Analyst Activity - Cowen and Company Reiterates Buy on Honeywell International (NYSE:HON)

Posted April 26, 2017

Looking at this figure it suggests that the shares of Honeywell International Inc. Northwest Investment Counselors LLC now owns 16,933 shares of the conglomerate's stock valued at $1,974,000 after buying an additional 276 shares during the last quarter. Oregon Public Employees Retirement Fund raised its stake in Honeywell International by 32.7% in the third quarter. (NYSE:YUMC) trade finished at $32.75 as shares decreasing -1.00%. Peoples Financial Services CORP. increased its position in Honeywell International by 62.2% in the first quarter. Rowland & Co. Investment Counsel ADV now owns 3,691 shares of the conglomerate's stock valued at $430,000 after buying an additional 14 shares in the last quarter. First Financial Corporation In has invested 0.19% in Honeywell International Inc. Fiduciary Management Inc. WI now owns 5,038,398 shares of the conglomerate's stock valued at $583,698,000 after buying an additional 1,885,005 shares in the last quarter. Finally, SRS Capital Advisors Inc. acquired a new stake in Honeywell International during the fourth quarter worth approximately $114,000.

Honeywell International Inc. (HON) performance during the last one year Improved 16.16 percent, while its year to date (YTD) performance showed a Positive trend of 12.63 percent. (NYSE:HON) by 4.2% during the first quarter, Holdings Channel reports.

Princeton Portfolio Strategies Group LLC boosted its position in shares of Honeywell International Inc. (NYSE:HON) has "Strong-Buy" rating given on Friday, August 28 by Vetr. Honeywell International Inc. has $145 highest and $7 lowest target. The company has a market capitalization of $98.42 billion, a price-to-earnings ratio of 20.85 and a beta of 0.94. The stock has a 50 day moving average price of $125.32 and a 200-day moving average price of $118.35.

Honeywell International (NYSE:HON) last released its earnings results on Friday, April 21st.

In the trailing 12 months period, return on assets ratio of the Company was -3.80% and return on equity ratio was -9.80% while its return on investment ratio was -3.80%. That would be a 7 to 10 percent increase over the prior year. "Normalizing for tax, earnings per share was $1.66, or 2 cents above the high-end of our first-quarter guidance and up 11 percent versus previous year, excluding divestitures", said Darius Adamczyk, President and Chief Executive Officer of Honeywell.

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Samsung Electronics Co.'s Galaxy S8 smartphone is displayed at a Seoul-based retail shop in this photo taken on April 21, 2017. Bixby, Samsung's homegrown digital assistant, is basically useless and fails in its attempt to mimic Google's own Assistant.

A number of research analysts have recently commented on the stock. Citigroup Inc reaffirmed a "buy" rating and set a $147.00 price objective (up previously from $140.00) on shares of Honeywell International in a research note on Tuesday. Price targets reflect what the analyst believes a stock will be worth four quarters into the future. Royal Bank of Canada reiterated a "buy" rating and issued a $144.00 price objective on shares of Honeywell International in a research report on Tuesday, April 11th. Honeywell International has a consensus rating of "Buy" and an average price target of $134.05.

Credit Suisse gave the share price of Honeywell International Inc. a price target of 122 meaning the broker expects a potential downside of -6.07% from Honeywell International Inc.'s current market price of 129.88. (NYSE:HON), 11 have Buy rating, 0 Sell and 5 Hold. Two analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock.

Adamczyk continues saying "The commercial aftermarket within Aerospace and the global distribution business within Home and Building Technologies remained strong".

Sales in Honeywell's aerospace business, its biggest, fell 4.3 percent to $3.55 billion, but were above the 5-7 percent decline forecast by the company.