Honeywell International (NASDAQ:HON) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Honeywell International (NASDAQ:HON) had its price objective lifted by analysts at JPMorgan Chase & Co. from $212.00 to $218.00 in a research note issued to investors on Friday,Benzinga reports. The firm presently has a “neutral” rating on the conglomerate’s stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 0.86% from the stock’s previous close.

Several other equities analysts also recently weighed in on HON. Jefferies Financial Group lowered their target price on Honeywell International from $240.00 to $230.00 and set a “hold” rating on the stock in a research report on Tuesday, October 7th. Wells Fargo & Company decreased their price target on Honeywell International from $230.00 to $220.00 and set an “equal weight” rating on the stock in a report on Monday, October 6th. Robert W. Baird decreased their price target on Honeywell International from $250.00 to $220.00 and set a “neutral” rating on the stock in a report on Monday, October 13th. Barclays raised their price target on Honeywell International from $258.00 to $265.00 and gave the company an “overweight” rating in a report on Wednesday, July 9th. Finally, Royal Bank Of Canada decreased their price target on Honeywell International from $254.00 to $253.00 and set a “sector perform” rating on the stock in a report on Friday, July 25th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $251.60.

Honeywell International Stock Performance

HON stock opened at $216.14 on Friday. The company has a market cap of $137.23 billion, a P/E ratio of 22.78, a price-to-earnings-growth ratio of 2.64 and a beta of 1.06. Honeywell International has a 1 year low of $179.36 and a 1 year high of $242.77. The company has a debt-to-equity ratio of 1.70, a current ratio of 1.36 and a quick ratio of 0.97. The stock’s fifty day moving average price is $212.04 and its 200-day moving average price is $217.66.

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

Insiders Place Their Bets

In other Honeywell International news, CEO Lucian Boldea sold 42,149 shares of the business’s stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $221.58, for a total transaction of $9,339,375.42. Following the sale, the chief executive officer directly owned 10,334 shares of the company’s stock, valued at $2,289,807.72. The trade was a 80.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.20% of the stock is owned by insiders.

Institutional Investors Weigh In On Honeywell International

Several large investors have recently added to or reduced their stakes in HON. Nuveen LLC bought a new stake in Honeywell International during the first quarter worth approximately $1,150,929,000. Laurel Wealth Advisors LLC increased its stake in Honeywell International by 23,503.0% during the second quarter. Laurel Wealth Advisors LLC now owns 3,716,532 shares of the conglomerate’s stock worth $865,506,000 after acquiring an additional 3,700,786 shares during the last quarter. Wellington Management Group LLP grew its stake in shares of Honeywell International by 8.9% during the first quarter. Wellington Management Group LLP now owns 15,751,951 shares of the conglomerate’s stock valued at $3,335,476,000 after buying an additional 1,293,137 shares during the last quarter. Alliancebernstein L.P. grew its stake in shares of Honeywell International by 64.6% during the first quarter. Alliancebernstein L.P. now owns 2,652,344 shares of the conglomerate’s stock valued at $561,634,000 after buying an additional 1,041,273 shares during the last quarter. Finally, Vista Cima Wealth Management LLC bought a new position in shares of Honeywell International during the first quarter valued at approximately $164,000. 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.