Mizuho Lowers Honeywell International (NASDAQ:HON) Price Target to $240.00

Honeywell International (NASDAQ:HON) had its target price dropped by investment analysts at Mizuho from $250.00 to $240.00 in a research report issued on Monday,Benzinga reports. The brokerage currently has an “outperform” rating on the conglomerate’s stock. Mizuho’s price objective would indicate a potential upside of 22.52% from the stock’s previous close.

Several other brokerages have also issued reports on HON. Jefferies Financial Group lowered their price target on shares of Honeywell International from $230.00 to $220.00 in a report on Monday, November 3rd. HSBC lowered their target price on shares of Honeywell International from $290.00 to $266.00 and set a “buy” rating on the stock in a research note on Tuesday, November 11th. Barclays cut their price target on shares of Honeywell International from $269.00 to $250.00 and set an “overweight” rating for the company in a research note on Wednesday, December 24th. JPMorgan Chase & Co. upped their price objective on Honeywell International from $212.00 to $218.00 and gave the company a “neutral” rating in a research note on Friday, October 24th. Finally, BNP Paribas Exane assumed coverage on Honeywell International in a report on Wednesday, December 3rd. They issued a “neutral” rating and a $195.00 target price for the company. Nine research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Honeywell International has an average rating of “Hold” and an average price target of $235.05.

Honeywell International Stock Up 0.4%

HON stock opened at $195.88 on Monday. Honeywell International has a twelve month low of $169.21 and a twelve month high of $228.04. The company has a market cap of $124.36 billion, a PE ratio of 20.64, a price-to-earnings-growth ratio of 2.62 and a beta of 0.95. The business’s 50-day simple moving average is $196.13 and its 200 day simple moving average is $211.25. The company has a quick ratio of 1.04, a current ratio of 1.36 and a debt-to-equity ratio of 1.70.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings results on Monday, December 11th. The conglomerate reported $2.25 EPS for the quarter. Honeywell International had a return on equity of 38.11% and a net margin of 15.07%.The firm had revenue of $8.95 billion during the quarter. Honeywell International has set its Q4 2023 guidance at 2.530-2.630 EPS and its FY 2023 guidance at 9.100-9.200 EPS. On average, research analysts anticipate that Honeywell International will post 10.34 earnings per share for the current year.

Institutional Investors Weigh In On Honeywell International

A number of large investors have recently bought and sold shares of HON. Laurel Wealth Advisors LLC boosted its stake in Honeywell International by 23,503.0% in the second quarter. Laurel Wealth Advisors LLC now owns 3,716,532 shares of the conglomerate’s stock worth $865,506,000 after purchasing an additional 3,700,786 shares in the last quarter. Franklin Resources Inc. raised its holdings in shares of Honeywell International by 28.8% in the third quarter. Franklin Resources Inc. now owns 10,196,543 shares of the conglomerate’s stock valued at $2,146,372,000 after buying an additional 2,277,234 shares during the last quarter. Marshall Wace LLP raised its holdings in shares of Honeywell International by 130.0% in the third quarter. Marshall Wace LLP now owns 1,845,032 shares of the conglomerate’s stock valued at $388,379,000 after buying an additional 1,042,972 shares during the last quarter. Two Sigma Investments LP lifted its position in Honeywell International by 424.3% during the 3rd quarter. Two Sigma Investments LP now owns 1,153,754 shares of the conglomerate’s stock worth $242,865,000 after buying an additional 933,694 shares in the last quarter. Finally, Vista Cima Wealth Management LLC bought a new stake in Honeywell International during the 1st quarter worth about $164,000. 75.91% of the stock is currently owned by institutional investors.

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.