Other research analysts also recently issued reports about the company. Jefferies Group increased their price objective on Honeywell International from $162.00 to $180.00 and gave the company a buy rating in a research note on Thursday, December 14th. Vertical Research reissued a buy rating on shares of Honeywell International in a research note on Friday, October 20th. Argus increased their price objective on Honeywell International from $152.00 to $160.00 and gave the company a buy rating in a research note on Thursday, October 12th. Robert W. Baird reissued a buy rating and issued a $156.00 price objective (up from $140.00) on shares of Honeywell International in a research note on Wednesday, October 11th. Finally, Citigroup increased their price objective on Honeywell International from $155.00 to $170.00 and gave the company a buy rating in a research note on Monday, October 9th. Three equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. The company currently has a consensus rating of Buy and an average target price of $161.43.
Honeywell International (NYSE HON) traded down $0.15 during midday trading on Monday, reaching $158.54. The company had a trading volume of 3,269,200 shares, compared to its average volume of 3,272,814. Honeywell International has a 1 year low of $116.98 and a 1 year high of $159.85. The company has a current ratio of 1.35, a quick ratio of 1.09 and a debt-to-equity ratio of 0.54. The firm has a market cap of $120,780.00, a P/E ratio of 24.02, a P/E/G ratio of 2.41 and a beta of 0.99.
Honeywell International announced that its Board of Directors has initiated a stock buyback plan on Friday, December 8th that authorizes the company to repurchase $6.50 billion in shares. This repurchase authorization authorizes the conglomerate to repurchase shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s leadership believes its shares are undervalued.
In other news, VP Krishna Mikkilineni sold 13,074 shares of the stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $145.12, for a total transaction of $1,897,298.88. Following the completion of the transaction, the vice president now directly owns 104,998 shares in the company, valued at approximately $15,237,309.76. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Bradley T. Sheares sold 1,328 shares of the stock in a transaction on Thursday, November 9th. The stock was sold at an average price of $146.41, for a total value of $194,432.48. Following the transaction, the director now owns 4,002 shares of the company’s stock, valued at $585,932.82. The disclosure for this sale can be found here. 1.56% of the stock is owned by corporate insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in HON. Northpointe Capital LLC purchased a new position in Honeywell International during the 4th quarter valued at about $2,619,000. Cerebellum GP LLC purchased a new position in Honeywell International during the 4th quarter valued at about $309,000. WoodTrust Financial Corp purchased a new position in Honeywell International during the 4th quarter valued at about $1,950,000. Duncker Streett & Co. Inc. boosted its holdings in Honeywell International by 65.1% during the 4th quarter. Duncker Streett & Co. Inc. now owns 8,401 shares of the conglomerate’s stock valued at $1,288,000 after acquiring an additional 3,314 shares during the period. Finally, Webster Bank N. A. boosted its holdings in Honeywell International by 3.5% during the 4th quarter. Webster Bank N. A. now owns 9,175 shares of the conglomerate’s stock valued at $1,407,000 after acquiring an additional 314 shares during the period. Institutional investors and hedge funds own 76.36% of the company’s stock.
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Honeywell International Company Profile
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.
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