Deutsche Bank Raises Honeywell International (NYSE:HON) Price Target to $160.00

Honeywell International (NYSE:HON) had its price objective lifted by analysts at Deutsche Bank to $160.00 in a report released on Monday, February 4th, The Fly reports. The firm presently has a “buy” rating on the conglomerate’s stock. Deutsche Bank’s price target indicates a potential upside of 2.75% from the stock’s previous close.

Several other brokerages also recently issued reports on HON. Citigroup set a $194.00 price objective on shares of Honeywell International and gave the company a “buy” rating in a research note on Tuesday, October 9th. Gordon Haskett assumed coverage on shares of Honeywell International in a research report on Friday, October 12th. They set a “buy” rating for the company. Credit Suisse Group assumed coverage on shares of Honeywell International in a research report on Friday, October 12th. They set a “neutral” rating and a $170.00 price target for the company. Cowen reaffirmed a “buy” rating and set a $168.00 price target on shares of Honeywell International in a research report on Friday, October 19th. Finally, Argus reaffirmed a “buy” rating on shares of Honeywell International in a research report on Monday, October 22nd. Five research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Honeywell International currently has an average rating of “Buy” and an average target price of $168.88.

HON stock traded up $1.65 during trading on Monday, reaching $155.72. 3,349,508 shares of the company were exchanged, compared to its average volume of 3,015,058. Honeywell International has a 52-week low of $123.48 and a 52-week high of $167.72. The company has a market cap of $111.70 billion, a P/E ratio of 19.44, a P/E/G ratio of 2.15 and a beta of 1.08. The company has a current ratio of 1.29, a quick ratio of 1.06 and a debt-to-equity ratio of 0.53.

Honeywell International (NYSE:HON) last announced its quarterly earnings results on Friday, February 1st. The conglomerate reported $1.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.88 by $0.03. The company had revenue of $9.73 billion for the quarter, compared to the consensus estimate of $9.72 billion. Honeywell International had a net margin of 16.18% and a return on equity of 33.36%. The company’s revenue for the quarter was down 10.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.85 earnings per share. On average, equities research analysts expect that Honeywell International will post 7.95 earnings per share for the current year.

In other Honeywell International news, Director Linnet F. Deily sold 4,234 shares of the stock in a transaction on Wednesday, February 6th. The shares were sold at an average price of $148.75, for a total transaction of $629,807.50. Following the transaction, the director now directly owns 11,369 shares in the company, valued at approximately $1,691,138.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.33% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Wealthsource Partners LLC increased its holdings in shares of Honeywell International by 4.0% in the 4th quarter. Wealthsource Partners LLC now owns 1,786 shares of the conglomerate’s stock worth $236,000 after acquiring an additional 68 shares during the period. Livingston Group Asset Management CO operating as Southport Capital Management increased its stake in Honeywell International by 1.5% during the 4th quarter. Livingston Group Asset Management CO operating as Southport Capital Management now owns 4,737 shares of the conglomerate’s stock valued at $626,000 after buying an additional 72 shares during the period. Fagan Associates Inc. increased its stake in Honeywell International by 1.3% during the 4th quarter. Fagan Associates Inc. now owns 5,555 shares of the conglomerate’s stock valued at $734,000 after buying an additional 72 shares during the period. Parkside Financial Bank & Trust increased its stake in Honeywell International by 5.1% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,507 shares of the conglomerate’s stock valued at $199,000 after buying an additional 73 shares during the period. Finally, Cooper Haims Advisors LLC increased its stake in Honeywell International by 3.4% during the 4th quarter. Cooper Haims Advisors LLC now owns 2,268 shares of the conglomerate’s stock valued at $300,000 after buying an additional 75 shares during the period. Hedge funds and other institutional investors own 75.27% of the company’s stock.

Honeywell International Company Profile

Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. Its Aerospace segment supplies products, software, and services for aircrafts and vehicles. This segment offers auxiliary power units, propulsion engines, integrated avionics, environmental control and electric power systems, engine controls, flight safety, communications, navigation hardware, data and software applications, radar and surveillance systems, aircraft lighting, advanced systems and instruments, satellite and space components, and aircraft wheels and brakes; spare parts; repair, overhaul, and maintenance services; and connected solutions and data services for the aftermarket, as well as provides wireless connectivity and management and technical services.

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