Honeywell International (NASDAQ:HON) Price Target Raised to $250.00

Honeywell International (NASDAQ:HON) had its price target raised by Argus from $225.00 to $250.00 in a report issued on Wednesday, MarketBeat.com reports. The brokerage currently has a buy rating on the conglomerate’s stock.

Other analysts have also issued reports about the company. Sanford C. Bernstein set a $255.00 price objective on Honeywell International in a research note on Friday, January 16th. Royal Bank Of Canada reduced their price target on shares of Honeywell International from $253.00 to $249.00 and set an “outperform” rating on the stock in a research note on Thursday, January 15th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Honeywell International from $265.00 to $264.00 and set a “buy” rating for the company in a research report on Monday, December 8th. Morgan Stanley cut their target price on shares of Honeywell International from $245.00 to $235.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 28th. Finally, BNP Paribas Exane upgraded shares of Honeywell International to a “hold” rating in a report on Wednesday, December 3rd. Eleven equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $237.67.

Honeywell International Stock Down 0.5%

Shares of HON opened at $221.46 on Wednesday. The firm has a 50 day simple moving average of $199.33 and a two-hundred day simple moving average of $209.57. The company has a debt-to-equity ratio of 1.70, a current ratio of 1.36 and a quick ratio of 1.04. Honeywell International has a one year low of $169.21 and a one year high of $228.04. The company has a market cap of $140.60 billion, a P/E ratio of 23.34, a P/E/G ratio of 2.44 and a beta of 0.95.

Honeywell International (NASDAQ:HON) last issued its earnings results on Thursday, October 23rd. The conglomerate reported $2.82 earnings per share for the quarter, beating analysts’ consensus estimates of $2.57 by $0.25. Honeywell International had a return on equity of 38.11% and a net margin of 15.07%.The firm had revenue of $10.41 billion for the quarter, compared to the consensus estimate of $10.14 billion. During the same quarter last year, the business posted $2.58 EPS. The company’s revenue was up 7.0% compared to the same quarter last year. Research analysts forecast that Honeywell International will post 10.34 EPS for the current fiscal year.

Institutional Trading of Honeywell International

Institutional investors have recently modified their holdings of the business. Holos Integrated Wealth LLC bought a new stake in shares of Honeywell International in the 4th quarter valued at about $25,000. Chung Wu Investment Group LLC acquired a new position in shares of Honeywell International in the second quarter worth approximately $26,000. Barnes Dennig Private Wealth Management LLC boosted its holdings in Honeywell International by 491.7% in the third quarter. Barnes Dennig Private Wealth Management LLC now owns 142 shares of the conglomerate’s stock valued at $30,000 after acquiring an additional 118 shares during the last quarter. JPL Wealth Management LLC acquired a new stake in Honeywell International during the 3rd quarter valued at approximately $31,000. Finally, RMG Wealth Management LLC acquired a new stake in Honeywell International during the 2nd quarter valued at approximately $33,000. Institutional investors own 75.91% of the company’s stock.

Honeywell International Company Profile

Honeywell International Inc is a diversified, publicly traded multinational conglomerate (NASDAQ: HON) that designs and manufactures a wide range of commercial and consumer products, engineering services and aerospace systems. The company operates through major business platforms that historically include Aerospace; Building Technologies; Performance Materials and Technologies; and Safety and Productivity Solutions. Its portfolio spans avionics and propulsion systems, building controls and HVAC equipment, process technologies and advanced materials, industrial automation software, and personal protective equipment and scanning solutions.

Honeywell’s aerospace business supplies aircraft manufacturers and operators with engines and auxiliary power units, avionics, flight safety systems and aftermarket services.