Honeywell International (NASDAQ:HON) Upgraded to Outperform at Wolfe Research

Honeywell International (NASDAQ:HON) was upgraded by research analysts at Wolfe Research from a “peer perform” rating to an “outperform” rating in a research note issued to investors on Friday, MarketBeat Ratings reports. The firm currently has a $293.00 target price on the conglomerate’s stock. Wolfe Research’s price target suggests a potential upside of 21.64% from the stock’s previous close.

Other research analysts have also recently issued research reports about the company. Jefferies Financial Group boosted their price objective on Honeywell International from $220.00 to $240.00 in a research report on Tuesday, February 3rd. Vertical Research downgraded shares of Honeywell International from a “buy” rating to a “hold” rating and set a $220.00 price target on the stock. in a report on Monday, January 5th. JPMorgan Chase & Co. raised their price objective on shares of Honeywell International from $255.00 to $260.00 and gave the stock an “overweight” rating in a report on Friday, January 30th. Evercore lifted their price objective on shares of Honeywell International from $255.00 to $265.00 and gave the stock an “outperform” rating in a research report on Friday, January 30th. Finally, The Goldman Sachs Group increased their target price on shares of Honeywell International from $236.00 to $262.00 and gave the company a “buy” rating in a research report on Monday. Twelve equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Honeywell International presently has an average rating of “Moderate Buy” and a consensus price target of $249.48.

Honeywell International Trading Down 0.5%

Shares of HON stock opened at $240.88 on Friday. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.03 and a current ratio of 1.30. The company has a market capitalization of $153.12 billion, a price-to-earnings ratio of 30.15, a PEG ratio of 3.51 and a beta of 0.94. Honeywell International has a 52-week low of $169.21 and a 52-week high of $246.00. The company has a 50-day simple moving average of $220.19 and a two-hundred day simple moving average of $210.73.

Honeywell International (NASDAQ:HON) last posted its earnings results on Thursday, January 29th. The conglomerate reported $2.59 EPS for the quarter, topping the consensus estimate of $2.54 by $0.05. The firm had revenue of $10.07 billion for the quarter, compared to analysts’ expectations of $9.60 billion. Honeywell International had a net margin of 12.74% and a return on equity of 40.64%. The company’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same quarter last year, the firm earned $2.47 EPS. Research analysts anticipate that Honeywell International will post 10.34 EPS for the current fiscal year.

Insider Transactions at Honeywell International

In other news, Director D Scott Davis sold 2,367 shares of the stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $240.00, for a total value of $568,080.00. Following the sale, the director directly owned 31,081 shares of the company’s stock, valued at approximately $7,459,440. This represents a 7.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Robert D. Mailloux sold 5,274 shares of the business’s stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $239.00, for a total transaction of $1,260,486.00. Following the transaction, the vice president directly owned 4,803 shares of the company’s stock, valued at approximately $1,147,917. This represents a 52.34% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 18,190 shares of company stock worth $4,244,287 in the last three months. 0.20% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Caitlin John LLC boosted its stake in Honeywell International by 138.9% during the fourth quarter. Caitlin John LLC now owns 129 shares of the conglomerate’s stock valued at $25,000 after buying an additional 75 shares during the period. Holos Integrated Wealth LLC bought a new stake in shares of Honeywell International during the 4th quarter valued at about $25,000. Ares Financial Consulting LLC purchased a new position in shares of Honeywell International during the fourth quarter worth about $26,000. Howard Hughes Medical Institute bought a new position in shares of Honeywell International in the second quarter worth approximately $33,000. Finally, Barnes Dennig Private Wealth Management LLC increased its position in shares of Honeywell International by 491.7% in the third quarter. Barnes Dennig Private Wealth Management LLC now owns 142 shares of the conglomerate’s stock worth $30,000 after purchasing an additional 118 shares during the last quarter. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

Honeywell International Company Profile

Honeywell International Inc is a diversified, publicly traded multinational conglomerate (NASDAQ: HON) that designs and manufactures a wide range of commercial and consumer products, engineering services and aerospace systems. The company operates through major business platforms that historically include Aerospace; Building Technologies; Performance Materials and Technologies; and Safety and Productivity Solutions. Its portfolio spans avionics and propulsion systems, building controls and HVAC equipment, process technologies and advanced materials, industrial automation software, and personal protective equipment and scanning solutions.

Honeywell’s aerospace business supplies aircraft manufacturers and operators with engines and auxiliary power units, avionics, flight safety systems and aftermarket services.