Honeywell International (NASDAQ:HON) Given New $290.00 Price Target at Argus

Honeywell International (NASDAQ:HON) had its price objective increased by equities research analysts at Argus from $250.00 to $290.00 in a note issued to investors on Wednesday,MarketScreener reports. The firm presently has a “buy” rating on the conglomerate’s stock. Argus’ price target would indicate a potential upside of 19.83% from the company’s current price.

Other equities analysts have also issued research reports about the stock. HSBC dropped their price target on shares of Honeywell International from $290.00 to $266.00 and set a “buy” rating on the stock in a research report on Tuesday, November 11th. JPMorgan Chase & Co. upped their price objective on Honeywell International from $255.00 to $260.00 and gave the company an “overweight” rating in a research note on Friday, January 30th. TD Cowen dropped their target price on shares of Honeywell International from $250.00 to $240.00 and set a “buy” rating for the company in a research report on Monday, November 10th. DZ Bank cut their price objective on Honeywell International from $248.00 to $237.00 in a research report on Tuesday, December 23rd. Finally, Sanford C. Bernstein set a $255.00 price target on shares of Honeywell International in a research note on Friday, January 16th. Eleven equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Honeywell International currently has a consensus rating of “Moderate Buy” and an average target price of $246.32.

Honeywell International Trading Down 0.3%

Shares of HON traded down $0.65 during midday trading on Wednesday, hitting $242.01. The stock had a trading volume of 216,280 shares, compared to its average volume of 4,814,065. The business has a 50-day simple moving average of $213.74 and a two-hundred day simple moving average of $209.46. The firm has a market cap of $153.65 billion, a P/E ratio of 30.28, a price-to-earnings-growth ratio of 3.50 and a beta of 0.94. The company has a current ratio of 1.32, a quick ratio of 1.05 and a debt-to-equity ratio of 1.76. Honeywell International has a fifty-two week low of $169.21 and a fifty-two week high of $245.63.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings results on Thursday, January 29th. The conglomerate reported $2.59 earnings per share for the quarter, beating the consensus estimate of $2.54 by $0.05. The firm had revenue of $10.07 billion for the quarter, compared to analyst estimates of $9.60 billion. Honeywell International had a return on equity of 40.40% and a net margin of 12.74%.Honeywell International’s quarterly revenue was up 6.4% on a year-over-year basis. During the same period in the previous year, the firm earned $2.47 earnings per share. As a group, equities analysts forecast that Honeywell International will post 10.34 EPS for the current year.

Insider Transactions at Honeywell International

In other Honeywell International news, VP Robert D. Mailloux sold 10,549 shares of the company’s stock in a transaction that occurred on Friday, January 30th. The shares were sold at an average price of $229.00, for a total value of $2,415,721.00. Following the completion of the transaction, the vice president directly owned 4,803 shares in the company, valued at approximately $1,099,887. This represents a 68.71% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.41% of the stock is currently owned by company insiders.

Institutional Trading of Honeywell International

Several large investors have recently modified their holdings of the stock. Holos Integrated Wealth LLC acquired a new position in Honeywell International during the 4th quarter worth approximately $25,000. Ares Financial Consulting LLC acquired a new stake in Honeywell International in the fourth quarter valued at approximately $26,000. Howard Hughes Medical Institute bought a new stake in shares of Honeywell International during the second quarter valued at approximately $33,000. Barnes Dennig Private Wealth Management LLC raised its position in shares of Honeywell International by 491.7% during the third quarter. Barnes Dennig Private Wealth Management LLC now owns 142 shares of the conglomerate’s stock worth $30,000 after purchasing an additional 118 shares during the period. Finally, Hilton Head Capital Partners LLC bought a new position in shares of Honeywell International in the 4th quarter worth $28,000. Institutional investors and hedge funds own 75.91% of the company’s stock.

Honeywell International Company Profile

Honeywell International Inc is a diversified, publicly traded multinational conglomerate (NASDAQ: HON) that designs and manufactures a wide range of commercial and consumer products, engineering services and aerospace systems. The company operates through major business platforms that historically include Aerospace; Building Technologies; Performance Materials and Technologies; and Safety and Productivity Solutions. Its portfolio spans avionics and propulsion systems, building controls and HVAC equipment, process technologies and advanced materials, industrial automation software, and personal protective equipment and scanning solutions.

Honeywell’s aerospace business supplies aircraft manufacturers and operators with engines and auxiliary power units, avionics, flight safety systems and aftermarket services.