Honeywell International Inc. (HON) has been given an average price target of $134.53 from analysts, according to data collected by Finviz.
Sales in Honeywell's performance materials and technologies unit, which makes catalysts and adsorbents used for petroleum refining and is its third-biggest, dropped about 9 percent to $2.07 billion, but were above the 10-12 decline forecast by the company. Credit Suisse Group AG reaffirmed a "hold" rating and set a $122.00 price objective on shares of Honeywell International in a research note on Friday.
Honeywell shares have increased almost 7 percent since the beginning of the year, while the Standard & Poor's 500 index has climbed 5 percent. Hedge funds and other institutional investors own 76.17% of the company's stock. Rowland & Co. Investment Counsel ADV raised its position in shares of Honeywell International by 0.4% in the third quarter. Crestwood Advisors Group LLC acquired a new position in shares of Honeywell International during the first quarter worth $100,000. (HON) on Friday reported first-quarter net income of $1.33 billion.
Valuation Ratios of Honeywell International Inc.
Aetna Inc. (NYSE:AET) plunged -0.57% with the closing price of $131.18. Assetmark Inc. now owns 900 shares of the conglomerate's stock worth $105,000 after buying an additional 23 shares during the period. (NYSE:HON) traded 0.47% higher at $129.95. The market capitalization of the company is at $98.93 Billion.
The stock's price switched up -0.90% 20-Days Simple Moving Average, added 0.50% from 50-Days Simple Moving Average and rose 5.70% from 200 Days Simple Moving Average.
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Honeywell International (NYSE:HON) last released its earnings results on Friday, April 21st. Earnings per share surged 10 percent to $1.71 from $1.56 a year ago.On average, 18 analysts polled by Thomson Reuters expected earnings of $1.62 per share for the quarter.
Revenue fell to $9.49 billion from $9.52 billion, but was above Street's expectation of $9.33 billion. Honeywell International had a return on equity of 26.79% and a net margin of 12.07%.
Operating cash flow improves significantly Honeywell International has generated cash of $940 million from operating activities during the quarter, up 194.67 percent or $621 million, when compared with the previous year period. The 1 year EPS growth rate is 2.70%. Equities research analysts anticipate that Honeywell International will post $7.04 EPS for the current fiscal year.
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A number of large investors have recently bought and sold shares of the stock.
"The commercial aftermarket within aerospace and the global distribution business within home and building technologies remained strong". The Company operates through four segments: Aerospace, Home and Building Technologies, Performance Materials and Technologies, and Safety and Productivity Solutions.