Honeywell International Inc. (NASDAQ:HON) Receives $237.67 Average PT from Analysts

Honeywell International Inc. (NASDAQ:HON) has earned a consensus rating of “Moderate Buy” from the twenty research firms that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation and eleven have assigned a buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is $237.6667.

A number of research firms have commented on HON. Barclays reduced their target price on Honeywell International from $269.00 to $250.00 and set an “overweight” rating on the stock in a research report on Wednesday, December 24th. Citigroup reduced their price objective on shares of Honeywell International from $267.00 to $262.00 and set a “buy” rating on the stock in a report on Monday, January 12th. Morgan Stanley lowered their target price on shares of Honeywell International from $245.00 to $235.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 28th. Jefferies Financial Group reduced their price target on shares of Honeywell International from $230.00 to $220.00 in a research note on Monday, November 3rd. Finally, Wall Street Zen raised shares of Honeywell International to a “hold” rating in a research report on Saturday, January 3rd.

Honeywell International Stock Down 0.1%

HON stock opened at $221.16 on Friday. The firm has a market cap of $140.41 billion, a PE ratio of 23.30, a PEG ratio of 2.43 and a beta of 0.95. The company has a debt-to-equity ratio of 1.70, a quick ratio of 1.04 and a current ratio of 1.36. The firm’s 50 day moving average price is $199.83 and its 200-day moving average price is $209.04. Honeywell International has a one year low of $169.21 and a one year high of $228.04.

Institutional Investors Weigh In On Honeywell International

Several institutional investors and hedge funds have recently modified their holdings of HON. BankPlus Wealth Management LLC raised its holdings in Honeywell International by 2.2% in the second quarter. BankPlus Wealth Management LLC now owns 1,986 shares of the conglomerate’s stock valued at $463,000 after acquiring an additional 43 shares in the last quarter. Summit Wealth Group LLC increased its position in shares of Honeywell International by 4.3% in the 2nd quarter. Summit Wealth Group LLC now owns 1,115 shares of the conglomerate’s stock valued at $260,000 after purchasing an additional 46 shares during the last quarter. FSM Wealth Advisors LLC raised its holdings in shares of Honeywell International by 1.1% in the 4th quarter. FSM Wealth Advisors LLC now owns 4,231 shares of the conglomerate’s stock valued at $825,000 after purchasing an additional 46 shares in the last quarter. Capital Advisors Ltd. LLC raised its holdings in shares of Honeywell International by 1.8% in the 2nd quarter. Capital Advisors Ltd. LLC now owns 2,696 shares of the conglomerate’s stock valued at $628,000 after purchasing an additional 47 shares in the last quarter. Finally, Bar Harbor Wealth Management lifted its position in shares of Honeywell International by 0.3% during the 2nd quarter. Bar Harbor Wealth Management now owns 15,192 shares of the conglomerate’s stock worth $3,538,000 after purchasing an additional 47 shares during the last quarter. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Honeywell International Company Profile

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.