Honeywell International (NASDAQ:HON) Stock Price Expected to Rise, Bank of America Analyst Says

Honeywell International (NASDAQ:HON) had its price target upped by investment analysts at Bank of America from $220.00 to $240.00 in a research note issued to investors on Thursday,Benzinga reports. The firm presently has a “neutral” rating on the conglomerate’s stock. Bank of America‘s price target suggests a potential upside of 4.81% from the company’s current price.

HON has been the subject of a number of other reports. Wells Fargo & Company increased their target price on Honeywell International from $215.00 to $254.00 and gave the stock an “equal weight” rating in a research note on Wednesday. UBS Group reiterated a “buy” rating and issued a $298.00 price objective (up previously from $215.00) on shares of Honeywell International in a research report on Wednesday. JPMorgan Chase & Co. decreased their target price on shares of Honeywell International from $235.00 to $233.00 and set a “neutral” rating on the stock in a research report on Friday, October 25th. Barclays increased their price target on shares of Honeywell International from $229.00 to $252.00 and gave the company an “overweight” rating in a report on Wednesday. Finally, Citigroup reduced their price objective on shares of Honeywell International from $248.00 to $244.00 and set a “buy” rating for the company in a research note on Friday, October 25th. Nine investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $241.45.

Honeywell International Price Performance

Shares of NASDAQ HON opened at $228.99 on Thursday. The stock has a fifty day moving average price of $210.77 and a 200 day moving average price of $207.50. Honeywell International has a 1-year low of $189.66 and a 1-year high of $242.77. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.44 and a quick ratio of 1.12. The company has a market cap of $148.90 billion, a PE ratio of 26.44, a P/E/G ratio of 2.77 and a beta of 1.03.

Institutional Trading of Honeywell International

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HON. M&T Bank Corp lifted its stake in shares of Honeywell International by 1.1% during the third quarter. M&T Bank Corp now owns 298,210 shares of the conglomerate’s stock valued at $61,643,000 after buying an additional 3,143 shares during the period. Executive Wealth Management LLC acquired a new position in Honeywell International in the 3rd quarter valued at $234,000. Continuum Advisory LLC lifted its stake in shares of Honeywell International by 402.0% during the 3rd quarter. Continuum Advisory LLC now owns 502 shares of the conglomerate’s stock worth $104,000 after purchasing an additional 402 shares during the period. LRI Investments LLC boosted its holdings in shares of Honeywell International by 22.4% during the third quarter. LRI Investments LLC now owns 8,644 shares of the conglomerate’s stock worth $1,787,000 after purchasing an additional 1,584 shares during the last quarter. Finally, Harvest Investment Advisors LLC purchased a new stake in shares of Honeywell International in the third quarter valued at $1,605,000. Hedge funds and other institutional investors 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.