Honeywell International Inc. (NYSE:HON) was downgraded by analysts at Goldman Sachs Group Inc. from a “conviction-buy” rating to a “buy” rating in a research note issued on Monday.

HON has been the subject of a number of other reports. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $135.00 price objective on shares of Honeywell International in a research note on Wednesday, July 6th. Credit Suisse Group AG reaffirmed a “neutral” rating and set a $114.00 price objective on shares of Honeywell International in a research note on Monday, July 25th. Morgan Stanley set a $130.00 price objective on Honeywell International and gave the stock a “buy” rating in a research note on Monday, August 22nd. Robert W. Baird began coverage on Honeywell International in a research note on Thursday. They set an “outperform” rating and a $135.00 price objective for the company. Finally, Oppenheimer Holdings Inc. reaffirmed an “outperform” rating and set a $128.00 price objective on shares of Honeywell International in a research note on Monday, July 25th. Six analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. Honeywell International currently has a consensus rating of “Buy” and an average price target of $123.14.

Analyst Recommendations for Honeywell International (NYSE:HON)

Shares of Honeywell International (NYSE:HON) opened at 106.94 on Monday. Honeywell International has a 1-year low of $93.71 and a 1-year high of $120.02. The stock’s 50 day moving average price is $115.34 and its 200-day moving average price is $115.12. The stock has a market capitalization of $81.37 billion, a P/E ratio of 16.92 and a beta of 1.05.

Honeywell International (NYSE:HON) last released its earnings results on Friday, July 22nd. The company reported $1.66 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.64 by $0.02. The company earned $9.78 billion during the quarter, compared to analysts’ expectations of $10.13 billion. Honeywell International had a return on equity of 26.84% and a net margin of 12.60%. The business’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same period last year, the firm earned $1.51 EPS. Equities research analysts anticipate that Honeywell International will post $6.68 EPS for the current fiscal year.

In other news, Vice Chairman Andreas Kramvis sold 1,850 shares of the company’s stock in a transaction that occurred on Thursday, July 28th. The stock was sold at an average price of $114.80, for a total value of $212,380.00. Following the transaction, the insider now owns 66,441 shares of the company’s stock, valued at $7,627,426.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Timothy O. Mahoney sold 600 shares of the company’s stock in a transaction that occurred on Thursday, August 4th. The shares were sold at an average price of $116.29, for a total value of $69,774.00. Following the completion of the transaction, the insider now directly owns 68,398 shares in the company, valued at approximately $7,954,003.42. The disclosure for this sale can be found here. 1.83% of the stock is owned by insiders.

Institutional investors have recently bought and sold shares of the stock. WASHINGTON TRUST Co increased its position in Honeywell International by 10.8% in the first quarter. WASHINGTON TRUST Co now owns 4,033 shares of the company’s stock valued at $452,000 after buying an additional 394 shares during the last quarter. Icon Advisers Inc. Co. increased its position in Honeywell International by 25.9% in the first quarter. Icon Advisers Inc. Co. now owns 91,540 shares of the company’s stock valued at $10,257,000 after buying an additional 18,840 shares during the last quarter. Brick & Kyle Associates increased its position in Honeywell International by 1.5% in the first quarter. Brick & Kyle Associates now owns 6,559 shares of the company’s stock valued at $735,000 after buying an additional 100 shares during the last quarter. CIBC World Markets Inc. increased its position in Honeywell International by 23.4% in the first quarter. CIBC World Markets Inc. now owns 11,566 shares of the company’s stock valued at $1,296,000 after buying an additional 2,190 shares during the last quarter. Finally, Addenda Capital Inc. increased its position in Honeywell International by 0.3% in the first quarter. Addenda Capital Inc. now owns 56,104 shares of the company’s stock valued at $6,285,000 after buying an additional 166 shares during the last quarter. 76.50% of the stock is currently owned by institutional investors.

Honeywell International Company Profile

Honeywell International Inc (Honeywell) is a technology and manufacturing company. The Company operates in three segments: Aerospace, Automation and Control Solutions (ACS), and Performance Materials and Technologies (PMT). Its Aerospace segment supplies aircraft engines, integrated avionics, systems and service solutions, and related products and services for aircraft manufacturers, airlines, aircraft operators, military services, and defense and space contractors.

5 Day Chart for NYSE:HON

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