Honeywell International (NASDAQ:HON – Get Free Report) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a report released on Tuesday.
A number of other equities analysts also recently weighed in on HON. Citigroup upped their price target on shares of Honeywell International from $240.00 to $242.00 in a research note on Friday, April 28th. Morgan Stanley upped their price objective on shares of Honeywell International from $219.00 to $221.00 in a report on Friday, July 28th. UBS Group decreased their price target on Honeywell International from $185.00 to $180.00 and set a “sell” rating for the company in a research note on Friday, July 28th. Wells Fargo & Company cut their price objective on Honeywell International from $210.00 to $205.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 13th. Finally, Mizuho upped their target price on Honeywell International from $220.00 to $225.00 in a research report on Friday, April 28th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $215.07.
View Our Latest Research Report on Honeywell International
Honeywell International Stock Performance
Honeywell International (NASDAQ:HON – Get Free Report) last issued its quarterly earnings results on Thursday, July 27th. The conglomerate reported $2.23 earnings per share for the quarter, beating analysts’ consensus estimates of $2.20 by $0.03. Honeywell International had a net margin of 15.08% and a return on equity of 34.46%. The company had revenue of $9.10 billion during the quarter, compared to the consensus estimate of $9.17 billion. During the same period in the prior year, the company earned $2.10 EPS. Honeywell International’s revenue was up 1.6% on a year-over-year basis. On average, sell-side analysts anticipate that Honeywell International will post 9.16 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Several hedge funds have recently modified their holdings of HON. Bank Julius Baer & Co. Ltd Zurich lifted its stake in Honeywell International by 99,910.7% in the second quarter. Bank Julius Baer & Co. Ltd Zurich now owns 1,691,018,839 shares of the conglomerate’s stock valued at $350,886,409,000 after buying an additional 1,689,328,001 shares during the period. BlackRock Inc. boosted its stake in Honeywell International by 2.1% during the 1st quarter. BlackRock Inc. now owns 42,326,637 shares of the conglomerate’s stock worth $8,089,467,000 after acquiring an additional 855,220 shares during the last quarter. Morgan Stanley grew its holdings in Honeywell International by 1.6% during the fourth quarter. Morgan Stanley now owns 15,283,603 shares of the conglomerate’s stock valued at $3,275,277,000 after purchasing an additional 241,992 shares during the period. Geode Capital Management LLC increased its stake in Honeywell International by 2.2% in the first quarter. Geode Capital Management LLC now owns 12,617,604 shares of the conglomerate’s stock valued at $2,405,781,000 after purchasing an additional 270,260 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD raised its holdings in Honeywell International by 3.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 7,445,462 shares of the conglomerate’s stock worth $1,422,977,000 after purchasing an additional 275,879 shares during the period. Institutional investors own 74.35% of the company’s stock.
Honeywell International Company Profile
Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. Its 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 and management services.
Read More
- Five stocks we like better than Honeywell International
- Comparing and Trading High PE Ratio Stocks
- 3 Best Renewable Energy Stocks as Summer Heat Builds
- The How and Why of Investing in Gold Stocks
- Kinder Morgan Shines With Dividend Yield, Cash Flow, Buybacks
- How Can Investors Benefit From After-Hours Trading
- 3 Stocks to Buy No Matter Which Way Inflation Moves
Receive News & Ratings for Honeywell International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Honeywell International and related companies with MarketBeat.com's FREE daily email newsletter.
