Honeywell International (NYSE:HON) had its price objective lifted by equities researchers at Morgan Stanley from $165.00 to $183.00 in a research report issued to clients and investors on Monday, Marketbeat.com reports. The brokerage currently has an “overweight” rating on the conglomerate’s stock. Morgan Stanley’s target price points to a potential upside of 8.77% from the company’s current price.

Other equities analysts have also issued reports about the company. Zacks Investment Research upgraded Honeywell International from a “hold” rating to a “buy” rating and set a $181.00 price objective on the stock in a research report on Monday, April 8th. Deutsche Bank increased their price objective on Honeywell International to $160.00 and gave the company a “buy” rating in a research report on Monday, February 4th. CIBC reiterated a “market perform” rating on shares of Honeywell International in a research report on Tuesday, January 8th. Oppenheimer reiterated a “market perform” rating on shares of Honeywell International in a research report on Tuesday, January 8th. Finally, Royal Bank of Canada upgraded Honeywell International from a “sector perform” rating to an “outperform” rating and set a $148.00 price objective on the stock in a research report on Thursday, January 3rd. Four research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $171.88.

Shares of NYSE HON opened at $168.24 on Monday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.06 and a current ratio of 1.24. The stock has a market capitalization of $123.14 billion, a price-to-earnings ratio of 21.00, a price-to-earnings-growth ratio of 2.36 and a beta of 1.10. Honeywell International has a twelve month low of $123.48 and a twelve month high of $169.86.

Honeywell International (NYSE:HON) last announced its quarterly earnings data 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 for the quarter, compared to analyst estimates of $8.63 billion. Honeywell International had a return on equity of 32.46% and a net margin of 16.73%. The company’s revenue was down 14.5% on a year-over-year basis. During the same period in the prior year, the company earned $1.95 EPS. Research analysts forecast that Honeywell International will post 8 EPS for the current fiscal year.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HON. HC Financial Advisors Inc. raised its position in shares of Honeywell International by 7.3% in the 3rd quarter. HC Financial Advisors Inc. now owns 15,365 shares of the conglomerate’s stock worth $2,557,000 after acquiring an additional 1,041 shares in the last quarter. Kentucky Retirement Systems bought a new position in shares of Honeywell International in the 3rd quarter worth approximately $5,919,000. Neuberger Berman Group LLC raised its position in shares of Honeywell International by 5.2% in the 3rd quarter. Neuberger Berman Group LLC now owns 1,324,995 shares of the conglomerate’s stock worth $220,480,000 after acquiring an additional 65,502 shares in the last quarter. B. Riley Wealth Management Inc. bought a new position in shares of Honeywell International in the 3rd quarter worth approximately $4,006,000. Finally, Griffin Asset Management Inc. raised its position in shares of Honeywell International by 1.5% in the 3rd quarter. Griffin Asset Management Inc. now owns 45,977 shares of the conglomerate’s stock worth $7,651,000 after acquiring an additional 700 shares in the last quarter. Institutional investors and hedge funds own 75.65% of the company’s stock.

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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