Honeywell International (NASDAQ:HON – Free Report) had its price objective hoisted by Barclays from $225.00 to $230.00 in a research report released on Tuesday morning, Benzinga reports. Barclays currently has an overweight rating on the conglomerate’s stock.
Several other research firms have also recently issued reports on HON. StockNews.com upgraded shares of Honeywell International from a hold rating to a buy rating in a research report on Friday, November 3rd. Royal Bank of Canada cut their price objective on shares of Honeywell International from $210.00 to $209.00 and set a sector perform rating for the company in a research report on Friday, February 2nd. Finally, Wells Fargo & Company raised their price objective on shares of Honeywell International from $190.00 to $213.00 and gave the stock an equal weight rating in a research report on Tuesday, December 19th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of Hold and a consensus target price of $217.00.
Honeywell International Price Performance
Honeywell International (NASDAQ:HON – Get Free Report) last issued its earnings results on Thursday, February 1st. The conglomerate reported $2.60 EPS for the quarter, beating analysts’ consensus estimates of $2.59 by $0.01. The business had revenue of $9.44 billion during the quarter, compared to analysts’ expectations of $9.70 billion. Honeywell International had a net margin of 15.43% and a return on equity of 35.17%. The company’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same period in the prior year, the business earned $2.52 earnings per share. On average, equities analysts predict that Honeywell International will post 10 earnings per share for the current fiscal year.
Insiders Place Their Bets
In other Honeywell International news, Director Darius Adamczyk sold 41,000 shares of the stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $191.72, for a total transaction of $7,860,520.00. Following the completion of the transaction, the director now owns 180,453 shares of the company’s stock, valued at $34,596,449.16. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.43% of the stock is currently owned by insiders.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently made changes to their positions in the business. Marco Investment Management LLC raised its holdings in Honeywell International by 8.8% during the second quarter. Marco Investment Management LLC now owns 41,396 shares of the conglomerate’s stock worth $8,590,000 after purchasing an additional 3,342 shares in the last quarter. MV Capital Management Inc. boosted its position in shares of Honeywell International by 19.4% during the 2nd quarter. MV Capital Management Inc. now owns 634 shares of the conglomerate’s stock worth $132,000 after purchasing an additional 103 shares in the last quarter. Franklin Resources Inc. boosted its position in shares of Honeywell International by 23.0% during the 2nd quarter. Franklin Resources Inc. now owns 7,351,590 shares of the conglomerate’s stock worth $1,525,455,000 after purchasing an additional 1,374,199 shares in the last quarter. Ironwood Investment Counsel LLC boosted its position in shares of Honeywell International by 27.9% during the 2nd quarter. Ironwood Investment Counsel LLC now owns 2,557 shares of the conglomerate’s stock worth $531,000 after purchasing an additional 558 shares in the last quarter. Finally, Wedgewood Investors Inc. PA boosted its position in shares of Honeywell International by 6.2% in the 2nd quarter. Wedgewood Investors Inc. PA now owns 1,278 shares of the conglomerate’s stock worth $265,000 after buying an additional 75 shares in the last quarter. Hedge funds and other institutional investors own 74.61% of the company’s stock.
Honeywell International Company Profile
Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. Its Aerospace 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 thermal systems, as well as wireless connectivity and management services.
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