Honeywell International (NYSE:HON) was upgraded by equities researchers at ValuEngine from a “hold” rating to a “buy” rating in a research note issued on Thursday.

Other equities analysts have also recently issued research reports about the company. MED began 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. Zacks Investment Research upgraded Honeywell International from a “hold” rating to a “buy” rating and set a $176.00 price objective for the company in a report on Tuesday, July 31st. Barclays boosted their price objective on Honeywell International from $176.00 to $178.00 and gave the company an “overweight” rating in a report on Friday, August 24th. Citigroup boosted their price objective on Honeywell International from $191.00 to $196.00 and gave the company a “$153.70” rating in a report on Monday, July 23rd. Finally, JPMorgan Chase & Co. boosted their price objective on Honeywell International from $168.00 to $170.00 and gave the company a “$153.70” rating in a report on Monday, July 23rd. Two equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. Honeywell International presently has a consensus rating of “Buy” and a consensus price target of $172.94.

NYSE HON opened at $165.11 on Thursday. The company has a market cap of $121.71 billion, a PE ratio of 23.22, a P/E/G ratio of 1.90 and a beta of 1.01. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.11 and a current ratio of 1.38. Honeywell International has a fifty-two week low of $137.18 and a fifty-two week high of $166.01.

Honeywell International (NYSE:HON) last released its earnings results on Friday, July 20th. The conglomerate reported $2.12 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.01 by $0.11. The firm had revenue of $10.92 billion for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.80 EPS. equities analysts expect that Honeywell International will post 8.15 earnings per share for the current year.

In other Honeywell International news, insider Vimal Kapur sold 9,996 shares of the company’s stock in a transaction 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 sale, the insider now directly owns 16,131 shares in the company, valued at approximately $2,568,861.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Linnet F. Deily sold 3,066 shares of the company’s stock in a transaction on Monday, July 30th. The stock was sold at an average price of $158.12, for a total value of $484,795.92. Following the completion of the sale, the director now owns 11,787 shares of the company’s stock, valued at $1,863,760.44. The disclosure for this sale can be found here. 1.33% of the stock is currently owned by corporate insiders.

Several hedge funds have recently modified their holdings of HON. HC Financial Advisors Inc. purchased a new stake in shares of Honeywell International in the 4th quarter worth $2,339,000. Quantitative Systematic Strategies LLC bought a new position in shares of Honeywell International in the 1st quarter worth $290,000. Robeco Institutional Asset Management B.V. raised its position in shares of Honeywell International by 81.9% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 61,911 shares of the conglomerate’s stock worth $8,946,000 after acquiring an additional 27,881 shares in the last quarter. Columbia Asset Management raised its position in shares of Honeywell International by 4.1% in the 1st quarter. Columbia Asset Management now owns 20,835 shares of the conglomerate’s stock worth $3,011,000 after acquiring an additional 815 shares in the last quarter. Finally, Marathon Capital Management raised its position in shares of Honeywell International by 13.2% in the 1st quarter. Marathon Capital Management now owns 3,630 shares of the conglomerate’s stock worth $524,000 after acquiring an additional 423 shares in the last quarter. Institutional investors and hedge funds own 74.64% of the company’s stock.

About Honeywell International

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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