Honeywell International Inc. (HON) Sets 52-Week High; Strong Momentum for Holders

November 21, 2017 - By Marie Mckinney

Investors sentiment decreased to 0.96 in 2017 Q2. Its down 0.08, from 1.04 in 2017Q1. It dived, as 58 investors sold Honeywell International Inc. shares while 492 reduced holdings. 104 funds opened positions while 426 raised stakes. 562.97 million shares or 0.95% less from 568.40 million shares in 2017Q1 were reported.
Pinnacle Wealth Mngmt Advisory Lc accumulated 2,189 shares. Gateway Inv Advisers Ltd Liability Company holds 0.75% or 625,038 shares in its portfolio. Eagle Glob Advsrs Limited Company holds 0.31% in Honeywell International Inc. (NYSE:HON) or 80,763 shares. Papp L Roy And owns 1,842 shares. Arizona-based Stellar Mngmt Lc has invested 0.27% in Honeywell International Inc. (NYSE:HON). Georgia-based Cap Invest Advisors Llc has invested 0.07% in Honeywell International Inc. (NYSE:HON). Founders Ltd Company accumulated 2,920 shares. 759 are owned by Burt Wealth Advisors. Fayez Sarofim Com has 0.01% invested in Honeywell International Inc. (NYSE:HON) for 12,140 shares. Moreover, Cypress Cap Ltd Company (Wy) has 0% invested in Honeywell International Inc. (NYSE:HON). Keybank Natl Association Oh reported 336,481 shares or 0.27% of all its holdings. Blume Mngmt stated it has 7,025 shares. Cls Investments Ltd Limited Liability Company owns 35 shares. Cohen Steers has 246,737 shares for 0.09% of their portfolio. Dixon Hubard Feinour Brown Va has 2,268 shares.

The stock of Honeywell International Inc. (NYSE:HON) hit a new 52-week high and has $159.63 target or 7.00 % above today’s $149.19 share price. The 8 months bullish chart indicates low risk for the $113.66B company. The 1-year high was reported on Nov, 21 by Barchart.com. If the $159.63 price target is reached, the company will be worth $7.96 billion more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

About 779,740 shares traded. Honeywell International Inc. (NYSE:HON) has risen 17.66% since November 21, 2016 and is uptrending. It has outperformed by 0.96% the S&P500.

Analysts expect Honeywell International Inc. (NYSE:HON) to report $1.85 EPS on January, 26.They anticipate $0.11 EPS change or 6.32 % from last quarter’s $1.74 EPS. HON’s profit would be $1.41B giving it 20.17 P/E if the $1.85 EPS is correct. After having $1.75 EPS previously, Honeywell International Inc.’s analysts see 5.71 % EPS growth.

Honeywell International Inc. (NYSE:HON) Ratings Coverage

Among 21 analysts covering Honeywell International Inc. (NYSE:HON), 17 have Buy rating, 0 Sell and 4 Hold. Therefore 81% are positive. Honeywell International Inc. has $170 highest and $7 lowest target. $132.66’s average target is -11.08% below currents $149.19 stock price. Honeywell International Inc. had 76 analyst reports since July 30, 2015 according to SRatingsIntel. The stock has “Hold” rating by Credit Suisse on Tuesday, July 25. Robert W. Baird maintained it with “Buy” rating and $156.0 target in Wednesday, October 11 report. Argus Research maintained the stock with “Buy” rating in Tuesday, October 20 report. The rating was initiated by Citigroup with “Buy” on Thursday, January 21. The firm has “Hold” rating by Credit Suisse given on Monday, October 23. The rating was maintained by Jefferies with “Buy” on Friday, May 26. The rating was maintained by Barclays Capital on Monday, October 5 with “Overweight”. RBC Capital Markets maintained Honeywell International Inc. (NYSE:HON) on Sunday, October 22 with “Buy” rating. Morgan Stanley maintained Honeywell International Inc. (NYSE:HON) rating on Wednesday, August 16. Morgan Stanley has “Overweight” rating and $145 target. The firm has “Buy” rating given on Tuesday, September 26 by Jefferies.

More notable recent Honeywell International Inc. (NYSE:HON) news were published by: Bloomberg.com which released: “Honeywell CEO Seeks Wall Street Darling Status That Eluded Cote” on November 16, 2017, also Nasdaq.com with their article: “Honeywell International Inc. (HON) Ex-Dividend Date Scheduled for November 16 …” published on November 15, 2017, Seekingalpha.com published: “Honeywell: Margins Are The Real Story Here” on October 27, 2017. More interesting news about Honeywell International Inc. (NYSE:HON) were released by: Twst.com and their article: “Honeywell International Inc.: Honeywell Announces Final Results Of Private …” published on November 20, 2017 as well as Nasdaq.com‘s news article titled: “Investec Asset Management (PTY) Ltd Buys Honeywell International Inc …” with publication date: November 14, 2017.

Honeywell International Inc. is a technology and manufacturing company. The company has market cap of $113.66 billion. The Firm operates through four divisions: Aerospace, Home and Building Technologies, Performance Materials and Technologies, and Safety and Productivity Solutions. It has a 22.61 P/E ratio. The Company’s Aerospace segment supplies products, software and services for aircraft and vehicles that it sells to original equipment manufacturers and other customers.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.