Honeywell International (NYSE:HON) PT Raised to $188.00 at Morgan Stanley

Honeywell International (NYSE:HON) had its target price lifted by Morgan Stanley from $183.00 to $188.00 in a research note issued to investors on Friday, BenzingaRatingsTable reports. The firm presently has an “overweight” rating on the conglomerate’s stock. Morgan Stanley’s price objective points to a potential upside of 8.68% from the stock’s previous close.

A number of other research analysts have also recently weighed in on the stock. Jefferies Financial Group cut their price objective on shares of Boeing from $448.00 to $420.00 in a report on Friday. Credit Suisse Group set a €32.70 ($38.02) price objective on shares of Software and gave the company a “neutral” rating in a report on Friday. Deutsche Bank lifted their price objective on shares of Keysight Technologies from $100.00 to $120.00 and gave the company a “buy” rating in a report on Monday, April 22nd. Barclays lifted their price objective on shares of from $65.00 to $100.00 and gave the company an “overweight” rating in a report on Friday. Finally, ValuEngine lowered shares of Zosano Pharma from a “buy” rating to a “hold” rating in a research report on Wednesday, May 1st. 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 company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $179.36.

HON opened at $172.99 on Friday. Honeywell International has a fifty-two week low of $123.48 and a fifty-two week high of $178.47. The company has a quick ratio of 1.01, a current ratio of 1.19 and a debt-to-equity ratio of 0.48. The firm has a fifty day moving average price of $173.37. The stock has a market capitalization of $125.89 billion, a PE ratio of 21.60, a price-to-earnings-growth ratio of 2.31 and a beta of 1.10.

Honeywell International (NYSE:HON) last released its quarterly earnings data on Thursday, July 18th. The conglomerate reported $2.10 earnings per share for the quarter, beating analysts’ consensus estimates of $2.08 by $0.02. Honeywell International had a net margin of 18.17% and a return on equity of 32.02%. The company had revenue of $9.24 billion during the quarter, compared to analysts’ expectations of $9.37 billion. During the same quarter in the previous year, the company earned $2.12 earnings per share. The firm’s revenue for the quarter was down 15.3% on a year-over-year basis. On average, analysts predict that Honeywell International will post 8.11 earnings per share for the current year.

In related news, CEO Vimal Kapur sold 5,000 shares of the business’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $169.58, for a total transaction of $847,900.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.73% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. SevenBridge Financial Group LLC boosted its holdings in Honeywell International by 0.5% in the 2nd quarter. SevenBridge Financial Group LLC now owns 11,535 shares of the conglomerate’s stock valued at $2,014,000 after purchasing an additional 60 shares during the last quarter. Searle & CO. boosted its holdings in Honeywell International by 0.3% in the 1st quarter. Searle & CO. now owns 19,648 shares of the conglomerate’s stock valued at $3,122,000 after purchasing an additional 62 shares during the last quarter. Nwam LLC boosted its holdings in Honeywell International by 1.5% in the 2nd quarter. Nwam LLC now owns 4,503 shares of the conglomerate’s stock valued at $786,000 after purchasing an additional 65 shares during the last quarter. Northstar Capital Management LLC boosted its holdings in Honeywell International by 0.3% in the 2nd quarter. Northstar Capital Management LLC now owns 24,033 shares of the conglomerate’s stock valued at $4,196,000 after purchasing an additional 65 shares during the last quarter. Finally, Nachman Norwood & Parrott Inc boosted its holdings in Honeywell International by 1.6% in the 1st quarter. Nachman Norwood & Parrott Inc now owns 4,141 shares of the conglomerate’s stock valued at $658,000 after purchasing an additional 66 shares during the last quarter. Hedge funds and other institutional investors own 75.71% of the company’s stock.

Honeywell International Company Profile

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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Analyst Recommendations for Honeywell International (NYSE:HON)

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