Credit Suisse Group AG Reiterates Hold Rating for Honeywell International Inc. (HON)

26 April 2017, 08:49 | Andres Norman

Credit Suisse Group AG Reiterates Hold Rating for Honeywell International Inc. (HON)

Credit Suisse Group AG Reiterates Hold Rating for Honeywell International Inc. (HON)

Honeywell International is aimed at boosting its near-term results on the back of strategic investments, greater operational efficacy and stronger demand for its diversified products. (NYSE:HON) by 77.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. Are investors supposed to sell when the stock hits the target? First Financial Corporation In has invested 0.19% in Honeywell International Inc. Ancora Advisors LLC raised its stake in Honeywell International by 65.9% in the fourth quarter. State Street Corp now owns 30,884,640 shares of the conglomerate's stock worth $3,577,992,000 after buying an additional 1,313,465 shares in the last quarter.

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. Assetmark Inc. now owns 900 shares of the conglomerate's stock worth $105,000 after buying an additional 23 shares during the period. Chesley Taft & Associates LLC now owns 155,683 shares of the conglomerate's stock valued at $18,151,000 after buying an additional 7,170 shares during the last quarter. The volatility in the previous week has experienced by 1.75% and observed of 2.07% in the previous month.68.20% ownership is held by institutional investors while insiders hold ownership of 0.02%.

Want to see what other hedge funds are holding HON? It may be used by market technicians to enter and exit trades, and it is a useful tool to add to a trading system. In this case, shares are 69.08% higher from $84.5, the worst price in 52 weeks suffered on Jul. 19, 2016, and are keeping their losses at 17.23% for the past six months.

Now we look at the Moving Averages, the 200-day is 11.3, the 50-day is 4.01 and the 20-day is 4.46. The company has market cap of $4.55 billion. (NYSE:HON) was sold by Deily Linnet F on Friday, November 4. On average, equities analysts predict that Honeywell International will post $7.04 earnings per share for the current fiscal year. (HON) on Friday reported first-quarter net income of $1.33 billion. Honeywell International had a net margin of 12.07% and a return on equity of 26.79%.

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Honeywell explained further that revenue from its aerospace unit - which manufactures engines for aircraft made by the likes of Bombardier, Textron and General Dynamics - was driven largely by growth in its commercial aftermarket, as well as gas turbo penetration in Europe and China. 10percent growth on a year-over-year basis. The manufacturing company says that it now expects earnings per share for the year to range from $6.90 to $7.10.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 9th. This represents a $2.66 dividend on an annualized basis and a yield of 2.05%.

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Several research analysts recently weighed in on the stock. Argus reiterated a "buy" rating and issued a $135.00 target price on shares of Honeywell International in a research note on Tuesday, January 31st. Zacks Investment Research lowered Honeywell International from a "hold" rating to a "sell" rating in a research report on Wednesday. Credit Suisse Group AG upped their price objective on shares of Honeywell International from $112.00 to $115.00 and gave the company a "neutral" rating in a research note on Monday, January 30th. The company maintains price to book ratio of 2.58 vs.an industry average at 2.92.



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