Barclays Raises Honeywell (HON) PT After Q3 Earnings

Honeywell International Inc. (NASDAQ:HON) is one of the 10 Best Dow Stocks to Buy According to Wall Street Analysts. On October 24, Barclays increased its price target for Honeywell International Inc. (NASDAQ:HON) from $265 to $270 while maintaining an Overweight rating.

This decision came after the company reported Q3 results. Honeywell International Inc. (NASDAQ:HON) recorded sales of $10.4 billion, up 7% in reported sales and up 6% in organic sales. The company surpassed the high end of its previous guidance.

Barclays Raises Honeywell (HON) PT After Q3 Earnings

Honeywell International Inc. (NASDAQ:HON) reported EPS of $2.86 and Adjusted EPS of $2.82. Both were above the high end of the company’s previous guidance. The company also reported that orders were up by 22%. This growth was mainly supported by Aerospace Technologies and Energy and Sustainability Solutions. Honeywell International Inc. (NASDAQ:HON) raised its full-year guidance for organic growth and Adjusted EPS.

Barclays noted that the company’s aerospace business is performing well. The firm’s analyst told investors in a research note that Honeywell International Inc. (NASDAQ:HON) could see its value rise because of strong organic growth.

Honeywell International Inc. (NASDAQ:HON) is an American multinational corporation that provides advanced technologies and solutions through its Aerospace Technologies, Building Automation, Energy and Sustainability Solutions, and Industrial Automation business segments.

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Disclosure: None. This article is originally published at Insider Monkey.