Shares of Honeywell International Inc. (NYSE:HON) reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $183.57 and last traded at $183.51, with a volume of 425671 shares changing hands. The stock had previously closed at $182.26.
Several research firms have recently issued reports on HON. William Blair reaffirmed a “hold” rating on shares of Honeywell International in a report on Monday, November 25th. JPMorgan Chase & Co. upped their target price on Honeywell International from $184.00 to $190.00 and gave the company an “overweight” rating in a report on Wednesday. Deutsche Bank upped their price objective on Honeywell International from $189.00 to $199.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. Credit Suisse Group upgraded Honeywell International from a “neutral” rating to an “outperform” rating in a research note on Friday, January 3rd. Finally, Cowen set a $180.00 price objective on Honeywell International and gave the company a “buy” rating in a research note on Friday, October 18th. Three research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Honeywell International presently has an average rating of “Buy” and a consensus price target of $191.42.
The stock has a market cap of $129.50 billion, a PE ratio of 22.91, a P/E/G ratio of 2.23 and a beta of 1.09. The firm has a 50-day simple moving average of $177.20 and a 200-day simple moving average of $171.94. The company has a quick ratio of 1.08, a current ratio of 1.32 and a debt-to-equity ratio of 0.61.
Honeywell International (NYSE:HON) last posted its earnings results on Thursday, October 17th. The conglomerate reported $2.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.01 by $0.07. The firm had revenue of $9.09 billion for the quarter, compared to the consensus estimate of $9.12 billion. Honeywell International had a return on equity of 32.01% and a net margin of 17.06%. The business’s quarterly revenue was down 15.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.03 earnings per share. On average, research analysts expect that Honeywell International Inc. will post 8.14 earnings per share for the current year.
Several large investors have recently bought and sold shares of the business. BlackRock Inc. lifted its position in shares of Honeywell International by 3.7% during the second quarter. BlackRock Inc. now owns 44,949,545 shares of the conglomerate’s stock worth $7,847,743,000 after acquiring an additional 1,623,768 shares in the last quarter. Nuveen Asset Management LLC lifted its position in shares of Honeywell International by 10,615.4% during the second quarter. Nuveen Asset Management LLC now owns 9,053,437 shares of the conglomerate’s stock worth $1,580,640,000 after acquiring an additional 8,968,947 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its position in shares of Honeywell International by 2.3% during the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,849,222 shares of the conglomerate’s stock worth $482,088,000 after acquiring an additional 64,275 shares in the last quarter. Parametric Portfolio Associates LLC raised its position in shares of Honeywell International by 0.8% in the third quarter. Parametric Portfolio Associates LLC now owns 2,572,109 shares of the conglomerate’s stock worth $435,201,000 after buying an additional 21,401 shares in the last quarter. Finally, California Public Employees Retirement System raised its position in shares of Honeywell International by 4.8% in the third quarter. California Public Employees Retirement System now owns 2,406,114 shares of the conglomerate’s stock worth $407,114,000 after buying an additional 110,770 shares in the last quarter. Hedge funds and other institutional investors own 75.56% of the company’s stock.
Honeywell International Company Profile (NYSE:HON)
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.
Further Reading: Neutral Rating
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