Honeywell International Inc. (NASDAQ:HON) Given Average Rating of “Hold” by Brokerages

Shares of Honeywell International Inc. (NASDAQ:HON) have been given a consensus recommendation of “Hold” by the nineteen brokerages that are presently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, nine have given a hold recommendation and nine have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $235.5789.

A number of equities research analysts have recently commented on the stock. JPMorgan Chase & Co. upped their price objective on shares of Honeywell International from $212.00 to $218.00 and gave the company a “neutral” rating in a research note on Friday, October 24th. HSBC cut their price target on shares of Honeywell International from $290.00 to $266.00 and set a “buy” rating on the stock in a research report on Tuesday, November 11th. Morgan Stanley lowered their price objective on Honeywell International from $245.00 to $235.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 28th. Bank of America restated an “underperform” rating and set a $205.00 target price (down previously from $265.00) on shares of Honeywell International in a research report on Tuesday, November 18th. Finally, Robert W. Baird lowered their target price on Honeywell International from $250.00 to $220.00 and set a “neutral” rating for the company in a report on Monday, October 13th.

Honeywell International Stock Up 0.4%

Shares of HON opened at $195.88 on Tuesday. The stock’s 50-day moving average price is $196.13 and its two-hundred day moving average price is $211.32. Honeywell International has a 12 month low of $169.21 and a 12 month high of $228.04. The company has a market capitalization of $124.36 billion, a PE ratio of 20.64, a PEG ratio of 2.62 and a beta of 0.95. The company has a current ratio of 1.36, a quick ratio of 1.04 and a debt-to-equity ratio of 1.70.

Honeywell International (NASDAQ:HON) last issued its quarterly earnings results on Monday, December 11th. The conglomerate reported $2.25 earnings per share for the quarter. The company had revenue of $8.95 billion during the quarter. Honeywell International had a return on equity of 38.11% and a net margin of 15.07%.Honeywell International has set its Q4 2023 guidance at 2.530-2.630 EPS and its FY 2023 guidance at 9.100-9.200 EPS. On average, analysts anticipate that Honeywell International will post 10.34 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of HON. Chung Wu Investment Group LLC acquired a new position in shares of Honeywell International during the second quarter valued at about $26,000. Barnes Dennig Private Wealth Management LLC increased its position in Honeywell International by 491.7% in the 3rd quarter. Barnes Dennig Private Wealth Management LLC now owns 142 shares of the conglomerate’s stock valued at $30,000 after buying an additional 118 shares in the last quarter. JPL Wealth Management LLC bought a new stake in Honeywell International in the 3rd quarter valued at about $31,000. RMG Wealth Management LLC acquired a new position in Honeywell International during the 2nd quarter worth approximately $33,000. Finally, Activest Wealth Management boosted its holdings in Honeywell International by 425.9% in the second quarter. Activest Wealth Management now owns 142 shares of the conglomerate’s stock worth $33,000 after acquiring an additional 115 shares in the last quarter. Institutional investors and hedge funds own 75.91% of the company’s stock.

About Honeywell International

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.