Honeywell (NYSE:HON) Rating Reaffirmed
Recently, In an analyst research report sent to clients and investors on Thursday, 17 December, Honeywell (NYSE:HON) shares have had their Outperform Rating kept steady by investment advisers at Oppenheimer, who currently has a $120.0 target PPS on company. This target by Oppenheimer provides the possibile upside of 15.30% from the stock price.
From a total of 20 analysts covering Honeywell International Inc. (NYSE:HON) stock, 16 rate it a ”Buy”, 0 a “Sell”, and 5 a ”Hold”. This means that 76% of the ratings are positive. The highest target price is $125 while the lowest target price is $104. The mean of all analyst targets is $114.15 with a 0.71% above today’s ($104.16) stock price. Honeywell International Inc. was the topic of 22 analyst reports since July 30, 2015 according to the firm StockzIntelligence Inc. Barclays Capital maintained shares on November 16 with “Overweight” rating. Deutsche Bank maintained shares with “Buy” rating and $113 target share price in a report from an August 25. Argus Research maintained HON stock in a recent report from October 20 with “Buy” rating. Finally, Vetr downgraded the stock to “Strong-Buy” rating in a report issued on an August 28.
Approximately 219,837 shares of stock traded hands. Honeywell International Inc. (NYSE:HON) has declined 2.22% since May 14, 2015 and is downtrending. It has outperformed by 0.05% the S&P500.
The overall sentiment of institutions has decreased to 1.03 in Q2 2015. Its down 0.18, from 1.21 in 2015Q2. The ratio dived, as 74 institutions have sold all the shares of Honeywell International Inc. that they owned while 433 funds have taken shares off the table. 74 funds have purchased shares for the first time while 449 added to their positions. These institutions now hold 597.00 million shares or 0.01% less than the 597.04 million shares they owned in 2015Q2.
The Fund Evercore Trust Company N.A. currently is holding shares equating to 7.2% of its total portfolio in Honeywell International Inc. representing a total of 19.71 million shares. Another fund,Cincinnati Casualty Co, is holding a total of 50,000 shares equating to 6.05% of their holdings. Additionally, Mar Vista Investment Partners Llc has a 1.05 million share stake in Honeywell International Inc. which represents 5.95% of their total portfolio. The Fund, Cincinnati Financial Corp, based out of Ohio, has also built up a stake in the stock, which represents a total of 5.82% of their total portfolio. Finally Suncoast Equity Management, a fund which is based in the state of Florida reported a total holdings of 122,056 shares.
Insider activity is a very important aspect to track on any stock. Going back to April 23, 2015, shareholders of Honeywell International Inc. have witnessed 0 insider purchases, and a total of 7 insider sales equating to a net activity of approximately $16.45 million . Adams Katherine L. sold 5,000 shares worth approximately $530,000. James Mark R. sold 55,997 shares worth approximately $5.90M. Matteo Adam sold 419 shares worth approximately $44,079. Mahoney Timothy O. sold 2,077 shares worth approximately $219,310. The company insider Fradin Roger sold 70,926 shares worth $7.45 million.
Honeywell International Inc. is a diversified technology and manufacturing company. The company has a market cap of $80.28 billion. The Firm is engaged in serving clients across the world with aerospace services and products, turbochargers, control, sensing and security technologies for buildings, homes and industry, specialty chemicals, electronic and advanced materials, process technology for refining and petrochemicals, and energy efficient products and solutions for homes, business and transportation. It has 18.22 P/E ratio. The Firm operates in divisions: Aerospace, Automation and Control Solutions (ACS), and Performance Materials and Technologies (PMT).
According to Zacks Investment Research, “Honeywell International is a diversified technology and manufacturing company, serving customers worldwide with aerospace products and services, control technologies for buildings, homes and industry, automotive products, power generation systems, specialty chemicals, fibers, plastics and electronic and advanced materials. Its operations are conducted by strategic business units, which have been aggregated under four reportable segments: Aerospace Solutions, Automation & Asset Management, Performance Materials and Power & Transportation Products.”