billion. Honeywell International had a return on equity of 32.46% and a net margin of 16.73%. The business’s quarterly revenue was down 14.5% on a year-over-year basis. During the same period last year, the company earned $1.95 earnings per share. As a group, analysts predict that Honeywell International will post 8 earnings per share for the current fiscal year.

In other Honeywell International news, insider Timothy O. Mahoney sold 73,352 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $154.30, for a total value of $11,318,213.60. Following the completion of the sale, the insider now owns 305,505 shares of the company’s stock, valued at $47,139,421.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Linnet F. Deily sold 4,234 shares of the firm’s stock in a transaction that occurred on Wednesday, February 6th. The shares were sold at an average price of $148.75, for a total value of $629,807.50. Following the completion of the sale, the director now directly owns 11,369 shares of the company’s stock, valued at approximately $1,691,138.75. The disclosure for this sale can be found here. Company insiders own 0.73% of the company’s stock.

A number of institutional investors have recently made changes to their positions in HON. Cordasco Financial Network bought a new position in shares of Honeywell International in the first quarter valued at approximately $25,000. Capital Financial Planning LLC bought a new stake in Honeywell International during the fourth quarter worth $26,000. Riverview Trust Co bought a new stake in Honeywell International during the fourth quarter worth $31,000. Semmax Financial Advisors Inc. bought a new stake in Honeywell International during the fourth quarter worth $33,000. Finally, Canton Hathaway LLC lifted its holdings in Honeywell International by 289.1% during the first quarter. Canton Hathaway LLC now owns 214 shares of the conglomerate’s stock worth $34,000 after acquiring an additional 159 shares during the period. 75.65% of the stock is owned by hedge funds and other 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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Analyst Recommendations for Honeywell International (NYSE:HON)

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