Honeywell International Inc. (NASDAQ:HON) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Honeywell International Inc. (NASDAQ:HON) have received an average recommendation of “Moderate Buy” from the twenty brokerages that are presently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating, eight have issued a hold rating and eleven have assigned a buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $237.6667.

Several brokerages have recently weighed in on HON. Argus raised their price target on Honeywell International from $225.00 to $250.00 and gave the company a “buy” rating in a report on Wednesday, January 21st. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Honeywell International from $265.00 to $264.00 and set a “buy” rating for the company in a research note on Monday, December 8th. Jefferies Financial Group dropped their target price on shares of Honeywell International from $230.00 to $220.00 in a research note on Monday, November 3rd. Morgan Stanley reduced their price target on shares of Honeywell International from $245.00 to $235.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 28th. Finally, TD Cowen lowered their price objective on Honeywell International from $250.00 to $240.00 and set a “buy” rating on the stock in a research report on Monday, November 10th.

Honeywell International Stock Down 1.9%

HON stock opened at $216.64 on Friday. The business has a 50 day moving average of $200.95 and a 200 day moving average of $208.99. The firm has a market cap of $137.54 billion, a PE ratio of 22.83, a price-to-earnings-growth ratio of 2.62 and a beta of 0.95. Honeywell International has a twelve month low of $169.21 and a twelve month high of $228.04. The company has a quick ratio of 1.04, a current ratio of 1.36 and a debt-to-equity ratio of 1.70.

Institutional Investors Weigh In On Honeywell International

Several large investors have recently bought and sold shares of HON. Holos Integrated Wealth LLC purchased a new stake in shares of Honeywell International during the 4th quarter valued at about $25,000. Chung Wu Investment Group LLC bought a new position in Honeywell International during the second quarter valued at approximately $26,000. Barnes Dennig Private Wealth Management LLC boosted its holdings in Honeywell International by 491.7% in the third quarter. Barnes Dennig Private Wealth Management LLC now owns 142 shares of the conglomerate’s stock worth $30,000 after purchasing an additional 118 shares during the last quarter. JPL Wealth Management LLC bought a new stake in Honeywell International in the 3rd quarter worth approximately $31,000. Finally, RMG Wealth Management LLC purchased a new stake in Honeywell International during the 2nd quarter valued at $33,000. 75.91% of the stock is currently owned by institutional investors.

About Honeywell International

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.