Honeywell International (NYSE:HON) had its price target raised by Jefferies Financial Group from $190.00 to $195.00 in a report issued on Friday morning, The Fly reports. The firm currently has a buy rating on the conglomerate’s stock. Jefferies Financial Group also issued estimates for Honeywell International’s Q4 2019 earnings at $2.02 EPS, FY2020 earnings at $8.70 EPS, FY2021 earnings at $9.25 EPS and FY2022 earnings at $10.00 EPS.
Several other research analysts have also recently weighed in on the company. Credit Suisse Group reaffirmed a neutral rating and set a $100.00 price objective on shares of Procter & Gamble in a research report on Tuesday, April 23rd. ValuEngine cut Zosano Pharma from a buy rating to a hold rating in a research report on Wednesday, May 1st. Barclays upped their price objective on from $65.00 to $100.00 and gave the stock an overweight rating in a research report on Friday. Zacks Investment Research cut HANNOVER RUECK/S from a hold rating to a sell rating in a research report on Monday, April 22nd. Finally, Deutsche Bank upped their price objective on Keysight Technologies from $100.00 to $120.00 and gave the stock a buy rating in a research report on Monday, April 22nd. Three equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of Buy and a consensus price target of $179.36.
HON stock opened at $173.58 on Friday. The company has a quick ratio of 0.96, a current ratio of 1.19 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $124.47 billion, a PE ratio of 21.67, a P/E/G ratio of 2.31 and a beta of 1.10. The stock’s 50-day moving average price is $173.91. Honeywell International has a fifty-two week low of $123.48 and a fifty-two week high of $178.47.
Honeywell International (NYSE:HON) last posted its quarterly earnings data on Thursday, July 18th. The conglomerate reported $2.10 earnings per share for the quarter, topping the consensus estimate of $2.08 by $0.02. The company had revenue of $9.24 billion during the quarter, compared to analysts’ expectations of $9.37 billion. Honeywell International had a return on equity of 32.02% and a net margin of 18.17%. Honeywell International’s revenue for the quarter was down 15.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.12 earnings per share. As a group, sell-side analysts anticipate that Honeywell International will post 8.11 earnings per share for the current fiscal year.
In related news, CEO Vimal Kapur sold 5,000 shares of the stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $169.58, for a total transaction of $847,900.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.73% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of HON. Lenox Wealth Advisors LLC lifted its position in shares of Honeywell International by 453.8% in the second quarter. Lenox Wealth Advisors LLC now owns 144 shares of the conglomerate’s stock valued at $25,000 after buying an additional 118 shares during the last quarter. Cordasco Financial Network acquired a new stake in shares of Honeywell International in the first quarter valued at approximately $25,000. Mackey Komara & Dankovich LLC acquired a new stake in shares of Honeywell International in the first quarter valued at approximately $29,000. Capital Financial Planning LLC acquired a new stake in shares of Honeywell International in the fourth quarter valued at approximately $26,000. Finally, Canton Hathaway LLC lifted its position in shares of Honeywell International by 289.1% in the first quarter. Canton Hathaway LLC now owns 214 shares of the conglomerate’s stock valued at $34,000 after buying an additional 159 shares during the last quarter. 75.69% of the stock is owned by hedge funds and other institutional investors.
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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