Honeywell International Inc. (NYSE:HON) shares gapped up prior to trading on Friday following a better than expected earnings announcement. The stock had previously closed at $120.46, but opened at $123.77. Honeywell International shares last traded at $127.08, with a volume of 6,281,786 shares.

The conglomerate reported $1.66 earnings per share for the quarter, beating the consensus estimate of $1.62 by $0.04. Honeywell International had a return on equity of 26.79% and a net margin of 12.07%. The business earned $9.49 billion during the quarter, compared to analyst estimates of $9.33 billion. During the same period in the prior year, the company earned $1.56 earnings per share. Honeywell International’s revenue was down .3% compared to the same quarter last year.

HON has been the subject of several research reports. Zacks Investment Research lowered Honeywell International from a “hold” rating to a “sell” rating in a report on Tuesday, December 27th. Morgan Stanley increased their price objective on Honeywell International from $126.00 to $132.00 and gave the company an “overweight” rating in a report on Monday, January 30th. Jefferies Group LLC increased their price objective on Honeywell International from $133.00 to $141.00 and gave the company a “positive” rating in a report on Tuesday, February 21st. Credit Suisse Group AG increased their price objective on Honeywell International from $112.00 to $115.00 and gave the company a “neutral” rating in a report on Monday, January 30th. Finally, Robert W. Baird reissued an “outperform” rating and set a $132.00 price objective on shares of Honeywell International in a report on Friday, January 20th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and fourteen have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $130.68.



Several hedge funds and other institutional investors have recently added to or reduced their stakes in HON. Nationwide Fund Advisors increased its position in Honeywell International by 5.1% in the first quarter. Nationwide Fund Advisors now owns 398,871 shares of the conglomerate’s stock valued at $49,807,000 after buying an additional 19,240 shares in the last quarter. Candriam Luxembourg S.C.A. increased its position in Honeywell International by 24.5% in the first quarter. Candriam Luxembourg S.C.A. now owns 64,189 shares of the conglomerate’s stock valued at $8,016,000 after buying an additional 12,612 shares in the last quarter. Factory Mutual Insurance Co. increased its position in Honeywell International by 2.6% in the first quarter. Factory Mutual Insurance Co. now owns 784,600 shares of the conglomerate’s stock valued at $97,972,000 after buying an additional 20,000 shares in the last quarter. Hudson Valley Investment Advisors Inc. ADV increased its position in Honeywell International by 12.4% in the first quarter. Hudson Valley Investment Advisors Inc. ADV now owns 4,945 shares of the conglomerate’s stock valued at $617,000 after buying an additional 545 shares in the last quarter. Finally, Wagner Bowman Management Corp increased its position in Honeywell International by 0.5% in the first quarter. Wagner Bowman Management Corp now owns 5,552 shares of the conglomerate’s stock valued at $693,000 after buying an additional 30 shares in the last quarter. Hedge funds and other institutional investors own 76.17% of the company’s stock.

The stock has a 50 day moving average of $125.11 and a 200-day moving average of $117.96. The firm has a market cap of $96.73 billion, a P/E ratio of 20.50 and a beta of 0.94.

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About Honeywell International

Honeywell International Inc is a technology and manufacturing company. The Company operates through four segments: Aerospace, Home and Building Technologies, Performance Materials and Technologies, and Safety and Productivity Solutions. The Company’s Aerospace segment supplies products, software and services for aircraft and vehicles that it sells to original equipment manufacturers (OEMs) and other customers.

5 Day Chart for NYSE:HON

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