Honeywell International Inc. (NYSE:HON) Downgraded by BidaskClub to “Hold”

Honeywell International Inc. (NYSE:HON) was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Monday, July 31st.

A number of other research analysts have also issued reports on HON. Credit Suisse Group reiterated a “neutral” rating and set a $139.00 price target (up from $131.00) on shares of Honeywell International in a research note on Tuesday, July 25th. Oppenheimer Holdings, Inc. boosted their price target on shares of Honeywell International from $148.00 to $155.00 and gave the stock an “outperform” rating in a research note on Monday, July 24th. Royal Bank Of Canada reiterated a “buy” rating on shares of Honeywell International in a research note on Friday, May 26th. Cowen and Company reiterated a “buy” rating on shares of Honeywell International in a research note on Monday, April 24th. Finally, Jefferies Group LLC reiterated a “buy” rating and set a $141.00 price target on shares of Honeywell International in a research note on Wednesday, May 17th. One investment analyst has rated the stock with a hold rating and eighteen have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $139.64.

Honeywell International (NYSE HON) traded down 0.66% during midday trading on Monday, hitting $134.95. The stock had a trading volume of 2,977,551 shares. The stock has a market cap of $102.64 billion, a price-to-earnings ratio of 20.93 and a beta of 0.94. The stock has a 50 day moving average of $136.42 and a 200 day moving average of $130.09. Honeywell International has a 12 month low of $105.25 and a 12 month high of $140.21.

Honeywell International (NYSE:HON) last issued its quarterly earnings results on Friday, July 21st. The conglomerate reported $1.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.78 by $0.02. Honeywell International had a net margin of 12.68% and a return on equity of 26.60%. The business had revenue of $10.08 billion for the quarter, compared to analyst estimates of $9.89 billion. During the same period in the previous year, the business posted $1.70 earnings per share. The business’s revenue was up .9% compared to the same quarter last year. Analysts expect that Honeywell International will post $7.09 EPS for the current fiscal year.

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In other news, insider Timothy O. Mahoney sold 341,701 shares of the stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $138.08, for a total value of $47,182,074.08. Following the sale, the insider now directly owns 294,155 shares in the company, valued at $40,616,922.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Katherine L. Adams sold 116,021 shares of the stock in a transaction that occurred on Monday, May 22nd. The shares were sold at an average price of $131.70, for a total transaction of $15,279,965.70. Following the completion of the sale, the senior vice president now owns 286,199 shares in the company, valued at $37,692,408.30. The disclosure for this sale can be found here. Insiders sold 469,799 shares of company stock worth $64,094,877 over the last quarter. Company insiders own 1.56% of the company’s stock.

Several institutional investors have recently made changes to their positions in the stock. Janus Henderson Group PLC increased its position in shares of Honeywell International by 4,986.7% in the second quarter. Janus Henderson Group PLC now owns 4,395,092 shares of the conglomerate’s stock valued at $585,822,000 after buying an additional 4,308,688 shares during the last quarter. Ameriprise Financial Inc. increased its position in shares of Honeywell International by 38.9% in the second quarter. Ameriprise Financial Inc. now owns 13,323,259 shares of the conglomerate’s stock valued at $1,776,394,000 after buying an additional 3,728,533 shares during the last quarter. Clearbridge Investments LLC increased its position in shares of Honeywell International by 69.2% in the first quarter. Clearbridge Investments LLC now owns 5,171,598 shares of the conglomerate’s stock valued at $645,777,000 after buying an additional 2,114,627 shares during the last quarter. Harbour Capital Advisors LLC increased its position in shares of Honeywell International by 13,551.7% in the second quarter. Harbour Capital Advisors LLC now owns 1,804,613 shares of the conglomerate’s stock valued at $13,539,000 after buying an additional 1,791,394 shares during the last quarter. Finally, Vanguard Group Inc. increased its position in shares of Honeywell International by 2.5% in the second quarter. Vanguard Group Inc. now owns 49,713,013 shares of the conglomerate’s stock valued at $6,626,247,000 after buying an additional 1,234,672 shares during the last quarter. 76.49% of the stock is currently owned by institutional investors and hedge funds.

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.

Analyst Recommendations for Honeywell International (NYSE:HON)

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