Honeywell International (HON) PT Raised to $187.00

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Honeywell International (NYSE:HON) had its price target hoisted by Deutsche Bank from $174.00 to $187.00 in a research note issued to investors on Monday, The Fly reports. The brokerage presently has a “buy” rating on the conglomerate’s stock. Deutsche Bank’s target price suggests a potential upside of 8.84% from the stock’s current price.

A number of other research analysts also recently issued reports on HON. Zacks Investment Research reaffirmed a “hold” rating on shares of Honeywell International in a report on Monday, December 31st. Credit Suisse Group raised Honeywell International from a “neutral” rating to an “outperform” rating and set a $132.06 price target on the stock in a report on Thursday, January 3rd. Royal Bank of Canada raised Honeywell International from a “sector perform” rating to an “outperform” rating and set a $148.00 price target on the stock in a report on Thursday, January 3rd. Oppenheimer reaffirmed a “market perform” rating on shares of Honeywell International in a report on Tuesday, January 8th. Finally, CIBC reaffirmed a “market perform” rating on shares of Honeywell International in a report on Tuesday, January 8th. Four analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. Honeywell International currently has a consensus rating of “Buy” and an average price target of $175.20.

Honeywell International stock opened at $171.81 on Monday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.06 and a current ratio of 1.24. Honeywell International has a 12 month low of $123.48 and a 12 month high of $172.00. The firm has a market capitalization of $123.14 billion, a price-to-earnings ratio of 21.45, a P/E/G ratio of 2.36 and a beta of 1.10.

Honeywell International (NYSE:HON) last released its earnings results on Thursday, April 18th. The conglomerate reported $1.92 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.83 by $0.09. The business had revenue of $8.88 billion for the quarter, compared to the consensus estimate of $8.63 billion. Honeywell International had a return on equity of 32.46% and a net margin of 16.73%. The company’s revenue for the quarter was down 14.5% compared to the same quarter last year. During the same period in the previous year, the company posted $1.95 earnings per share. On average, research analysts predict that Honeywell International will post 8 EPS for the current year.

In other Honeywell International news, insider Timothy O. Mahoney sold 73,352 shares of the stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $154.30, for a total value of $11,318,213.60. Following the transaction, the insider now owns 305,505 shares of the company’s stock, valued at $47,139,421.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Linnet F. Deily sold 4,234 shares of the stock in a transaction dated Wednesday, February 6th. The shares were sold at an average price of $148.75, for a total value of $629,807.50. Following the completion of the transaction, the director now directly owns 11,369 shares in the company, valued at approximately $1,691,138.75. The disclosure for this sale can be found here. 0.73% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently bought and sold shares of HON. Cordasco Financial Network purchased a new stake in Honeywell International in the first quarter worth about $25,000. Capital Financial Planning LLC purchased a new stake in Honeywell International in the fourth quarter worth about $26,000. Riverview Trust Co purchased a new stake in Honeywell International in the fourth quarter worth about $31,000. Semmax Financial Advisors Inc. purchased a new stake in Honeywell International in the fourth quarter worth about $33,000. Finally, Canton Hathaway LLC increased its position in Honeywell International by 289.1% in the first quarter. Canton Hathaway LLC now owns 214 shares of the conglomerate’s stock worth $34,000 after buying an additional 159 shares in the last quarter. 75.65% of the stock is currently owned by 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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