Morgan Stanley reaffirmed their overweight rating on shares of Honeywell International Inc. (NYSE:HON) in a research report released on Monday morning. The firm currently has a $124.00 price objective on the stock, down from their previous price objective of $127.00.

HON has been the subject of several other reports. Deutsche Bank AG restated a buy rating and issued a $113.00 target price on shares of Honeywell International in a research note on Thursday, August 25th. Bank of America Corp. restated a buy rating and issued a $125.00 target price on shares of Honeywell International in a research note on Friday. Sanford C. Bernstein restated an outperform rating and issued a $135.00 target price on shares of Honeywell International in a research note on Wednesday, July 6th. Citigroup Inc. decreased their target price on shares of Honeywell International from $131.25 to $128.00 and set a buy rating for the company in a research note on Monday. Finally, Robert W. Baird began coverage on shares of Honeywell International in a research note on Thursday, October 6th. They issued an outperform rating and a $135.00 target price for the company. Six investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. The company currently has a consensus rating of Buy and an average target price of $123.26.

Analyst Recommendations for Honeywell International (NYSE:HON)

Shares of Honeywell International (NYSE:HON) traded down 1.16% on Monday, hitting $105.56. 2,241,080 shares of the company’s stock were exchanged. The company’s 50-day moving average price is $115.07 and its 200 day moving average price is $115.12. Honeywell International has a 12-month low of $93.71 and a 12-month high of $120.02. The stock has a market cap of $80.32 billion, a price-to-earnings ratio of 16.70 and a beta of 1.05.

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 consensus estimate of $1.64 by $0.02. The business earned $9.78 billion during the quarter, compared to the consensus estimate of $10.13 billion. Honeywell International had a net margin of 12.60% and a return on equity of 26.84%. The business’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.51 earnings per share. On average, equities analysts predict that Honeywell International will post $6.68 earnings per share for the current fiscal year.

In related news, insider Timothy O. Mahoney sold 600 shares of Honeywell International stock in a transaction dated Thursday, August 4th. The stock was 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 of the company’s stock, valued at $7,954,003.42. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Katherine L. Adams sold 108,712 shares of Honeywell International stock in a transaction dated Monday, August 15th. The shares were sold at an average price of $116.13, for a total value of $12,624,724.56. Following the completion of the transaction, the senior vice president now directly owns 224,530 shares of the company’s stock, valued at $26,074,668.90. The disclosure for this sale can be found here. 1.83% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Searle & CO. acquired a new position in Honeywell International during the third quarter worth about $2,201,000. Advisory Services Network LLC boosted its position in Honeywell International by 0.5% in the third quarter. Advisory Services Network LLC now owns 10,273 shares of the company’s stock worth $1,198,000 after buying an additional 53 shares in the last quarter. Trust Co. of Oklahoma boosted its position in Honeywell International by 6.4% in the third quarter. Trust Co. of Oklahoma now owns 22,572 shares of the company’s stock worth $2,632,000 after buying an additional 1,351 shares in the last quarter. Catawba Capital Management VA boosted its position in Honeywell International by 3.6% in the third quarter. Catawba Capital Management VA now owns 34,889 shares of the company’s stock worth $4,068,000 after buying an additional 1,210 shares in the last quarter. Finally, First American Bank boosted its position in Honeywell International by 92.7% in the third quarter. First American Bank now owns 22,462 shares of the company’s stock worth $2,619,000 after buying an additional 10,806 shares in the last quarter. 76.50% of the stock is owned by institutional investors and hedge funds.

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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