StockNews.com Upgrades Honeywell International (NASDAQ:HON) to "Buy"

Honeywell International (NASDAQ:HON - Get Free Report) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating in a research note issued to investors on Thursday.

A number of other research analysts have also recently commented on the company. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and issued a $215.00 price target (down from $227.00) on shares of Honeywell International in a research note on Tuesday, April 16th. Royal Bank of Canada cut their price target on Honeywell International from $210.00 to $209.00 and set a "sector perform" rating on the stock in a research note on Friday, February 2nd. Barclays upped their price objective on Honeywell International from $230.00 to $232.00 and gave the company an "overweight" rating in a research note on Tuesday, April 2nd. Finally, Berenberg Bank upgraded shares of Honeywell International from a "hold" rating to a "buy" rating and lifted their target price for the stock from $195.00 to $240.00 in a research report on Wednesday, March 6th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $215.71.

Honeywell International Price Performance

NASDAQ:HON traded up $2.29 during trading hours on Thursday, hitting $202.92. The company's stock had a trading volume of 2,318,344 shares, compared to its average volume of 2,990,320. Honeywell International has a twelve month low of $174.88 and a twelve month high of $210.87. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.66 and a quick ratio of 1.28. The stock has a fifty day simple moving average of $197.60 and a 200-day simple moving average of $196.97. The company has a market capitalization of $132.14 billion, a P/E ratio of 23.49, a PEG ratio of 2.26 and a beta of 1.02.

Honeywell International (NASDAQ:HON - Get Free Report) last posted its quarterly earnings results on Thursday, April 25th. The conglomerate reported $2.25 earnings per share for the quarter, beating analysts' consensus estimates of $2.17 by $0.08. The company had revenue of $9.11 billion for the quarter, compared to the consensus estimate of $9.03 billion. Honeywell International had a net margin of 15.52% and a return on equity of 35.88%. The firm's quarterly revenue was up 2.7% compared to the same quarter last year. During the same period last year, the company posted $2.07 EPS. On average, analysts anticipate that Honeywell International will post 9.94 EPS for the current fiscal year.

Insider Activity

In other news, Director Darius Adamczyk sold 25,500 shares of Honeywell International stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $197.19, for a total value of $5,028,345.00. Following the completion of the transaction, the director now directly owns 183,400 shares of the company's stock, valued at approximately $36,164,646. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Honeywell International news, CFO Gregory P. Lewis sold 25,209 shares of the firm's stock in a transaction on Monday, April 29th. The shares were sold at an average price of $193.06, for a total value of $4,866,849.54. Following the completion of the sale, the chief financial officer now directly owns 55,471 shares in the company, valued at $10,709,231.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Darius Adamczyk sold 25,500 shares of the stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $197.19, for a total transaction of $5,028,345.00. Following the transaction, the director now directly owns 183,400 shares in the company, valued at approximately $36,164,646. The disclosure for this sale can be found here. Insiders own 0.41% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of HON. Price T Rowe Associates Inc. MD grew its position in Honeywell International by 32.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 7,840,959 shares of the conglomerate's stock worth $1,644,328,000 after purchasing an additional 1,899,373 shares in the last quarter. Ameriprise Financial Inc. increased its position in shares of Honeywell International by 5.2% during the third quarter. Ameriprise Financial Inc. now owns 6,995,897 shares of the conglomerate's stock valued at $1,292,307,000 after acquiring an additional 347,808 shares during the last quarter. Northern Trust Corp grew its stake in shares of Honeywell International by 0.3% during the 4th quarter. Northern Trust Corp now owns 6,451,134 shares of the conglomerate's stock worth $1,352,867,000 after acquiring an additional 17,591 shares during the period. Charles Schwab Investment Management Inc. raised its stake in Honeywell International by 1.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,621,544 shares of the conglomerate's stock valued at $759,474,000 after acquiring an additional 66,213 shares during the period. Finally, Barclays PLC lifted its holdings in Honeywell International by 57.3% during the third quarter. Barclays PLC now owns 3,190,755 shares of the conglomerate's stock valued at $589,462,000 after purchasing an additional 1,162,518 shares during the last quarter. Institutional investors and hedge funds own 75.91% of the company's stock.

Honeywell International Company Profile

Honeywell International Inc engages in the aerospace technologies, building automation, energy and sustainable solutions, and industrial automation businesses in the United States, Europe, and internationally. The company's Aerospace 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 thermal systems, as well as wireless connectivity services.