Oppenheimer Believes Honeywell International (NYSE: HON) Won’t Stop Here

By Austin Angelo

Oppenheimer analyst Christopher Glynn reiterated a Buy rating on Honeywell International (NYSE: HON) today. The company’s shares opened today at $131.85, close to its 52-week high of $135.

According to TipRanks.com, Glynn is a top 100 analyst with an average return of 13.9% and a 71.4% 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 International is Strong Buy and the average price target is $135.50, representing a 2.8% upside.

In a report issued on May 9, Goldman Sachs also assigned a Buy rating to the stock.

Honeywell International’s market cap is currently $100.5B and has a P/E ratio of 20.89. The company has a book value ratio of 4.9455.

Based on the recent corporate insider activity of 48 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, Thomas Szlosek, the Sr. VP & CFO of HON sold 36,080 shares for a total of $4,732,253.

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.