Barclays Reduces Honeywell International (NYSE: HON) Price Target to $ 250.00
Honeywell International (NYSE: HON) saw its target price lowered by analysts at Barclays from $ 253.00 to $ 250.00 in a report released Monday, Benzinga reports. The company currently has an “overweight” rating on shares of the conglomerate. Barclays’ price target would suggest a potential rise of 15.03% from the stock’s previous close.
Other research analysts have also recently published research reports on the stock. Wells Fargo & Company launched coverage on shares of Honeywell International in a report on Thursday, October 7. They set an “equal weight” rating and a target price of $ 229.00 on the stock. Deutsche Bank Aktiengesellschaft raised its price target for Honeywell International shares from $ 245.00 to $ 251.00 and gave the stock a “buy” rating in a report released on Monday, July 26. Robert W. Baird raised his price target on Honeywell International from $ 247.00 to $ 251.00 and gave the company an “outperformance” rating in a research note on Monday, July 26. Royal Bank of Canada lowered its price target for Honeywell International from $ 229.00 to $ 224.00 and established a “sector performance” rating for the company in a research note Monday. Finally, Morgan Stanley reduced its price target on Honeywell International from $ 246.00 to $ 229.00 and set a rating of “equal weight” to the stock in a research report published on Thursday, October 7. Six analysts rated the stock with a conservation rating and eight gave the company’s stock a buy rating. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $ 229.50.
Honeywell International stock traded down $ 0.06 in Monday’s midday session, reaching $ 217.34. The stock had a trading volume of 26,958 shares, compared to its average volume of 2,665,369. The company has a fifty-day moving average price of $ 222.89 and a two hundred-day moving average price of 224. , $ 57. Honeywell International has a 12-month low of $ 159.42 and a 12-month high of $ 236.86. The company has a current ratio of 1.41, a quick ratio of 1.15, and a debt ratio of 0.89. The company has a market cap of $ 150.05 billion, a P / E ratio of 30.83, a PEG ratio of 2.57 and a beta of 1.16.
Honeywell International (NYSE: HON) last reported its quarterly results on Thursday, October 21. The conglomerate reported EPS of $ 2.02 for the quarter, beating the Zacks’ consensus estimate of $ 2.00 by $ 0.02. Honeywell International recorded a return on equity of 29.44% and a net margin of 14.65%. The company posted revenue of $ 8.47 billion in the quarter, compared to $ 8.68 billion expected by analysts. In the same quarter of last year, the company posted earnings per share of $ 1.56. The company’s revenue for the quarter increased 8.7% from the same quarter last year. On average, equity research analysts predict Honeywell International will post 8.1 earnings per share for the current fiscal year.
In other Honeywell International news, Honeywell Connected Enterprise CEO Que Dallara sold 10,759 shares in a trade on Tuesday, August 10. The stock was sold for an average price of $ 231.28, for a total trade of $ 2,488,341.52. As a result of the sale, the insider now owns 3,495 shares of the company, valued at $ 808,323.60. The transaction was disclosed in a document filed with the SEC, which is available at this link. Additionally, CEO Darius Adamczyk sold 28,571 shares in a trade dated Monday, August 30. The stock was sold for an average price of $ 231.97, for a total value of $ 6,627,614.87. Disclosure of this sale can be found here. Insiders own 0.44% of the company’s shares.
Several hedge funds have recently bought and sold stocks. Vanguard Group Inc. increased its position in shares of Honeywell International by 0.5% during the 2nd quarter. Vanguard Group Inc. now owns 56,017,241 shares of the conglomerate valued at $ 12,287,383,000 after purchasing an additional 300,010 shares during the last quarter. Morgan Stanley increased its position in Honeywell International by 5.3% in the second quarter. Morgan Stanley now owns 12,135,673 shares of the conglomerate valued at $ 2,661,961,000 after acquiring an additional 613,394 shares during the last quarter. Geode Capital Management LLC increased its stake in Honeywell International shares by 7.0% in the 2nd quarter. Geode Capital Management LLC now owns 11,328,599 shares of the conglomerate valued at $ 2,478,147,000 after acquiring an additional 740,044 shares during the last quarter. Capital International Investors increased its stake in Honeywell International shares by 2.0% in the 2nd quarter. Capital International Investors now owns 8,010,886 shares of the conglomerate valued at $ 1,756,812,000 after purchasing an additional 160,118 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its stake in Honeywell International shares by 3.7% during the first quarter. Ameriprise Financial Inc. now owns 7,116,847 shares of the conglomerate valued at $ 1,545,155,000 after purchasing an additional 251,419 shares during the last quarter. Institutional investors hold 75.66% of the shares of the company.
About Honeywell International
Honeywell International, Inc. is an industrial software company, providing industry-specific solutions for aerospace and automotive products and services. It specializes in control, detection and safety technologies for turbochargers for buildings and homes; specialty chemicals; electronic and advanced materials; process technology for refining and petrochemicals; and energy efficient products and solutions for homes, businesses and transportation.
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