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.
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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