In a report released on May 3, Phil Buller from Berenberg Bank maintained a Buy rating on Honeywell International (HON – Research Report), with a price target of $242.00. The company’s shares closed yesterday at $195.00.
Buller covers the Industrials sector, focusing on stocks such as Airbus Group SE, Eaton, and Honeywell International. According to TipRanks, Buller has an average return of 8.0% and a 60.00% success rate on recommended stocks.
In addition to Berenberg Bank, Honeywell International also received a Buy from Bank of America Securities’s Andrew Obin in a report issued on April 30. However, on the same day, Oppenheimer maintained a Hold rating on Honeywell International (NASDAQ: HON).
The company has a one-year high of $209.45 and a one-year low of $172.91. Currently, Honeywell International has an average volume of 2.88M.
Based on the recent corporate insider activity of 67 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, Gregory P Lewis, the SrVP & CFO of HON sold 25,209.00 shares for a total of $4,866,849.54.
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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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