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Honeywell International (HON) Gets a Hold Rating from RBC Capital

RBC Capital analyst Deane Dray maintained a Hold rating on Honeywell International (HONResearch Report) on July 13 and set a price target of $184.00. The company’s shares closed last Thursday at $169.51, close to its 52-week low of $168.96.

According to TipRanks.com, Dray is a 4-star analyst with an average return of 6.8% and a 46.1% success rate. Dray covers the Industrial Goods sector, focusing on stocks such as Atkore International Group, Evoqua Water Technologies, and Emerson Electric Company.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Honeywell International with a $207.00 average price target, implying a 22.7% upside from current levels. In a report issued on July 13, Jefferies also maintained a Hold rating on the stock with a $195.00 price target.

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Honeywell International’s market cap is currently $116.3B and has a P/E ratio of 22.70.

Based on the recent corporate insider activity of 73 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. Most recently, in May 2022, Robin Washington, a Director at HON bought 307 shares for a total of $60,611.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.

Read More on HON:

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