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Insights into Honeywell's Outperformance and 2Q17 Dividend

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Part 4
Insights into Honeywell's Outperformance and 2Q17 Dividend PART 4 OF 4

What Are Analysts’ Latest Recommendations on Honeywell?

Analysts’ recommendations for Honeywell

On May 18, 2017, 21 brokerage companies were actively tracking Honeywell International (HON) stock. 

Among them, 81% of analysts recommended the stock as a “buy,” 19% of analysts recommended the stock as a “hold,” and no analysts recommended the stock as a “sell.”

What Are Analysts&#8217; Latest Recommendations on Honeywell?

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Analysts’ consensus estimate indicates a 12-month target price of $131.90 for HON, implying a return potential of 1.1% for the stock compared to its closing price of $130.42 on May 18, 2017.

Why are analysts recommending “buys” for Honeywell?

Honeywell’s 1Q17 earnings beat and its raising of the lower end of its 2017 EPS (earnings per share) estimate may have influenced most analysts to recommend “buys” on its stock.

Recommendations and targets

Below are some of the recommended target prices for Honeywell from well-known brokerage companies:

  • Stifel gave Honeywell a target price of $143.00, implying a 12-month potential return of 9.6% over its May 18, 2017, closing price of $130.42.
  • Citigroup raised Honeywell’s target price to $147.00, which implies a 12-month potential return of 12.7% over its May 18, 2017, closing price.
  • Morgan Stanley (MS) announced a target price of $136 Honeywell, implying a 12-month potential return of 4.3% over its May 18, 2017, closing price.
  • Goldman Sachs (GS) announced a target price of $137 for Honeywell, implying a 12-month potential return of 5.0% over its May 18, 2017, closing price.
  • Oppenheimer raised Honeywell’s target price to $148, which implies a 12-month potential return of 13.5% over its May 18, 2017, closing price.

You can indirectly invest in Honeywell through the Industrial Select Sector SPDR ETF (XLI), which has invested 4.8% of its portfolio in Honeywell. The top holdings of this fund include General Electric (GE) and 3M Company (MMM) with weights of 8.1% and 5.4%, respectively, as of May 18, 2017.

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