Honeywell International (NYSE:HON) Rating Increased to Buy at Deutsche Bank Aktiengesellschaft


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Honeywell International (NYSE:HON) was upgraded by Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a note issued to investors on Thursday, The Fly reports.

Other analysts have also issued reports about the company. Barclays increased their target price on Honeywell International from $225.00 to $230.00 and gave the stock an “overweight” rating in a report on Tuesday. Argus increased their price target on shares of Honeywell International from $195.00 to $225.00 and gave the stock a “buy” rating in a research report on Monday, February 1st. Morgan Stanley boosted their price objective on shares of Honeywell International from $220.00 to $230.00 and gave the company an “equal weight” rating in a research report on Monday, March 29th. UBS Group raised their target price on Honeywell International from $180.00 to $216.00 and gave the company a “neutral” rating in a report on Friday, January 15th. They noted that the move was a valuation call. Finally, Credit Suisse Group boosted their price target on Honeywell International from $222.00 to $224.00 and gave the stock an “outperform” rating in a report on Thursday, April 1st. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have assigned a buy rating to the company’s stock. Honeywell International currently has an average rating of “Hold” and an average target price of $203.87.

Shares of Honeywell International stock traded up $1.21 during trading on Thursday, reaching $219.71. The company’s stock had a trading volume of 87,608 shares, compared to its average volume of 2,807,698. The company has a quick ratio of 1.37, a current ratio of 1.64 and a debt-to-equity ratio of 0.97. The business’s 50-day moving average price is $210.69 and its 200-day moving average price is $198.48. Honeywell International has a 52 week low of $117.11 and a 52 week high of $221.05. The firm has a market cap of $152.81 billion, a PE ratio of 31.52, a P/E/G ratio of 3.41 and a beta of 1.13.

Honeywell International (NYSE:HON) last posted its quarterly earnings data on Thursday, January 28th. The conglomerate reported $2.07 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.00 by $0.07. Honeywell International had a net margin of 14.99% and a return on equity of 27.69%. The firm had revenue of $8.90 billion during the quarter, compared to the consensus estimate of $8.39 billion. During the same quarter in the previous year, the firm posted $2.06 EPS. The business’s revenue for the quarter was down 6.3% compared to the same quarter last year. Equities analysts predict that Honeywell International will post 7.03 earnings per share for the current year.

Hedge funds have recently bought and sold shares of the company. BlackRock Inc. grew its position in Honeywell International by 4.8% in the 4th quarter. BlackRock Inc. now owns 42,835,736 shares of the conglomerate’s stock worth $9,111,162,000 after purchasing an additional 1,948,217 shares in the last quarter. Bessemer Group Inc. increased its position in shares of Honeywell International by 7,187.3% during the fourth quarter. Bessemer Group Inc. now owns 782,223 shares of the conglomerate’s stock valued at $166,378,000 after acquiring an additional 771,489 shares during the last quarter. First Trust Advisors LP boosted its position in Honeywell International by 138.6% in the fourth quarter. First Trust Advisors LP now owns 1,287,575 shares of the conglomerate’s stock worth $273,867,000 after purchasing an additional 747,974 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in Honeywell International by 4.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 10,204,199 shares of the conglomerate’s stock valued at $2,167,460,000 after purchasing an additional 477,569 shares during the period. Finally, Morgan Stanley increased its position in shares of Honeywell International by 3.3% during the 4th quarter. Morgan Stanley now owns 11,728,323 shares of the conglomerate’s stock valued at $2,494,613,000 after purchasing an additional 379,995 shares during the last quarter. 75.97% of the stock is owned by hedge funds and other institutional investors.

About Honeywell International

Honeywell International, Inc is a software industrial company, which offers industry specific solutions to aerospace and automotive products and services. It specializes in turbochargers control, sensing and security technologies for buildings and homes; specialty chemicals; electronic and advanced materials; process technology for refining and petrochemicals; and energy efficient products and solutions for homes, business and transportation.

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Analyst Recommendations for Honeywell International (NYSE:HON)

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