Honeywell International (NYSE:HON) had its price objective boosted by equities researchers at Oppenheimer from $172.00 to $184.00 in a note issued to investors on Wednesday, The Fly reports. The firm currently has an “outperform” rating on the conglomerate’s stock. Oppenheimer’s price target points to a potential upside of 11.00% from the company’s previous close.

A number of other analysts have also commented on HON. JPMorgan Chase & Co. boosted their price objective on Honeywell International from $168.00 to $170.00 and gave the stock a “$153.70” rating in a report on Monday, July 23rd. MED assumed coverage on Honeywell International in a report on Thursday, July 12th. They set a “buy” rating and a $166.00 price objective for the company. Wolfe Research assumed coverage on Honeywell International in a report on Wednesday, June 27th. They set an “outperform” rating and a $170.00 price objective for the company. Zacks Investment Research raised Honeywell International from a “hold” rating to a “buy” rating and set a $174.00 price objective for the company in a report on Tuesday, August 7th. Finally, ValuEngine raised Honeywell International from a “hold” rating to a “buy” rating in a report on Tuesday, July 31st. Two analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $173.61.

HON traded up $0.20 during midday trading on Wednesday, reaching $165.76. 2,777,867 shares of the company were exchanged, compared to its average volume of 2,854,117. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.11 and a current ratio of 1.38. The firm has a market capitalization of $122.87 billion, a P/E ratio of 23.31, a P/E/G ratio of 1.92 and a beta of 1.01. Honeywell International has a one year low of $139.20 and a one year high of $167.63.

Honeywell International (NYSE:HON) last issued its quarterly earnings data on Friday, July 20th. The conglomerate reported $2.12 EPS for the quarter, topping analysts’ consensus estimates of $2.01 by $0.11. The firm had revenue of $10.92 billion during the quarter, compared to analyst estimates of $10.80 billion. Honeywell International had a return on equity of 31.46% and a net margin of 3.88%. The company’s revenue for the quarter was up 8.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.80 EPS. equities analysts forecast that Honeywell International will post 8.14 earnings per share for the current year.

In other news, insider Vimal Kapur sold 9,996 shares of the company’s stock in a transaction that occurred on Friday, July 27th. The stock was sold at an average price of $159.25, for a total value of $1,591,863.00. Following the completion of the transaction, the insider now directly owns 16,131 shares of the company’s stock, valued at $2,568,861.75. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Linnet F. Deily sold 3,066 shares of the company’s stock in a transaction that occurred on Monday, July 30th. The shares were sold at an average price of $158.12, for a total value of $484,795.92. Following the completion of the transaction, the director now directly owns 11,787 shares of the company’s stock, valued at $1,863,760.44. The disclosure for this sale can be found here. Corporate insiders own 1.33% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the company. CX Institutional bought a new position in Honeywell International during the second quarter valued at $100,000. Well Done LLC bought a new position in Honeywell International during the first quarter valued at $103,000. Jolley Asset Management LLC bought a new position in Honeywell International during the second quarter valued at $104,000. Bruderman Asset Management LLC bought a new position in Honeywell International during the first quarter valued at $114,000. Finally, Fort L.P. bought a new position in Honeywell International during the second quarter valued at $118,000. 74.55% of the stock is owned by institutional investors.

Honeywell International Company Profile

Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. It operates through four segments: Aerospace; Home and Building Technologies; Performance Materials and Technologies; and Safety and Productivity Solutions. The Aerospace segment supplies products, software, and services for aircraft and vehicles that it sells to original equipment manufacturers and other customers in various markets, including air transport, regional, business and general aviation aircraft, airlines, aircraft operators, defense and space contractors, and automotive and truck manufacturers.

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Analyst Recommendations for Honeywell International (NYSE:HON)

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