Argus Research Maintains Honeywell International to Buy with Price Target $130.00

Brokerage firm Argus Research Maintains its rating on Honeywell International(NYSE:HON). In a research note issued to the investors, the brokerage major Raises the price-target to $130.00 per share. The shares have been rated Buy. The rating by Argus Research was issued on Jul 26, 2016.

In a different note, On Jul 25, 2016, Bernstein said it Maintains its rating on Honeywell International. The shares have been rated ‘Outperform’ by the firm. On Jul 25, 2016, Oppenheimer said it Maintains its rating on Honeywell International. The shares have been rated ‘Outperform’ by the firm. On Jul 25, 2016, Bank of America said it Maintains its rating on Honeywell International. The shares have been rated ‘Buy’ by the firm. On Jul 25, 2016, Stifel Nicolaus said it Maintains its rating on Honeywell International. In the research note, the firm Lowers the price-target to $129.00 per share. The shares have been rated ‘Buy’ by the firm. On Jul 25, 2016, Morgan Stanley said it Maintains its rating on Honeywell International. In the research note, the firm Raises the price-target to $129.00 per share. The shares have been rated ‘Overweight’ by the firm. On Jul 25, 2016, Barclays said it Maintains its rating on Honeywell International. In the research note, the firm Raises the price-target to $127.00 per share. The shares have been rated ‘Overweight’ by the firm.

Honeywell International (HON) made into the market gainers list on Fridays trading session with the shares advancing 0.49% or 0.57 points. Due to strong positive momentum, the stock ended at $116.33, which is also near the day’s high of $116.5. The stock began the session at $115.6 and the volume stood at 29,39,858 shares. The 52-week high of the shares is $120.02 and the 52 week low is $87. The company has a current market capitalization of $88,513 M and it has 76,08,74,670 shares in outstanding.

Honeywell International(HON) last announced its earnings results on Jul 22, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $9.99B. Analysts had an estimated revenue of $10.13B. Earnings per share were $1.66. Analysts had estimated an EPS of $1.64.

Several Insider Transactions has been reported to the SEC. On Jun 1, 2016, Krishna Mikkilineni (SrVP, Engineering, Ops & IT) sold 13,000 shares at $114.10 per share price.Also, On May 25, 2016, Andreas Kramvis (Vice Chairman) sold 38 shares at $113.98 per share price.On May 11, 2016, Timothy O. Mahoney (President & CEO, Aerospace) sold 38,630 shares at $115.23 per share price, according to the Form-4 filing with the securities and exchange commission.

Honeywell International Inc. (Honeywell) is a diversified technology and manufacturing company. The Company is engaged in serving customers across the world with aerospace products and services turbochargers control sensing and security technologies for buildings homes and industry specialty chemicals electronic and advanced materials process technology for refining and petrochemicals and energy efficient products and solutions for homes business and transportation. The Company operates in segments: Aerospace Automation and Control Solutions (ACS) and Performance Materials and Technologies (PMT). Its Aerospace segment is a supplier of aircraft engines integrated avionics systems and service solutions and related products and services. ACS segment provides environmental and combustion controls sensing controls security and life safety products and services. Its PMT segment develops and manufactures advanced materials process technologies and automation solutions.

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