Honeywell International Inc. (NYSE:HON) – Jefferies Group decreased their Q3 2016 earnings per share (EPS) estimates for Honeywell International in a research note issued to investors on Thursday. Jefferies Group analyst H. Rubel now anticipates that the brokerage will post earnings per share of $1.60 for the quarter, down from their prior forecast of $1.72. Jefferies Group has a “Buy” rating and a $130.00 price objective on the stock. Jefferies Group also issued estimates for Honeywell International’s Q4 2016 earnings at $1.74 EPS and FY2016 earnings at $6.60 EPS.

Several other equities analysts have also recently weighed in on the company. Morgan Stanley reiterated an “overweight” rating and set a $124.00 price objective (down previously from $127.00) on shares of Honeywell International in a report on Monday. RBC Capital Markets reiterated an “outperform” rating and set a $133.00 price objective (down previously from $138.00) on shares of Honeywell International in a report on Monday. Citigroup Inc. cut their price objective on Honeywell International from $131.25 to $128.00 and set a “buy” rating on the stock in a report on Monday. Royal Bank Of Canada cut their price objective on Honeywell International from $138.00 to $133.00 and set an “outperform” rating on the stock in a report on Monday. Finally, Goldman Sachs Group Inc. cut Honeywell International from a “conviction-buy” rating to a “buy” rating in a report on Monday. Six investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $123.26.

Earnings History and Estimates for Honeywell International (NYSE:HON)

Shares of Honeywell International (NYSE:HON) opened at 105.78 on Monday. Honeywell International has a 52-week low of $93.71 and a 52-week high of $120.02. The company has a market capitalization of $80.49 billion, a PE ratio of 16.73 and a beta of 1.05. The stock has a 50 day moving average price of $114.76 and a 200 day moving average price of $115.05.

Honeywell International (NYSE:HON) last announced its earnings results on Friday, July 22nd. The company reported $1.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.64 by $0.02. The firm 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 company’s revenue was up 2.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.51 earnings per share.

In related news, insider Timothy O. Mahoney sold 600 shares of the business’s stock in a transaction on 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 sale, the insider now directly owns 68,398 shares in the company, valued at approximately $7,954,003.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Vice Chairman Andreas Kramvis sold 1,850 shares of the business’s stock in a transaction 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 sale, the insider now owns 66,441 shares of the company’s stock, valued at $7,627,426.80. The disclosure for this sale can be found here. 1.83% of the stock is owned by corporate insiders.

Hedge funds have recently added to or reduced their stakes in the stock. Capstone Asset Management Co. increased its stake in Honeywell International by 5.8% in the second quarter. Capstone Asset Management Co. now owns 129,863 shares of the company’s stock valued at $15,106,000 after buying an additional 7,168 shares during the period. Ferguson Wellman Capital Management Inc. increased its stake in Honeywell International by 7.0% in the second quarter. Ferguson Wellman Capital Management Inc. now owns 145,296 shares of the company’s stock valued at $16,901,000 after buying an additional 9,517 shares during the period. National Pension Service increased its stake in Honeywell International by 4.2% in the first quarter. National Pension Service now owns 383,695 shares of the company’s stock valued at $42,993,000 after buying an additional 15,529 shares during the period. LPL Financial LLC increased its stake in Honeywell International by 52.7% in the first quarter. LPL Financial LLC now owns 416,083 shares of the company’s stock valued at $46,510,000 after buying an additional 143,685 shares during the period. Finally, Panagora Asset Management Inc. increased its stake in Honeywell International by 31.6% in the first quarter. Panagora Asset Management Inc. now owns 317,482 shares of the company’s stock valued at $35,574,000 after buying an additional 76,249 shares during the period. Institutional investors and hedge funds own 76.50% of the company’s stock.

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

Receive News & Stock Ratings for Honeywell International Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Honeywell International Inc. and related stocks with our FREE daily email newsletter.