Oppenheimer Increases Honeywell International (HON) Price Target to $184.00

Honeywell International (NYSE:HON) had its price objective raised by research analysts at Oppenheimer from $172.00 to $184.00 in a report issued on Wednesday, The Fly reports. The firm currently has an “outperform” rating on the conglomerate’s stock. Oppenheimer’s target price suggests a potential upside of 11.27% from the stock’s previous close. Oppenheimer also issued estimates for Honeywell International’s Q3 2018 earnings at $2.00 EPS, FY2018 earnings at $8.15 EPS and FY2020 earnings at $8.85 EPS.

Other equities research analysts also recently issued research reports about the company. ValuEngine upgraded Honeywell International from a “hold” rating to a “buy” rating in a research report on Thursday, September 13th. JPMorgan Chase & Co. restated a “positive” rating on shares of Honeywell International in a report on Thursday, September 6th. UBS Group increased their target price on Honeywell International from $180.00 to $190.00 and gave the company a “buy” rating in a report on Thursday, August 30th. Barclays upped their price target on shares of Honeywell International from $176.00 to $178.00 and gave the stock an “overweight” rating in a research note on Friday, August 24th. Finally, Cowen reissued a “buy” rating and set a $168.00 target price on shares of Honeywell International in a research report on Friday, August 24th. Two equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $173.61.

HON opened at $165.36 on Wednesday. The company has a market capitalization of $122.95 billion, a price-to-earnings ratio of 23.34, a PEG ratio of 1.92 and a beta of 1.01. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.38 and a quick ratio of 1.11. Honeywell International has a 1-year low of $139.20 and a 1-year high of $167.63.

Honeywell International (NYSE:HON) last released its earnings results on Friday, July 20th. The conglomerate reported $2.12 earnings per share for the quarter, topping analysts’ consensus estimates of $2.01 by $0.11. The firm had revenue of $10.92 billion during the quarter, compared to the consensus estimate of $10.80 billion. Honeywell International had a return on equity of 31.46% and a net margin of 3.88%. The firm’s revenue for the quarter was up 8.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.80 earnings per share. analysts predict that Honeywell International will post 8.14 EPS for the current fiscal year.

In other Honeywell International news, Director Linnet F. Deily sold 3,066 shares of the firm’s stock in a transaction dated Monday, July 30th. The shares were sold at an average price of $158.12, for a total transaction of $484,795.92. Following the completion of the transaction, the director now owns 11,787 shares in the company, valued at $1,863,760.44. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Vimal Kapur sold 9,996 shares of the firm’s stock in a transaction dated Friday, July 27th. The stock was sold at an average price of $159.25, for a total transaction of $1,591,863.00. Following the transaction, the insider now owns 16,131 shares of the company’s stock, valued at approximately $2,568,861.75. The disclosure for this sale can be found here. 1.33% of the stock is currently owned by company insiders.

Institutional investors and hedge funds have recently made changes to their positions in the business. Federated Investors Inc. PA increased its holdings in shares of Honeywell International by 102.5% during the first quarter. Federated Investors Inc. PA now owns 28,077 shares of the conglomerate’s stock worth $4,057,000 after buying an additional 14,210 shares in the last quarter. Elmwood Wealth Management Inc. acquired a new stake in shares of Honeywell International during the first quarter worth approximately $165,000. BBR Partners LLC acquired a new stake in shares of Honeywell International during the first quarter worth approximately $446,000. Abbrea Capital LLC increased its holdings in shares of Honeywell International by 2.9% during the first quarter. Abbrea Capital LLC now owns 25,296 shares of the conglomerate’s stock worth $3,656,000 after buying an additional 720 shares in the last quarter. Finally, Saturna Capital CORP increased its holdings in shares of Honeywell International by 1.7% during the first quarter. Saturna Capital CORP now owns 306,856 shares of the conglomerate’s stock worth $44,344,000 after buying an additional 5,000 shares in the last quarter. Hedge funds and other institutional investors own 74.55% of the company’s stock.

Honeywell International Company Profile

Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. It operates through four segments: Aerospace; Home and Building Technologies; Performance Materials and Technologies; and Safety and Productivity Solutions. The Aerospace segment supplies products, software, and services for aircraft and vehicles that it sells to original equipment manufacturers and other customers in various markets, including air transport, regional, business and general aviation aircraft, airlines, aircraft operators, defense and space contractors, and automotive and truck manufacturers.

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