Oppenheimer Assigned a Buy Rating to Honeywell Intl

In a report released today, Christopher Glynn from Oppenheimer assigned a Buy rating to Honeywell Intl (NYSE: HON), with a price target of $122. The company’s shares opened today at $109.26.

According to TipRanks.com, Glynn is a top 25 analyst with an average return of 14.8% and a 72.5% success rate. Glynn covers the Industrial Goods sector, focusing on stocks such as Emerson Electric Company, Rockwell Automation Inc, and Mueller Water Products.

Currently, the analyst consensus on Honeywell Intl is Strong Buy and the average price target is $126.50, representing a 15.8% upside.

In a report issued on October 10, RBC Capital also reiterated a Buy rating on the stock with a $133 price target.

Based on Honeywell Intl’s latest earnings report from June 30, the company posted quarterly revenue of $9.99B and quarterly net profit of $1.28B. In comparison, last year the company earned revenue of $9.61B and had a net profit of $1.26B.

Based on the recent corporate insider activity of 64 insiders, corporate insider sentiment is negative on the stock. Most recently, in August 2016, Darius Adamczyk, a the President and CEO, PMT of HON sold 13,985 shares for a total of $1,624,777.

Honeywell International, Inc. is a diversified technology and manufacturing company. It offers aerospace products and services; turbochargers; control, sensing and security technologies for buildings and homes; 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 its business through three segments: Aerospace; Automation and Control Solutions; and Performance Materials and Technologies. The Aerospace segment supplies aircraft engines, integrated avionics, systems and service solutions, and related products and services for aircraft manufacturers, airlines, aircraft operators, military services, and defense and space contractors. This segment also manufactures turbochargers for passenger cars and commercial vehicles. The Aerospace segment’s products and services include auxiliary power units, propulsion engines, environmental control systems, connectivity, electric power systems, engine controls, flight safety, communications, navigation, radar and surveillance systems, aircraft lighting, management and technical services, logistics services, advanced systems and instruments, aircraft wheels and brakes, repair and overhaul services, turbochargers and thermal systems. The Automation and Control Solutions segment provides products, software and technologies for environmental and energy solutions; sensors, switches and controls for sensing and productivity solutions; security and fire safety products; industrial safety products; and building solutions and services for homes, commercial buildings and industrial facilities. This segment’s also offers software and products for high performance data collection, including rugged mobile computers and printers, bar code scanners and voice technologies; and installation, maintenance and upgrades of systems that keep buildings safe, comfortable and productive. The Performance Materials and Technologies segment develops and manufactures advanced materials, process technologies and automation solutions. Its process technology and products include catalysts and adsorbents, equipment and consulting services to produce gasoline, diesel, jet fuel, petrochemicals and renewable fuels for the petroleum refining, gas processing and petrochemical industries. This segment also manufactures variety of high-performance products, including fluorocarbons, hydrofluoroolefins, caprolactam, resins, ammonium sulfate fertilizer, phenol, specialty films, waxes, additives, advanced fibers, customized research chemicals and intermediates, and electronic materials and chemicals. Honeywell International was founded by Albert M. Butz in 1885 and is headquartered in Morris Plains, NJ.