UBS Group Reiterates Top Pick Rating for Honeywell International (HON)
Honeywell International (NYSE:HON)‘s stock had its “top pick” rating restated by research analysts at UBS Group in a research note issued to investors on Thursday, The Fly reports.
HON has been the topic of a number of other reports. Citigroup set a $186.00 price target on shares of Honeywell International and gave the company a “buy” rating in a research note on Tuesday, October 30th. Gordon Haskett initiated coverage on shares of Honeywell International in a research note on Friday, October 12th. They set a “buy” rating on the stock. Zacks Investment Research lowered shares of Honeywell International from a “hold” rating to a “strong sell” rating in a report on Thursday, October 25th. Royal Bank of Canada raised shares of Honeywell International from a “sector perform” rating to an “outperform” rating and set a $148.00 target price on the stock in a report on Thursday, January 3rd. Finally, Deutsche Bank upped their target price on shares of Honeywell International from $168.00 to $182.00 and gave the stock a “buy” rating in a report on Friday, September 28th. Five investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $170.34.
Shares of HON stock opened at $137.36 on Thursday. The company has a market cap of $100.47 billion, a P/E ratio of 19.32, a price-to-earnings-growth ratio of 1.79 and a beta of 1.05. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.20 and a current ratio of 1.49. Honeywell International has a 12 month low of $123.48 and a 12 month high of $167.72.
In other news, Director D Scott Davis sold 3,963 shares of the stock in a transaction on Wednesday, November 14th. The shares were sold at an average price of $149.11, for a total value of $590,922.93. Following the transaction, the director now owns 25,764 shares of the company’s stock, valued at approximately $3,841,670.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Krishna Mikkilineni sold 28,281 shares of the stock in a transaction on Friday, November 23rd. The stock was sold at an average price of $143.61, for a total transaction of $4,061,434.41. Following the completion of the transaction, the vice president now directly owns 91,829 shares in the company, valued at approximately $13,187,562.69. The disclosure for this sale can be found here. Insiders sold a total of 45,644 shares of company stock worth $6,597,099 in the last three months. Insiders own 1.33% of the company’s stock.
Several large investors have recently modified their holdings of the company. Morse Asset Management Inc boosted its stake in shares of Honeywell International by 4.1% in the 3rd quarter. Morse Asset Management Inc now owns 9,475 shares of the conglomerate’s stock valued at $1,577,000 after purchasing an additional 375 shares in the last quarter. Synovus Financial Corp boosted its stake in shares of Honeywell International by 1.9% in the 3rd quarter. Synovus Financial Corp now owns 105,056 shares of the conglomerate’s stock valued at $17,476,000 after purchasing an additional 1,933 shares in the last quarter. Moneta Group Investment Advisors LLC boosted its stake in shares of Honeywell International by 7,972.1% in the 2nd quarter. Moneta Group Investment Advisors LLC now owns 22,844 shares of the conglomerate’s stock valued at $889,000 after purchasing an additional 22,561 shares in the last quarter. Barings LLC boosted its stake in shares of Honeywell International by 9.9% in the 3rd quarter. Barings LLC now owns 77,426 shares of the conglomerate’s stock valued at $12,884,000 after purchasing an additional 6,965 shares in the last quarter. Finally, New England Asset Management Inc. boosted its position in Honeywell International by 467.0% during the 2nd quarter. New England Asset Management Inc. now owns 3,260 shares of the conglomerate’s stock valued at $470,000 after buying an additional 2,685 shares during the period. 71.08% of the stock is currently owned by hedge funds and other institutional investors.
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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