Honeywell International Inc. (NYSE:HON)‘s stock had its “outperform” rating restated by stock analysts at RBC Capital Markets in a research report issued on Monday. They presently have a $133.00 price objective on the stock, down from their previous price objective of $138.00. RBC Capital Markets’ price target points to a potential upside of 24.53% from the company’s previous close.

A number of other research analysts have also recently commented on HON. Credit Suisse Group AG restated a “hold” rating on shares of Honeywell International in a report on Saturday, July 9th. Goldman Sachs Group Inc. cut shares of Honeywell International from a “conviction-buy” rating to a “buy” rating in a report on Monday. Royal Bank Of Canada cut their price target on shares of Honeywell International from $138.00 to $133.00 and set an “outperform” rating on the stock in a report on Monday. Citigroup Inc. cut their price target on shares of Honeywell International from $131.25 to $128.00 and set a “buy” rating on the stock in a report on Monday. Finally, Oppenheimer Holdings Inc. restated an “outperform” rating and issued a $128.00 price target on shares of Honeywell International in a report on Monday, July 25th. Six equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. Honeywell International has a consensus rating of “Buy” and a consensus price target of $123.39.

Analyst Recommendations for Honeywell International (NYSE:HON)

Shares of Honeywell International (NYSE:HON) traded down 0.13% on Monday, reaching $106.80. 8,423,106 shares of the company were exchanged. The company has a market capitalization of $81.26 billion, a price-to-earnings ratio of 16.90 and a beta of 1.05. The company’s 50-day moving average is $115.34 and its 200-day moving average is $115.12. Honeywell International has a 52 week low of $93.71 and a 52 week high of $120.02.

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

In related news, Vice Chairman Andreas Kramvis sold 1,850 shares of the stock in a transaction that occurred on Thursday, July 28th. The shares were sold at an average price of $114.80, for a total value of $212,380.00. Following the completion of the transaction, the insider now directly owns 66,441 shares of the company’s stock, valued at approximately $7,627,426.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO David M. Cote sold 534,505 shares of the stock in a transaction that occurred on Friday, August 5th. The shares were sold at an average price of $116.15, for a total transaction of $62,082,755.75. Following the completion of the transaction, the chief executive officer now directly owns 700,000 shares of the company’s stock, valued at $81,305,000. The disclosure for this sale can be found here. 1.83% of the stock is currently owned by corporate insiders.

Institutional investors have recently made changes to their positions in the stock. WASHINGTON TRUST Co raised its position in shares of 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. raised its position in shares of 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 raised its position in shares of 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. raised its position in shares of 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. raised its position in shares of 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 owned by hedge funds and other institutional investors.

About Honeywell International

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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