Oppenheimer analyst Christopher Glynn maintained a Hold rating on Honeywell International (HON – Research Report) today. The company’s shares closed yesterday at $193.77.
Glynn covers the Industrials sector, focusing on stocks such as Eaton, Honeywell International, and Regal Rexnord. According to TipRanks, Glynn has an average return of 15.9% and a 61.69% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Honeywell International with a $226.64 average price target, representing a 16.96% upside. In a report released on April 26, Wells Fargo also assigned a Hold rating to the stock with a $205.00 price target.
Based on Honeywell International’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $9.11 billion and a net profit of $1.46 billion. In comparison, last year the company earned a revenue of $8.86 billion and had a net profit of $1.39 billion
Based on the recent corporate insider activity of 65 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of HON in relation to earlier this year. Earlier this month, Michael Lamach, a Director at HON bought 153.00 shares for a total of $29,963.52.
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Honeywell International (HON) Company Description:
Founded in 1885, North Carolina-based Honeywell International, Inc. is a technology and manufacturing company. It provides industry specific solutions including aerospace and automotive products and services; control technologies for buildings and homes; and performance materials. It operates through four segments, including Aerospace; Honeywell Building Technologies; Performance Materials and Technologies; and Safety and Productivity Solutions.
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