Honeywell International (HON) PT Raised to $168.00
Honeywell International (NYSE:HON) had its price target hoisted by investment analysts at Oppenheimer from $155.00 to $168.00 in a research note issued to investors on Thursday. The brokerage currently has an “outperform” rating on the conglomerate’s stock. Oppenheimer’s target price points to a potential upside of 8.91% from the stock’s previous close. Oppenheimer also issued estimates for Honeywell International’s Q1 2018 earnings at $1.82 EPS, Q2 2018 earnings at $1.93 EPS, Q3 2018 earnings at $1.93 EPS, Q4 2018 earnings at $2.02 EPS and FY2019 earnings at $8.40 EPS.
Several other research firms have also commented on HON. Citigroup set a $180.00 price objective on shares of Honeywell International and gave the stock a “buy” rating in a research note on Thursday. Stifel Nicolaus dropped their price objective on shares of Honeywell International from $171.00 to $169.00 and set a “buy” rating for the company in a research note on Thursday. Zacks Investment Research lowered shares of Honeywell International from a “buy” rating to a “hold” rating in a research note on Thursday, November 30th. Deutsche Bank reaffirmed a “buy” rating and set a $171.00 price objective on shares of Honeywell International in a research note on Tuesday, November 28th. Finally, Royal Bank of Canada lifted their price objective on shares of Honeywell International from $148.00 to $156.00 and gave the stock an “outperform” rating in a research note on Monday, October 23rd. Two research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $159.79.
Honeywell International (NYSE:HON) opened at $154.25 on Thursday. Honeywell International has a fifty-two week low of $113.60 and a fifty-two week high of $156.70. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.35 and a quick ratio of 1.09. The firm has a market cap of $115,966.05, a price-to-earnings ratio of 22.05, a P/E/G ratio of 2.34 and a beta of 0.99.
Honeywell International (NYSE:HON) last posted its quarterly earnings data on Friday, October 20th. The conglomerate reported $1.75 EPS for the quarter, hitting the consensus estimate of $1.75. The company had revenue of $10.12 billion during the quarter, compared to analyst estimates of $10.05 billion. Honeywell International had a net margin of 12.85% and a return on equity of 26.26%. Honeywell International’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.60 earnings per share. research analysts predict that Honeywell International will post 7.1 EPS for the current year.
Honeywell International announced that its board has authorized a stock repurchase program on Friday, December 8th that allows the company to buyback $6.50 billion in shares. This buyback authorization allows the conglomerate to purchase shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its shares are undervalued.
In other news, VP Krishna Mikkilineni sold 13,074 shares of Honeywell International stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $145.12, for a total transaction of $1,897,298.88. Following the completion of the sale, the vice president now directly owns 104,998 shares in the company, valued at $15,237,309.76. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Bradley T. Sheares sold 1,328 shares of Honeywell International stock in a transaction on Thursday, November 9th. The stock was sold at an average price of $146.41, for a total value of $194,432.48. Following the sale, the director now owns 4,002 shares of the company’s stock, valued at $585,932.82. The disclosure for this sale can be found here. 1.56% of the stock is currently owned by company insiders.
Several large investors have recently added to or reduced their stakes in the company. Hanson McClain Inc. raised its holdings in shares of Honeywell International by 0.4% in the first quarter. Hanson McClain Inc. now owns 810 shares of the conglomerate’s stock valued at $101,000 after acquiring an additional 3 shares in the last quarter. Burt Wealth Advisors raised its holdings in shares of Honeywell International by 65.4% in the second quarter. Burt Wealth Advisors now owns 759 shares of the conglomerate’s stock valued at $101,000 after acquiring an additional 300 shares in the last quarter. Guidant Wealth Advisors raised its holdings in shares of Honeywell International by 15.8% in the second quarter. Guidant Wealth Advisors now owns 764 shares of the conglomerate’s stock valued at $102,000 after acquiring an additional 104 shares in the last quarter. Mosaic Family Wealth LLC raised its holdings in shares of Honeywell International by 11.4% in the second quarter. Mosaic Family Wealth LLC now owns 762 shares of the conglomerate’s stock valued at $102,000 after acquiring an additional 78 shares in the last quarter. Finally, CKW Financial Group bought a new stake in shares of Honeywell International in the second quarter valued at about $108,000. Institutional investors and hedge funds own 76.04% of the company’s stock.
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About Honeywell International
Honeywell International Inc is a technology and manufacturing company. The Company operates through four segments: Aerospace, Home and Building Technologies, Performance Materials and Technologies, and Safety and Productivity Solutions. The Company’s Aerospace segment supplies products, software and services for aircraft and vehicles that it sells to original equipment manufacturers (OEMs) and other customers.
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