Honeywell International Inc. (NYSE:HON) – Stock analysts at Jefferies Financial Group raised their Q4 2020 earnings per share estimates for shares of Honeywell International in a research note issued to investors on Monday, July 13th. Jefferies Financial Group analyst S. Kahyaoglu now forecasts that the conglomerate will post earnings of $1.75 per share for the quarter, up from their prior forecast of $1.72. Jefferies Financial Group also issued estimates for Honeywell International’s FY2021 earnings at $7.55 EPS and FY2022 earnings at $8.40 EPS.
HON has been the subject of a number of other research reports. UBS Group lowered their target price on Honeywell International from $143.00 to $136.00 and set a “neutral” rating for the company in a research note on Friday, May 8th. Robert W. Baird lowered their price target on Honeywell International from $190.00 to $150.00 and set an “outperform” rating for the company in a research report on Monday, March 23rd. Deutsche Bank downgraded Honeywell International from a “buy” rating to a “hold” rating and reduced their target price for the stock from $165.00 to $149.00 in a report on Monday, May 4th. Credit Suisse Group upped their target price on Honeywell International from $148.00 to $158.00 and gave the stock an “outperform” rating in a report on Monday, May 4th. Finally, Atlantic Securities downgraded Honeywell International from an “overweight” rating to a “neutral” rating and set a $158.00 target price on the stock. in a report on Tuesday, March 31st. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $157.06.
Shares of HON stock opened at $151.93 on Thursday. The company has a quick ratio of 1.04, a current ratio of 1.30 and a debt-to-equity ratio of 0.65. The business has a 50-day moving average price of $146.75 and a two-hundred day moving average price of $152.83. Honeywell International has a 12-month low of $101.08 and a 12-month high of $184.06. The firm has a market cap of $103.94 billion, a P/E ratio of 17.46, a price-to-earnings-growth ratio of 2.88 and a beta of 1.03.
Honeywell International (NYSE:HON) last issued its quarterly earnings results on Friday, May 1st. The conglomerate reported $2.21 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.96 by $0.25. Honeywell International had a return on equity of 33.60% and a net margin of 17.38%. The firm had revenue of $8.46 billion during the quarter, compared to analyst estimates of $8.56 billion. During the same quarter in the previous year, the company posted $1.92 earnings per share. The company’s revenue was down 4.7% compared to the same quarter last year.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in HON. CVA Family Office LLC bought a new position in shares of Honeywell International during the 1st quarter valued at $32,000. Aigen Investment Management LP bought a new position in shares of Honeywell International during the 1st quarter valued at $35,000. Westside Investment Management Inc. bought a new position in shares of Honeywell International during the 1st quarter valued at $36,000. Pathstone Family Office LLC bought a new position in shares of Honeywell International during the 1st quarter valued at $37,000. Finally, Efficient Wealth Management LLC bought a new position in shares of Honeywell International during the 1st quarter valued at $43,000. 76.31% of the stock is currently 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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