Barclays Has Lowered Expectations for Honeywell International (NASDAQ:HON) Stock Price

Honeywell International (NASDAQ:HON) had its price target dropped by investment analysts at Barclays from $260.00 to $255.00 in a research report issued on Wednesday,Benzinga reports. The firm currently has an “overweight” rating on the conglomerate’s stock. Barclays‘s price target would indicate a potential upside of 15.58% from the company’s current price.

Other analysts also recently issued research reports about the company. Wells Fargo & Company cut their price target on Honeywell International from $254.00 to $240.00 and set an “equal weight” rating on the stock in a report on Tuesday. The Goldman Sachs Group raised their target price on Honeywell International from $227.00 to $256.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Royal Bank of Canada restated a “sector perform” rating and set a $253.00 price target on shares of Honeywell International in a research report on Tuesday, December 3rd. UBS Group reiterated a “buy” rating and issued a $298.00 price objective (up from $215.00) on shares of Honeywell International in a research report on Wednesday, November 13th. Finally, Bank of America upped their target price on shares of Honeywell International from $220.00 to $240.00 and gave the stock a “neutral” rating in a research report on Thursday, November 14th. Eleven analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Honeywell International presently has an average rating of “Hold” and an average price target of $248.21.

Honeywell International Price Performance

HON opened at $220.63 on Wednesday. The company has a quick ratio of 1.12, a current ratio of 1.44 and a debt-to-equity ratio of 1.44. The company’s 50-day moving average price is $225.61 and its 200 day moving average price is $214.10. Honeywell International has a fifty-two week low of $189.66 and a fifty-two week high of $242.77. The firm has a market cap of $143.46 billion, a price-to-earnings ratio of 25.48, a price-to-earnings-growth ratio of 2.85 and a beta of 1.06.

Institutional Trading of Honeywell International

Institutional investors have recently modified their holdings of the company. Teachers Insurance & Annuity Association of America bought a new stake in Honeywell International in the third quarter worth about $25,000. Reston Wealth Management LLC bought a new stake in shares of Honeywell International in the 3rd quarter worth approximately $29,000. Financial Avengers Inc. lifted its stake in Honeywell International by 48.1% during the third quarter. Financial Avengers Inc. now owns 154 shares of the conglomerate’s stock valued at $32,000 after purchasing an additional 50 shares during the last quarter. Planning Capital Management Corp lifted its stake in Honeywell International by 96.4% during the third quarter. Planning Capital Management Corp now owns 165 shares of the conglomerate’s stock valued at $34,000 after purchasing an additional 81 shares during the last quarter. Finally, Western Pacific Wealth Management LP bought a new stake in Honeywell International during the third quarter worth approximately $41,000. Institutional investors and hedge funds own 75.91% of the company’s stock.

About Honeywell International

Honeywell International Inc engages in the aerospace technologies, building automation, energy and sustainable solutions, and industrial automation businesses in the United States, Europe, and internationally. The company’s Aerospace segment offers auxiliary power units, propulsion engines, integrated avionics, environmental control and electric power systems, engine controls, flight safety, communications, navigation hardware, data and software applications, radar and surveillance systems, aircraft lighting, advanced systems and instruments, satellite and space components, and aircraft wheels and brakes; spare parts; repair, overhaul, and maintenance services; and thermal systems, as well as wireless connectivity services.