Morgan Stanley Boosts Honeywell International (NYSE:HON) Price Target to $188.00

Honeywell International (NYSE:HON) had its price objective lifted by Morgan Stanley from $183.00 to $188.00 in a research note issued to investors on Friday morning, BenzingaRatingsTable reports. They currently have an overweight rating on the conglomerate’s stock.

A number of other brokerages have also issued reports on HON. Deutsche Bank boosted their price target on Keysight Technologies from $100.00 to $120.00 and gave the company a buy rating in a report on Monday, April 22nd. Jefferies Financial Group lowered their price target on Boeing from $448.00 to $420.00 in a report on Friday. ValuEngine lowered Zosano Pharma from a buy rating to a hold rating in a report on Wednesday, May 1st. Credit Suisse Group set a €32.70 ($38.02) price target on Software and gave the company a neutral rating in a report on Friday. Finally, Barclays boosted their price target on from $65.00 to $100.00 and gave the company an overweight rating in a report on Friday. Three research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of Buy and an average target price of $179.36.

Shares of NYSE:HON opened at $172.99 on Friday. Honeywell International has a 1 year low of $123.48 and a 1 year high of $178.47. The company’s 50 day simple moving average is $173.37. The stock has a market capitalization of $124.47 billion, a price-to-earnings ratio of 21.73, a PEG ratio of 2.31 and a beta of 1.10. The company has a quick ratio of 0.96, a current ratio of 1.19 and a debt-to-equity ratio of 0.48.

Honeywell International (NYSE:HON) last announced its quarterly earnings results on Thursday, July 18th. The conglomerate reported $2.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.08 by $0.02. The firm had revenue of $9.24 billion during the quarter, compared to analyst estimates of $9.37 billion. Honeywell International had a return on equity of 32.02% and a net margin of 18.17%. Honeywell International’s quarterly revenue was down 15.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.12 earnings per share. Analysts expect that Honeywell International will post 8.11 earnings per share for the current fiscal year.

In other Honeywell International news, CEO Vimal Kapur sold 5,000 shares of the company’s stock in a transaction on Monday, May 20th. The stock was sold at an average price of $169.58, for a total transaction of $847,900.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.73% of the stock is owned by corporate insiders.

A number of institutional investors have recently bought and sold shares of HON. B. Riley Wealth Management Inc. increased its position in shares of Honeywell International by 4.9% during the first quarter. B. Riley Wealth Management Inc. now owns 26,317 shares of the conglomerate’s stock worth $4,182,000 after purchasing an additional 1,220 shares in the last quarter. TrinityPoint Wealth LLC acquired a new position in shares of Honeywell International during the fourth quarter worth $238,000. Greystone Managed Investments Inc. increased its position in shares of Honeywell International by 11.2% during the fourth quarter. Greystone Managed Investments Inc. now owns 86,931 shares of the conglomerate’s stock worth $11,485,000 after purchasing an additional 8,781 shares in the last quarter. Berkshire Asset Management LLC PA increased its position in shares of Honeywell International by 0.4% during the first quarter. Berkshire Asset Management LLC PA now owns 153,404 shares of the conglomerate’s stock worth $24,379,000 after purchasing an additional 578 shares in the last quarter. Finally, M Holdings Securities Inc. increased its position in shares of Honeywell International by 32.4% during the first quarter. M Holdings Securities Inc. now owns 22,079 shares of the conglomerate’s stock worth $3,509,000 after purchasing an additional 5,407 shares in the last quarter. Institutional investors own 75.69% of the company’s stock.

About Honeywell International

Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. Its Aerospace segment supplies products, software, and services for aircrafts and vehicles. This 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 connected solutions and data services for the aftermarket, as well as provides wireless connectivity and management and technical services.

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