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

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

HON has been the topic of several other research reports. Berenberg Bank raised shares of Honeywell International from a “hold” rating to a “buy” rating and raised their target price for the company from $195.00 to $240.00 in a research note on Wednesday, March 6th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $215.00 price target (down previously from $227.00) on shares of Honeywell International in a research report on Tuesday, April 16th. Barclays lifted their target price on Honeywell International from $230.00 to $232.00 and gave the stock an “overweight” rating in a report on Tuesday, April 2nd. Finally, Royal Bank of Canada decreased their price target on Honeywell International from $210.00 to $209.00 and set a “sector perform” rating for the company in a research report on Friday, February 2nd. One analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Honeywell International currently has an average rating of “Hold” and an average price target of $215.71.

Honeywell International Stock Up 1.3 %

Shares of Honeywell International stock traded up $2.58 during trading hours on Thursday, hitting $200.63. 2,692,031 shares of the company’s stock traded hands, compared to its average volume of 2,997,613. The stock has a 50 day simple moving average of $197.56 and a 200-day simple moving average of $196.95. The company has a quick ratio of 1.28, a current ratio of 1.66 and a debt-to-equity ratio of 1.30. The company has a market cap of $130.65 billion, a PE ratio of 23.25, a PEG ratio of 2.26 and a beta of 1.02. Honeywell International has a twelve month low of $174.88 and a twelve month high of $210.87.

Honeywell International (NASDAQ:HON) last issued its quarterly 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 net margin of 15.52% and a return on equity of 35.88%. The business had revenue of $9.11 billion for the quarter, compared to analysts’ expectations of $9.03 billion. During the same quarter last year, the company posted $2.07 earnings per share. The company’s quarterly revenue was up 2.7% compared to the same quarter last year. Equities research analysts anticipate that Honeywell International will post 9.94 earnings per share for the current fiscal year.

Insider Buying and Selling

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

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Leo Wealth LLC grew its position in Honeywell International by 4.9% in the first quarter. Leo Wealth LLC now owns 4,438 shares of the conglomerate’s stock valued at $908,000 after acquiring an additional 208 shares during the period. Orion Portfolio Solutions LLC grew its position in Honeywell International by 322.4% in the first quarter. Orion Portfolio Solutions LLC now owns 80,849 shares of the conglomerate’s stock valued at $16,594,000 after acquiring an additional 61,709 shares during the period. Wilkins Investment Counsel Inc. bought a new stake in Honeywell International in the first quarter valued at $381,000. Maple Capital Management Inc. grew its position in Honeywell International by 2.7% in the first quarter. Maple Capital Management Inc. now owns 145,112 shares of the conglomerate’s stock valued at $29,784,000 after acquiring an additional 3,865 shares during the period. Finally, HBK Sorce Advisory LLC grew its position in Honeywell International by 1.0% in the first quarter. HBK Sorce Advisory LLC now owns 8,112 shares of the conglomerate’s stock valued at $1,665,000 after acquiring an additional 82 shares during the period. 75.91% of the stock is currently owned by institutional investors and hedge funds.

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.