Best buying stocks for today's market share - Honeywell International Inc. (NYSE:HON)

11 October, 2017, 00:28 | Author: Terri Saunders
  • Honeywell

Inc.'s holdings, making the stock its 3rd largest position. Honeywell International Inc. (NYSE:HON) has risen 17.66% since October 10, 2016 and is uptrending.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. For those of you who are trading Honeywell International Inc., the weekly volatility is 0.73% and performance for the week is 1.33%. Hanson McClain Inc. now owns 810 shares of the conglomerate's stock worth $101,000 after acquiring an additional 3 shares during the last quarter. The Eaton Vance Management holds 663,738 shares with $88.47M value, up from 639,592 last quarter. Hwg L P, Texas-based fund reported 1,000 shares. New York-based Independent has invested 2.75% in Honeywell International Inc. Insiders own 1.56% of the company's stock. (NYSE HON) opened at 143.62 on Monday. Zacks Investment Research upgraded shares of Honeywell International from a "hold" rating to a "buy" rating and set a $151.00 price objective for the company in a report on Thursday, July 20th. The consensus rating is 2.1, suggesting the market has given up on the stock. September 22 investment analysts at Morgan Stanley kept the company rating at "Overweight" and raised the price target to $149.00 from $145.00.

Analysts have given a mean recommendation of 1.80 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). If the $156.37 price target is reached, the company will be worth $9.82 billion more. Eaton Vance Management acquired 24,146 shares as Honeywell Intl Inc Com (HON)'s stock rose 5.49%. Adams Katherine L. sold $15.28 million worth of stock. (NYSE:T). Cap Research Global Investors reported 48.87M shares or 0.58% of all its holdings. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Financial Bank Of Nova Scotia holds 1.90 million shares or 0.38% of its portfolio. The disposition, at a price of $136.68, resulted in Rajeev Gautam bringing total 16597 shares. The disclosure for this sale can be found here.

In a call with analysts Tuesday, Mr. Adamczyk said Honeywell "will focus on fewer markets and verticals", shifting away from consumer and distribution segments.

But it's not just selling activity that is creating investor interest in HON; over the last several weeks, several insiders have bought shares. Over the course of the previous year HON has set a 52-week high of $143.75 while the corresponding low set was $105.25.

Honeywell International Inc. (NYSE:HON) has shown an EPS growth of 21.50% in the last 5 years and sales growth of 1.50% for the same year while for the next 5 years; the EPS growth estimates 6.90%.Along with this Sales growth yoy (quarter over quarter) was considered as 0.90%. The Higher end of the revenue forecast is $10.53 Billion, while the Lower end of the forecast is $10.12 Billion. Honeywell International had a net margin of 12.68% and a return on equity of 26.60%.

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The results of the manufacturer's portfolio review announced before the opening of US markets said it would spin off its home and ADI global distribution business and transportation systems into two independent, publicly-traded companies by the end of 2018. The firm's revenue for the quarter was up.9% on a year-over-year basis.

Honeywell on Tuesday raised the low end of its full year earnings per share guidance by 5 cents to a range of $7.05 to $7.10.

In order for Honeywell International Inc.to pay dividends, they need to have healthy cash flow, which now sits at 35.91. Shareholders of record on Friday, November 17th will be paid a $0.745 dividend. Moreover, Advisor Prtn has 0.61% invested in Honeywell International Inc. The ex-dividend date is Wednesday the 16th of August 2017. The Price to Book ratio for Honeywell International Inc.

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Brokerage houses, on average, are recommending investors to buy Honeywell International Inc.

Honeywell will also integrate its smart energy business unit into its performance materials and technologies business' process solutions division in an effort to expand capabilities and facilitate metering product delivery efforts.

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