Price Target Update on Honeywell International (NYSE:HON)

Honeywell International (NYSE:HON) : The most positive equity analysts on Honeywell International (NYSE:HON) expects the shares to touch $130, whereas, the least positive believes that the stock will trade at $115 in the short term. The company is covered by 12 Wall Street Brokerage Firms. The average price target for shares are $124.92 with an expected fluctuation of $4.66 from the mean.

Other Equity analysts have also commented on the company shares. Equity analysts at the Brokerage firm UBS maintains its rating on Honeywell International (NYSE:HON). The rating major has initiated the coverage with neutral rating on the shares. The Analysts at UBS raises the price target from $105 per share to $115 per share. The rating by the firm was issued on June 6, 2016.

Honeywell International (NYSE:HON): stock turned positive on Thursday. Though the stock opened at $117.51, the bulls momentum made the stock top out at $117.7 level for the day. The stock recorded a low of $116.635 and closed the trading day at $117.32, in the green by 0.64%. The total traded volume for the day was 2,007,486. The stock had closed at $116.57 in the previous days trading.

The company shares have rallied 12.78% from its 1 Year high price. On Jun 20, 2016, the shares registered one year high at $118.53 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $114.68 and the 200 Day Moving Average price is recorded at $108.35. On the companys insider trading activities, The Securities and Exchange Commission has divulged that Mikkilineni Krishna, officer (SrVP, Engineering, Ops & IT) of Honeywell International Inc, had unloaded 13,000 shares at an average price of $114.1 in a transaction dated on May 27, 2016. The total value of the transaction was worth $1,483,300.

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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