StockNews.com Upgrades Honeywell International (NASDAQ:HON) to “Buy”

Honeywell International (NASDAQ:HON) was upgraded by investment analysts at StockNews.com from a “hold” rating to a “buy” rating in a report issued on Thursday.

Several other analysts have also recently weighed in on the company. Berenberg Bank raised Honeywell International from a “hold” rating to a “buy” rating and lifted their price target for the stock from $195.00 to $240.00 in a report on Wednesday, March 6th. Barclays lifted their price target on Honeywell International from $230.00 to $232.00 and gave the stock an “overweight” rating in a report on Tuesday, April 2nd. Royal Bank of Canada dropped their price target on Honeywell International from $210.00 to $209.00 and set a “sector perform” rating for the company in a report on Friday, February 2nd. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $215.00 price target (down from $227.00) on shares of Honeywell International in a report on Tuesday, April 16th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat, Honeywell International has an average rating of “Hold” and an average price target of $215.71.

Honeywell International Stock Performance

Shares of NASDAQ HON traded up $2.58 during midday trading on Thursday, hitting $200.63. 2,692,031 shares of the company’s stock were exchanged, compared to its average volume of 2,997,613. The company has a quick ratio of 1.28, a current ratio of 1.66 and a debt-to-equity ratio of 1.30. Honeywell International has a 12 month low of $174.88 and a 12 month high of $210.87. The company’s 50 day moving average price is $197.56 and its 200 day moving average price is $196.95. The firm has a market capitalization of $130.65 billion, a PE ratio of 23.25, a price-to-earnings-growth ratio of 2.26 and a beta of 1.02.

Honeywell International (NASDAQ:HON) last issued its earnings results on Thursday, April 25th. The conglomerate reported $2.25 EPS for the quarter, topping the consensus estimate of $2.17 by $0.08. Honeywell International had a return on equity of 35.88% and a net margin of 15.52%. The company had revenue of $9.11 billion during the quarter, compared to the consensus estimate of $9.03 billion. During the same period in the previous year, the company posted $2.07 EPS. The firm’s revenue for the quarter was up 2.7% compared to the same quarter last year. As a group, analysts predict that Honeywell International will post 9.94 earnings per share for the current fiscal year.

Insider Buying and Selling at Honeywell International

In related news, CFO Gregory P. Lewis sold 25,209 shares of the company’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $193.06, for a total transaction of $4,866,849.54. Following the completion of the sale, the chief financial officer now directly owns 55,471 shares in the company, valued at approximately $10,709,231.26. The sale was disclosed in a filing with the SEC, which is available through this link. In related news, CFO Gregory P. Lewis sold 25,209 shares of the company’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $193.06, for a total transaction of $4,866,849.54. Following the completion of the sale, the chief financial officer now directly owns 55,471 shares in the company, valued at approximately $10,709,231.26. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Darius Adamczyk sold 25,500 shares of the company’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $197.19, for a total value of $5,028,345.00. Following the sale, the director now owns 183,400 shares of the company’s stock, valued at $36,164,646. The disclosure for this sale can be found here. Insiders own 0.41% of the company’s stock.

Institutional Trading of Honeywell International

Several institutional investors and hedge funds have recently modified their holdings of the business. Altshuler Shaham Ltd acquired a new position in Honeywell International in the 4th quarter worth about $27,000. Scarborough Advisors LLC acquired a new stake in shares of Honeywell International in the fourth quarter valued at about $27,000. Cordant Inc. acquired a new stake in shares of Honeywell International in the fourth quarter valued at about $31,000. Rakuten Securities Inc. acquired a new stake in shares of Honeywell International in the fourth quarter valued at about $31,000. Finally, Richardson Capital Management LLC acquired a new stake in shares of Honeywell International in the first quarter valued at about $35,000. 75.91% of the stock is currently owned by institutional investors.

Honeywell International Company Profile

Honeywell International Inc engages in the aerospace technologies, building automation, energy and sustainable solutions, and industrial automation businesses in the United States, Europe, and internationally. The company's Aerospace 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 thermal systems, as well as wireless connectivity services.