Barclays Cuts Honeywell International (NASDAQ:HON) Price Target to $243.00

Honeywell International (NASDAQ:HON) had its price target reduced by research analysts at Barclays from $247.00 to $243.00 in a note issued to investors on Wednesday,Benzinga reports. The firm presently has an “overweight” rating on the conglomerate’s stock. Barclays‘s price target suggests a potential upside of 15.31% from the company’s previous close.

A number of other research firms also recently issued reports on HON. Citigroup lowered their price objective on shares of Honeywell International from $253.00 to $229.00 and set a “buy” rating on the stock in a report on Monday, April 14th. Deutsche Bank Aktiengesellschaft upgraded Honeywell International from a “hold” rating to a “buy” rating and increased their price target for the company from $236.00 to $260.00 in a research note on Friday, February 7th. Royal Bank of Canada upped their target price on Honeywell International from $211.00 to $226.00 and gave the company a “sector perform” rating in a research report on Wednesday. JPMorgan Chase & Co. cut their price objective on shares of Honeywell International from $205.00 to $178.00 and set a “neutral” rating for the company in a report on Tuesday, April 8th. Finally, Wells Fargo & Company dropped their price objective on Honeywell International from $240.00 to $220.00 and set an “equal weight” rating for the company in a report on Friday, February 7th. Ten research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $241.46.

Honeywell International Trading Up 0.1 %

Shares of NASDAQ HON opened at $210.74 on Wednesday. Honeywell International has a fifty-two week low of $179.36 and a fifty-two week high of $242.77. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.31 and a quick ratio of 1.01. The firm has a market capitalization of $135.56 billion, a P/E ratio of 24.20, a P/E/G ratio of 2.51 and a beta of 1.01. The company’s 50 day simple moving average is $205.02 and its 200 day simple moving average is $215.61.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings results on Tuesday, April 29th. The conglomerate reported $2.51 earnings per share for the quarter, topping analysts’ consensus estimates of $2.21 by $0.30. Honeywell International had a net margin of 14.82% and a return on equity of 35.78%. The company had revenue of $9.82 billion for the quarter, compared to analysts’ expectations of $9.59 billion. During the same period last year, the firm posted $2.25 earnings per share. The business’s quarterly revenue was up 7.9% compared to the same quarter last year. On average, analysts predict that Honeywell International will post 10.34 EPS for the current year.

Insider Transactions at Honeywell International

In other Honeywell International news, VP Anne T. Madden sold 28,885 shares of the stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $207.89, for a total transaction of $6,004,902.65. Following the transaction, the vice president now directly owns 41,580 shares in the company, valued at approximately $8,644,066.20. This represents a 40.99 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.41% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Honeywell International

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Mainstream Capital Management LLC acquired a new position in shares of Honeywell International during the fourth quarter valued at about $25,000. Avalon Trust Co lifted its holdings in shares of Honeywell International by 166.7% in the fourth quarter. Avalon Trust Co now owns 120 shares of the conglomerate’s stock valued at $27,000 after purchasing an additional 75 shares in the last quarter. Mpwm Advisory Solutions LLC purchased a new position in shares of Honeywell International during the fourth quarter valued at approximately $29,000. Hoese & Co LLP purchased a new stake in Honeywell International in the 4th quarter valued at $30,000. Finally, Accredited Wealth Management LLC purchased a new position in Honeywell International during the 4th quarter worth $34,000. 75.91% of the stock is owned by institutional investors.

Honeywell International Company Profile

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.