Honeywell International (NASDAQ:HON) Price Target Raised to $240.00

Honeywell International (NASDAQ:HON) had its target price upped by investment analysts at Jefferies Financial Group from $220.00 to $240.00 in a research report issued on Tuesday,MarketScreener reports. Jefferies Financial Group’s price target would indicate a potential upside of 3.85% from the stock’s previous close.

Several other equities analysts have also recently commented on HON. Morgan Stanley lowered their price target on shares of Honeywell International from $245.00 to $235.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 28th. Argus boosted their target price on Honeywell International from $225.00 to $250.00 and gave the company a “buy” rating in a research note on Wednesday, January 21st. DZ Bank cut their price target on Honeywell International from $248.00 to $237.00 in a research note on Tuesday, December 23rd. The Goldman Sachs Group lowered their price target on Honeywell International from $245.00 to $236.00 and set a “buy” rating for the company in a research note on Tuesday, December 16th. Finally, Mizuho cut their price objective on shares of Honeywell International from $250.00 to $240.00 and set an “outperform” rating on the stock in a research report on Monday, January 5th. Eleven investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $244.50.

Honeywell International Stock Up 1.6%

NASDAQ:HON traded up $3.55 on Tuesday, hitting $231.11. 577,001 shares of the company’s stock traded hands, compared to its average volume of 4,906,130. The company has a market cap of $146.73 billion, a PE ratio of 28.87, a price-to-earnings-growth ratio of 2.66 and a beta of 0.94. Honeywell International has a 1 year low of $169.21 and a 1 year high of $230.97. The company has a current ratio of 1.32, a quick ratio of 1.05 and a debt-to-equity ratio of 1.76. The firm has a 50-day moving average price of $203.26 and a 200-day moving average price of $208.59.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings results on Thursday, January 29th. The conglomerate reported $2.59 EPS for the quarter, topping the consensus estimate of $2.54 by $0.05. The business had revenue of $10.07 billion during the quarter, compared to analysts’ expectations of $9.60 billion. Honeywell International had a net margin of 12.74% and a return on equity of 40.40%. The firm’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same period last year, the company posted $2.47 earnings per share. Equities analysts anticipate that Honeywell International will post 10.34 EPS for the current fiscal year.

Institutional Investors Weigh In On Honeywell International

A number of hedge funds have recently bought and sold shares of the company. Brighton Jones LLC boosted its position in shares of Honeywell International by 9.1% in the fourth quarter. Brighton Jones LLC now owns 19,047 shares of the conglomerate’s stock valued at $4,302,000 after acquiring an additional 1,582 shares during the period. Acadian Asset Management LLC raised its position in Honeywell International by 145.7% in the first quarter. Acadian Asset Management LLC now owns 4,433 shares of the conglomerate’s stock worth $937,000 after purchasing an additional 2,629 shares in the last quarter. Wealthcare Advisory Partners LLC grew its stake in shares of Honeywell International by 6.3% in the 2nd quarter. Wealthcare Advisory Partners LLC now owns 9,966 shares of the conglomerate’s stock valued at $2,321,000 after purchasing an additional 591 shares during the period. Beacon Financial Advisory LLC grew its position in Honeywell International by 8.6% in the second quarter. Beacon Financial Advisory LLC now owns 1,168 shares of the conglomerate’s stock valued at $272,000 after acquiring an additional 92 shares during the period. Finally, Grimes & Company Inc. increased its position in shares of Honeywell International by 12.4% during the 2nd quarter. Grimes & Company Inc. now owns 8,387 shares of the conglomerate’s stock worth $1,953,000 after purchasing an additional 923 shares in the last quarter. 75.91% of the stock is currently owned by institutional investors.

More Honeywell International News

Here are the key news stories impacting Honeywell International this week:

• Positive Sentiment: Multiple analysts raised price targets to the mid?$200s, signaling upward revisions to outlook that could support the share price. Price Target Raised to $273.00 Price Target Raised to $268.00 Price Target Raised to $265.00 Price Target Raised to $260.00 Price Target Raised to $259.00 Price Target Raised to $235.00 Price Target Raised to $240.00
• Positive Sentiment: Rothschild & Co Redburn lifted its target to $235 (now a neutral rating) — another upward revision that may lend support to the shares. Rothschild & Co Redburn PT Raise
• Positive Sentiment: Product/market expansion: Honeywell is promoting its SkyShot uncrewed fighter engine in Asia — a defense/aerospace development that could drive longer?term aerospace revenue if adopted. SkyShot Uncrewed Fighter Engine
• Neutral Sentiment: BNP Paribas Exane bumped its target to $215 but kept a neutral rating — the target sits below the recent share price, so the move is mixed for near?term upside. BNP Paribas PT Adjustment
• Neutral Sentiment: Honeywell Automation India reported a quarterly profit slip on higher costs and a one?time charge — a localized earnings pressure for the India-listed affiliate that is unlikely to materially change HON’s consolidated outlook but bears watching. Honeywell Automation India Profit Slip
• Negative Sentiment: Analyst commentary on returns: a Yahoo Finance piece flagged that Honeywell’s recent return trends “aren’t appealing,” which could weigh on investor sentiment and contribute to near?term selling pressure. Return Trends Commentary

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.